January 14, 2019
Understandably, most people try not to open too many credit cards, to protect their credit score. Due to this, it might be tempting to open a credit card for your business that you can also make personal purchases on. Plus, given the potential for earning valuable rewards on business credit card purchases, it may seem logical to use a business credit card for personal expenses. In reality, covering personal expenses with a business credit card can seriously impact your business’s financial well-being. Still, the severity of risk depends on your circumstances.