Published On Apr 8, 2024
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In this video, I'll go over the common question of whether you can use your personal credit card for business expenses. We'll go over whether it's doable, why we strongly advise against it, and what you're missing out on when using a personal card for business.
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Be sure to watch the entire video because I'll not only answer the common question but also explain important things to know about using your personal credit cards for business expenses as a new business owner. One of the major benefits of having a business is the limited liability protection it provides. If your company faces legal action, your personal assets are generally safe. However, mixing personal and business expenses could jeopardize this protection, leaving your personal assets vulnerable to legal claims.
If you want to apply for a business credit card, check out our playlist on credit cards to understand their features and how you can use it:
Business Credit Playlist:
   • Capital One Spark Miles For Business ... Â
3 Best Business Credit Cards 2024 (My Recommendations):
   • 3 Best Business Credit Cards 2024 (My... Â
How to Get a Business Credit Card for Your LLC:
   • How to Get a Business Credit Card for... Â
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Thanks for watching! I hope you have a wonderful day!
-Charlie
#CreditCard #Business #BusinessCreditCards
Timeline:
0:00 - Intro
0:28 - Personal and Business Credit Card Differences
0:51 - Credit Card Issuers
1:02 - Business Credit Cards
1:16 - Personal Bank Accounts
1:25 - LLC Pros & Cons
3:27 - Conclusion
Disclaimer: Some of the links above may be affiliate links, meaning I may receive a small commission if you click on them. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your due diligence. We appreciate your viewership!
StartupWise is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as Milevalue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.
In addition, we are not financial advisors. StartupWise does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.
