I know this is probably sort of dumb question, but I'm always getting calls and mail wanting me to get a company credit card. I usually throw them in the trash, because I don't like credit cards, (been there, done that), but thinking I might find something on line that would benefit my business, I'm thinking maybe applying for one 'just in case' to use just for my business. Anyone got any preference or all they just about the same?? :rolleyes Thanks........
SparkyNC: Look for one with the lowest interest rate, and a "no fee" for the privelege of having the card.naturally. IF you pay the balance every month, then that don't matter....but, WHEN the mail is slow, ya got to watch the interest rates.
They are a good thing to have in your pocket, but you have to maintain control. John
You never know when you're in a situation where you will ABSOLUTELY need a credit card (need extra tools or material to finish a job _today_) and you have no, or not enough, cash to pay for it immediately. So in a way, it's a good "insurance."
Also be careful when you throw out those credit card mail offers. Shred them up into tiny bits and flush some of the bits down the toilet and throw the rest into various garbage cans (that way someone going through your trash can't put them back together with a roll of sello-tape).
Get an ATM (check) card that is hooked up to your checking account. It acts just like a credit card, but takes the money out of your checking account instead of getting a bill. At least here in CA all the places that take VISA take my check card. Two things remember you Persoanl Identification Number (PIN) and keep the receipt to write down in your check book at the end of the day.
One disadvantage to the ATM check cards is that they do not provide any purchase protection. For example, if you take your truck in for a repair and the mechanic does a $700 valve job even though you only authorized a $30 oil change, you can make a claim to your credit card company and they will investigate it. If they find in your favor, they will issue a charge back. If you had used an ATM check card, your only recourse would be small claims court.
Another down side to a Visa check card/ Debit card is that if lost or stolen someone can clean out your checking account before you even know its gone. It can take weeks to get the mess straightened out, in the meantime you're bouncing checks. I won't have one.
We use American Express for every thing we don't get at the supply house. I love it because I get 2 frequent flyer miles for every dollar spent at Home improvement centers and gas stations, last month this added 13,600 miles to my Delta Skymiles account. If paid off every month in full(which it always is) there is no interest.
[This message has been edited by Electric Eagle (edited 11-15-2002).]