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Carrying business expenses on personal credit cards: Pros and cons

admin by admin
July 17, 2021
in Credit Cards
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Carrying business expenses on personal credit cards: Pros and cons

Last week’s letter from a director tired of being pressured to put hefty expenses on his personal credit card, struck a nerve with a lot of readers. Employers asking employees to cover upfront costs for travel, meals, equipment and other business expenses is a common practice — and, judging by reader responses, a largely unpopular one.

Readers without those resources described having to eat the cost of interest charges or late fees when reimbursement came late — or getting stuck with the entire balance when reimbursement never came. And, adding insult to insolvency, those without adequate borrowing power to cover work expenses can find themselves in humiliating situations, or missing out on career opportunities.

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