Keep a separate credit card for business trips
 If part of your job includes traveling often and you charge your expenses to your employer, keeping a separate credit card with a high cash back bonus might be a good idea.
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Here are some benefits to holding a separate credit card solely for business trips:
- Cash-back on money you don’t really spend - it’s money your company spends.
- A backup to your receipts as proof of expenses (when you submit your forms requesting your reimbursement).
- Avoid confusing your household expenses with ones paid for by your company.
- Build your good credit, always pay on time because the expenses will be paid for.
- Don’t surprise and stress your spouse with approaching limits on a shared household card.
- Certain cards offer more rewards on travel related expenses, including benefits while on the road.
- If you are in credit card debt, separate your business expenses which could be paid in full each month, to reduce your finance charges.
I would add that it is always a good idea to open whatever “club membership” is available on airlines and hotels providers you use and before you book anything - see if there’s a special deal. I recently got upgraded on a hotel chain club and got a restaurant gift card with it for my trip. On another occasion I got a best buy gift card - just for staying for business purposes. I know it’s time consuming and for some it might sound like too much hassle to bother. I suggest - simply spend 10 minutes before booking anything for the most basic research, it’s always fun to get back free stuff.
Another point I’d like to make is that I don’t see any reason to hold a card that has a membership fee. There are plenty of free cards out there with features that will surely surpass the one you pay fees for.
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[ad#cj-discover1] Have a safe and productive business trip… Cheers! |
Comment by Kredit — September 25, 2008 @ 12:06 pm
Comment by promosyon — September 25, 2008 @ 1:53 pm
Comment by Max — September 26, 2008 @ 2:07 pm