Hey Guys!
Today I want share a few tips for using a credit card for business expenses for your small business. This post is sponsored by SoFi. As you guys know, alongside running my blog, I also run two jewelry businesses and a beauty brand. For me, keeping my expenses separate and tracking them by using a credit card for my business purchases, has helped me feel more secure placing orders for raw materials on-line and help me build business credit. A small business credit card is great for paying vendors and handling travel expenses. It’s so important to keep personal and business expenses separate because your company is an independent entity from you and your personal finances. You also want to build business credit separate from your personal credit, so as your business grows, you’ll have more leverage to secure larger business loans. Over the years, here are a few tips that have helped use my credit card more respsonsible:
- Read Your Card Agreement and Know Your Terms.
- Always Make Payments on Time.
- Pay More Than the Minimum.
- Stay Below Your Credit Limit.
- Check Your Monthly Statements Carefully for Accuracy.
Here are a few reasons to consider applying for the SoFi credit card:
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2% unlimited cash back when you redeem to save, invest, or pay down an eligible SoFi loan.
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It’s the first credit card that allows you to use your cashback rewards for crypto investments.
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Discounts and perks from Doordash, Lyft, Hello Fresh, and Shoprunner.
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Complimentary $1000 of phone insurance just for being a cardholder
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No foreign transaction fees
Have you considered using a credit card for your business expenses? Let me know which card you prefer!
Yours Truly,
Yinka
This post was sponsored by SoFi
