Services business credit card recommendations

by a searcher from George Mason University

2 years ago

I'm under contract for the acquisition of a gutter installation company down in Florida and have been researching accounts to set up for operation of the business. Does anybody have any recommendations for credit cards/bank accounts from a benefits/perks/fees perspective? The largest expenses that will be run through are gas and material costs. Thanks for any input! 

Ben

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10 comments

searcher from University of Texas at Austin

I am in a similar boat (under contract and closing soon) and opted for the Amex blue business plus because it is 0% interest for the first 12 months. Points and introductory offer are better with other cards, but I wanted to minimize liquidity risk early in my ownership, so I am accruing a balance while I build up a cash reserve. Cash reserve preferable to credit card capacity for the reason Daniel mentioned - a lot of expenses will need to flow through your bank account / ACH.

2 years ago | like reply | 1 like

searcher from Harvard University

We have four credit cards - Chase Ink (best for points), Amex Platinum (best benefits when traveling), Amex Plum (best for pushing out payments up to 90 days), Brex (best for creating effectively a 60 day revolving LOC on frequent charges, e.g. internet advertising). We have the due dates of the Chase, Platinum and Plum staggered every 10 days so the cashflow isn't lumpy.

2 years ago | like reply | 1 like

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