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Just keep in mind when applying that you might have personal joint liability for your business card's balance. We have a Chase Ink Business Cash card that I app

Just keep in mind when applying that you might have personal joint liability for your business card's balance. We have a Chase Ink Business Cash card that I applied for as a representative of our company and had to provide my SSN on the application. The card was approved no problem but looking at Chase's offerings enticed me to apply for the Sapphire card for myself. I got denied a Sapphire card despite a damn near perfect credit score and qualifying income. When I called in to dispute being denied arguing that my personal card shouldn't be impacted by a business card, this is how I learned that I was jointly liable for my business card payments as well. Chase auto-denied me due to "multiple consecutive applications" since they don't consider business and personal to be separate if the SSN used is the same. Point is, make sure you read the fine print before you apply - joint liability may not be standard on all cards. Our bank issued us their business Visa with a very generous line and it is only connected to our business account with no joint personal liability.

cmdrfred 10y ago
So if the company goes belly up its possible that you'll end up holding the bag? That is horrifying coming from someone who has worked for mismanaged companies.
- ams6110 10y ago
  He's speaking about the person opening the credit card account in the business's name (generally the founder/owner/CEO etc.) As an employee using the company card you would not have personal liability.
  - uiri 10y ago
    An employee using the company card usually does have some personal liability for the card. Liability does not arise in the case mentioned above where the company goes bankrupt. However, if an employee makes unauthorized charges to a company card, the company can refuse to pay them as they do not fall underneath the company card policy. Those charges then become the employee's responsibility. Be careful with company credit cards, even if you're only an employee!
ams6110 10y ago
This will almost certainly be the case unless you are a very well-established company with a good financial history.

cmdrfred 10y ago

So if the company goes belly up its possible that you'll end up holding the bag? That is horrifying coming from someone who has worked for mismanaged companies.

ams6110 10y ago
He's speaking about the person opening the credit card account in the business's name (generally the founder/owner/CEO etc.) As an employee using the company card you would not have personal liability.
- uiri 10y ago
  An employee using the company card usually does have some personal liability for the card. Liability does not arise in the case mentioned above where the company goes bankrupt. However, if an employee makes unauthorized charges to a company card, the company can refuse to pay them as they do not fall underneath the company card policy. Those charges then become the employee's responsibility. Be careful with company credit cards, even if you're only an employee!

ams6110 10y ago

This will almost certainly be the case unless you are a very well-established company with a good financial history.