Hi everyone,
Can I use a personal credit card for business payments? What should I be aware of, and how should I record these transactions in my books?
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@Sreenath You can use a personal credit card for business payments, but it’s not recommended. Banks like HDFC and Axis offer business credit cards designed for this purpose. Using a personal card for business could lead to issues, including blocked rewards. It’s best to use a dedicated business card.
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@Sreenath Yes, you can. Banks like Axis may block rewards or the card if used for business. HDFC biz card is a good option.