Work for Yourself? Here's How a Business Credit Card Could Help

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Ultimately, I use myInk Business Unlimited Credit Card* for the bulk of my business spending and bills.

We pool all our rewards from business and personal Chase credit cards into a single account before we redeem.

How business credit cards work

Business credit cards work similarly to personal credit cards.

Most business cards have higher credit limits, and the spending categories are usually business-specific.

Some also have a lucrativewelcome bonus.

Depending on your issuer, you may use rewards toward travel, a statement credit or new business purchases.

Any business owner, from dog walkers to corporate leaders, is eligible for a business credit card.

Gig workers and people who are self-employed can also qualify for a small-business credit card.

You don’t even need employees on the payroll.

But it’s typically not the best choice for business owners.

Ideally, you won’t carry a balance and pay interest on your business credit card.

But if you do, interest on business expenses is tax deductible.

But if you’re not careful, carrying an outstanding balance can come with steep interest charges.

Here are some of the benefits and drawbacks to consider.

They’ll pull your personal credit report to determine if you’re eligible for the card."

Cards in this niche frequently earn flexible rewards that can be redeemed for travel in more than one way.

Co-branded airline and hotel credit cards for businesses also tend to offer brand-specific perks.

Other cards may offer boosted rewards in select categories.

Business credit cards may also include cardholder perks, like purchase protection and extended warranties.

Using a business credit card for personal expenses could be a recipe for disaster.

It also depends on whichcredit bureausyour issuer reports activity to.

Some may charge a fee, while others may offer a limited number of checks per year.

Check with your issuer to see which bureaus it reports activity to.

It has been edited and updated by CNET Money editors.