OT - Best Business Credit Card?

My business card is with CapitalOne. Credit line is $20,000 (that's the
initial limit; I've not had it increased). They have some sort of "miles"
refund scheme. You can cash them in on airline tickets or cash. Last year,
I got over $200 back, but I have no idea how much I charged on the card.
APR is 10.87%, but I pay full balance every month. They've treated me well
so far.

http://www.capitalone.com/indexa.php

That's one of the companies that is filling my mailbox. I've been sorely
tempted to jump -- maybe I'll call them tomorrow.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Jay Honeck wrote:
Actually they did. Its my job to explain money management and educate
those who could do more with what they have. "The masses" as you refer
to them, have very little understanding of what's going on and get
themselves in troube all the time.

Really. I don't know anyone who has.

And you cruise a river in northern Africa.

No, I simply choose to surround myself with a certain type of people.
Sorry you can't undestand that some of us have standards.


Having sat on the board of directors of a credit union, and being in the
daily business of pre-authorizing people's credit cards (that's what we do
when we take your reservation), I can tell you without a doubt that credit
cards should be illegal. They are like crack cocaine to many people, and a
lot of people are getting hurt because of them. You simply would not
believe the level of debt many people carry. And it's often people you
would NEVER guess to be near bankrupt.

However, since they *are* legal, and since I, too, pay mine bill off each
month, I'm in the hunt for one that pays better rewards.

What, is a "USAA Visa" card?

I mistyped, it's actually a MasterCard.

"Jay Honeck" writes:

I've never had a problem with anyone accepting mine. Personally, I'll
take my business elsewhere if someone doesn't take it...I'd rather use it
than my Visa debit card.

Apples and oranges.

What's the advantage of AMEX over Visa *credit*, in your mind?

Customer service. Whenever I have phoned AMEX, I got to talk to a
very friendly and knowledgeable person right away. They truely want
to help you. At _any_ hour of the day!

Whenever I have phoned Chase about my Visa card, I have been put into
the eternal hold queue, and then gotten a customer service
representative who seems to know next to nothing about the cards they
offer.

Don't get me started on Citibank. After my first encounter with their
customer service, I tore up their card and promised I would never do
business with them again.

Chris
--
Chris Colohan Email: PGP: finger
Web: www.colohan.com Phone: (412)268-4751

"Darkwing" theducksmail"AT"yahoo.com writes:
I don't take them. They charge us to much for the honor of taking their
card. AmEx users are like a cult though, I've had a handful of people not do
business with us because we won't take AmEx, pretty odd....

I thought AMEX charged sellers more, but in exchange didn't do
chargebacks to the seller if the user disputes the charge. So it
works out to be a wash for most sellers.

Is this not the case?

Chris
--
Chris Colohan Email: PGP: finger
Web: www.colohan.com Phone: (412)268-4751

I can tell you without a doubt that credit
cards should be illegal. They are like
crack cocaine to many people...

If we made illegal everything that some people couldn't handle, we
wouldn't be able to do anything.

Jose
--
Money: what you need when you run out of brains.
for Email, make the obvious change in the address.

"Rachel" wrote

And your point is? I dislike credit cards. I see no reason to buy
something that you can't afford at that point in time. I use a debit card
and American Express card (which is NOT a credit card). I know exactly
what I'm doing. What's it to you? No one made you the educator of the
masses (especially when the masses already know about finances).

I agree with him on this one. The protection of a credit card is hard to
beat.

AmEx is a credit card that has to be paid off every month. You can treat
any credit card the same way, and not make any purchases that you do not
have the money set aside to pay for the item when the bill comes in. Poorly
worded, but you get the idea.

I have a debit card that is linked to my checking account, as to avoid a big
charge for withdrawing cash that has already been put in the bank. That is
the only thing that it gets used for.

When it comes down to it, as long as you (and others out there) understand
the whats and whys about the different cards, it all comes down to personal
preference. Use what you like, and feel comfortable with. I'm not any
judge of that.

Live and let live? Sounds good to me.
--
Jim in NC

On Sun, 22 Jan 2006 19:37:59 GMT, "Jay Honeck"
wrote:

We've had a company VISA card for many years. It has no annual fees, we
never pay interest -- but we also don't "get" anything out of using it,
either. In the past we've bumped up against the credit limit during the
month, and the company (now called "Chase") has been very slow to increase
the limit. Although they always responded by increasing it as needed,
their recalcitrance to do so has been a mild aggravation.

I have a corporate Chase (formerly Advanta) biz card that pays 1
percent cash back, no annual fee. $19K credit limit; I have no need of
an increase for several years.

Maybe they continued the cash-back feature for Adanta card holders?



-- all the best, Dan Ford

email: usenet AT danford DOT net

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
In Search of Lost Time: www.readingproust.com

On Sun, 22 Jan 2006 21:28:15 GMT, "Jay Honeck"
wrote:

Too few businesses accept AMEX for me to consider them. They also extort
more money from the vendors -- which is why we threw them out of the hotel

It would be comical to carry an Amex card but refuse to take it at the
"cash" register



-- all the best, Dan Ford

email: usenet AT danford DOT net

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
In Search of Lost Time: www.readingproust.com

On Sun, 22 Jan 2006 17:56:27 -0600, Rachel wrote:

"Float" has more meanings that being lighter than air or water.

Excuse me? I don't float checks and never have. What is your real issue?

He's suggesting that it's silly to use a debit card when you can use
the bank's money for a month or six weeks by using a credit card.

(I agree. Plus your protections tend to be greater with a credit card.
The only real purpose of a debit card is to get cash out of machine.)


-- all the best, Dan Ford

email: usenet AT danford DOT net

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
In Search of Lost Time: www.readingproust.com

On Sun, 22 Jan 2006 20:36:57 -0600, Rachel wrote:

And your point is? I dislike credit cards. I see no reason to buy
something that you can't afford at that point in time. I use a debit
card and American Express card (which is NOT a credit card).

Who says he can't afford it? Perhaps he just likes the free use of the
money.

And to say Amex is not a credit card is ridiculous. Of course it is;
it just operates a bit differently because it was there first. It
gives you credit until you pay the bill.



-- all the best, Dan Ford

email: usenet AT danford DOT net

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
In Search of Lost Time: www.readingproust.com