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Are Business Credit Cards Good for Nurse Entrepreneurs?
LeaRae Keyes, RN

The answer to that question depends... It depends on how you use them in your nurse entrepreneur business.

Most small business owners use credit cards for their business purchases. Many purchases including products and services can be put on credit cards. However, there are a few pitfalls and risks in using business credit cards in your nurse entrepreneur business.

  1. It is easy to make the mistake of co-mingling personal and business expenses when you use a credit card for purchases for your nurse entrepreneur business.
  2. You can lose track of where you are spending your business money because it isn't always clear when you look at your credit card statement what you purchased by looking at the name on your statement.
  3. Losing control of your business spending can also happen when you use a business credit card. Putting a purchase on a credit card can seem like you aren't spending real money.
  4. Not paying off your credit card in full results in extremely high financing rates. This can severely cut into the profits for your nurse entrepreneur business if you aren't careful.

Using a business credit card is convenient but use it wisely or it may cost your nurse entrepreneur more than you think.

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