freeandfun1
VIP Member
- Feb 14, 2004
- 6,201
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For business, I only use AMEX as it HAS to be paid off every month. I even use my AMEX to pay invoices. I have nearly 2 million "Reward Points" from AMEX that I have collected over the years. I am saving them to get something really cool with! If I can't charge it on my AMEX, our company has a $250K LOC with the bank. Back in `99 when the shit hit the fan in Asia, I had a $500K LOC that I owed $300K on and guess what... the bank called the ENTIRE amount. It put me in a bind, but I never charge anything I can't cover some how some way. The called $300K had to be paid over a 2 year period. It *hurt*, but it didn't BK us.GotZoom said:Nice. I had them remove the limit on my check card.
Our insurance business had a CC - it's 20 or 25 thousand also. But we pay that off every month - without fail. We get all those business benefits with it - free meals, mileage, etc.
That is the only reason we have it.