Which credit card do you charge business expenses to?

Now that the new federal laws governing rate hikes, notifications, and fees on credit cards are about to take effect, many small business owners have begun to ponder a move from their current business card to a personal one, in hopes of limiting their financial downside. After all, the new guidelines only extend that far, making the resulting predictability pretty attractive and fiscally responsible.

Seems like a logical move, right?

Well…maybe not. Turns out that bumping everything onto a personal card could put your credit rating in a precarious position (read: an even more precarious position than is already the case if you’re a sole proprietor).

An article that ran on the Wall Street Journal website sums the pros and cons up well. Take a moment and take a peek. You’ll be glad you did.