Hello all, great place you have here - Been super helpful so far but now I have a question.
Im looking to start a new business and obviously would like to utilise a Credit card to make things easier, but also earn Velocity/Krisflyer points too (Japan is my fav destination!)
Just a note; This will be a sole trader, single person business, minimal profits to begin with, but obviously hoping for that to change haha.
Originally I had planned to use the NAB Velocity rewards premium card to have access to both Amex and Visa and the points were a good deal too, Almost signed up until I read the TOS; they mention that points can’t be claimed on purchases NAB decides are business purchases.
Has anyone had experience with this, any chance I can use it for business and make points, or is there a better option? I have looked at business cards but NAB do no have a velocity business card anymore, and AMEX velocity business requires a personal income too high of a beginning small business/Sole Trader (and the balance must be paid out at end of each period, this is a concern)
I would look to use the Credit card to pay for mostly business expenses (Stock, software licensing, hosting, packaging, advertising) but also for paying utilities (or share of) as the business is run from home - And also personal purchases/bills. - I do intend of speaking with an accountant/financial advisor about what I should do with this.
I apologise if im not making much sense, I am just running out of time to get this sorted, Currently have another personal credit card with no rewards but much lower interest rate so if I am unable to claim rewards as a new business on a personal account I may aswell stay put