Can You Start a Business Using Credit Cards?

One of the biggest hurdles to starting a business is generating enough capital to make the initial investment. Even if you have a fantastic idea, with a clear path to revenue and growth, if you don’t have the cash to get that momentum started, you might never bring your business to life. So the real questions we have had several readers ask: can you start a business using credit cards?

So what if you could take on all the business costs yourself, using credit cards to cover the difference between your own savings and the actual expenses of getting started?

Hypothetically, you should be able to reduce these collective costs enough to fit squarely within your credit card limits, assuming at least a few thousand dollars per credit card, and a few credit cards.

We also need to consider the types of credit cards available.

There are different credit cards that are based on a few factors:

So what are the advantages of following a credit card-based startup model?

Of course, there are some disadvantages to consider as well:

Does that mean that starting a business by racking up credit card debt is the right choice for you? The answer is almost certainly no. Credit cards as a primary mode of funding are best reserved for people who strongly dislike other funding options. Business owners who are willing to take a significant personal risk.

For people with low-cost startups who want to get things done as quickly as possible. For all other entrepreneurs, it’s best to leave credit cards as emergency options to supplement your other modes of funding.

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