A freelance credit card
28/06/06 11:57 Journalism in practice
Here's something you
don't see every day - an offer of a
credit card. I'm being ironic of course,
but this one, from Tesco, appears to have
something to recommend it in that it's aimed at
sole trader/freelances who want to keep their
business and personal spending apart.
Well, yes, good idea, and as a freelance of 13 years' standing I'd certainly recommend that as good practice. The thing is that's all I'd say about it - indulge in good practice and you'll save some money, most likely. Is it then necessary to go and get a special credit card for which you need to be VAT registered? I'd suggest not. In fact if anyone is starting up as a sole trader I'd advise against getting an extra credit card, cash flow can be unreliable (says the man sitting on people owing him tens of thousands) and borrowing at high interest is probably the most expensive way of sorting it out.
There's a lot in what the Tesco man says in the attached piece. Take Tesco and the new card out of the equation and I'd really recommend following his advice.
Well, yes, good idea, and as a freelance of 13 years' standing I'd certainly recommend that as good practice. The thing is that's all I'd say about it - indulge in good practice and you'll save some money, most likely. Is it then necessary to go and get a special credit card for which you need to be VAT registered? I'd suggest not. In fact if anyone is starting up as a sole trader I'd advise against getting an extra credit card, cash flow can be unreliable (says the man sitting on people owing him tens of thousands) and borrowing at high interest is probably the most expensive way of sorting it out.
There's a lot in what the Tesco man says in the attached piece. Take Tesco and the new card out of the equation and I'd really recommend following his advice.
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