 TITLE: Is It More Important to Pay My Business Credit Card or My Personal Card? CONTENT: What Happens if You Don't Pay Your Business Credit Card?\n--------------------------------------------------------\nIf you fall behind on your business credit card payments, you will be assessed a late fee, and the issuer can increase your APR without delay. This \"penalty rate\" may apply to your card indefinitely, potentially making a big difference in how much you'll pay to carry a balance. The issuer can also lower your credit limit if it chooses.\nLate payment notices will appear on any credit report the issuer sends information to, which can affect not only your business credit rating but your consumer credit as well. If the debt remains unpaid, the account may be suspended or closed and sent to collections. The card's issuer or a collection agency may also pursue legal action. Any business partners on the account will experience the same credit and legal consequences.\nNot having access to your business credit card can be serious. If you're like many small business owners, you rely on credit to keep your operations running smoothly. You may need easy access to a high charging limit to do things like purchase expensive machinery or buy products in bulk, and then pay over time. Without the ability to borrow using your business credit, you may be in a bind the next time cash runs short. END