In the years that we have had our club, situations have
arisen where we need to pay for expenses with a credit card.
What usually happens is that I use my personal card and
reimburse myself from the club account with a check. I think
we need a club credit card for such purchases, but don't
know how or where to look to open such an account. Any
advice?

Liana

I would continue to use a personal credit card. If you check
your partnership agreement, you probably cannot open a club
credit card account. (Most agreements forbid borrowing).

I also suspect that you will have a difficult time finding a
credit card issuer who will open such an account, unless you
can do it through your broker. Many "cash management"-type
accounts (for individuals) come with an associated
credit/debit card.

Ira Smilovitz

Liana Roxanne Clark wrote:
> In the years that we have had our club, situations have
> arisen where we need to pay for expenses with a credit card.
> What usually happens is that I use my personal card and
> reimburse myself from the club account with a check. I think
> we need a club credit card for such purchases, but don't
> know how or where to look to open such an account. Any
> advice?
>
> Liana

Thank you for this information. I have received several
offers for business credit cards that seem to include
partnerships, so I thought it would be doable. What I really
want is a debit card, but Waterhouse will not let us have
one as a partnership.

Liana

Ira Smilovitz wrote:
> I would continue to use a personal credit card. If you check
> your partnership agreement, you probably cannot open a club
> credit card account. (Most agreements forbid borrowing).
>
> I also suspect that you will have a difficult time finding a
> credit card issuer who will open such an account, unless you
> can do it through your broker. Many "cash management"-type
> accounts (for individuals) come with an associated
> credit/debit card.
>
> Ira Smilovitz
>
> Liana Roxanne Clark wrote:
> > In the years that we have had our club, situations have
> > arisen where we need to pay for expenses with a credit card.
> > What usually happens is that I use my personal card and
> > reimburse myself from the club account with a check. I think
> > we need a club credit card for such purchases, but don't
> > know how or where to look to open such an account. Any
> > advice?
> >
> > Liana

try

Ira Smilovitz wrote:
> I would continue to use a personal credit card. If you check
> your partnership agreement, you probably cannot open a club
> credit card account. (Most agreements forbid borrowing).
>
> I also suspect that you will have a difficult time finding a
> credit card issuer who will open such an account, unless you
> can do it through your broker. Many "cash management"-type
> accounts (for individuals) come with an associated
> credit/debit card.
>
> Ira Smilovitz
>
> Liana Roxanne Clark wrote:
> > In the years that we have had our club, situations have
> > arisen where we need to pay for expenses with a credit card.
> > What usually happens is that I use my personal card and
> > reimburse myself from the club account with a check. I think
> > we need a club credit card for such purchases, but don't
> > know how or where to look to open such an account. Any
> > advice?
> >
> > Liana