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I am having fun doing the reconciliation of the business credit card. The balance gets to be breathtaking in a month, but we always pay the full statement balance automatically. We pay zero interest.
I have the statement open, and by federal law they have to put the information for idiots on there. If I pay only the minimum, and never charge on the card again, it will take 27 years to pay the bill, and the amount paid will be over double the amount due. I can save almost 8 grand it I up it to just $304 per month and pay it off "only" three years.
I think I will stick to full statement balance.
It took me a few phone calls to get them to accept the fact our airplane can fly to another state, buy $250 or more in fuel, fly to another state and do it that again in one day. It can suck up some money like crazy. Fortunately we are smart enough to mark that cost up and get the client to pay their bill, and make money on that.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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