Company Credit Cards

[ladymuck]

I don’t think they are accepting new CoT applications.

I think the only way to get anything back at the moment is with PayPal 0.5% cash back

Where did you hear that? They're changing from being a MasterCard debit card to a Visa Credit Card from end of October. AFAIK any new accounts will be Visa

[BlueSharp]

Where did you hear that? They're changing from being a MasterCard debit card to a Visa Credit Card from end of October. AFAIK any new accounts will be Visa

I spoke to CoT and you are correct, also there is no release date for the mastercard to visa switch.

Do HMRC not accept any business credit card Mastercard or visa, but the Curve card acts as a debit card so you could collect points on curve and and CoT?

[kryten22uk]

Do HMRC not accept any business credit card Mastercard or visa, but the Curve card acts as a debit card so you could collect points on curve and and CoT?

Erm, HMRC do accept business credit cards. It's just that the fee they charge would outweigh the value of any points gained from doing so.

If you are using Curve, then it is free and you get the points of the card you link to it. But you don't have to use the new CoT visa card though, you can use any points earning MasterCard/visa. Note that when you pay HMRC using a curve card, it is curve that are paying your tax bill, not the card you link to curve. The linked card (i.e. CoT) simply reimburses curve. Not that any of that makes any difference, it's just fyi.

[SimonMac]

Where did you hear that? They're changing from being a MasterCard debit card to a Visa Credit Card from end of October. AFAIK any new accounts will be Visa

Yeah sorry my bad, I knew something had happened which diminishes it's value

[SimonMac]

I noticed while on the tube today Paypal are advertising their Mastercard Debit with 0.5% cashback which may be useful for paying VAT/CT once the CoT one switches.

Business Debit Card - Mastercard for Business | PayPal UK

Going for this route, if I link MyCo's Amex to MyCo's paypal account it might give me cashback and avios, will let you know if it works

[kryten22uk]

Going for this route, if I link MyCo's Amex to MyCo's paypal account it might give me cashback and avios, will let you know if it works

Would be interested to know what happens in practice, but the T&C's at least state that PayPal funds to cover the debit card spend have to come from a bank account. No mention of funding from credit cards.

[SimonMac]

Would be interested to know what happens in practice, but the T&C's at least state that PayPal funds to cover the debit card spend have to come from a bank account. No mention of funding from credit cards.

I already had a paypal account in MyCo's name linked to my bank account, I've signed up for the debit card, will add the amex as a payment method once approved and try removing the bank account.

[ladymuck]

I spoke to CoT and you are correct, also there is no release date for the mastercard to visa switch.

Do HMRC not accept any business credit card Mastercard or visa, but the Curve card acts as a debit card so you could collect points on curve and and CoT?

That's interesting, the email they sent a few weeks or so ago said end of October.

[ladymuck]

Erm, HMRC do accept business credit cards. It's just that the fee they charge would outweigh the value of any points gained from doing so.

Agreed. It's the fees that negate the benefit. There's no issue with using a business credit card

[bluetoaster]

I have a CC at the moment as the current contract includes international travel. I expect I'll get rid of it again when the contract ends. There's no real benefit that I see.