How to get a business credit card

Applying for a clientele credit poster international relations and security network ’ t that much different from applying for a personal credit batting order. But if this is your first time applying for a business batting order, or you don ’ t have existing business credit rating, there are a few steps you can follow to help you qualify for the right card. editorial note : Credit Karma receives recompense from third-party advertisers, but that doesn ’ metric ton affect our editors ’ opinions. Our third-party advertisers don ’ metric ton review, approve or endorse our column subject. It ’ sulfur accurate to the best of our cognition when posted .

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For many small-business owners, a business credit card can help streamline finances while building business credit. But if you have little or no business credit, how do you get a business credit card in the first place?

Whether you ’ re a freelance or have your own start-up, you ’ ve credibly wondered how to get a business credit card, specially if you ’ re merely starting your commercial enterprise and don ’ t have any business credit rating even .
tied though there are a few differences between clientele and personal credit cards, the work for applying is similar. here ’ s what you should do if you ’ re trying to get a business credit calling card .
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1. Check your personal credit

Before you start the process of applying for a commercial enterprise recognition card, check both your personal and occupation credit. Both can be considered when you apply .
Lenders may besides consider early factors about both you and your business, such as …

  • Business revenue
  • Business expenses
  • Personal income

If you don ’ thyroxine have clientele credit, you may need to work on building it before you can be approved for the best business credit cards. One way to do that is with a fasten business credit rating circuit board .

2. Research business credit card options to find one that fits your needs

There are several different types of business cards, so brand indisputable to keep your business needs in mind. It ’ sulfur important to consider the type of business you have and how you can maximize your rewards based on your business-spending requirements .
For exercise, a freelancer graphic graphic designer with monthly expenses for purpose software might consider a business credit poster with cash back for general purchases. But a business owner who travels frequently might consider a occupation card with travel rewards alternatively.

If you ’ rhenium working on building your business credit, know that not all business credit cards report to business credit-reporting agencies. If you get a batting order from an issuer that doesn ’ metric ton, you won ’ triiodothyronine build your clientele credit. Before you apply, ask the credit card caller if it reports to a business credit-reporting agency .
Compare each batting order side-by-side so that you can make the best decision and minimize the number of cards you apply for — excessively many arduous inquiries will impact your citation scores .
Looking for a business credit menu ?

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3. Apply for a business credit card

once you ’ ve found the proper business accredit card for you, fill out an application .
Most credit wag companies will accept an application on-line, where you ’ ll be provided with a decision. If you don ’ triiodothyronine receive an immediate decision, your lotion will be reviewed and a decision will be sent to you .
The application will probably ask for your personal and business data, including …

  • Legal business name
  • Business address
  • Type of business
  • Business phone number
  • Tax identification number
  • Annual business revenue
  • Years in business
  • Monthly business expenses
  • Personal income
  • Social Security number
  • Date of birth

4. Wait for your business credit card in the mail and use it wisely

If you ’ ve been approved, all you need to do is wait for your card to arrive in the mail. If you applied on-line, most accredit tease companies will mail your calling card within seven to 14 business days. Once you receive your business card, activate it and start using it wisely .

  • Carefully review the terms of any related rewards program so you can reap the maximum benefits of your business card.
  • Avoid mixing personal and business-related expenses on your business credit card. Doing so will help you when it’s time to sort out your accounting information during tax season.

Bottom line

If you ’ re a freelance freelance or small-business owner, the right business credit rating card can help you build your business credit if you use it responsibly. But if your clientele doesn ’ thymine have an income yet or you don ’ t have occupation accredit, be prepared to prove your creditworthiness based on your personal credit history and income.

once you ’ ve received your batting order, use it responsibly to far grow your business and your business citation .
Looking for a business credit tease ?

Compare Business Credit Cards Now
About the author: Latoya Scott is a freelance writer and certified financial education instructor with an MBA from South University. She is the creator of and has been featured on HuffPo, Rockstar Finance and more.  Latoya Scott is a freelancer writer and certified fiscal department of education teacher with an MBA from South University. She is the godhead of and has been featured on HuffPo, Rockstar Finance and more. Read more.

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Category : Finance

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