What’s Needed for Business Credit Card?

We have already talked about why you should have a business credit card. You have seen the value in having one yet? I hope your answer is, “Yes! I am ready to do it.” However, if you aren’t sure how to do it, no worries because I’m here to help. It is not much different than getting a personal credit card.



To get started obtaining your business credit card, you will need a couple things first. You can apply with your social security number, but I suggest applying for it with an EIN. You are a business, so give your business its own identification number. [Here is information directly from the IRS: An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. Generally, businesses need an EIN. You may apply for an EIN in various ways, and now you may apply online. This is a free service offered by the Internal Revenue Service and you can get your EIN immediately. You must check with your state to make sure you need a state number or charter.]


If you do not already have business credit, the credit card company will review your personal credit and financial history. The credit card company will also want to know your annual revenue. Be sure to have this information ready before you apply. However, do not be alarmed. Even if your personal credit is not the best, you may still get approved for a small credit limit. Remember, a $200 credit limit, to start off, is better than no credit limit at all.


There are all types of business cards that you can apply for, but do not just start applying for every card that you can find available. Take a look at your credit score and review your income, then research which business credit card will best fit your qualifications. No need to be afraid, credit can be your friend and help you get the capital you need for your business. Business credit works; you just have to know how to work it.


Get out your pen and paper, check your score, check your money and start researching to see which card will work for you. Let’s get to work.