How to Get a Business Credit Card in 3 Steps

What are you looking for in your business credit rating card ? You don ’ t need a ball clientele social organization, like an LLC or S Corp., to get a business credit poster. lone proprietors, freelancers, spear workers and independent contractors can all qualify for — and profit from — a dedicate commercial enterprise credit poster

Applying for a small-business card is relatively straightforward. You’ll provide much of the same information as you would for a personal credit card, along with additional details about your business (industry, revenue, etc.).

Follow these three steps to get a business credit card.

1. Assess your eligibility

Approval for a clientele credit card is based largely on your personal credit score, so startups and new businesses have the lapp shot as more established companies. Most clientele cards require effective or excellent credit, typically a personal FICO score of 690 or higher, though there are secure business cards for entrepreneurs with bad recognition . Take a look at your credit composition and your credit scores. You can get one personal credit report per year from each of the three independent credit agency — Equifax, Experian and TransUnion — at annualcreditreport.com. You can besides keep an eye on your credit score for complimentary using the NerdWallet app Have bad personal credit but firm tax income or venture fund ? Consider a corporate circuit board like Brex or Ramp, which base approval on your commercial enterprise ’ s finances, not your personal credit score .

2. Consider your business credit card options

Once you know what you can qualify for, it’s time to narrow down options based on your business need. Compare features, perks, rates, fees and reward options to find the best card for your small business.

0% APR cards

If you need to finance a large purchase or consolidate existent debt, attend for a card with a 0 % basic APR on raw purchases and remainder transfers. A card that offers ongoing rewards along with an presentation APR menstruation is a better long-run bet than one with equitable a 0 % offer . The Blue Business® Plus Credit Card from American Express charges a 0 % presentation APR on Purchases for 12 months, and then the ongoing APR of 16.99 % -24.99 % variable APR. The . The $ 0 annual fee and ongoing rewards (up to 2% cash back) make it an easy card to keep carrying once the introductory interest rate ends. Terms apply (see annual fee and ongoing rewards ( up to 2 % cash back ) make it an easy batting order to keep carrying once the introductory interest rate ends. Terms apply ( see rates and fees ) .American Express The Blue for Business® Credit Card American Express The Blue Business® Plus Credit Card from American Express NerdWallet Rating  NerdWallet ‘s ratings are determined by our editorial team. The scoring formula takes into score the type of card being reviewed ( such as cash back, travel or balance transfer ) and the poster ‘s rates, fees, rewards and early features .

4.8

Annual Fee

$ 0

Read Review

Apply now

Cash-back business cards

Business cards that earn cash back are among the most versatile because your rewards can typically be redeemed as a statement credit or deposited into a connected bank account.

Some cash-back cards earn the same rewards rate for all purchases. Others earn a higher rate in certain categories, like at office supply stores, gas stations, and internet and phone providers. A flat-rate card is the better bet if you don’t spend heavily in those categories.

Flat-rate rewards : The The

Capital One Spark Cash Plus

card offers 2 % cash back on all purchases, plus this sign-up bonus : Earn up to a $ 1,000 cash bonus ; $ 500 once you spend $ 5,000 in the first 3 months, and $ 500 once you spend $ 50,000 in the first 6 months of account open. The annual fee is The annual tip is $ 150.Capital One Spark Cash Plus capital One das kapital One Spark Cash Plus NerdWallet Rating  NerdWallet ‘s ratings are determined by our editorial team. The scoring formula takes into account the type of batting order being reviewed ( such as cash back, travel or balance remove ) and the card ‘s rates, fees, rewards and other features .

4.4

Annual Fee

$ 150

Read Review

Apply now

Bonus categories :The The

Ink Business Cash® Credit Card

, on the early hand, earns 5 % cash back on the first $ 25,000 per anniversary year in purchases at position supply stores, and on internet, cable and call services ; 2 % cash back on the beginning $ 25,000 per anniversary year in purchases at gasoline stations and restaurants ; and 1 % everywhere else.

Chase Ink Business Cash Credit Card Credit Card chase Ink Business Cash® Credit Card NerdWallet Rating  NerdWallet ‘s ratings are determined by our editorial team. The scoring rule takes into score the type of tease being reviewed ( such as cash back, locomotion or libra transfer ) and the tease ‘s rates, fees, rewards and other features .

5.0

Annual Fee

$ 0

Read Review

Apply now

Travel credit cards

Spend a lot of time on the road (or in the air) for business travel? Consider cards that earn extra points on travel-related expenses and offer added value via traveler-friendly perks like lounge access and airline credits. Similar to cash-back cards, you’ll find travel cards either offer flat-rate rewards or tiered rewards with certain categories earning a higher rate.

The Business Platinum Card® from American Express, for instance, offers lots of extras in exchange for its steep annual fee of $ 695. First, there’s a rich welcome bonus: . First, there ‘s a rich welcome bonus : Earn 120,000 Membership Rewards® points after you spend $ 15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership. Terms Apply .

You’ll earn 5 Membership Rewards points on flights and prepaid hotels booked through the American Express Travel website, and 1 point for each dollar you spend on eligible purchases. You also earn 1.5 points on eligible purchases at U.S construction material and hardware suppliers, electronic goods retailers, software and cloud system providers, and shipping providers — as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.

You ’ ll besides get up to a $ 200 annual airline tip credit, a $ 189 credit rating toward the price of a clearly membership, airport loiter access, and more. Terms apply ( see rates and fees ) .The Business Platinum® Card from American Express OPEN Credit Card American Express The Business Platinum Card® from American Express NerdWallet Rating  NerdWallet ‘s ratings are determined by our column team. The scoring formula takes into bill the type of calling card being reviewed ( such as cash back, travel or balance wheel transfer ) and the wag ‘s rates, fees, rewards and early features .

5.0

Annual Fee

$ 695

Read Review

Apply now

3. Apply for your business credit card

Once you settle on a business credit card, you’ll likely be able to apply for it in a matter of minutes — as long as you have the necessary information at hand.

  • personal information : Name, birthdate, name, birthdate, Social Security number, home cover, electronic mail, earphone count, annual income, and monthly rent or mortgage payment .
  • Business information:

    Business name, legal structure, industry type, address, phone number, annual revenue, number of employees, years in business, estimated monthly spending and your EIN (if you have one).

To view rates and fees of The Blue Business® Plus Credit Card from American Express, see , see this page To view rates and fees of

The Business Platinum Card® from American Express, see , see this page

Compare Cards

generator : https://thaitrungkien.com
Category : Tutorial

Related Posts

Trả lời

Email của bạn sẽ không được hiển thị công khai.