Opening A Business Credit Card

At this point and sometimes even before the first bill comes due people often think of opening a business credit card in order to pay for those expenses.

Opening a business credit card. Keep reading to learn how business credit works and the steps you need to take to open a business credit file for your company. Yes there are a lot of paperwork requirements but it s important to protect your personal credit while at the same time work to establish your business. Ink business preferred credit cardwelcome offer. And so opening a business credit card is an important element of this.

Nearly anyone can apply for a personal credit card but tpg reader mohammad wants to know what is required to qualify for a business credit card. Why a credit card and not a debit card. A business card is a point of contact between business people. If you don t know where to start when it comes to establishing your business credit file we ve got you covered.

I want to open the chase ink credit card however i don t really have a business open but i have sold some old stuff on ebay in the past. Key points in this important business decision inevitably owning a business means having business expenses that you have to pay. Essentially a personal guarantee means you re effectively cosigning your company s credit card. 100 000 ultimate rewards points when you spend 15 000 on the card in the first three months of account opening annual fee.

In fact the application process for a business credit card is largely the same as it is for a personal credit card other than a few key details that must be included with the application. Of course paying for expenses with available funds is always the financially smartest move but there are a few reasons to consider credit cards beyond coming to the rescue when you don t have cash on hand. In the life of every business person there is such an accessory as a business card. Opening a business credit card will essentially be the same process regardless of the size of your business.

Opening a credit card for your business. In other words if your business goes under with an outstanding credit card balance you re still legally obligated to repay that balance yourself regardless of the state of your business. Initially you will likely have to supply a social security number and will get approval based on your creditworthiness says jill gonzalez analyst at.