How To Open A Business Credit Card
Have a positive credit history. Compare business credit card offers to find the best one for you.
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Have a small business with an intent to make a profit.
How to open a business credit card. Open a Business Credit Card. Have a Social Security number. Be at least 21 years old or 18 with either a parents permission or a verifiable source of income.
Because youll likely start small and then expand your business reach to other states. Know your credit score so you know which cards you qualify for. Like a consumer credit card.
Separate Business and Personal Expenses. Small business credit cards provide business owners with easy access to a revolving line of credit with a set credit limit in order to make purchases and withdraw cash. Fill out application with your business name and EIN or your name and SSN.
And if you want to start a credit card company that focuses on creating private label credit cards for small businesses you need to establish whether the businesses youre targeting will embrace the idea. Here are 5 steps to qualify for a business credit card. Have a source of income.
Or call for reconsideration if rejected. What Do You Need To Qualify For A Starter Credit Card. In general though you want to start a credit card company in a city with a thriving financial services market.
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