Getting A Business Credit Card

Credit cards for business use typically have a few features that personal credit cards dont including higher credit limits more travel perks and higher limits on the free insurance you get.

Getting a business credit card. 1 Access to Cash Flow and Financial Flexibility Ample cash flow is typically a key priority for business owners regardless of the size of the company. Getting a credit card for business use is one way to make that distinction. That in turn means you must have a business that is a separate legal entity from you.

Start building credit for your business Small business credit cards are an easy way to start building credit for your business so you have the credit when youre ready to take your business to the next level. If you applied online most credit card companies will mail your card within seven to 14 business days. Getting a business credit card can bolster your companys buying power and depending on the card offer a host of benefits from airline miles and travel perks to cash-back rewards and higher credit ratings.

For this to happen though. Sole proprietors can qualify for business credit cards just like any other businesses. Finally an added incentive for getting and using a business credit card is the potential to earn rewards.

The primary reason to get a business credit card is to help you keep your business and personal expenses separate which is important for filing taxes. You might also consider a secured credit card. It is a number assigned to a business and acts similarly to a Social Security number meaning you can use an EIN to apply for a business credit card that can help build your business credit.

There are several reasons to get a business credit card. Citis small business credit cards help you manage your finances making the distinction between your personal and professional purchases. Some of the primary benefits of having a company card can include.

In fact when applying for a business credit card there will be a section asking what kind of business you own and requesting your business tax identification number. To get a business credit card you must provide your Tax ID Number TIN or Employer ID Number EIN along with your Social Security number on the business credit card application. While adding another credit card to your wallet may seem like just another account to keep track of it can actually save you lots of time and headache.