Search

News Feed

3 Ways To Get Approved For A Business Credit Card

0 like 0 dislike
41 views
Posted by Tomatoad

charts-925810__340.jpg

If you run your own business--whether it's a retail store, direct sales, hobby shop or freelance consulting--chances are you've thought about getting a business credit card. It's probably a good idea, since it makes it easy for you to separate your business expenses from your home expenses, a task that helps keep your paperwork organized and simplifies things at tax time. When you're ready to apply for a business card, follow this checklist:

1. Choose a card

Some cards offer special deals, financing or rewards for small business owners. For example, some rebate cards offer you a percentage back on everything you buy at a certain store, like a warehouse store or online store. Other cards offer cash rebates when you spend at supermarkets, gas stations or home improvement stores. If you travel often, a frequent flier or travel rewards card might get you the best and biggest bonuses. Choosing the right reward card--depending on the type of business you operate and the expenses you incur--can mean extra money in your pocket all year long.

2. Gather up paperwork

You'll need basic information about your company's financial situation, including the name of your business, the tax identification number, the business address, the number of years you've been an owner, the number of employees, the nature of the business, the business' average annual income, and the amount in the business' checking account. You'll also need to know the legal entity of your business, such as whether it's a sole proprietorship, a corporation, a partnership, a non-profit, etc.

3. Fill out the application

You can find applications for almost all business credit cards online, although in most cases you can also call and apply over the phone (a good idea if you have any questions). Depending on your credit rating, you may have to provide extra documentation of your business' current financial status, so be prepared to mail or fax information if requested. After you fill out the application, approval can take anywhere from thirty seconds to a month.

To find business credit cards online, do an Internet search or check the websites of major credit card companies.

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
0 comments 48 views
0 like 0 dislike
0 comments 25 views
0 like 0 dislike
1 Comment 53 views
0 like 0 dislike
0 comments 50 views
0 like 0 dislike
0 comments 45 views
0 like 0 dislike
1 Comment 54 views
0 like 0 dislike
0 comments 18 views
0 like 0 dislike
0 comments 101 views
0 like 0 dislike
0 comments 33 views
0 like 0 dislike
0 comments 43 views
0 like 0 dislike
0 comments 47 views
0 like 0 dislike
0 comments 46 views
0 like 0 dislike
0 comments 67 views
0 like 0 dislike
0 comments 63 views
0 like 0 dislike
0 comments 62 views
0 like 0 dislike
0 comments 57 views
0 like 0 dislike
0 comments 53 views
0 like 0 dislike
0 comments 41 views
0 like 0 dislike
0 comments 35 views
0 like 0 dislike
1 Comment 54 views
0 like 0 dislike
0 comments 41 views

Share Tips and Guides

Add text, links and images 

Submit Post

626 posts

196 comments

0 comments

10,198 users

girl-791177__340.jpg

sport-562154_960_720.jpg

vegetables-2268682__340.jpg

office-620817__340.jpg

kittens-555822__340.jpg

victoria-memorial-2394784__340.jpg

media-998990__340.jpg

Connect with us:
...