Chip Lupo, Credit Card Writer
@CLoop
Yes, you can get a business credit card with no revenue in some cases, and you should simply enter $0 in the revenue field on the application form. Business credit card issuers also consider your personal income, so there will be a space for that on the application, too, and it could make up for a lack of revenue. Your personal creditworthiness is very important because most business credit cards require a “personal guarantee,” where you agree to pay back any debts the business cannot.
Key Things to Know When You Apply for a Business Credit Card With No Revenue
You may include personal income on your application.
Any income that you earn – such as salary and wages from your job, interest/dividends from investments, or government benefits – is considered personal income and can be entered in the personal information section on a business credit card application.
There will also be a business revenue section, where you can just put $0 (or any number if you have even a small amount of revenue). Don’t put your projected revenue, though. Put what you actually make.
Income requirements depend on your age.
If you are 21 or older, you may report shared household income on the application. Applicants who are 18 to 20 years old must provide independent proof of income or have a co-signer. Issuers will need income information to determine whether you can afford to make the minimum payment every month.
List all income on the application accurately and truthfully.
Knowingly entering false information on a credit card application is illegal and may result in fines and even several years in prison.
Your personal credit history matters.
Before you apply for a business credit card, you should check your credit score for free. Most issuers will take your personal credit history into account when reviewing your business credit card application.
Most business credit cards will require a personal credit score of at least 700 for approval, though there are some options for people with lower credit scores. For example, you might be able to get a secured business card with bad credit.
Notable Business Credit Cards
- Rates & Fees High Initial Bonus: Capital One Spark Cash PlusLearn MoreLearn Moreon issuer's website
- Rates & Fees High Initial Bonus: Capital One Spark Cash PlusLearn MoreLearn Moreon issuer's website
- High Initial Bonus: Capital One Spark Cash PlusLearn MoreLearn More
- Best for Startups: Capital One Spark Classic for BusinessLearn MoreLearn More
- Best for Startups: Capital One Spark Classic for BusinessLearn MoreLearn Moreon issuer's website
- Best for Startups: Capital One Spark Classic for BusinessLearn MoreLearn More
- Cash Rewards for Business: Ink Business Cash® Credit CardLearn MoreLearn More
- Cash Rewards for Business: Ink Business Cash® Credit CardLearn MoreLearn Moreon issuer's website
- Cash Rewards for Business: Ink Business Cash® Credit CardLearn MoreLearn More
- Rates & Fees Travel Rewards for Business: Ink Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Travel Rewards for Business: Ink Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website
- Travel Rewards for Business: Ink Business Preferred® Credit CardLearn MoreLearn More
- High Initial Bonus:
- Best for Startups:
- Cash Rewards for Business:
- Travel Rewards for Business:
The right business credit card can help you get your startup off the ground with rewards and/or a 0% introductory APR. But before you apply, check out our editors’ complete picks for the best business credit cards to compare offers for a wide range of credit levels.
Updating Your Revenue After You Get a Card
While you can get a business credit card without revenue, hopefully you’ll eventually start to make some money. When you do, you should report your revenue to your credit card issuer by updating your profile in your online account or calling customer service. That might help you get a credit limit increase.
You can learn more from WalletHub’s in-depth business credit card guide.
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