John Miller, Credit Cards Moderator
@john_miller
You should use your EIN (Employer Identification Number) when applying for business credit. That’s because doing so helps keep your personal and business finances separate, simplifies tax reporting, and allows you to build business credit - which makes it easier to secure business loans in the future.
That said, most business credit cards and lenders will still ask for your SSN because they require a personal guarantee. This means that even if your business has an EIN, your personal credit may still be considered during the approval process. Relying solely on an EIN is usually reserved for larger, established businesses that can qualify for credit without personally backing it.
People also ask
What do I need to open a credit card for my business?
To open a credit card for your business, you’ll need to provide both personal and business information on the application, including your SSN or ITIN, EIN, business name and structure, revenue and contact details. As the name suggests, you do need to have a business, but that doesn’t necessarily mean you need to form an LLC or corporation. Sole proprietors, and other informal business types can also apply.
What You Typically Need to Open a Business Credit Card
... read full answer by John Miller, Credit Cards ModeratorHow can I get a business credit card for my LLC?
To get a business credit card for your LLC, start by comparing offers online, then apply for the best deal. LLCs are eligible for business credit cards, so you don't need to do anything special, though it is important to note that your eligibility largely depends on your personal creditworthiness. So, if you have a good credit score personally, you can compare business credit cards that require good credit.
How to Get a Business Credit Card for Your LLC...
read full answer by Cameron DiGiovanni, WriterDid we answer your question?
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