John Miller, Credit Cards Moderator
@john_miller
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
- Your Social Security Number (SSN), which is used for a personal credit check, even for business cards.
- Your Employer Identification Number (EIN) or your SSN if you’re a sole proprietor.
- Legal business name and structure: LLC, corporation, sole proprietorship, etc.
- Business contact information, including address, phone number, and email.
- Estimated annual revenue or monthly expenses.
- Ownership details: you must be the owner or an authorized officer of the business.
Many business credit cards require a personal guarantee, meaning you're personally responsible for any debt if your business can’t pay it back. That’s why personal information (like your SSN) is part of the application. Some cards designed for larger or well-established businesses may waive this requirement, but that’s less common for startups and small businesses.
People also ask
How do I get a business credit card for my LLC?
You can get a business credit card for your LLC by simply comparing offers online and applying for the best deal. LLCs are eligible for business credit cards, so you won't face any special requirements, but note that the LLC's eligibility largely depends on your personal credit profile.
How to Get a Business Credit Card for Your LLC in 4 Steps
1. Check your credit score
Your personal credit score plays a...
read full answer by Cameron DiGiovanni, WriterWhat credit score do you need for a business credit card?
You need a credit score of at least 700 to get one of the best business credit cards. Most premium business credit cards require you to have good or excellent credit to qualify for approval, though business owners with fair credit (640+ credit score), limited credit history, or poor credit can still find decent options. Essentially, business credit cards are available for all credit levels, but the best offers go to those with higher scores.
Note that...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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