![]() ![]() Airline Rewards: In exchange for making purchases, some credit cards offer an airline miles program that can save you money on travel.Here are two of the most common forms of rewards for business credit cards: Business credit cards offer benefits geared toward business expenses. Most credit cards offer rewards to their members that can serve as a key selling point to cardholders. Businesses with a history of missed payments or late payments will have limited options when applying for a business credit card. If you are applying as a startup business, you will need to provide your personal credit score as proof that you and your business are good candidates for a business credit card. Your existing credit score is a big factor in whether a credit card company will accept your application. Most banks will look at more than just your business type when considering whether or not to approve you as a cardholder. ![]() Learn more about getting an Employee Identification Number (EIN) for your LLC before you apply for a business credit card. A sole proprietorship can even apply for a business credit card with a Social Security number instead of an EIN. Most for-profit businesses are eligible for business credit cards whether they’re existing businesses, startups, or self-employers. Regardless of your business and its size, a primary qualification for a business credit card is an “authorized officer.” An authorized officer is a member of the company, oftentimes an owner, who is legally allowed to enter into borrowing arrangements with a financial institution. Rewards: Depending on the business credit card you choose, you can enjoy different rewards that can help your business grow.įind out more about why your business needs its own credit card here.This can prove helpful if you decide to take out a loan or lower your interest rates. Stronger Credit: By using a business credit card responsibly, your business can establish a solid credit score.This is especially important for freelancers and contractors. Flexible Finances: If your business needs to make a large purchase but does not have a lot of stored funds, a business credit card can help finance that purchase. #Divvy credit card professional#By using a business credit card for your professional charges, you can better organize your tax-deductible expenses come tax season.
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