How To Get Approved For Business Credit Card
Doing any type of yard work or maintenance selling items on eBay and tutoring are all activities that qualify you as a small business owner. Here are 5 steps to qualify for a business credit card.
Have a small business with an intent to make a profit.
How to get approved for business credit card. And sometimes it just takes a little longer for the application to get approved two to four weeks on average. Httpbitly2YWA8YQ My Top 10 Credit Cards. If you do anything outside your regular day job for profit you can qualify for a business credit card.
Thats because they already have most of your information on file. Compare business credit card offers to find the best one for you. The age of your business has nothing to do with the decision.
Submit your application and wait for approval. I normally recommend calling the reconsideration line immediately but with business credit cards you may have a better chance of getting approved if you wait it out. A secured business credit card has definite approval making it the easiest business credit card to get approved.
The thinking behind not calling the reconsideration line is that you still have a chance to get auto-approved within the system. Sole proprietors can qualify for business credit cards just like any other businesses. Small-business credit card revenue and income.
Address and phone number. Prepare the necessary business credit card requirements and fill out an application. Once approved you can expect to receive your business credit card within 5 to 7 banking days via registered post mail.
If you dont get approved on the spot theres no reason to panic it happens quite often with business cards. Basically there are two types of business credit cards. What are the Requirements for a Business Credit Card.
If you applied online most credit card companies will mail your card within seven to 14 business days. You can be a startup venture and not have any revenue and still get approved for a business card albeit your chances of approval may be a little lower because of the risk the credit card company sees in lending money to a startup. Business credit cards for bad credit are an option for new or established business owners looking for the convenience of a credit card and want to bolster their personal scores.
HttpbitlyJungyBestOffersClick Show More to see Ad Disclosure Free stoc. Apply for New Cards with Your Bank If you already have a relationship with a bank or credit lending institution your approval process will usually be the quickest by applying again through them for a new business credit card. What else is required to apply for a business credit card.
Check your credit score to determine what cards youll likely qualify for. Provide the address and phone number for. Explore your options and decide which business credit card is right for you.
Wait for your business credit card in the mail and use it wisely If youve been approved all you need to do is wait for your card to arrive in the mail. Even hobbyists that sell at craft shows qualify for small business credit cards. Upon submitting your business credit card application online you should be able to get a response within the same day.
Simply put if you plan on making a profit and you have good credit youll most likely qualify. If the bank wants more information theyll mail you a letter. Know your credit score so you know which cards you qualify for.
He used his good credit with the roofing distributor as a reference to help him get approved for a higher limit on his small-business credit card. Once you receive your business card activate it and start using it wisely. Top Business Credit Cards.
You can get a business credit card even if you are only in the planning stages of launching your business. But the credit cards that offer the best rewards are generally reserved for the most creditworthy applicants. This is because as you apply for one you are promising collateral to guarantee the line in the form of a security.
The secured and unsecured.
