The base rate earnings are slightly lower than some other cards, but you could make up for that if you book a lot of travel through Capital One for elevated earnings. It also doesn’t charge foreign transaction fees, making it a good choice for international trips (rates & fees). For starters, applying for a business credit card could be an excellent decision. When you’re ready to apply for a business credit card, you can make the application process a little easier by gathering some information in advance. Our step-by-step guide to applying for a business credit card can help you do this.
Revenued Fees
- Those cards are usually called “corporate cards” and they will typically not extend credit to sole proprietorships.
- More often than not, business credit cards will run your personal credit history during a small business card application.
- Business credit cards can help you take the next step on your business journey as you begin to separate your business and personal expenses.
- Another potential drawback is the possibility of personal liability for business debt.
- Check out the Chase Auto Education Center to get car guidance from a trusted source.
- To apply for a business credit card as an LLC, you must be the owner of the LLC or your name must be included in the operating agreement.
These credits cover a wide range of expenses, such as a $300 annual travel credit and a $400 ZipRecruiter hiring credit. Separating business spending from personal spending can save owners a significant amount of bookkeeping time. This proves particularly useful for periodic accounting, applying for a loan, and during tax-filing times throughout the year. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
American Express Blue Business Cash: Best Business Credit Card For 0% Intro APR
If you haven’t already done so, now would be a good time to compare the best business cards to decide which makes the most sense for your needs. Once you’ve decided which card you want, you can likely submit your application online. Yes, you can use an EIN to apply for a credit card, and, in some cases, it may be necessary. Many issuers require an EIN for corporations or other types of businesses to apply, even if they accept a Social Security number for sole proprietors. There are several ways you can maximize the value of your business credit card. Usually, you what is a business credit card just need to prove you have a legitimate income-generating activity.
- Once you receive approval, you may have access to a virtual card to use while waiting for your physical credit card to come in.
- Cardholders earn unlimited 1.5% cash back on purchases in the form of valuable Chase Ultimate Rewards® points that can be redeemed for cash, gift cards, travel, and shopping.
- You can also check out our list of best credit cards for alternative options.
- You’ll also get 200,000 points when you spend $15,000 within the first 3 months.
- These cards aren’t just about covering daily purchases—they can also help you separate personal and business expenses, earn rewards on everyday transactions, and access higher credit limits to keep your business running smoothly.
- For example, many people with one or more Chase consumer credit cards gravitate toward the best Chase business credit cards because it’s easy to pool rewards between business and personal accounts.
- Business credit card applications also ask for your personal information, including your social security number.
Compare Bankrate’s top small-business credit cards
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Capital One Spark 2X Miles
The Ink Unlimited earns 1.5% back on all purchases, but you can redeem these as transferable Ultimate Rewards points if you have other eligible Chase credit cards, such as the Chase Sapphire Preferred® Card. Freelancers, those with a side hustle, newcomers to points and miles and those with varying expenses will love this card and the fact that it doesn’t require tracking any bonus categories to maximize earnings. Instead, its flat earning rate provides value on all purchases without an annual fee required to unlock its full potential. If your expenses are spread across many categories, you may prefer a card that earns a flat rate on all purchases. This is a good option for business owners who prioritize earning cash back rewards over points and How to Invoice as a Freelancer miles and who don’t want to deal with the hassle of tracking bonus spend categories.
