What Credit Score Do You Need To Get A Business Credit Card?

August 12, 2024 By: Stephanie H. - CreditMonarch Online Writer0 comments

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When it comes to being approved for a credit card, credit card lenders take into account your personal credit file. When applying for a business credit card, it’s advisable to have the best credit possible. However, there are some options that are accessible to those who have lower credit scores. If you have a lower credit score, you may receive a lower credit limit and higher interest rates to start off. There is potential to earn a credit limit increase over time as you show yourself as a dependable borrower with consistent on-time payments.

To get approved for a business credit card, you’ll likely need the following:

• A good or excellent credit score
• Personal or business income that reflects the ability to pay your credit card bill

Use your business credit card for business expenses only. If you are a startup company, you may experience little or no revenue. Fortunately, if your personal credit is good, you may still be able to get approved for a credit card despite your startup company being pre-revenue. If you have no revenue yet, simply place $0 where your application requests business revenue when you initially apply.

Your other sources of income and how well you interact with them will be taken into account by numerous banks. For example, if you’ve had a personal checking account with your bank for over ten years and decided to apply for a business credit card, you may be more likely to get approved. Apply for a business credit card and take advantage of $0 annual fees, cash back rewards and points for hotel and travel. Don’t miss out on these great perks that a business credit card offers. We believe these are the most popular business credit cards in August 2024. You can choose business credit card from the recommended list below.

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• Business Credit Card