⏰ Estimated read time: 4 minutes
1. Research and choose a business credit card
2. Gather your application information
- Tax ID number: If you don't have a separate tax ID for your business (and many entrepreneurs don't), you can use your Social Security number.
- The business's name: If your new business has a legal name, put it here. If not, put down your own name instead.
- The legal structure/entity type: Sole proprietorship, corporation, partnership or LLC.
- Business address and phone number: Use your home address and personal phone number if you don’t have a separate business line or location.
- The date you started your business: This one is pretty straightforward.
- Total annual revenue for the business: Use your gross annual revenue (earnings before deducting expenses and losses) from the previous year. If your business doesn't have any revenue yet, simply put $0 on your application.
- Type of industry: This is "what you do" in your business, such as transportation, construction or general services, for example.
NerdWallet rating 5.0/5.0 | NerdWallet rating 4.8/5.0 | NerdWallet rating 4.4/5.0 |
Annual fee $0 | Annual fee $0 | Annual fee $0 |
Regular APR 17.99%-23.99% Variable APR | Regular APR 17.99%-23.99% Variable APR | Regular APR 17.99%-25.99% Variable APR |
Intro APR 0% intro APR on Purchases for 12 months | Intro APR 0% intro APR on Purchases for 12 months | Intro APR 0% intro APR on purchases for 12 months from the date of account opening |
Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
at Chase | at Chase | at American Express |