Can I get a business credit card with no business income? The Employer Identification Number (EIN) is a nine-digit tax identification number, similar to a Social Security Number or Individual Taxpayer Identification Number (ITIN), but mostly used by businesses. Capital One is very explicit about that as one of their factors when reviewing a business credit card application. You can get a full overview of the rewards program here. It can also be helpful if you want to accept payments from clients or vendors and dont want to reveal your personal Social Security number. Editorial Note: We earn a commission from partner links on Forbes Advisor. To qualify for the U.S. Bank Business Platinum Card, you must have a startup business with an Employer Identification Number (EIN). The bottom line is if you want no introductory APR, no annual fees, and great rewards without having to deal with your personal or business credit scores entering the equation and no personal guarantee, Divvy is an excellent choice and a great option for spend and expense management. Note: Issuer policies may change so always be sure to review your cardholder agreement and ask questions if this is important to you. It is hard to find a business credit card that does not require you to provide your Social Security number or a personal . Managing your business credit card can help build a credit record that can allow you to qualify for other forms of financing in the future. The Essentials Of Careful Financial Planning How To Start Developing Sustainability In You Free business lounge access around the world, Manage limits and employee cards from the app, NMLS License: Salas & Company LLC #2186459, CFL License: Salas & Company LLC (DBA Camino Financial) #60DBO-43053. As the name implies, these are usually issued by fuel companies to fill up your business or fleet vehicles with gas. Rewards credit cards let you earn cash back rewards and/or travel rewards for eligible purchases. When you apply for a business credit card with an EIN only, your personal credit won't be a consideration. Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. The best way to get credit is to improve your credit score through responsible credit use. This gives you a birds-eye view of your small business finances and lets you maintain tight control of each purchase. However, you can still effectively separate your business and personal finances, as well as business and personal credit histories, by using a dedicated business credit card that doesnt report to personal credit as long as you pay back what you borrow. Because Capital One reports to both business and personal credit bureaus, you can damage both your personal and business credit scores if you spend irresponsibly.
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