In the world of business, it is essential to have your own credit card! But what if you want to get a credit card without owning a big business?!
The plan is simple, you can opt for a business card if your business is self-owned, a small one, and you direct it from your own home.
We will get to explain more in this article, we will lead you on how to get a business credit card without a business!
How to Get a Business Credit Card Without a Business: Overview on Credit Cards
To start with, let us have a quick overview on credit cards!
Credit Cards are cards you use to pay for or buy anything when you do not have the money available in your bank account.
It is simply like you are borrowing the money from the bank and you will have to give it back later as the money is not yours in the first place.
There is “Build Credit History” feature when you use a credit card. Interest rates should be paid if you are late in giving the money you borrowed back.
When you use your credit card, you can be limited for any fraudulent purchases. There are fees when you use your credit cards, like: late repayment fees and foreign transactions fees.
How to Get a Business Credit Card Without a Business: How-To
If you are wondering how can you get a business credit card without having a business, it is very simple indeed!
You can apply for a business credit card if you provide any freelance or work from home services.
If you are a freelancer, you work independently, and you provide any services by working remotely or from home, you can easily apply for these cards and we recommend you do so for many reasons we will be discussing later!
How to Get a Business Credit Card Without a Business: Requirements
When you apply for getting a business credit card, you will need to provide the below details:
- Your Full Name.
- Your Business Name.
- Your Business Address.
- Your Business Email Address.
- Your Business Phone Number.
- Your Business Type.
- Your Business Income.
- Other details like: number of employees and years of experience.
How to Get a Business Credit Card Without a Business: Types of Approved Businesses
Below are simple examples of the work types that make you eligible for applying to get a business credit card without a business:
- Freelance Services.
- Selling and Reselling Services.
- Delivery Services.
- Tutoring Services.
- Consultation Services.
How to Get a Business Credit Card Without a Business: Valid Reasons to Get a Business Credit Card
Below are some of the reasons that can convince you to apply for a business credit card instead of using a personal credit card:
- Benefit from the rewards:
When you apply and use business credit cards, you can enjoy and benefit from the rewards system offered by using the card.
These rewards are offered on business credit card and can provide limitless options.
- Keep your personal credit card personal!:
It is recommended by financial experts to separate your earnings and cards.
Meaning, do not mix your personal cards and accounts with your business accounts to avoid taxes and fees and enjoy rewards and facilities of use.
- Enjoy business credit cards score:
It is important to work on building good business credit card scores and this can only be done when you apply for and use a credit card that is dedicated for your business only.
In this article, we have walked you though an overview about credit cards, business credit cards requirements, how to apply for a business credit card, what jobs are eligible for having business credit cards, and why it is important to use a business credit card for your own business.
We hope you find all these details useful. Enjoy the world of business credit cards now!
