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How to Get a Business Credit Card

Home > Financial Resource Center Home > Auto Buying > How to Get a Business Credit Card
Home > Financial Resource Center Home > Auto Buying > How to Get a Business Credit Card

A business credit card is a financial tool small business owners should seriously consider. Unlike cash-on-hand, a business credit card gives you increased purchasing power to finance purchases your company needs, potential sign-up bonuses and rewards, and more detailed bookkeeping features, which is always helpful come tax time. And a business credit card will likely have a higher credit limit than a personal credit card—and it’s always a smart move to keep personal and business finances separate, anyway!

The financial and operational benefits that come with a business credit card shouldn’t be overlooked. Here’s a quick overview of how to apply for one for your small business.

Requirements for getting a business credit card

To apply for a business credit card, you’re not required to have a certain business structure, like an LLC or S Corp.—you can be a sole proprietorship and apply for a card! This makes the financial tool of a business credit card available to those who freelance, do contract work, or run a side hustle.

Each lender will have their own list of requirements to apply for a business credit card. However, almost all of them will ask for your personal and business credit reports. If your business doesn’t have its own credit report yet, that’s okay! The lender, or card issuer, will then require a personal guarantee, which makes you personally liable for any balance or outstanding debt owed if your business can’t pay it.

Before you begin applying for cards, it’s smart to have this information already gathered and easy to find:

How to apply

There are actually a few more steps before you start applying for cards, and they could affect when you apply.

First, check your personal credit report, correct any errors, and improve your score as much as possible through good credit-building habits like making all bill payments on time and charging a low percentage of your total overall credit limit each month. You can access your report for free once a year from each of the three credit bureaus (Experian, Equifax, TransUnion) or by visiting AnnualCreditReport.com.

The second pre-step to applying is to research your options. Consider your business needs—if saving money is most important right now, look for a card with no annual fee and a low interest rate; if you would benefit more from rewards like airline miles or discounts on hotels, find a card with those benefits.

Here are other factors you should consider:

Remember to look for a business credit card from your local credit union.

Important Numbers

Call Toll Free
800-633-2848 (available 24/7)

Credit Card Cardholder Services:
800-633-2848 (available 24/7)

Debit Card Fraud Center:
International Lost or Stolen Card: 727-227-9012

After hours Lost or Stolen Card: 800-754-4128

Members traveling or who reside outside of the US: 727-227-2447

Routing #322276088