Tuesday, December 23, 2008

Everyone Can Open A Business Credit Card

There are two general types of credit cards: Business and Personal.

If you are opening lots of cards for the signup bonuses, then you should sprinkle in some business cards as well, because business credit cards are better for your credit, as they don't show up on your credit report.

You should make sure to have some personal credit cards as well, because they are important for building your credit. If you only have business cards, and no personal cards, your credit report will show that you don't have any credit cards! That's not a good idea.

Many people tell me that they are scared of opening a business card, as they don't actually own a business. There is no need to worry though, even if you don't have a business, you can still open a business credit card. If you think about it, chances are that you have done some 'business'... for example, selling on eBay, negotiating a deal with someone or selling something to a friend. If yes, you're 'in business'!

The simplest way to open a business card is to use your full name as the name of your business. If the application requires a Tax ID, put down your Social Security number.
Even if you write that the business has $0 in revenue and just opened, you can still be approved for the card.

You can call the credit card companies and confirm this as well.

Relate articles:
Credit Cards With Great Signup Bonuses
Advanta Business Credit Card - How it can help your credit. Or borrow money with 0% interest!

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