The Best Business Credit Cards for Your Company

As a business owner, having access to funding is crucial for growth and success. Business credit cards are a great option for funding, offering zero interest rates for up to 15 months and no need for collateral, time in business, or income verification. However, it's important to understand the distinction between personal and business credit and the requirements for obtaining a business credit card.

Personal vs. Business Credit

Personal credit refers to your personal credit history and score, while business credit refers to the credit history and score of your business. To obtain a business credit card, you must have a legitimate business, which includes registration with the state, IRS, and a business address, email, and phone number. Your business credit is reported to three major credit bureaus: Experian, Equifax, and Dun & Bradstreet.

Misconceptions Around Personal Credit Scores

There are common misconceptions around personal credit scores and how they affect business credit. For startups, personal credit scores are often used as a compensating factor when evaluating risk. However, personal credit scores are not the sole determining factor in obtaining business credit. Lenders also consider other factors, such as the age of your business, revenue, and industry risk.

Importance of Income

Income is an important factor when applying for business credit. Lenders want to ensure that you have the ability to pay back the funds borrowed. Even if you have a great personal credit score, a lack of income can hurt your chances of obtaining business credit.

Best Business Credit Cards

Here are some of the best business credit cards on the market that offer zero percent interest rates, continuous access to funds, and no report on personal credit score:

1. Chase Ink Business
2. US Bank Triple Cash Rewards
3. Amex Blue
4. Chase Blue Plus
5. Citizens Bank

To obtain these cards, you only need a decent personal credit profile, with no time in business or proof of income needed. These cards offer a great way to fund your business without worrying about high interest rates or time constraints.

Conclusion

In conclusion, having a business credit card can provide your company with the necessary funds for growth and success. Understanding the difference between personal and business credit and the requirements for obtaining a business credit card is crucial. The best business credit cards on the market offer zero percent interest rates and continuous access to funds, with a decent personal credit profile being the only requirement. If you're looking to fund your business without worrying about high interest rates, consider applying for a business credit card today.

Invest in Yourself with Broker Solution's Career-Focused Courses

Are you ready to take control of your financial future? At Broker Solution, we offer three courses designed to help you achieve your goals. Our courses include the following:

• Broker Solutions Academy: In-depth training for those interested in becoming a business loan broker. We provide you with the tools and knowledge necessary to become a successful business loan broker, including access to industry professionals, comprehensive training materials, and ongoing support.
• Credit Consulting Academy: This comprehensive course is designed to teach you how to help yourself and others improve their credit scores. You'll learn how to analyze credit reports, identify areas for improvement, and implement strategies to help clients achieve their financial goals. In addition, you'll also learn how to fix your own credit and start your own credit consulting agency. This course provides you with the knowledge and tools necessary to help you achieve financial success while helping others do the same.
• Unsecured Business Lines Academy (DIY): This course is for those interested in securing unsecured business lines of credit on their own. You'll learn how to navigate the lending landscape and gain access to funding sources that can help you start or grow your business.

Our courses are designed to help you start a new career or improve your financial health. Join us and start building a better future. Contact Broker Solutions today!