You should evaluate your credit history yourself before applying for a business credit card so you can get an idea of what lenders will see. This step is particularly important if your business doesn’t have a long credit history.
Creditors will also ask for detailed information about your company’s revenue and expenses. Providing as much documentation as possible will help you get the best terms possible.
To get the card that meets your needs, review your business spending and compare several cards based on their fees and interest rates, bonus rewards, redemption options, ongoing benefits and welcome offers. For example, if you travel often, you may want a card that offers lost baggage and car rental insurance.
Requirements for a business credit card
Most applications can be completed online in a couple of minutes. Here are some details you’ll likely need to provide during the process:
- Legal name
- Date of birth
- Social Security number
- Home address
- Email address
- Phone number
- Annual income
- Business name and contact information
- Number of employees
- Business type and category
- Legal business structure
- Employer identification number (EIN)
- Estimated revenue
- Monthly expenses