Hello this is Ty Crandall with credit suite and in this short video we’re going to talk
about exactly how you can get
business credit cards there are a lot of different types
of business credit cards are available today the easiest way to see the main
difference between them is to know that some require a personal credit check
and guarantee for approval and dome don’t, the ones that do require this
usually also require very good credit for approval,
there are some subprime cards that don’t require good personal credit but limits
are very small typically
on those carts. Unsecured business financing is a very popular type of
financing
often used by start-ups and companies that don’t have financials,
with this loan program a lender can actually help you get approved for
5 business credit cards for your business all of which are equal to the
highest limit credit card that you have on your consumer report
right now and these accounts report to the business credit reporting agencies and
they often come
with 0% interest rates from 6 to 18 months,
but these types of accounts do require good credit,
you need to have a 680 or 700 type credit score higher
and again you will have a personal guarantee because these cards are based
on your personal credit now you can also get personal guarantee card from many
top banks.
Chase is one of the top issuers of business credit cards American Express
is another a simple Google search for top business credit cards will reveal
some of the best
cards out there they also give access to the most
amount of points we also have a whole other video on our YouTube channel
about business credit cards that detail a lot of those things for you also,
now these cards do require very good credit for approval
just like the unsecured by business financing program I just showed and
you got to be careful to choose wisely most issuers will only approve you with
you have 5 inquiries or less
on your consumer credit, so you can also secure
true business credit that’s linked to your EIN
not your Social Security Number, this business credit you can get store
revolving cards
with and Visa, Master Card, American Express,
so just like you could build consumer credit you can also build
your business
credit that’s linked to your EIN and get store revolving cards at places like Walmart,
BP, Chevron, Sams Club,
Best Buy and most other retailers you can even get Visa, Master Card and
American Express accounts,
and no personal guarantee or consumer credit pull
is required for approval, first
you need your business set-up correctly so you need to make sure that you have
legitimate business address a legitimate business phone number, website,
e-mail everything you put on the application needs to tie back to a real
business
then you get approved for vendor accounts
these are starter accounts at places like Quill
and Uline companies that will give you initial credit even if you have
non reported now and no business credit profile was established.
Once you have 5 of those accounts reported which takes 90 days or less,
next you can start getting real store credit accounts
at those major stores I mentioned and you can also get
Visa, Master Card accounts, so I hope you enjoyed this short video on
business credit cards the important thing to know is this
when it comes to business credit cards with good limits you’re going to need to
have good personal credit
or you’re going to need to dive in and start building business credit that’s
linked to your
EIN not your social and with business credit you can get approved
regardless a personal credit quality cause you won’t even include your social on
the application
which means no matter what’s on your personal credit it will not affect
your ability to get approved for store and cash business credit cards,
so go ahead and like this video and make sure you subscribe to our channel,
on our channel we have many our long webinars and videos will be
go through exactly how to get business credits cards we map out the best
cards after the ones that give you the most points
we mapped out once require good credit one’s that don’t required a good credit
most importantly we mapped out step by step how you could build credit to your
EIN so you can get a lot of credit without taking on the personal liability
also make sure you click
to grab the free guide that’s being offered on this video that also helped
give you access to
some crucial steps
to helping you get best business credit cards.
So again this is Ty Crandall this video was intended to be short but make sure you
check out our
hour long videos we map all these things out for you
I really look forward to seeing you on the next video.