How to get a business credit card with no business.
Are you skeptical yet?
I know I was.
But it is absolutely true.
It's completely obtainable.
And I'm going to show you exactly how to do it, step by step.
Let's go.
So, when it comes to business credit, let me quickly explain to you the big difference.
So, the business credit is much different than personal credit.
As many of you are already aware, we have personal credit reports now.
When it comes to personal credit, there are 3 different credit reporting agencies.
We have Equifax, Experian and Transunion.
They will report all your personal debts that you have such as your automobile loan, your
car note, for example.
A mortgage if you have one.
Student loans and any personal credit cards that you have.
But the thing is when it comes to personal credit, it can get very difficult when you
start using your personal credit cards especially when you're using them to build your business.
As you know, when you start using your personal credit cards and you start to increase your
balances and they start to go close to the limits, your credit score will drop.
So, if you have credit card and you completely paid it off, you've never used it and it's
on your credit report right now with the zero balance.
That's an awesome thing.
But as soon as you start using that credit card, your credit score is going to change
especially if you start to put that balance too close to the limit.
I found this out the hard way.
I literally started using my credit cards to pay for some Google ads, to pay for some
Facebook ads.
Basically to grow my business.
And my personal credit score nearly drop 200 points.
It was devastating.
I have worked really hard to get my credit score back up after finding myself in my parents'
basement bankrupt with foreclosures.
I actually pulled myself out of that situation and fix my personal credit and then started
building my business.
But my biggest mistake was I didn't build business credit.
So, let me tell you the difference and how you can take advantage.
The best thing about business credit and business credit cards is they don't report on your
personal credit report.
So, let me talk to you about business credit.
Again, there are 3 separate bureaus just like your personal credit.
You have Equifax business, you have Experian business and you have Dun and Bradstreet.
Dun and Bradstreet being the major business credit reporting agency at this time.
And the one that you really want to start with them work on because that is the one
that most companies will look at and that they recognize.
But the great thing about it is you can literally start getting business credit cards and start
transferring your personal credit cards or some of your personal debt onto your business.
That is such a secret.
I'm going to tell you exactly how to do it.
In fact, if you're loving this and you really want to know, make sure you click that like
button.
Make sure you subscribe to my channel and click that notification bell so you don't
miss any of this content because I share with you all of the secrets and I don't leave out
anything.
So, business credit cards will allow you to actually use those credit cards as much as
you please and you'll actually be rewarded for it in the business credit world.
So, like I said, in the personal credit world, if you start using your credit cards, your
personal credit score will be affected in some way.
Usually, you will lose points as you start using those credit cards a lot.
But in the business credit world, if you start using your business credit cards and you pay
those credit cards on time the same way that you do with your personal credit, you're actually
rewarded and they will increase your limits way more than they ever will in the personal
credit world.
And that's because businesses need credit to grow.
And so, if you use your credit and you pay it on time, in the business credit world,
you are rewarded for this.
They will literally give you better credit scores because you can manage your debt.
And the personal credit world, you are not rewarded the same way.
Literally, you will also get more limits in the business credit card world.
For example, with business credit cards, I can have a credit card and I'll get $25,000
immediately as where I probably would only get like 5,000 in my personal credit cards.
Literally, I have found that it is 5 to 10 times higher in the business credit world
than it is in the personal credit world.
Just because businesses need credit and funding to grow their businesses and that is where
most of the money is and why they will reward you if you get those credit cards and you
pay them on time.
So, now let's get into how you're going to do this without an actual business.
Well, like I said, you don't actually have to have a business that's up and running.
You don't need a store.
You don't need really anything.
You really can actually be a contractor, okay?
You can drive Uber for example.
Things like that and you can qualify for business credit.
Because that is a business and you are an independent contractor.
But what I'm going to suggest to you is going to unlock hundreds of thousands of dollars
in business credit funding.
You want to go ahead and actually set up a small business.
Like I said, you don't need to show profits, have revenue, you don't need a building.
You don't need inventory.
You don't need sales.
You don't need a lot of customers.
Like your really just need to have a business on paper.
So, go ahead and name your business.
Get an LLC and S corp on a C corp.
Essentially, register the business with the secretary of state.
Get an EIN number.
And this is completely free.
You can get your employer identification number or the EIN number from the IRS for free.
Just go to IRS.gov.
Once you do this, the EIN number is almost like your social security number and that
will identify your business.
And that is what you will use to get business credit cards.
So, there you have it.
Now, you have the exact way to get a business credit card without really having a business.
You literally can do this in just a day.
So, make sure you watch all of my videos.
I've made a ton of videos that teach you all about your business credit and how to build
it quickly.
In fact, I'll put a link below.
Go ahead and like this video.
Go ahead and subscribe to my channel.
Click that little notification bell so you don't miss any of this content.
I want to make sure you have all the resources, all of the tools and all of the knowledge
that you need to be successful in your business just like I am.
This is Noelle.
To your success.