Can I Get a Business Credit Card Without a Business
Can you get a business credit card without an EIN?
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Earning welcome bonuses and ongoing rewards from the top business credit cards is an excellent mode to grow your miles, points and cash-back balances to get you closer to your financial and travel goals. Because these welcome offers can be very enticing and valuable, we become lots of questions regarding how to qualify for small business credit cards — 1 of the most frequent being whether yous need an EIN (Employee Identification Number) to employ for a business card.
Here'due south what yous need to know:
Do you need an EIN to apply for a concern carte du jour?
Like a lot of our readers, many of the Million Mile Secrets writers have side gigs like reselling items on eBay or offering resume writing expertise. I own a vacation property that I rent on a short-term basis to tourists visiting my hometown in Montana. None of the states operate our businesses under a formal business organization proper name or LLC and nosotros report our business organisation income on our individual tax returns. Yet a lot of usa carry many of the best business cards in our wallet — the Ink Business concern Preferred® Credit Card being our favorite.
Even without an official business name or corporate structure, you lot can still authorize for small business concern credit cards like the Ink Business Preferred® Credit Carte du jour. You're eligible to utilize for business cards as long as you're trying to earn a profit with any type of business organization you're operating.
The good news is that you have the option to enter your Social Security number on a business card awarding instead of an EIN (Employer Identification Number). So no, you practise not need an EIN to apply for a concern bill of fare.
Now permit's accept a await at how you can earn rewards with a small business.
Earn miles and points with a small business
Once again, qualifying for a small business organization credit menu might be easier than you lot think. Simply remember, you're personally responsible for the charges on a business credit card, so banks look at your full income and credit score when evaluating your business concern credit card application.
This means you're not required to take significant revenue and profit to become approved for a business carte du jour. For case, my friend was instantly approved for the Chase Ink Business Preferred subsequently listing only a few hundred dollars in profit for his eBay side business.
Here are some other side ventures you might already exist doing that can qualify you for a business bill of fare:
- Airbnb host
- Bodyguard
- Dog walker
- Freelance graphic designer
- Handyman
- Landlord
- Landscaper
- Makeup artist
- Holding manager
- Real estate amanuensis
- Ride-hailing service driver
- Social media or marketing consultant
- Travel amanuensis
- Tutor
Recollect, you can apply for business credit cards with just your name and Social Security number. This is considered applying as a sole proprietor, so in that location'due south no requirement to have a formal business name or EIN (Employer Identification Number).
Lesser line
Yous can qualify for small business organisation credit cards like the Ink Business concern Preferred as long as you're aiming to earn a profit with a side activity, and you aren't required to have a formal business concern name or EIN (Employer Identification Number). Instead, you can utilise equally a sole proprietor using your name and Social Security number.
Because you're personally responsible for the credit line on a business credit card, banks look at your total income and credit score when evaluating your business concern card application. And so even with little business income, it's possible to go canonical.
Chase Sapphire Preferred® Card
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Earn lx,000 bonus points after yous spend $four,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Hunt Ultimate Rewards®.
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Intro April on purchases
N/A
Regular April
15.99%-22.99% Variable
Balance Transfer Fee
Either $v or five% of the amount of each transfer, whichever is greater.
Rates & Fees
Annual Fee $95
Other
Credit Needed Excellent / Good
Issuer Chase
Card Type Visa
Editorial Note: We're the 1000000 Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader'southward comments. These haven't been reviewed, approved or endorsed by whatever of the airlines, hotels, or credit bill of fare issuers which we often write nearly. And that's just how we like it! :)
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