Jump to content

greendude

Requirements for Business Credit Cards

Recommended Posts

Hi Folks, 

 

I want to get my personal card balances onto business credit cards (I don't have any). My FICO will be around 720 by April. I have had a one-person consultation LLC business for about 7 yrs now. 

What will be required to get business cards with 0% balance transfer APRs ?  The business has modest gross annual income (around 150K). But I have a verifiable salaried job for 175k. DTI ratio is gonna be quite low (< 10%) by April when I intend to apply. I don't care if its PG or not just want to get balances off personal and not pay interest on them for a while. 

 

What are requirements to get a business card ? Which cards are the best for this type of use ? If there is already a thread for this can someone point me to it pls, a search threw up a lot of unrelated stuff 

 

Thanks!

 

 

Edited by greendude

Share this post


Link to post
Share on other sites

I help you by moving this to the business credit forum.  You should receive appropriate advice there.

Share this post


Link to post
Share on other sites
1 hour ago, greendude said:

Hi Folks, 

 

I want to get my personal card balances onto business credit cards (I don't have any). My FICO will be around 720 by April. I have had a one-person consultation LLC business for about 7 yrs now. 

What will be required to get business cards with 0% balance transfer APRs ?  The business has modest gross annual income (around 150K). But I have a verifiable salaried job for 175k. DTI ratio is gonna be quite low (< 10%) by April when I intend to apply. I don't care if its PG or not just want to get balances off personal and not pay interest on them for a while. 

 

What are requirements to get a business card ? Which cards are the best for this type of use ? If there is already a thread for this can someone point me to it pls, a search threw up a lot of unrelated stuff 

 

Thanks!

 

 

Credit card companies will not convert personal cards to business cards, but you can apply for some new cards.

 

American Express and Chase have the biggest selection of Business cards.  They will all do a Hard pull on your Personal reports, but will only report to Business reports.

Share this post


Link to post
Share on other sites

Thanks, What would be the requirements when I apply for new business cards ? What will they ask for or what do I need to have prepped for the application ? 

Share this post


Link to post
Share on other sites
58 minutes ago, greendude said:

Thanks, What would be the requirements when I apply for new business cards ? What will they ask for or what do I need to have prepped for the application ? 

You mentioned you are an LLC?  So you will need to give them you EIN, SS#, Personal Income, Business Income.   They will probably not need financials if you are only applying for a credit card.

 

Feel free to browse the applications, they will explain everything you need to know.

 

 

Share this post


Link to post
Share on other sites
6 hours ago, NYCdude27 said:

You mentioned you are an LLC?  So you will need to give them you EIN, SS#, Personal Income, Business Income.   They will probably not need financials if you are only applying for a credit card.

 

Feel free to browse the applications, they will explain everything you need to know.

 

 

Which apps NYC ? sorry I don't frequent the boards often. 

 

TIA

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines