Comments on: Anyone Can Apply For a Business Credit Card

By: Ryan

Ryan — Tue, 26 Jan 2010 13:09:05 +0000

TJ, it shouldn’t affect your score much if you aren’t approved. It’s usually a couple points at most, and the effect goes away as time passes. I wouldn’t be concerned.

By: TJ

TJ — Tue, 26 Jan 2010 06:05:19 +0000

Wish I knew that before I applied! Hope if it gets declined it doesn’t negatively affect my credit score.

By: Ryan

Ryan — Tue, 26 Jan 2010 01:40:49 +0000

TJ, yes, the business credit card market and the credit card market in general have changed in the last year and a half since this was written. Credit was much easier to receive a couple years ago. However, don't let that discourage you. There are many good options to choose from. Check out this article: Best Credit Cards: Cash Back and Rewards Points.

By: TJ

TJ — Tue, 26 Jan 2010 01:28:44 +0000

I’m a bit skeptical. With most crdit cards, they will show instnat approval, however with the business one, they said they would send me a decision via mail in 14 days. Maybe they’re more selective now than when this blog was written?

By: Ryan

Ryan — Fri, 05 Sep 2008 04:12:15 +0000

Hello Livia, To answer your question, the two business credit cards I linked to in the article are great cards to choose from. The Discover Business Card offers a $100 cash back bonus if you spend $1000 within the first 3 months, and the The The AmEx Business Gold Card offers a $50 cash bonus after your first purchase. The Discover Business Card does not have any associate fees, while the AmEx Gold Card has a $125 fee (waived for the first year). I currently have both cards and they are both quality cards for a business. Other good business credit cards can be found in this article - Best Gas Rewards Cards. The business cards I recommend are The Blue Cash for Business Credit Card, the TrueEarnings Business Card from Costco and American Express, or the SimplyCash Business Card from American Express. None of these three cards have annual fees. All of the cards in this e-mail come with cash or point rewards systems which will earn you additional cash back on items like gas, office supplies, cell phone service, restaurants, and more.

By: Livia

Livia — Fri, 05 Sep 2008 03:42:44 +0000

what credit cards can i apply for using business credit only?

By: Ryan

Ryan — Fri, 08 Aug 2008 23:35:55 +0000

Next Millionaire,

Some business cards have annual fees, so that is something you want to look out for. That is actually why I signed up for the Discover Business Card. It has a great cash back program, gave me a $100 sign up bonus, and doesn’t have any annual fees. It’s a very good business card.

By: Ryan

Ryan — Fri, 08 Aug 2008 18:17:09 +0000

That’s true if you are taxing your income as a business, but my understanding of a sole proprietorship is that there is no separation of business and personal income. But I’m not a tax pro, so be sure to talk to one before filing taxes.