3 Ways You May Qualify For A Business Credit Card

Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Capital One, Chase and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.

A reader who asked not to be named emailed me the following question:

“Do you have advice on how I can get the Citibank VISA business card?”

I’ve received a few other emails asking the virtually the same question, so I thought I’d make it the subject of today and tomorrow’s posts.

3 ways which may qualify you for a business credit card:

1) Existing Business

You own an existing business.  For example, you are John Smith and you own Acme Plumbing.

Well, that’s easy then, isn’t it?  Just fill out the application form with your business information and hit submit!

2) Business Start-Up

In my experience, you can have a new business and apply for a business credit card as a business start-up.

You could be starting a business venture and are applying for a business credit card to help keep your business expenses separate from your personal expenses.

Starting up a business is a very legitimate reason to want a business credit card!

I updated the post to mention that I learned about this method of getting a business credit card by talking to a Chase telephone representative.  I was explaining to the representative that Emily applied for the business credit card in order to to buy crafts and make paper bookmarks to sell on Etsy.com.

“Oh!” said the representative.  “You’re in a business start-up venture.  Here’s what we can do…”

Here are some potential start-up situations which you may have experienced:

  • Have you started buying and selling collectible items for profit?
  • Do you sell books or other items for profit on e-bay or Amazon.com?
  • Do you get paid to coach, teach lessons, provide childcare, or do household repairs for others?
  • Do you sell homemade goods like baking or crafts for profit?

So take a few minutes to think about your situation.

Now start-up business are very risky to lenders (only 1 in 2 survive more than 5 years), so banks are usually stricter in approving business credit cards for start-up businesses.  Also, the banks will usually assign a very low credit line to business credit cards which are for start-ups.

3) You’re already in business!

I’ve observed that many of us may be involved in business activities already, although they aren’t yet profitable.

For example:

  • If you buy and sell goods (books, CDs, etc) online for profit
  • If you regularly sell items from your home (yard sales, Craigslist, etc.) or have a booth at a flea market and regularly do this.

Remember, you don’t need to be an incorporated company to engage in business activities.  You can apply as a sole proprietor using your Social Security Number. 

And of course be truthful on your application!

In tomorrow’s post we’ll walk through how to fill up an application form for a business credit card.

What types of business activities have you been involved in, but have not considered to be a true business?  Tell us about them in the comments!

* If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *

150 responses to “3 Ways You May Qualify For A Business Credit Card

  1. Pingback: Get 50,000 Points When You Sign-Up for the New Chase Marriott Rewards Premier Business Card | Million Mile Secrets

  2. Do any of the card companies look at or share information with the IRS. A sales tax license may be required for what many of us would do as a business.

  3. Pingback: 8 Easy Steps to ~$3,674 of Big Travel With the Southwest Companion Pass | Million Mile Secrets

  4. Pingback: How to Find Out Which Hotel Card Is Right for You: Tokyo | Million Mile Secrets

  5. Hello. In reference to a startup company, is it ok to put down “0” for revenue for companies such as construction?

  6. Pingback: More Miles, Points, and Perks: The Benefits of Business Credit Cards | Million Mile Secrets

  7. Pingback: Do Southwest Dining Program Points Count Towards the Companion Pass? | Million Mile Secrets

  8. Pingback: The Southwest 50,000 Point Cards ($710) Are Back! | Million Mile Secrets

  9. Pingback: How to start collecting travel rewards {QnA series} | practice makes points

  10. Hi Daraius. I applied for the Chase INK CASH card in November 2012 and was denied. My credit score is in the 760’s, I already had a personal checking account and Freedom card. I have no debt, pay bills off in full every month. This was my first attempt at a business credit card. I stated income was in the $2000 and the business was 6 months old.

    I would like to take a crack at the INK PLUS for the 70K UR points but don’t know if I qualify. My business is now 2 years old and I want to do it full time vs casually when I have free time. I applied, and was approved for the Sapphire Preferred card in November 2013 and my cash balance with Chase is higher compared to 2012.

    What are you thoughts on my chances?
    If they do deny me again, am I able to request that they shift credit line from my personal Sapphire Preferred to the INK PLUS?

  11. @Daraius. Success and I was instantly approved on the spot for the 70K UR Plus card. I stated zero as income. My banker was kind enough to rush me the card. I called to activate it this morning and one of the security questions they asked was if I could provide them the credit card number from another institution. I did not feel comfortable with this question so they gave me the option to wait for a call. I took that option and waited all day but no call. I go back to the same branch i applied for the card and the banker cant assist me because now my card is in pending review? What the heck? They tell me I now have to wait up to 48hours for an answer. I never had to encounter such difficulties activating a new card. This is a new one.

  12. UPDATE: Looks like all is clear. It turns out the representative who I initially spoke to activate my card must have been having a bad day. She flagged my account as potential FRAUD ALERT when I questioned her reason for providing a credit card number from a different institution. Her reason was, “Its just the process”. She told me that was the only way to activate my card or wait for a call. To tell a customer to wait for a call is fine but what she did was bump it to the fraud department. This was such low brow move. I had no idea until I received a call from CHASE fraud department! I explained to them the situation and they apologized and said they were just doing their job once an alert was placed on my account. I hope that representative gets a taste of bad karma.

  13. Pingback: Limited Time: 70,000 Points and 1 Free Night With Chase Marriott Rewards Premier Business Card | Million Mile Secrets

  14. I’m looking to get the 70k ink plus BUSINESS card so that I can transfer points on my personal account from chase freedom to the new business ink card for travel partner transfers. Is that possible?

    In other words, when I open up a new BUSINESS account, will it show up in my personal account, thereby allowing UR point transfers from my PERSONAL freedom to BUSINESS ink?


  15. Pingback: Can You Get Both AMEX Delta Personal & Business Card Bonuses? | Million Mile Secrets

  16. Pingback: Will applying for credit cards hurt my credit score?

  17. Pingback: Chase Ink Plus 70k Offer | WorldWanderlusting.com

  18. Just in case anyone needs to fill out a form 1040, I found a blank form here http://goo.gl/hnjEMM. This site PDFfiller also has some tutorials how to fill it out and a few related tax forms that you might find useful.

  19. Pingback: Moneyquestions | The Simple Guide to Using Credit Cards to Travel for Free (without Ruining Your Credit Score)

  20. Pingback: Moneyquestions | April 2014 Miles and Points Guide: the 5 Best Deals This Month

  21. Pingback: Moneyquestions | How to Get One Million Frequent Flyer Miles for Free

  22. Pingback: Open Your World and Qualify for Business Credit Cards | Sweetness and Honey

  23. Would you recommend getting a business credit card even though your business is just an idea on a piece of paper? Would you recommend using a business credit card to finance such a large purchase? I am planning to open up a business within the next few months possibly a restaurant.

  24. Pingback: The Southwest Companion Pass: One of Churning’s Greatest Prizes | Money Metagame

  25. My Husband was approved for the Southwest Premier card in Oct 2014. He got his 50k miles. We’d like to get the companion pass, but are nervous about being turned down for the business card ( i don’t think he’s been targeted?) We’re new to all of this… We were told he should apply for the other personal card (Plus?) because if he’s turned down for the business card he would be “blacklisted”? He only has 1 Chase Business Card, he has had 1 year now. Any thoughts?

  26. Pingback: How to Qualify for a Small Business Credit Card (And Why You Should Get One!) | Million Mile Secrets

  27. Pingback: How I booked a $6,950 Trip to Maui for $32.80 – travelingmelon

  28. Pingback: How I booked a $6,950 Trip to Maui for $33.60 – travelingmelon

  29. how do you spend $2000 on a business card if you expenses are not that high?