Business Credit Card

26 comments on “Business Credit Card”

1. Hello Matt,

   Your website has been incredibly valuable, thank you for the wealth of information you’ve shared. I’m currently facing a challenge in applying for a Business Credit card due to my situation. I reside in Canada while my LLC is registered in the US, resulting in a lack of a US residential address—I only possess a business address through my registered agent.
   Given the recent establishment of my LLC, I’m aiming to leverage my personal credit score to support my business. However, conventional banks like AMEX, Bank of America, and Chase demand both a US Social Security Number (SSN) and a US residential address. I’ve also explored options with online banks such as Rho, Mercury, and Brex, yet my applications with them were unfortunately unsuccessful.
   I’m reaching out to seek your opinion on potential strategies to overcome this challenge. Your insights would be tremendously beneficial as I navigate this complex situation. Thank you for your assistance.

2. Can Foriegner Get Business Credit Card Withou Visiting US??

   • I think it can be really difficult without an SSN or ITIN. But if you have an SSN or ITIN, yes, you can apply online.

3. Hello I opened my business 2018 and still active and I didn’t know I can apply for business credit card until now so can you please help me with some information thank you

   • Hi Mohamed, after you find a business credit card that you like, you’ll just apply like any regular credit card application. The only difference is you’ll use your LLC’s name and EIN in addition to your personal information. Hope that helps :)

4. Best website I ever met. Very informative and generous.

   • Thanks so much Portia!!

5. Thanks for responding back and answering my question.

   • You’re welcome Deric!

6. I also forgot to tell you that on all the LLC application for credit at the bottom they ask for who is making this request and require my SS number and who will be responsible for this debt and they require my personal SS number then they pull my personal credit. Even though on the application I supplied my EIN number.

   • Hi Dustin, that’s the way it is when I get credit cards for my LLC. The “industry” you’re referring to is about building business credit and it’s not something we get involved in, either by taking actions ourselves or writing about it. And frankly, it’s a pretty shady space with questionable tactics. Be careful with the information you consume. Hope that helps and thanks for understanding.

     • My regards Matt, Great website man, simple to the point. THANK YOU!!!
       (The following is NOT directed or a response to anyone person specifically, and IT is MY opinion, NOT this website’s and/or its owner) The problem is the “information” mercilessly disseminated on platforms such as YouTube where there is no shortage of “experts” shelling out advice that, frankly, should be criminal, regarding a “legal fraud” tactic called Credit Stacking. Credit Stacking is a way for an individual to basically borrow from Paul to pay Peter type of thing where someone opens an LLC and proceeds to open “several” bank accts business loans, charge cards etc in the name of the LLC, while never actually having any functioning or purposeful business activity whatsoever. They borrow, write checks, spend and splurge, and maintain the charade for a few months by borrowing from Peter to pay Paul, and eventually Peter starts asking questions and Paul wants his money…and than they simply go back to the life the temporary left when they had the epiphany to reinvent themselves as a result of some EXPERT MORON on YouTube shelling out expert advice from his basement…anything for few clicks. The chink in the armor is the greed by the small business loan sharks online (brokers) who don’t care about the fact that often it is obvious that the application in front of them is screaming and stinking of credit stacking, but that commission is what matters…and it goes on and on and on, and after every 8+ hr. shift that you and me pull my friend, we ultimately are left holding the bag in the form of interest rates, higher insurance premiums, and just generally harder to conduct business, just because Joe Shmoe had an epiphany. I musty of been a real fool for the money spent on education, blood, sweat, and tears and all the hard work, I could of just watched Ezzy D Mony’s YouTube video and been ….well maybe not.

       • Thanks Admir! And man LOL… love this comment. You’re so right. I really dislike the business credit space. I usually keep my replies simple and a bit vague, but you sum up some key points well here ;)

7. I just opened a single member LLC. I’ve been opening up several accounts such as at NAPA, COOP, and a business fuel card. I supply my EIN number but they are all pulling my personal credit report to make the decision. They are also requiring my SS number with an LLC. Why is this happening?

8. My personal credit stinks are there secured business credit cards i can apply for i have a LLC for real estate?

   • Hi Derek, we’re not sure, but you can call a few credit card companies and ask.

     • Is it set in stone that to get credit cards for the Business that your personal SSN is required???

       • Hi Durrell, I’ve never seen it any other way.

9. what do I need to do to add a partner in an existing llc

   • Hi Kenny, you’ll want to review the Operating Agreement to check procedure for adding an LLC Member. Usually it goes as follows: review Operating Agreement, prepare Assignment of Membership Interest Agreement, amend Operating Agreement, amend Articles of Organization (if applicable), notify IRS if change in tax classification, update state Department of Revenue, and update bank. Hope that helps.

10. Hi Matt,
    I loved your website! Very helpful information! :)
    My question is if in there was no operating agreement because when the LLC formed is was only one person. But in the taxes my husband added him self as 50% of ownership would I have to make him sign a withdraw document?

    • Hi Delores, thanks so much! A situation like this is much better presented to an attorney. It’s not something we can get into as there are a handful of additional details and nuances that would need to be uncovered. Thanks for your understanding.

11. Great website. Thank you very much!

    • You’re very welcome Sam! Thanks for the nice comment :)

12. Hi Matt,

    Can a foreigner apply for an LLC credit card?

    • Hi Frank, I believe so, but not 100% sure. I think you’ll need an ITIN (Individual Taxpayer Identification Number). I think there are companies that help foreigners build credit history, but I don’t know anything about this space yet. Proceed with caution though as their could be some shady companies out there. I’d say the best way to go about it is open a business account and a personal account at the bank (in the state where you for your LLC). Then after you establish some history with them, visit the brach in person and ask about obtaining a credit card. Hope that helps. Feel free to keep me posted. I’m curious to hear what you come with.

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