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Applying for Business Credit Cards [Consolidated]

Applying for Business Credit Cards [Consolidated]

Old Jun 29, 13, 1:58 pm
  #211  
 
Join Date: Feb 2013
Location: Tampa, FL
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Originally Posted by LovePrunes View Post
just got approved for 2 business cards today. First was the big one, Amex platinum for biz, 100,000 MR points for $10k spending in 3 months. Ambitious but I know I can do it. Second was Citibusiness AA World Mastercard for 35k miles after spending $1500. I only got a thousand dollar credit line (called for "reconsideration" since I got the "we'll get back to you in a week" message, and rep said he could approve me right away but only for one thousand, did I still want it?). I'm hoping Citi will allow me to shift some of my personal credit line WAYYYYY into 5 figures with them, to my business one so I can knock out my minimum spending faster and not worry about collecting my sign up bonus. anyone successful getting them to shift personal to business? My biz is 2 and a half years old, sole proprietor
Haven't had success moving credit at Citi from personal to biz, but have had success at obtaining a much larger credit line when opening a 2nd biz card 4 months later. Opened a biz AAdvantage Visa in Feb and got $3k limit. Opened a biz AAdvantage MC this June and got a $20k limit. Data points: sole prop, expected revenues ~$10k, length of time about 1 year.
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Old Jul 16, 13, 5:31 pm
  #212  
 
Join Date: Mar 2012
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How can I apply a tax ID to apply a business card?

I want to apply a business card. I know I can use my SSN. What about a tax ID? how can apply for a tax ID? What advantages and disadvantages for applying a tax ID?

Anybody knows? Thanks in advance!
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Old Jul 16, 13, 5:42 pm
  #213  
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http://www.flyertalk.com/forum/credi...solidated.html
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Old Jul 16, 13, 5:44 pm
  #214  
 
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http://www.flyertalk.com/forum/credi...nal-cards.html
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Old Jul 16, 13, 5:49 pm
  #215  
 
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Thanks! After reading a few posts, I think that it is not good to apply for a tax ID ^_^. It is so complicated!
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Old Jul 16, 13, 7:57 pm
  #216  
 
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You can apply for a business tax ID under your own name or yourself "doing business as _______" as a sole proprietor, no LLC or incorporation required. The downside is you would have to file a tax return for the business tax ID number, whether or not it made a profit.
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Old Jul 17, 13, 12:29 am
  #217  
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Originally Posted by Tizzette View Post
You can apply for a business tax ID under your own name or yourself "doing business as _______" as a sole proprietor, no LLC or incorporation required. The downside is you would have to file a tax return for the business tax ID number, whether or not it made a profit.
And some states/counties etc required DBAs to be registered.
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Old Jul 17, 13, 1:33 am
  #218  
 
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It is really complicated
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Old Jul 17, 13, 1:49 am
  #219  
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Originally Posted by happy9zz View Post
It is really complicated
It is not if you need to file all those for your business anyway. It is not worth it just to apply for business credit card without a business purpose. Some states also has a business franchise tax which you need to pay every year with or without business activities.
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Old Sep 6, 13, 12:42 pm
  #220  
 
Join Date: Dec 2010
Posts: 345
Easiest bank for business credit cards and “sole proprietor”

Probably been asked before but more difficult to search on than I expected.

I don't own a business and have exactly zero business credit cards but plan on trying on my next churn. Are some banks easier to get business cards than others? (and better yet auto approved without a phone call). With all things being equal like great credit, low debt, yada yada... Or is the success rate/auto approve the same if it's business or personal cards?

Just wondering if say Citi is easier to get a business card than Chase or AMEX, etc, etc.
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Old Sep 6, 13, 6:08 pm
  #221  
 
Join Date: Nov 2012
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Easiest bank for business credit cards and “sole proprietor”

Do a google search for credit boards dot com
That site can answer any credit question you may have.
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Old Sep 6, 13, 7:45 pm
  #222  
 
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I only have 2 biz cards. Ink and newly acquired spg biz. With ink I called in and talked for 20min and was grilled. With amex I called in gave my app number and she approved it on the spot. Just my experience. Not sure about citi
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Old Sep 6, 13, 10:22 pm
  #223  
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Dear OP,

I suggest an attitude adjustment. This biz card thing is not a scam. You are just a businessperson who has yet to make the big bucks but are perfectly legit. What business would you like to be in?

By the way, I have had dozens of business cards for many, many businesses (some of which never made a penny). You don't have to have a successful business to get a biz card, just an idea that you are starting to move on.

As far as banks, IMHO, they are all about the same. Easy.

Just remember, you need decent personal credit to get a biz card because the bank is really holding you responsible for the bills you run up.
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Old Sep 6, 13, 10:32 pm
  #224  
 
Join Date: May 2013
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biggestbopper wondering what is the right answer to give when asked about your business revenue. I assume that they wouldn't be too keen on Zero as an answer? Can one project revenue?
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Old Sep 7, 13, 6:25 am
  #225  
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from the Citi AA Best Offers thread stickie--in this forum:

5. Can I apply for a business card if I don’t have a business?
Anyone can apply for a business card. You do not need a registered business with an EIN. If you do not have a business with an EIN or with bills/accounts in the business name, you can apply using your name as the business. The three possibilities are that: 1. You could be approved unconditionally, 2. You could be asked to fax a couple of bills or accounts (water, electricity, gas, cable, or phone bills, bank accounts, etc.) in the name of the business to Citi, or 3. You could be required to fill out and send a 4506-T tax form. Whatever you do do not make up income etc. about the business. Plenty of people have been issued cards for businesses with $0 annual revenue, 1-5 employees, and 0 years in business."
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