How to Obtain a Corporate Credit Card
A corporate credit card is important for all business owners to have. Separating incidental costs from personal expenses is a must. It is also more convenient to have a corporate credit card as opposed to paying by check or cash for every business transaction, or trying to separate business from personal expenses on your personal credit card. A card just for business will make expenses easier to track and document.
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Instructions
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Obtaining Credit
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Find a bank that is convenient for you, as well one that offers low interest rates. Some cards feature additional perks, such as cash back, airline miles or points. See which one best fits your particular business needs. Companies that offer corporate credit cards include Visa, MasterCard, American Express, First Premier and Deutsche Bank.
Their is a difference between a business credit card and a corporate credit card. A corporate credit card has no interest rate, but their is a monthly or annual fee. A business card is not unlike a personal credit card, with a limit and monthly minimum payments.
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Gather information about your business. This should include your business's address, phone number, fax number, income statements and tax identification number.
This might also be a good time to think of employees you want to have pre-authorized to use the card so that you can order the correct amount of additional cards.
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Apply for the card. This can be done via telephone, mail or Internet. If you are using your local bank, you can file the application in person.
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Wait for the response from the credit card provider. If your application was accepted, activate the card.
If your application was denied, find out the reason before applying for another card.
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