How to Get Corporate Credit Cards

Credit cards give your company added flexibility.

No matter what business your company is in, having a corporate credit card can give your firm greater flexibility and help you manage cash flow. Credit cards let you buy the supplies you need now and pay the bill later. If you pay your bill in full each month, this is like getting an interest-free loan every single month. Getting a corporate credit card for your business is not always easy, but once you have that card in hand you can start enjoying its many benefits.

Things You'll Need

• Business records
• Tax returns
• Tax identification number

Instructions

1. Visit the bank where you have your business bank accounts. It is often easier to get a corporate credit card from an institution where you already have a banking relationship.

2. Gather all of your business records, including your business plan, corporate tax returns and income statements. The more documentation you can show about your company's revenues, the better your chances of getting the credit card you need.

3. Complete the application for the corporate credit card. Be sure to include all relevant information about the business, including the business name, corporate address and tax identification number. Submit the application to the address listed on the form.

4. Exercise caution when getting additional cards for your employees. Make sure each employee who is issued a card signs a statement stating that they are responsible for all charges made on the card, and that non-business use of the corporate card is strictly prohibited.

References

• Bank of America: Corporate Credit Cards
• Inc. Magazine: Small Business Credit Cards