How to Apply for a Corporate Credit Card
The Small Business Administration estimates that lack of capital is one of the top reasons small businesses fail. When starting your business, create your own access to capital. Build a healthy business credit history that will allow you to later take out loans and qualify for high limit corporate credit cards. If you already have a strong business credit history, you can apply for a corporate credit card to cover important business expenses where cash or check is not feasible. Compare corporate card incentives to determine which card best suits your business needs.
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Instructions
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Compare interest rates of business credit cards using an online resource such as Bankrate.com or Cardratings.com. Read card descriptions to find out the amount of common fees such as annual fees, late fees and over-the-limit fees.
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Select the card with the best interest rates, lowest fees and useful perks for your business. Choose the "Apply Now" option to begin your online application.
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Enter your personal details and the details of your business in the space provided. You will need an EIN in order to complete your application. Most applications also ask the number of years you have been in business, along with your gross annual sales estimation.
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Click "Submit" once you have entered all the required fields. In some cases, you may receive an instant rejection or approval. If you are rejected, you will receive a notice in the mail explaining the cause for your application denial.
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Tips & Warnings
Your Social Security number is usually required to apply for a business credit card unless your business has credit history with the card issuer.
