23. Apply For Business Credit Cards

Applying for the right business credit card is a great way to start building credit for your business. Not only will it help you create a clean separation between your personal and business finances, but your prompt payments will build a solid credit history for your business.

Obtaining A Business Credit Card

Why You Should Get A Business Credit Card;

Applying for and getting approved for a business credit card is one of the simplest ways to purchase on credit for your business. It will also help to build your business credit history. Business credit cards have a few advantages over personal credit cards. They contain detailed reports, which helps you track expenses more easily. There is also usually a higher credit limit.

One thing business credit cards have in common with personal credit cards is rewards programs. There are a large number of business credit cards offering various rewards programs. Be sure to shop around until you find the one that best fits your needs. One other thing to keep in mind, you’ll want a business credit card that reports to D&B, Experian, and other business credit bureaus. This will help with building your business credit history.

When you are just starting out, your business has no credit history. You might ask how can your business get a credit card since there is no credit history for credit card companies to check. In those cases, they will actually look at your personal credit score. Once you are approved for your business credit card, you can begin using it and establishing your business credit.