I'm going to start my business. I have a tax ID number. My personal credit score is very good. But I can't fill out the annual revenue yet since I haven't started .Can I still apply for a business credit card now and get an approval?
Answers (2)
Business credit cards can mean the difference between success and failure for many entrepreneurs. Startup businesses rarely qualify for small-business loans, so many rely heavily on credit cards to get things going. The Kauffman Firm Survey estimated that for every $1,000 in debt a business accrues, its chances of failure increase by 2.2 percent. To ensure you don't run that risk, get the best business credit cards possible right from the start.