How to apply for and get a business credit card

To apply for a business credit card, you will need to fill out an online application with your business name, EIN (or SSN, if it requres a personal guarantee), and income details. Once submitted, you’ll receive a decision, often within minutes.

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Approval for business credit cards primarily depends on your personal credit score, with most requiring a FICO score of 670 or higher. For small business owners or emerging startups, the approval process may be easier than you expect.

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There are plenty of benefits to opening a business credit card. You can access working capital, finance large purchases, and track business expenses more easily. Plus, you’ll build business credit, which will come in handy when applying for loans.

How to apply for a business credit card

It isn’t hard to get a business credit card, but it requires a little research and preparation. Here’s how to get a credit card for your business in three steps:

1. Check your eligibility

To get approved for a business credit card, you’ll usually need a strong personal credit score–generally, a FICO score of at least 690 is required. The exception to this rule is corporate business credit cards, which approve based on business revenue.

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All types of business structures are eligible to apply for a business credit card:

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• Sole proprietorships
• Limited liability companies (LLCs)
• Partnerships
• Corporations

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You’ll be eligible for a business credit card no matter your business’s age, size, or xnature. With that said, qualifying for business credit cards usually depends on your personal credit score, and many of the best cards require good to excellent credit.

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It can be tough to open a business credit card with a poor or limited history, so you’ll need to determine which cards you have a realistic chance of qualifying for. You might consider building credit on a personal credit card or a secured business credit card before applying for the card you really want.

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2. Compare different business credit cards

‍There are plenty of different types of business credit cards on the market, so try to find the best card for your business. Here’s what you should pay attention to as you compare:

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• Fees: Consider annual fees and interest rate (APR) fees. If business travel is the norm for you, look for a card that doesn’t charge foreign transaction fees.

• Rewards and perks: Cards usually offer membership rewards on eligible purchases, so consider the rewards you’ll use the most. Card offers like a statement credit or welcome bonus add even more value.
• Balance transfers: Some cards come with a 0% intro APR period and allow balance transfers. This lets cardholders move debt from another credit card and avoid paying interest during the intro period.

• Card features: Some business credit cards offer extra features like employee cards and expense management tools, such as automated expense reporting and accounting integrations.

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Here are a few of the top business credit cards to consider:

3. Submit the application

You can apply for most business credit cards through the credit card issuer’s or bank’s website.

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To complete your business credit card application, you’ll need several pieces of personal and business information:

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• Legal business name
• Business address and phone number
• Type of business, industry, and legal structure
• Approximate annual revenue, years in business, and number of employees
• Estimated monthly spending
• Employer Identification Number (EIN)
• Social Security number (SSN)

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It’s worth noting that by applying for a credit card, your personal credit score may temporarily drop a few points if the issuer performs a hard inquiry. While this effect on your credit won’t last, it’s best not to apply for many cards at once to avoid multiple credit inquiries affecting your score.

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What is the minimum amount for a business credit card?

The minimum credit limit for a business credit card typically starts around $2,000 to $5,000, depending on the issuer and your credit history. Factors like your business’s revenue and personal credit score can affect the limit, with premium cards often offering even higher starting limits.

Get a Ramp Business Credit Card based on your business revenue

If you’re looking for a business credit card, Ramp is a great alternative. Our corporate business credit cards come with universal cashback and integrated expense management software, offering tools business credit cards can't provide.

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Unlike traditional cards, Ramp doesn't check your credit history or require a personal guarantee. Instead, we look at your company’s cash balance, cash flows, and annual revenue to determine your credit eligibility—which can lead to a higher credit limit.

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There are other card benefits, too:

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• Unlimited cashback rewards with no minimums
• Unlimited physical and virtual employee cards
• Detailed expense tracking and analytics
• Quality accounting integrations
• No foreign transaction fees
• Automated financial management that scales with your business

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See if you're eligible for Ramp’s modern corporate business credit card.