FAQ: How to build business credit?

How to build business credit? - Credit Cards for Business FAQ

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » FAQs » Credit Cards for Business » How to build business credit?

How to build business credit?

Answered on December 27, 2013 | Updated on December 27th, 2013

Tags: Business, Credit History, No Credit

The content is accurate at the time of publication and is subject to change.

A separate business credit score can be build if the business is legally separate from the owner. That is you should own a corporation or a LLC. Also, your business should have a federal tax identification number (EIN). All those information will help you to open a separate line of credit or get a business credit card in your business legal name. Pay your business credit card on time. The payment history is one of the important factors that are used to build your business credit score.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Related Questions:

I just graduated college and have never had a credit card before. I recently started a job and have quickly realized how essential and potentially beneficial a good credit card can be. I will be traveling often and spending a lot of time in hotels so I want a card with good rewards, but I am unable to obtain one because of my non-existent credit score. I would really appreciate any recommendations you have for me to get started.

I am 20 years old. I have no credit and applied for a credit card maybe 2 years ago and was denied. I have had steady work for the past 3 years and make a reasonable income. I am not in school at the moment, and probably won't be until next winter. With that said, I was wondering what my best option for a credit card would be. I don't want to go out and buy items I don't need. I just want somewhere to start out so that I can build my credit.

I would like my son to start building a credit history. The problem is that he is a full-time student and does not have a job. But he has a bank account. What are his options?

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

BEST BUSINESS OFFERS from our partners:

CitiBusiness^® / AAdvantage^® Platinum Select^® World Mastercard^®

For a limited time: Earn 70,000 American Airlines AAdvantage^® bonus miles after making $4,000 in purchases in first 4 months of account opening*

Excellent, Good Credit

Costco Anywhere Visa^® Business Card by Citi

Exclusively for Costco Members: Go Big with Cash Back Rewards. Receive a reward coupon annually which is redeemable for cash or merchandise at US Costco warehouses

Excellent Credit

Kabbage