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By: Cardtopedia

How to get a business credit card

Cardtopedia

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1. Check Your Credit Score: Most lenders will use your credit score to approve or deny your application. Before applying, clear any debts.

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2. Research Card Options: Many credit cards have travel rewards or cash back bonuses that could benefit your business.

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3. Compare Offers & Fees: Compare rates and fees to find the best card for you.

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4. Read Cardholder Agreements: Read the terms and conditions before signing any agreement. Know the card's annual fees and restrictions.

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5. Fill Out Application: When applying for a card, be accurate and honest. Include business address and contact information.

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6. Submit Documentation: Bank statements, tax returns, and financial projections are often required by lenders.

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7. Wait for Approval: After submitting your application, wait for the lender to process it and provide a response within a few days.

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8. Activate & Use: Once approved, activate and use your card only for business expenses. Monthly payments build corporate credit.

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