I have a post about credit cards with $100 bonus (see here). This afternoon I dug out another credit card—Citi Business Card with ThankYou Network. This card will give you 10,000 ThankYou Points after $250 in purchase. The 10,000 bonus points is clearly stated at Citicards.Com. To see this card, please click here. At this page you have two choices—Visa version or MasterCard Version. You can choose whichever you’d like. After click the card type you want, you will enter the application page.
This card also offers 0% APR on purchases. So it’s also a great opportunity to take advantage of the 0% APR on purchases. This might help you to save a certain amount of money.
There are some reasons why you might have to think of getting a business card.
1). Business cards are hidden from your personal credit report. Business cards will not appear on your credit report. Therefore, your credit utilization is lower (The balance on the business cards will not appear on you credit report.) You can maintain a high credit score. In this way, you can still be able to get some great deals.
2). Business cards are generally giving out high credit limit. They are supposed to be used for business purposes.
3). Business cards have great 0% APR offers.
4). Business credit often is not included in the maximum exposure level a credit card issuer will give you. If you can’t get more credits from you personal cards, you may want to try business cards.
5). Business card issuers care less about card utilization but more about the timeliness of payment. It seems that the business credit is viewed in a different manner than is personal credit. It’s often assumed that the usage of your credit card is for you business.
How can you apply for a business card without a real business?
If you don’t have a business and want to apply for a business card for personal use, you can put Solo Proprietorship as the business type and your name as the business title. You can use your personal SSN as ITIN. You can put $0 revenue and 0 years in business. It won’t affect your chance to get a business card (as a start up company). The credit card issuers will pull your personal credit report.
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November 25th, 2007 at 12:59 am
Is there any risk to be reviewed by card issuer if you use business card as a personal one.
November 25th, 2007 at 1:03 am
Hi liaosea. From my own experience, Citi, Chase and BOA are OK.They won’t review your account if you put your name as your business name. But we’d better keep away from AMEX business card.