What is the average credit limit on a business credit card? What information will I need to provide?
dakeen forx asked:
I have $30,000 and think to get business credit card. What is the average credit limit on a business credit card? What information will I need to provide?
Martin
I have $30,000 and think to get business credit card. What is the average credit limit on a business credit card? What information will I need to provide?
Martin
Tags: Business Card, Business Credit Card, Business Information
May 1st, 2009 at 12:33 pm
It deepends on the size of the business, Your status (wether you are a dba, a corperate company, an llc, etc.), and you businesses average income, your credit history (if it is a dba), or the credit history of the business. You will need to provide your personal information, the businesses info (including the tin #) and proof that you are a owner. Good Luck!
May 1st, 2009 at 3:54 pm
First of all you can lend me like $800.00 and you’ll be okay. But your credit limit depends on you credit. If you use American Express that darn Charge card, then you are going to get something like No credit limit which looks bad on your credit score. So You might wonna go with so mething that is around $20,000. If any thing goes wrong and you are suddenly out of work or you have to shut your business then you that that thirty that you are saving and stick it on the credit card balance. Remember you won’t go over tweny. You will need to provide work history, SSN, and amount you have in savings. If you have a checking account then that will also be helpful.
May 4th, 2009 at 5:17 pm
Several different items are considered when applying for any credit card. Depending on the size of the business, your credit history and even if you have other accounts with the bank your applying for will determine how much credit you receive. One of the nice features about a business card is that you can have a large collective credit line on the primary card and add people to the account as users and assign a specified line for each one.
May 6th, 2009 at 7:49 am
Take a look at this information page it lists types of cards and information, it should also answer your question.