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The Smart Way to Financial Freedom: Unlocking the Power of Business Credit Cards Without a Business

Key Takeaways:

  • Business credit cards are not just for traditional businesses.
  • Learn how to qualify for a business credit card with ease.
  • Discover the benefits over personal credit cards.
  • Choose the right card for your nontraditional business.
  • Understand the bottom line of using business credit cards.

Can You Get a Business Credit Card Without a Business?

Absolutely! Your business may be as small as selling handmade crafts on Etsy or driving for a rideshare company, but that doesn’t mean your credit card rewards should be tiny too. You don’t need a formal business structure or any business income to get started. A side hustle or even a money-making hobby qualifies you for some of the best business credit cards out there.

Qualifying Work for a Business Credit Card

Here’s what you need to know about qualifying:

  • Aim for a FICO score of 690 or higher.
  • Keep credit inquiries low – ideally fewer than six on your credit report.
  • Recent credit card applications? Best to wait for about three months before applying.

Why Get a Business Credit Card Instead of a Personal One?

  • Rewards on Steroids: Turn everyday expenses into impressive rewards.
  • Hefty Sign-Up Bonuses: Business credit cards often come with attractive bonuses.
  • Build Your Business Credit: Even small ventures can benefit from a solid credit history.
  • Manage Debt Smartly: Keep your personal credit profile lean by shifting bigger expenses to your business card. And yes, mixing personal and business expenses is generally legal, but check with a financial advisor if you’re structured as a corporation.

What to Look Out for in a Business Credit Card

  • Rewards that Suit Your Spending: Look for cards that offer rewards in categories where you spend the most.
  • Low Fees: Aim for cards with no or low annual fees unless the rewards outweigh the costs.
  • Introductory Offers: Zero interest periods can be a huge advantage for new purchases or balance transfers.

Best Business Credit Cards for Nontraditional Businesses

Chase Ink Business Unlimited:

  • Unlimited 1.5% cash back.
  • No annual fee.
  • $750 bonus cash back after spending $6,000 in the first 3 months.
  • 0% intro APR for 12 months.

Chase Ink Business Cash:

  • Up to 5% cash back in select categories.
  • No annual fee.
  • $750 bonus cash back after spending $6,000 in the first 3 months.
  • Special cash back rates on the first $25,000 spent in combined purchases each anniversary year.

The Bottom Line

  • No Business Income? No Problem! Getting approved without business income is possible.
  • Chase: A top choice for getting started, even for sole proprietors with no income.

Interested? Click here to learn more and apply!

Remember, a business credit card isn’t just a financial tool; it’s a stepping stone to greater financial freedom and opportunity. Whether you’re a freelancer, a part-time eBay seller, or just kicking off a dream, the right business credit card can open doors to a world of rewards, credit-building, and financial flexibility. The key is to choose wisely and use responsibly.

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