If you have an employer identification number (EIN) — a nine-digit tax ID number assigned to your business by the IRS — you can use it to apply for a small-business credit card. Many small-business cards require good to excellent personal credit (typically FICO scores of at least 690) for approval.

What is the benefit of having an EIN number?

The ID number makes it easier to file federal and state taxes, quarterly or annually. Some small businesses and sole proprietorships use personal accounts for their business and taxes. This creates a “pass-through” organization — money is passed through personal banking systems.

Is personal guarantee a hard inquiry?

When a personal guarantee is used, the applicant includes their Social Security Number (SSN) for a hard credit inquiry as well as details about the individual’s personal income. This information is in addition to the company’s employer identification number (EIN) and financial statements.

How to apply for a business credit card without a Social Security number?

To apply for a business credit card without using a Social Security number, you need another form of identification as a substitute. You can then use this form of identification to apply for an Employer Identification Number. With your SSN substitute and your EIN, you can then apply for a business credit card.

How to apply for a business credit card with an EIN?

As a result, when you apply for a small-business card with an EIN, the issuer will typically use your Social Security number to check your personal credit. Many small-business cards require good to excellent personal credit (typically FICO scores of at least 690) for approval. » MORE: How to apply for an EIN

What can I use to apply for a business credit card?

Once you have your ITIN and EIN, you can use them to apply for your business credit card. Another form of identification some credit-card providers accept instead of an SSN is a passport.

Can a non-resident get a business credit card?

If you’re a non-resident without a Social Security number, you can still get a business credit card — just be prepared to do a little extra legwork. Before you can apply, you’ll typically need to apply for an individual taxpayer identification number, also called an ITIN.