Best Business Credit Cards That Use EIN Only( Without SSN) in 2022

If you’re looking for the best business credit cards that use EIN only, you’ve come to the right place. In this blog post, we will discuss the best business credit cards

available and why you should consider using them.

We’ll also provide information on how to apply for these credit cards and what benefits they offer. So without further ado, let’s get started!

But before we dive into the best business credit cards that use EIN only, let’s first understand what an EIN is.

What is an EIN, and how does it work?

An EIN is a nine-digit number assigned by the IRS. It’s used to identify a business and is also known as a taxpayer identification number. Many businesses need an EIN, including corporations, partnerships, and limited liability companies.

You may also need an EIN if you’re hiring employees or if you’re involved in certain types of business transactions. You can apply for an EIN online, by fax, or by mail. Once you have your EIN, you’ll use it to file your business taxes and perform other financial transactions.

Read More:8 Best Startup Business Credit Cards with No Credit Check

 Why Would You Need an EIN?

There are a number of reasons why you might want an EIN for your business. Some of the most common reasons include:

• To file your business taxes

• To open a business bank account

• To apply for credit cards and loans

• To hire employees

• To register with the IRS 

As you can see, there are many reasons why you might need an EIN for your business.

How Do I Get My EIN Number?

You can receive your EIN number by applying for it through the IRS website. The process is simple and easy to follow. First, you will need to create an account with the IRS. Once you have created an account, you will need to provide some basic information about your business.

After you have provided the required information, you will be able to submit your application for your EIN number. The entire process takes only a few minutes, and you will be able to receive your EIN number within a few days. Applying for your EIN number online is the quickest and easiest way to receive your number.

Is it possible to obtain a business credit card without using your Social Security number?

Most small business credit cards require the applicant to have a Social Security number. The reason for this is that most cards require the applicant to personally guarantee the debt, meaning they are still responsible for repayment even if the business fails. 

It’s possible to obtain a small-business card with an EIN, but the issuer will generally check personal credit using the Social Security number. This implies that applicants for small-business cards must have excellent to exceptional personal credit (FICO scores of at least 690).

However, there are a few issuers who are willing to consider applicants with lower credit scores on a case-by-case basis. If you are interested in getting a small business credit card but don’t have a Social Security number, it is worth checking with a few different issuers to see if you might be eligible.

 Summary: It can be difficult to get a business credit card without a Social Security number. Most small business credit cards require the applicant to have a good to excellent personal credit score, which means that those with lower scores may not be eligible.

Additionally, even if you are eligible, the issuer may still use your Social Security number to check your personal credit.

However, it is still worth checking with a few different issuers to see if they are willing to consider you on a case-by-case basis.

What are the advantages of having business credit with only an EIN?

There are a number of benefits to having business credit, even if you only have an EIN. For one, it can help you build a strong credit history for your business. This can be helpful in a number of ways, from getting approved for loans to getting better interest rates.

Additionally, business credit can also help you qualify for discounts and other offers from suppliers and vendors. Having business credit can also help you get access to lines of credit that can be used for emergency expenses or other unexpected costs.

The following are some of the advantages of business credit with a simple EIN:

  • Helps you build a strong credit history for your business
  • Can help you qualify for discounts and other offers from suppliers and vendors
  • Gives you access to lines of credit that can be used for emergency expenses or other unexpected costs.

If you are thinking of starting a business, or if you already have a business but don’t have any business credit, it is definitely worth considering applying for an EIN. The process is simple and easy, and the benefits can be significant.

How to get a business credit card using your EIN as identification?

Getting a business credit card is a great way to build your business’s credit history and improve your chances of securing loans and other forms of financing in the future.

And, if you’re worried that you don’t have good enough personal credit to qualify for a business credit card, don’t be – you can use your Employer Identification Number (EIN) instead.

Here’s how:

First, find a business credit card issuer that doesn’t require a personal guarantee. This means that they won’t hold you personally responsible for any debt that your business accumulates on the card. Not all issuers offer this option, so it may take some shopping around to find one that does.

Once you’ve found an issuer that doesn’t require a personal guarantee, fill out an application with your business’s information. When asked for your Social Security Number, simply enter your EIN instead.

Once you’re approved, start using your new business credit card to make purchases and pay bills on time. This will help you build a strong credit history for your business – and eventually, you may be able to qualify for a business credit card with even better terms and benefits.

This article will also help: How to Get a Small Business Loan with No Credit

There are several benefits to having business credit, even if you only have an EIN. For one, it can help you build a strong credit history for your business. This can be helpful in several ways, from getting approved for loans to getting better interest rates.


What types of business credit cards are available with just an EIN?

There are very limited business credit cards available if you have bad personal credit or only an EIN because Credit card issuers protect themselves by requiring a personal guarantee from business owners. A personal guarantee is a legally binding agreement that says you’re responsible for repaying any debt your business incurs on the card.

Even if you have good personal credit, some issuers may still require a personal guarantee because they view small businesses as high-risk.

However, there are a few business credit cards that don’t require a personal guarantee, which means you won’t be held liable for your business’s debt.

Here are some of the best business credit cards that don’t require a personal guarantee and can be obtained with only an EIN:

  • Corporate business credit cards
  • Corporate store credit cards
  • Corporate gas cards
  • Prepaid business credit cards

Let’s take a look at each of these options in more detail.

#1. Corporate business credit cards

A corporate business credit card is a great option for business owners who want to build their business’s credit history. Many corporate cards don’t require a personal guarantee, which means you won’t be held liable for any debt your business accumulates.

Corporate cards have stricter application requirements than personal credit cards, so you’ll need to provide proof of your business’s financials. The approval will depend on your business’s creditworthiness, not your personal credit score.

So, only a handful of businesses will qualify for the best corporate cards with the highest credit limits. Business credit cards are extended to C-corps, S-corps, LLCs and LLPs with a solid business credit history in the United States by some lenders.

If you’re just starting out, you may not qualify for the best corporate cards. However, some entry-level corporate cards can help you build your business’s credit history.

#2. Corporate store credit cards

Corporate store credit cards are a great way to build business credit. Most corporate store credit cards come with a personal guarantee, so if you default on the card, the issuer can come after your personal assets.

However, corporate store credit cards can also be issued without a personal guarantee, which means that only the business is responsible for the debt. corporate store credit cards are also a good option for businesses that have trouble getting approved for a traditional business credit card.

That’s because corporate store credit cards can be issued with an Employer Identification Number (EIN) instead of a Social Security Number (SSN). If you’re unable to get a traditional business credit card, a corporate store credit card may be a good option for your business.

#3. Corporate gas cards

A corporate gas card is a great option for businesses that spend a lot of money on gas. Many corporate gas cards don’t require a personal guarantee, which means you won’t be held liable for any debt your business accumulates.

The approval process for a corporate gas card is much easier than for a corporate credit card. That’s because the issuer only requires your business’s financial information, not your personal information.

As long as you have a good business credit history, you should be able to get approved for a corporate gas card.

One such example is Shell Small Business Card, which is a corporate gas card that can be used at any Shell station. The Shell Small Business Card doesn’t require a personal guarantee, so you won’t be held liable for your business’s debt.

However, Business revenue should be $1 million or more every year to apply for the card.

#4. Prepaid business credit cards

Prepaid business credit cards are an excellent way to help track spending and avoid credit card debt. They’re low-risk for issuers and don’t require a personal guarantee or SSN. However, prepaid cards can’t be used to build business credit.

There are a few reasons why prepaid cards are so popular among small businesses. First, they’re an excellent way to keep track of business spending. Second, they help businesses avoid credit card debt. And third, they don’t require a personal guarantee or Social Security number.

Prepaid cards are not without their drawbacks, however. One major downside is that they can’t be used to build business credit. So if you’re looking to establish business credit, you’ll need to look elsewhere.

Additionally, prepaid cards typically have higher fees than traditional credit cards. So if you’re not careful, you could end up paying more in fees than you would with a traditional card.

Overall, prepaid business credit cards are a great option for businesses that want to track spending and avoid debt. Just be aware of the limitations before you decide to use one.

Are there any exceptions to the rule? ( Get Business Credit card with EIN only for Small business owner)

Yes, there are a few exceptions to the rule. Some business credit cards can be issued with an Employer Identification Number (EIN) instead of a Social Security Number (SSN). This is a great option for businesses that have trouble getting approved for a traditional business credit card.

One such example is the Brex Card, which is a corporate credit card that can be issued with an EIN instead of an SSN. The Brex Card doesn’t require a personal guarantee because this credit card is issued on the basis of your business’s financials, not your personal credit history.

Until now, you’ve learned that obtaining a business credit card is tough if you own a small company. There are many business credit cards in the United States, but getting approved for them isn’t simple, especially if you have no or poor personal credit history.

So, there are any alternatives for small business owners to get a business credit card? The answer is “Yes”. In section two, we’ll look at some of the finest alternatives for small company owners to acquire a business credit card.

Read More: Business credit cards for bad credit


Alternatives For Small Business Owners

Now, you know that the best business credit cards require a personal guarantee or SSN. But what if you can’t get approved for either? Here are a few alternatives for small business owners to get a business credit card.

Here are some of the alternatives for small business owners to get a business credit card:

Secured business credit cards:

These cards require a security deposit, but they can be a great way to build business credit. Wells Fargo Business Secured Credit Card  is one such example.

Wells Fargo Business Secured Credit Card
Wells Fargo Business Secured Credit Card

Secured personal card

If you can’t get approved for a traditional business credit card, you may want to consider a secured personal card. A secured personal card is a great way to build your credit history, and many of them don’t require a personal guarantee or SSN.

One such example is the Capital One Secured Mastercard. This card requires a security deposit, but it doesn’t require a personal guarantee or SSN.

Capital One Bank Platinum Visa for Rebuilding Credit
Capital One Bank Platinum Visa for Rebuilding Credit

Should you apply for a business card with your social security number?

Most people have a social security number, and it is used for many different things. It is your unique identifier, and it allows you to apply for things like credit cards and loans. However, you may be wondering if you should use your social security number when applying for a business card. There are some pros and cons to consider before making a decision. 

One pro of using your social security number when applying for a business card is that it can help to build your credit history. If you use the card responsibly and make all of your payments on time, then this can help to improve your credit score. This can be beneficial if you ever need to apply for a loan or another line of credit in the future. 

However, there are also some risks associated with using your social security number when applying for a business card. One risk is that your personal information could be stolen. If someone gets access to your social security number, they could open new accounts in your name or make other financial purchases. This could damage your credit score and leave you with a lot of debt. 

So, should you use your social security number when applying for a business card? Ultimately, this decision is up to you.

What Is the Easiest Business Credit Card to Get Approved For?

The easiest business credit card to get approved for is a secured business credit card. A secured business credit card requires a security deposit, but it can be a great way to build business credit. Wells Fargo Business Secured Credit Card is one such example. 


Conclusion

Getting a business credit card can be tough if you own a small company. However, there are some alternatives for small business owners to get a business credit card. Secured business credit cards and secured personal cards are two such options. Ultimately, the decision of whether or not to use your social security number when applying for a business credit card is up to you.

Do you have any other questions about business credit cards? Let us know in the comments below!


FAQ

  1. Do I need a social security number to get a business credit card?

    No, you do not need a social security number to get a business credit card. There are some business credit cards that require a personal guarantee or SSN, but there are also some alternatives for small business owners to get a business credit card.

  2. What is the easiest business credit card to get approved for?

    The easiest business credit card to get approved for is a secured business credit card. A secured business credit card requires a security deposit, but it can be a great way to build business credit. Wells Fargo Business Secured Credit Card is one such example. 

  3. Should I use my social security number when applying for a business credit card?

    This decision is up to you. Some people choose to use their social security number when applying for a business credit card so that they can build their credit history. However, there are also some risks associated with using your social security number when applying for a business credit card. One risk is that your personal information could be stolen.

    If someone gets access to your social security number, they could open new accounts in your name or make other financial purchases. This could damage your credit score and leave you with a lot of debt. 

  4. What are some alternatives for small business owners to get a business credit card?

    Some alternatives for small business owners to get a business credit card include secured business credit cards and secured personal cards. Secured business credit cards require a security deposit, but can be a great way to build business credit. Wells Fargo Business Secured Credit Card is one such example

  5. Can you apply for business credit card with EIN number?

    Yes, you can apply for a business credit card with an EIN number. Some business credit cards require a social security number, but there are also some alternatives for small business owners to get a business credit card. Secured business credit cards and secured personal cards are two such options.

  6. Do you need LLC for business credit card?
     

    No, you do not need LLC for business credit card, even partnetship can get business credit cards. However, some business credit cards require a personal guarantee or SSN. So if you want to avoid using your social security number when applying for a business credit card, you may want to consider a secured business credit card.

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