What You Need to Know Before Filling Out a Business Credit Card Online Application

Thanks to the Internet and the creation of the business
credit card online application, the days of searching high
and low for snail mail apps and waiting weeks for approval
are long gone. Nowadays, getting a business credit card is
as easy as logging on to the Web and filling out a simple
form. However, there are a few things you need to know
about business credit cards and online applications before
you jump in with both feet.

Your Personal Information Matters

If you're one of the many who think your personal
information will play no part in the business credit card
online application process, you're sorely mistaken.

Unless you have a well-established business that is its own
entity with its own credit history, you're going to need to
put your credit on the line and you'll need to provide your
personal information (including your social security
number) to the credit card company.

Credit Limits Don't Change Too Much

When you submit a business credit card online application,
you may be expecting a larger credit limit than you would
normally qualify for. After all, it's a business credit
card, right? Don't get your hopes up.

Chances are you're making a personal guarantee to qualify
for the business credit card. Because of this, the credit
limit you are granted will coincide with your own credit
rating. If your credit is excellent, you may indeed have a
credit limit in excess of $10,000 when your business credit
card online application is approved.

On the other hand, if you need credit improvement, Your
limit isn't going to be much higher than it would be on a
personal credit card. In fact, $500 (or maybe even less)
may be a more likely scenario.

It Might Not Be Instantaneous

Many of us have become accustomed to online credit card
applications offering instant approval. Business credit
card applications, however, are not always an instant
gratification process.

When you submit a business credit card online application
don't be surprised if it takes a week or two to get a
response. Many business credit cards don't offer online
instant approvals yet.

Compare, Compare, Compare...

Of course, just as you would do with personal credit cards,
make sure you compare the terms of the various business
credit cards available before filling out any business
credit card online application. The difference between two
credit card offers can be like the difference between night
and day. Make sure you understand which credit card will
work best for your specific needs before submitting your
business credit card online application.

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For more tips on business credit cards, saving money and
avoiding getting taken, check out the student credit card
section at CreditCardTipsEtc.com, a website that
specializes in providing credit card tips, advice and
resources.
http://www.creditcardtipsetc.com/business_credit_cards