Are Business Credit Cards No Credit Check Applications For Real?

Are Business Credit Cards No Credit Check Applications For Real?
If you're like most business owners, you've probably
received more than one business credit cards no credit
check application. They promise you a high-limit credit
card for your business with no credit check involved. Are
these applications for real? Usually not. Here are some
things you need to watch out for.

First Things First

First and foremost you need to understand that no
legitimate credit card company is going to offer you or
your business a credit card without running a credit check.
The only exception to this rule is in the case of prepaid
or secured credit cards. If you want an unsecured business
credit card, a credit check will be needed regardless of
what the con artists want you to believe.

The Money Factor

One of the first things you need to look into when you
receive those business credit cards no credit check
applications is whether or not the company sending the
application is asking for any up-front money. If a credit
card company asks you to send in money before they issue a
card, it's a scam.

The only exception to this rule is in the case of secured
credit cards, where a deposit is necessary in order to
secure your line of credit. Legitimate credit card
companies will not expect up-front payments for application
or processing fees. If fees are charged, they'll be charged
to the credit card account once the card is issued to you.

Weighing Your Options

If you are looking to establish credit for your business,
don't fall for those business credit cards no credit check
applications. Instead, look into obtaining a secured
business credit card to meet your business's credit needs.
You will have to provide an initial deposit (usually a $300
minimum) but it's a great way to build the credit your
business requires.

The good news is that secured credit cards can lead to
unsecured credit cards. They're the means to an end, not
the end itself. If you pay your secured business credit
card on time each and every month, eventually your business
will be able to qualify for an unsecured credit card and
the credit check won't matter.

Credit cards are basically an unsecured line of credit, and
no lender in their right mind would issue you one without
knowing what your business's credit history or your
personal credit look like. If you're serious about the
financial well-being of your business and building a solid
business credit history, put those business credit cards no
credit check applications where they belong -- in the
garbage.

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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