Business Credit Cards

Best Business Credit Cards with EIN Only

When it comes to running a business, having a separate credit card for your business expenses can be extremely beneficial. It helps you keep track of your expenses, build credit for your business, and separate your personal and business finances. However, obtaining a business credit card can sometimes be challenging, especially if you are a small business owner or a freelancer who operates under an Employer Identification Number (EIN) only. In this article, we will explore the best business credit cards that cater specifically to individuals with an EIN only.

1. American Express Plum Card

The American Express Plum Card is an excellent option for business owners who solely operate under an EIN. This card offers flexibility and convenience in managing your business expenses. With the Plum Card, you have the option to pay your balance in full within 60 days without incurring any interest charges. Alternatively, you can choose to carry a balance with an extended payment period. This feature is particularly helpful for businesses that experience fluctuating cash flows.

2. Capital One Spark Classic for Business

Another great option for entrepreneurs with an EIN only is the Capital One Spark Classic for Business. This card is designed specifically for small business owners and offers numerous benefits. It has no annual fee and provides a straightforward rewards program. For every purchase you make, you earn 1% cash back, which can add up quickly over time. Additionally, this card helps you build business credit, which can be instrumental in securing loans or other financing options in the future.

3. Chase Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card is an ideal choice for business owners who are looking to maximize their rewards. With this card, you can earn cash back on various business expenses, such as office supplies, internet services, and phone bills. Additionally, it offers a generous sign-up bonus and has no annual fee. The Chase Ink Business Cash Credit Card also provides valuable travel and purchase protection benefits, making it an all-around practical choice for business owners.

4. Discover it Business Card

If you are seeking a business credit card that offers competitive cash back rewards, the Discover it Business Card is worth considering. It provides unlimited 1.5% cash back on all purchases, with no spending caps or category restrictions. Moreover, Discover matches all the cash back you earn at the end of your first year as a cardholder. This perk can significantly boost your rewards earnings, making it an appealing choice for business owners.

5. Wells Fargo Business Secured Credit Card

For individuals with an EIN only who are looking to build or rebuild their credit, the Wells Fargo Business Secured Credit Card is an excellent option. This card requires a security deposit, which becomes your credit limit. By using this card responsibly and making timely payments, you can establish or improve your business credit. Additionally, Wells Fargo periodically reviews your account, and if you demonstrate responsible credit management, you may qualify for an upgrade to an unsecured credit card in the future.

Conclusion

Obtaining a business credit card with an EIN only may sometimes seem challenging, but it is not impossible. The key is to research and identify the best options available that cater specifically to your needs as a business owner. The American Express Plum Card, Capital One Spark Classic for Business, Chase Ink Business Cash Credit Card, Discover it Business Card, and Wells Fargo Business Secured Credit Card are among the top choices for individuals with an EIN only. Evaluate their features and benefits to find the one that aligns with your business goals and financial needs.