Money
EIN Only Business Credit Card Approval Guide
Secure your business’s financial future. Learn if you can get a business credi card with ein only and explore the best options for your company.
Many business credit card applications require a Social Security number or Individual Taxpayer Identification Number (ITIN). However, there are options available for getting a business credit card with just an Employer Identification Number (EIN). Corporate cards are one such option, and they are typically available to incorporated businesses. Other options include secured cards, cards with soft credit pulls, and business fuel cards. In addition, some business software companies offer business credit cards to their users. It’s important to understand that the eligibility requirements and application processes may vary depending on the type of card you are applying for.
Key Takeaways:
- It is possible to get a business credit card with just an EIN, without a Social Security number.
- Corporate cards are a common option for businesses with an EIN.
- Secured cards and cards with soft credit pulls may also be available for EIN-only applicants.
- Business fuel cards are a suitable option for businesses with high fuel expenses.
- Some business software companies offer their users business credit card options.
EIN-Only Business Credit Cards
EIN-only business credit cards, also known as corporate cards for incorporated businesses, are specifically designed for companies and issued to the business itself, rather than individual cardholders. These cards come with stricter qualification requirements, such as high revenue and cash-on-hand criteria, making them suitable for established and financially stable businesses.
When exploring options for EIN-only business credit cards, it’s essential to consider the NerdWallet rating, which provides valuable insights into the card’s features, benefits, and overall user experience.
Here are two popular EIN-only business credit cards:
The Ramp Card
The Ramp Card is an excellent choice for businesses looking for a comprehensive corporate card solution. This card offers cash back on all purchases and includes advanced spending controls and forecasting tools, providing businesses with greater control over their expenses and financial planning.
The Brex Card
For startup businesses, the Brex Card is a top contender. It offers industry-leading multipliers for rewards, allowing businesses to earn rewards quickly. This card also provides expense management features tailored to the needs of startups, making it an attractive option for early-stage businesses.
By selecting an EIN-only business credit card that aligns with your company’s financial goals and operational needs, you can leverage the benefits of corporate cards to streamline expense management and maximize rewards.
| Card Name | Key Features |
|---|---|
| Ramp Card |
|
| Brex Card |
|
Illustration: EIN-only business credit cards provide unique benefits for incorporated businesses, simplifying expense management and offering lucrative rewards.
Business Fuel Cards with EIN Only
Business fuel cards, also known as fleet cards, are a suitable option for businesses that have a significant expense for fuel. While some fuel card applications may ask for a Social Security number, there are options available that only require an EIN.
One such option is the AtoB secured fuel card, which can be applied for with just an EIN. The AtoB fuel card offers businesses the convenience of fueling up at various gas stations while streamlining expense tracking and providing detailed reporting. With competitive fuel discounts at partner locations and online account management, AtoB helps businesses effectively manage their fuel expenses.
Another provider is Coast, whose application asks for an SSN but the card itself does not require a personal guarantee and applying for it won’t impact your personal credit. Coast offers a range of fuel card options tailored to different business needs, with features like fuel purchase controls and enhanced reporting capabilities. Their user-friendly online platform allows businesses to easily manage their fuel expenses, increase efficiency, and gain valuable insights.
When considering business fuel cards with EIN only, it’s important to evaluate the features and benefits offered by different providers. Here’s a comparison table to help you make an informed decision:
| Business Fuel Card Provider | Features | Benefits |
|---|---|---|
| AtoB |
|
|
| Coast |
|
|
Other Options Besides EIN-Only Business Cards
While EIN-only business credit cards provide a convenient option for incorporating businesses, there are alternative choices available for obtaining a business credit card that require both an SSN and an EIN. These options cater to a broader range of business owners, offering diverse features and benefits.
BILL Divvy Corporate Card
The BILL Divvy Corporate Card is an excellent choice for businesses looking for comprehensive spend management software tools and flexible credit limits. This corporate card allows you to effortlessly track and control expenses, providing you with a streamlined approach to managing your company’s finances.
Capital on Tap Business Credit Card
If you have a fair credit score and want to earn cash back on all purchases, the Capital on Tap Business Credit Card is an ideal option. This credit card offers attractive rewards and a wide range of credit limits, making it a versatile choice for businesses of all sizes.
Business Credit Cards from Software Companies
Several well-known business software companies, such as Expensify, Stripe, Square, and Shopify, offer business credit cards as part of their suite of services. These cards are tailored to meet the unique needs of their software users, providing seamless integration and enhanced convenience.
Secured Business Credit Cards
For business owners with poor credit or who don’t meet the requirements for other types of cards, secured business credit cards can be a valuable option. These cards require collateral in the form of a deposit, which serves as a guarantee for the credit line. Secured credit cards help build or rebuild credit by demonstrating responsible financial behavior.
| Card | Key Features |
|---|---|
| BILL Divvy Corporate Card | Spend management software tools Flexible credit limits |
| Capital on Tap Business Credit Card | Cash back on all purchases Available to users with fair credit scores |
| Expensify Card | Integration with Expensify software Streamlined expense tracking and reporting |
| Stripe Corporate Card | Seamless integration with Stripe Specialized features for online businesses |
| Square Credit Card | Syncs with Square Point of Sale Easy management of sales and cash flow |
| Shopify Business Card | Designed for Shopify users Streamlined e-commerce tools |
| Secured Business Credit Cards | Collateral-based credit line Opportunity to build or rebuild credit |
These options extend beyond EIN-only business cards, providing businesses with greater flexibility and a wider range of features to meet their unique needs. Whether you’re looking for advanced spend management tools, attractive rewards, software integration, or a credit-building opportunity, there are business credit cards available to match your requirements and elevate your financial operations.
Can You Get a Business Credit Card Without an SSN?
Getting a business credit card without a Social Security Number (SSN) is possible, although it is not very common and often comes with strict eligibility requirements. Most small business credit cards typically require a personal guarantee, which means that you, as the applicant, are personally responsible for any debt incurred on the card. This personal guarantee is usually backed by your personal credit, which is why credit card issuers often check your personal credit report during the application process.
However, it’s important to note that the activity on your business credit card generally does not directly impact your personal credit score unless the account becomes seriously delinquent. It is advised to manage your business credit responsibly and make timely payments to maintain a positive credit profile.
One credit card issuer to consider is Capital One, which reports payment activity to both consumer and commercial credit bureaus. This means that your payment history and credit utilization on your Capital One business credit card can have a positive or negative impact on your personal credit score. It is crucial to monitor your credit usage and ensure that you make responsible financial decisions to protect and improve your personal credit health.