EIN & ITIN

Easiest Way to Get Business Credit Cards Using Only EIN in 2021

In this article, we are going to talk about how you can get business credit cards using your EIN only that’s not linked to your social security number (SSN).

Just as you have an SSN, your business has its own identifier which is called an Employer Identification Number (EIN).

What is an EIN? #

An Employer Identification Number is a nine-digit number is issued by the Internal Revenue Service and assigned to U.S. businesses for tax and reporting purposes. An EIN is required for several reasons:

  • Applying for a Business License
  • Tax Filing and Reporting
  • Opening a business bank account

EIN and Business Credit Cards #

Just as you can build credit for your SSN, your business can also build credit for its EIN. When done properly, your business can qualify for credit based on this EIN not needing your personal guarantee. So, think about like this:

  • If you buy a car, it’s your choice whether or not you want to add a co-signer or not to the application
  • If you add them, both of your credit is used for the approval decision, but you can also apply alone without another signer
  • In this case, mentioned above, only your credit would be used to determine your approval.

Well, business credit cards work fundamentally the same way on the application credit you can decide whether you want only your EIN credit to be evaluated, or both your SSN and EIN credit. If your EIN has an established credit profile and score, it can often stand alone and qualify without the personal SSN credit check, meaning you don’t even need to put the social security number on the application. There is no credit check and guarantee because all that’s being evaluated for the approval decision is your EIN.

So, when all these happen, you can get approved without a credit check or guarantee. Because again, you never even supplied the social security number for the actual approval. Now the important points to know are to avoid the credit check and guarantee, you must leave your SSN off the application, so for approval credit issuers will want to see that you have a solid EIN credit profile with good business scores.

You will need to start with starter vendors that will prove you for initial credit and report it to the business credit reporting agencies (CRAs). You will not be approved if you go to a bank or store first. You have start business credit with vendor accounts who offer net 30 terms, then give them up to 90 days to report your new accounts after you use them and pay your bills.

business credit card ein

With 5 accounts you can then start getting actual store credit at places like Lowes, Amazon, Walmart and more… And with a total of 10 accounts, you can start getting actual cash credit cards such as Visa Card, Master Card or American Express Card you can use anywhere. Typically, starting out you can get 5 to $10,000 limits and build from scratch your business credit.

How to apply for an EIN? #

To obtain an Employer Identification Number (EIN), filling out Form SS-4 is required. It is a one-page long-form and essential during filing your EIN application. Here is some requested information on the Form SS-4:

  • The legal name of entity or individual
  • Trade name of the business
  • Executor, administrator, trustee, “care of” name
  • Mailing address
  • Name of the responsible party
  • SSN, ITIN, EIN
  • Signature
  • Reason for applying and more…

Do not worry, your EIN application will be quite easy through our consulting. Please feel free to ask for help anytime, from anywhere in the world. Get your EIN in the fastest and cheapest way: [email protected]