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How to get a business credit card with just an EIN

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Most business credit card applications require a Social Security number or individual tax identification number. Corporate cards are an exception. If you only want to use your Employer Identification Number (EIN) when purchasing business cards, a business card may be the best option for you.

However, depending on why you want to get an EIN-specific business card, this may not be your only option.

Want to separate your work and personal money? All business credit cards can be useful if used properly. The same applies when establishing business credit for a new EIN. Also, if you're unsure of your eligibility, a secured card or a card that only pulls soft credit may also make sense.

Learn more about EIN-only business cards, how to get them, and other options that may be right for your business.

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EIN-only business credit card

Many EIN-only business credit cards are corporate cards. These cards are only available to corporate businesses and are issued to companies, not individuals.

Traditionally, corporate cards have been offered by brands like Chase and American Express. Their cards often have high earnings and cash reserves requirements.

However, financial technology companies are now offering corporate cards with less stringent eligibility requirements. Some of the best options for these EIN-only cards include:

Best for: EIN-only cards for small and medium-sized businesses

Earn unlimited lamps

1.5%

Earn cash back on every purchase and include benefits like spend management, predictive tools, automatic receipt matching, and more. To qualify, you must have at least $75,000 in your business bank account and link that account to your Ramp Card when you apply. Read the full review.

Best for: Startup business cards that only contain an EIN

Brex is aimed at professionally funded startups and requires a bank balance of $50,000 ($1 million if self-funded) to qualify. This card has a decent welcome bonus, giving you the chance to win big rewards.

Earn points on every spend with industry-leading multipliers. 7x on rideshares, 4x on Brex Travel, 3x on restaurants, 2x on software subscriptions, and 1x on all other transactions. Earn 3x Brex Rewards points on all eligible Apple purchases through your link or Brex Dashboard.

Read the full review.

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Nerd wallet evaluation

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normal annual interest rate

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Recommended credit score

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630850average – excellent

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Expenditures and Expenses in BILL

EIN-only business fuel card

If gas is one of your business's main expenses, a fleet card may be right for you. These cards are perfect for businesses that manage at least five vehicles and are more focused on tracking driver expenses than earning big rewards.

For example, you can apply for an AtoB secure fuel card with just your EIN. Additionally, although Coast's application requires you to enter your Social Security number, the card does not require a personal guarantee and applying for it will not affect your personal credit.

Options other than EIN-specific business cards

These business credit cards require you to enter your Social Security number along with your EIN when you apply. However, they only do soft credit pulls, so your application won't affect your personal credit score.

BILL Divvy Corporate Card

Perfect for: expense management software tools

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BILL Divvy Corporate Card

It offers a wide range of credit limits from $500 to $5 million and has a low minimum bank account balance (at least $20,000), making it a more accessible option for small businesses than EIN-only options like Brex or Ramp. There is a possibility. It may be more accessible for small businesses. Beyond that,

BILL Divvy Corporate Card

Includes powerful spending management tools and the potential for great rewards (if you choose weekly billing).

Earn up to 7x rewards on restaurants and 5x rewards on hotels with weekly billing. Terms and conditions apply.

Read the full review.

Capital on Tap Business Credit Card

Best for: Cashback on all purchases

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Capital on Tap Business Credit Card

Because it's a traditional credit card rather than a corporate card, users can carry a balance from one month to the next as they wish. In addition, traditional business offers him credit card benefits as well.

1.5

% cashback and sign-up bonus on all purchases. It is available to users with a fair credit score, but not to self-employed individuals. Read the full review.

Other options

Many business software companies may also give you the option of obtaining a business credit card through them if you already use their services. These products include:

  • of Expense payment card Expensify comes from an expense management platform and is not actually a credit card. You can only spend money that's in your business account. However, you can allow your employees to shop at your business and offer cash back.

  • of striped corporate card And that square credit card from Payment providers Stripe and Square each offer invitation-only corporate cards with credit limits based on your company's payment processing history. Square says the application will not affect a person's credit. Stripe does not require a personal guarantee.

  • Shopify offers no credit check business cards for eligible sellers on its e-commerce platform. Applicants will have to provide their Social Security number to verify their identity, but Shopify says it won't affect their personal credit.

secure business credit card

Secured business cards are a good option for business owners with bad credit who don't meet the financial requirements for business cards or the other options listed above.
A secured business credit card doesn't require a high credit score, but you do need a taxpayer identification number (Social Security number or Individual Taxpayer Identification Number) to apply. You cannot apply with just an EIN.

First National Bank Business Edition® Secured Mastercard® Credit Card

of

First National Bank Business Edition® Secured Mastercard® Credit Card

reports card activity to Dun & Bradstreet, one of the three major business credit bureaus, so on-time payments can help build your business credit score. This secured card requires a credit check (personal credit) and a deposit to determine your credit limit ($2,000 to $10,000 in multiples of $100).This card costs $

39

Annual fee.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secure Credit Card

Bank of America's Business Advantage Unlimited Cash Rewards Secured Credit Card earns unlimited 1.5% cash back on all purchases. You must put down a deposit equal to your credit limit (minimum $1,000). Bank of America will periodically review your secured card and may upgrade you to a non-secured card if you qualify. This card has no annual fee.

Why can't I get a business credit card using just my EIN?

Most small business cards require the applicant to personally guarantee the debt on the card. This means that even if your business goes bankrupt, you are still responsible for repaying the debt.

Card issuers use your personal credit score as a basis for approval and use your SSN or ITIN to verify your personal creditworthiness, even if you also provide an EIN. Many small business cards require good or excellent personal credit (usually a FICO score of at least 690).

Will EIN-only cards affect my personal credit?

Using your business's Employer Identification Number (EIN) when applying for a business credit card is a smart move for a variety of reasons. First, an EIN helps you draw a clear line between your professional and personal expenses. It is also essential for establishing a business credit history.
But if you're looking for an EIN-only business credit card to protect your personal credit, don't worry. Business credit card activity generally doesn't affect your personal credit score unless your account is seriously delinquent.
However, there are some exceptions. For example, Capital One offers most business credit cards (

Capital One Spark Cash Plus

and

Capital One Venture X Business

is an exception). The effect can be positive or negative. If you pay on time and have a low credit utilization ratio (ideally less than 30%), the account can improve your personal credit score. However, if you miss payments and end up with a large amount of debt, your score can suffer.

Your personal guarantee will still apply regardless of whether your small business card is reported to the credit bureaus. If the company goes out of business, you are responsible for repaying the card.



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