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What credit score do you need for business credit cards?

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What credit score do you need for business credit cards?

670 or higher
This means your personal credit score does affect your chances of getting approved. Generally, the best small-business credit cards require a score of 670 or higher. While you might be able to qualify for a card with a lower score, you’ll likely pay a higher interest rate or earn fewer rewards.

Can you get a business credit card with a 600 credit score?

Most business credit card issuers require good to excellent credit. That often means a 680 FICO score or above. A few, however, are more flexible and may allow personal credit scores in the mid-600s or lower.

Do you need good credit for a business credit card?

In most cases, you’ll need a good or excellent credit score to be approved for a business credit card. However, you may be able to find some issuers that will accept you for a card with a lower credit score — especially if your business is well established or has significant annual revenue.

Can I get a business credit card with a 620 credit score?

Meanwhile, most other unsecured business credit cards out there require that you have a personal credit score of at least 620 in order to qualify for a card. Once you surpass that 620 threshold, you’ll be able to access some of the very best business credit cards—all unsecured–on the market.

Is my credit the same as my business credit?

Your personal credit score and business credit score are two separate but related numbers that tell lenders how creditworthy you, or your business, are. On the surface, the difference between the two scores is clear: One relates to your personal financial history, and the other to your business’s financial history.

How do I get credit for my LLC?

Eight steps to establishing your business credit

  1. Incorporate your business.
  2. Obtain an EIN.
  3. Open a business bank account.
  4. Establish a business phone number.
  5. Open a business credit file.
  6. Obtain business credit card(s)
  7. Establish a line of credit with vendors or suppliers.
  8. Pay your bills on time.