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Small Business Credit Cards: 7 Myths Debunked

by Max Anderson on Jun 10, 2009

Small Business Credit Cards: 7 Myths Debunked


Small business credit cards are everywhere and the top credit card companies are offering cards to meet almost every business need. The problem is that small business credit cards are some of the most misunderstood credit cards on the market.

Let's take a look at some common misconceptions and debunk some of the most popular small business credit card myths.

1. No Credit Necessary

Many people assume that their personal credit history really has no impact on their ability to qualify for small business credit cards. This couldn't be further from the truth. Unless you have a large, well-established business with a significant credit history of its own, you're going to need your personal credit history to guarantee the small business credit cards you apply for.

Credit card companies will be running your credit report when you apply for small business credit cards and you will often be required to provide your personal...Read More >>



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