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How to Get the Cash Flow for Your Business: An Introduction to the Business Credit Card

Many readers are not familiar with the business credit card. There is one common misunderstanding that you must register a company before you can apply for business credit card. This is not true. Actually, if you have sold a used book on eBay, constructed a website, or even just have an idea to start a business, you are qualified for one type of business card, we call it small business credit card.

To apply for a small business card, you must be clear that:

  • you are entitled to have business activities in the US (which means you are not under some specific visa status, such as F-1)
  • When you apply, you need to choose “Sole Proprietorship” as your company structure.
  • You can use your SSN as your Tax ID

For myself, a good business card will give me more rewards with less costs. Therefore, I like to choose a card without annual fee, having 0 APR for at 12 months (this is very important for cash flow as it means no-interest loan), and of course having good earning structures.

Using these criteria, I have 2 cards for beginners.

FNBO Evergreen Business

  • Earn Unlimited 2% CASH BACK on every purchase.
  • $200 cash bonus (20,000 points equivalent) when you spend $1,000 within the first 3 billing cycles after account is opened.
  • No Annual Fee.
  • Earn 10,000 Bonus Points every Anniversary with $10,000 annual spend.
  • 0% introductory APR on purchases and balance transfers for the first 12 billing cycles after account is opened.

American Express Blue Plus Business

  • 15000 American Express Points
  • Everything 2X points for the first 50,000 spending every year (After that 1X point)
  • No annual fee
  • 0% introductory APR on purchases for 12 months from the date of account opening.

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