Corporate Credit Card for Startups or Ecommerce Businesses

November 12, 2019 By Marco Carbajo

Corporate Credit Card for Startups

Did you know a corporate credit card is a special type of credit card issued to a company with millions or more in annual revenue?

In fact, with a corporate credit card there is no personal guarantee, the liability for nonpayment falls solely on the business itself rather than an individual.

What about business credit cards?

Business credit cards are designed for a business of any size, including small businesses or solo entrepreneurs. In almost all cases, business credit cards require a personal credit check and personal guarantee.

At the end of the day it’s all about risk for the card issuing bank. The stronger a business, the less risk it imposes, which is why companies doing millions in revenue are not required to supply a personal guarantor on corporate credit cards.

Be sure to check out our post on Business Credit Cards vs Corporate Credit Cards for a complete breakdown.

I’m sure you’re probably wondering if a corporate credit card is for companies doing millions in revenue how is it possible for a startup to qualify for one?

In today’s post we’re going to talk about how to get a corporate credit card as a startup or Ecommerce business without doing millions in revenue.

Not only that, but this corporate card issuer reports your monthly activity to two major business credit reporting agencies.
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Business Credit Cards vs Corporate Credit Cards

March 20, 2019 By Marco Carbajo

Business Credit Cards vs Corporate Credit Cards

When it comes to making business purchases; business credit cards and corporate credit cards play a vital role. But what is the difference between each one and which is ideal for your business?

In today’s post we are going to talk about everything you need to know about business credit cards vs. corporate credit cards. You’ll learn the similarities, the differences, the qualifications, and which one requires a personal guarantee and which one doesn’t.

Let’s get started.

Both business credit cards and corporate credit cards are similar because they are both a revolving source of funds you can use anywhere Visa®, MasterCard®, Discover, and American Express are accepted.

You get access to a pre-set credit limit that you can borrow against at any time. When you pay down the principal the credit becomes available to use over and over. Also, you can maintain a revolving balance on both business credit cards and corporate credit cards.
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Who Else Wants Corporate Credit Cards Reporting Only To Business Credit Reports?

March 17, 2011 By Marco Carbajo

Corporate Credit Cards

Tired of your business debts showing up on your personal credit reports?

You may have had good intentions opening up that corporate mastercard for your business only to find out the hard way that the $5,000 equipment purchase you recently put on your card now shows up on your personal credit files.

What’s even worse is your credit score also took a hit because the new debt just negatively impacted your personal debt to credit limit ratios too!
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