Question : What is the average credit limit on a business credit card? What information will I need to provide?
I have $30,000 and think to get business credit card. What is the average credit limit on a business credit card? What information will I need to provide?
- asked by dakeen forx
All Answers:
Answer #1
It deepends on the size of the business, Yourstatus (wether you are a dba, a corperate company,an llc, etc.), and you businesses average income,your credit history (if it is a dba), or thecredit history of the business. You will need toprovide your personal information, the businessesinfo (including the tin #) and proof that you area owner. Good Luck!
- answered by thikingdomcome
Answer #2
First of all you can lend me like $800.00 andyou'll be okay. But your credit limit depends onyou credit. If you use American Express that darnCharge card, then you are going to get somethinglike No credit limit which looks bad on yourcredit score. So You might wonna go with something that is around $20,000. If any thing goeswrong and you are suddenly out of work or you haveto shut your business then you that that thirtythat you are saving and stick it on the creditcard balance. Remember you won't go over tweny. You will need to provide work history, SSN, andamount you have in savings. If you have achecking account then that will also be helpful.
- answered by gatorboi19884870
Answer #3
Several different items are considered whenapplying for any credit card. Depending on thesize of the business, your credit history and evenif you have other accounts with the bank yourapplying for will determine how much credit youreceive. One of the nice features about abusiness card is that you can have a largecollective credit line on the primary card and addpeople to the account as users and assign aspecified line for each one.
- answered by Jeremy
Answer #4
Take a look at this information page
http://www.youbigg.com/Credit-Cards.html it liststypes of cards and information, it should alsoanswer your question.
- answered by markus878821
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