Establishing and Growing Your Business Credit with Credit Cards

Credit cards can be a valuable tool for establishing and growing your business credit. Here are some tips to help you use credit cards effectively to build your credit:

• Apply for a business credit card: Look for a business credit card that offers rewards and benefits that are useful to your business. Some cards offer cash back or travel rewards, while others offer discounts on business expenses such as office supplies or shipping. When you apply, be sure to use your business name and address.
• Use your card regularly: To build credit, you need to use your card regularly and make payments on time. Use your card for business expenses such as office supplies, travel, and advertising. Avoid using your card for personal expenses.
• Pay your balance in full each month: To avoid interest charges and late fees, pay your balance in full each month. This also shows lenders that you are responsible with credit.
• Keep your credit utilization low: Your credit utilization is the amount of credit you are using compared to your credit limit. To build credit, keep your credit utilization low (ideally below 30%). This shows lenders that you are not relying too heavily on credit.
• Monitor your credit report: Regularly check your credit report to ensure that all information is accurate. If you find errors, dispute them with the credit bureau.
• Consider a secured credit card: If you have no credit or poor credit, consider applying for a secured credit card. With a secured card, you put down a deposit that serves as your credit limit. This can help you establish credit and eventually qualify for an unsecured card.

Remember, building credit takes time and patience. Be consistent with your credit card usage and payments, and your credit score will improve over time. 

Call +1-800-834-8767 for how to Get Business Credit Cards.