Obtaining Credit card for LLC

[Niyi Adewole]

Good afternoon BP family, Home Depot offers a 24 month 0% financing card, but it is only available to “consumers”. I have a project within my real estate business/llc that will cost around $20K that this card would be perfect for. Has anyone opened a credit card in their name and used it strictly for the LLc? Or is this a strict no/no? Any guidance would help

[Brendan M.]

You actually don't NEED a duns number to get a credit card for your llc. You can get up to 2 credit cards (every 60 days max of 4 total) and as many charge cards as you desire for your llc from American Express. All you NEED is an ein number. The benefit of these Amex business cards is that they don't report to your personal credit report unless you default. This means the utilization category on your personal credit will not be impacted. Nor, will any lenders be able to see said accounts without looking up your business's (llc) credit. Hope this helps