Updated over 14 years ago on . Most recent reply
Secured Business CC for Building Business Credit?
Years ago I got a secured personal credit card to build my credit. Basically, you pay a "deposit" up front and that becomes your collateral and limit on the card. It's risk-free for the bank and they reported my payments to all 3 Credit bureaus. Worked like a charm, too!
I'm now looking to do the same with my business credit. Anyone know of any secured business cards like this? I can get a business credit card very easily by giving a personal guarantee, but I'm looking to do this strcitly under my EIN number.