Reasons to Apply for a Business Credit Card as an Individual Consumer
Business credit cards are the credit card industry’s best-keep secret. They feature lower APRs, better rewards, and better introductory terms than consumer cards—and anybody with good credit can get one. No business? No problem. Here are five reasons to swap your current plastic for a business card.
Better balance transfers
The number one reason to get a business credit card? Many feature longer 0% balance transfer offers than consumer credit cards. At the time of this article, Advanta—a leading credit card issuer for small businesses—offered a 0% balance transfer for 15 months on the no annual fee Advanta Platinum Card.
Better 0% introductory offers
Want to make a big, new purchase and pay it off over time—for free? Most consumer cards only feature intro APRs for six or 12 months, but some business cards offer 0% APRs for as long as 15 months.
Useful rewards
What's Next?
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This is really interesting — I’ve never heard of consumers getting business cards, though it makes sense after reading your list. But I wonder if when you’re applying, they ask questions about your business? I’ve never applied for a business card, so I’m not sure how much information they need…could be tricky, though, if they want specifics about the biz.
That is only 4 reasons. 1, 2, 3, 5. Just wanted to give you a heads up on that.
Good call, Tyler. This post was written a ways back and at some point with all the credit changes #4 ceased to be relevant. I deleted it in a hurry and forgot to renumber them. Oops.