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For many small-business owners, obtaining a business credit card can be an effective strategy for managing expenses. Beyond offering a line of credit, these cards provide benefits such as building business credit history, earning rewards, and access to expense management tools.
The application process for a business credit card differs from that of a personal one. Applicants must provide not only personal information but also details about their business, including its duration, annual revenue, and employee count. A crucial part of the application is specifying the business name, which could be either the owner's personal name or the legal business name.
Choosing the appropriate name depends on the business structure. Banks allow applications under various structures like partnerships or sole proprietorships. Larger businesses often apply with their registered names. However, sole proprietors might find this decision more complex.
