Many people think that business credit cards are reserved for those running large companies. But did you know that even your side hustle could qualify you for a business credit card? Whether you’re freelancing, selling on platforms like Etsy, driving for Uber, or renting out a room on Airbnb, you are eligible to apply and can even unlock more rewards.
Here’s everything you need to know about qualifying for a business card, even with a side hustle!
1. Do I Need an Official Business to Qualify?
The short answer is no! You don’t need an LLC, corporation, or any kind of formal business structure to apply for a business card. Many people apply as sole proprietors, which means they’re running their business under their own name.
If you’ve made any income from a side gig, hobby, or freelance work, that can qualify as a business activity. Some common side hustles that may qualify you include:
- Ridesharing (Uber, Lyft)
- Freelance writing or graphic design
- Selling products online (Etsy, eBay, Amazon)
- Tutoring or coaching
- Renting out a property (Airbnb, Vrbo)
When applying as a sole proprietor, you’ll simply use your Social Security Number (SSN) instead of an Employer Identification Number (EIN).
2. What Information Will I Need for the Application?
When applying for a business card, you’ll need to provide some basic information, including:
- Your name and address (personal information)
- Business name (use your name if you’re a sole proprietor)
- Annual income (including both business and personal income)
- Estimated business revenue (it’s okay if it’s low or even $0 as a new business)
- Years in business (even if your side hustle is new, you can still qualify)
Most card issuers are understanding of small side hustles, so don’t stress if your business revenue isn’t huge or you’ve only been doing it part-time.
3. Why Should I Get a Business Card?
There are plenty of reasons why getting a business credit card can benefit you, including:
- Separation of personal and business expenses – This makes it easier to track spending for tax purposes and manage your side hustle’s finances.
- No reporting to personal credit – Most business credit cards do not report to personal credit bureaus (some issuers do), which helps keep your credit utilization lower and protects your personal credit score.
- Earn valuable rewards – Many business cards offer points, miles, or cash back for every dollar you spend, which can add up fast!
- Higher credit limits – Business cards often come with higher credit limits than personal cards, allowing you to manage your side hustle’s cash flow more easily.
- Sign-up bonuses – Some business cards come with huge bonus offers, like 90,000 points after meeting a minimum spend requirement (like the one I’ve recently written about).
4. Common Myths About Business Card Applications
There are a few misconceptions that prevent people from applying for business cards, so let’s clear them up:
- Myth #1: I need a registered business
Truth: You can apply as a sole proprietor and use your personal SSN. - Myth #2: I need a lot of business income
Truth: You can apply even if you’ve just started and have little or no income yet. - Myth #3: Business cards are only for full-time entrepreneurs
Truth: Part-time freelancers and side hustlers are welcome to apply!
5. Pro Tips for Getting Approved
- Keep your credit score healthy. While you don’t need perfect credit, having a good personal credit score will increase your chances of approval.
- Be honest about your side hustle. Provide accurate information on your revenue and business activity, even if it’s just starting.
- Leverage your personal income. Since many side hustles start small, you can include your personal income when filling out the application to boost your profile.
6. Ready to Apply? Here’s My Top Business Card Pick!
Now that you know qualifying for a business card is easier than you think, it’s time to take advantage of some amazing offers. One of my favorite business cards right now offers 90,000 bonus points with no annual fee—perfect for side hustlers looking to maximize rewards without extra costs.
You can learn more about this top business card and how to apply here: Earn 90,000 Bonus Points with No Annual Fee!
Final Thoughts
Don’t let the term “business card” intimidate you! If you’re running a side hustle, small business, or even just freelancing on the side, you may already qualify for a business credit card. The rewards, bonuses, and benefits can help you grow your hustle and reach your financial goals faster.
If you have any questions about qualifying or need help choosing the right card, feel free to reach out! I also offer personalized credit card consultations to help you get the most out of your spending.
Reminder: Use Our Links to Support the Blog!
If you’re finding this post helpful, don’t forget that you can apply for the card and help support my blog at no extra cost by using the links provided here. Every time you use my links, I can continue sharing tips and strategies for maximizing your points and rewards. I truly appreciate your support!
Thank you for being part of the Journey with Reese J community!
