If you’re trying to apply for a credit card or a business loan, there’s no way around it: your credit score is going to be a factor in whether or not you get approved. So what do you do if you have bad credit? Or if you don’t have a social security number? Is it possible to get approved by credit card companies using just your business’s employer identification number (EIN)?
The short answer is yes: you can apply for certain business credit cards using just your EIN. EIN-only cards are great for building your business credit, and they’re a huge help when it comes to keeping your personal and business expenses separate. The catch is they typically require cardholders to meet minimum revenue requirements and have more than a year’s worth of business history. In other words, most small businesses don’t qualify.
Here’s everything you need to know about applying for a business credit card using only your EIN.