How To Get a Bank of America Business Credit Card – If you’re looking to apply for a business credit card, then you’ll want to look into the Bank of America Business Credit Card first! If you have questions about how to get a Bank of America Business Credit Card, then this guide will show you how to do that! If you need more information on what types of businesses qualify, please don’t hesitate to reach out using the contact information below! As always, thank you so much for reading, and if there are any topics you’d like me to cover in future posts, please let me know in the comments section below!
How To Get a Bank of America Business Credit Card
What You Should Know About The Bank of America Business Credit Card
Bank of America offers a variety of options for business credit cards, from the Platinum card to the Preferred Rewards card. What you need to know about the Preferred Rewards card is that it offers 3x points on gas and utility expenses plus 1x points on all other purchases. With this card, you will also receive no annual fee and no foreign transaction fees. It also includes free BoA cash rewards with every purchase.
It might be hard to get approved for a business credit card, but it’s worth applying for one because it can really help your small business succeed. You should apply for one today!
Benefits Of Bank of America Business Credit Cards
Bank of America offers a variety of credit cards for both business owners and employees. If you’re looking for a card that can help maximize your rewards or simplify your purchase process, there is a Bank of America card designed just for you.
A Premier Rewards Gold Visa® from Bank of America gives you the opportunity to earn 25,000 points after using the card to make $2,500 in purchases within your first three months; these points are redeemable for different types of items such as travel and electronics. The Platinum Plus® Visa Signature® card provides access to exclusive experiences like golf outings with instruction from PGA professionals and VIP access at concerts.
Steps For Getting Approved for a Bank of America Business Credit Card
To get a Bank of America business credit card, you will first need to create an account with the company. You can do this by visiting their website and entering your information on the apply now page.
They will request the following:
Your social security number, your personal information such as address and phone number, and bank account details. Then you will need to provide some basic information about your business, including your industry type and annual revenue. It is important that you list all of the products or services that are sold in order to be approved for a credit card. Once you have finished filling out the application, they will send a letter containing your pre-approved offer. If you wish to continue with this offer, simply sign and return the letter before your 30-day window closes.
Who Can Qualify for a Bank of America Business Credit Card?
Many business owners are eligible for a bank of America business credit card. Those who may qualify to includes:
- Freelancers
- Sole proprietors
- Limited liability companies
- Corporations
Choosing The Right Bank of America Business Credit Card
Bank of America offers a variety of business credit cards. The Cards range from a Platinum Visa Signature card to a Cash Rewards card, to an Amex Corporate business credit card. When choosing the right credit card for your business it is important to consider what the goal is and what type of rewards you want to get out of the card. For example, if you are looking for cash back on your purchases then the Cash Rewards card would be ideal, but if you are looking for travel benefits then either the Platinum Visa Signature or Amex Corporate cards would be best suited for you.
Information Needed When Applying for a BofA Business Credit Card
To apply for a bank of America business credit card, you will need to provide the basic information listed below.
- Provide your legal business name
- The business name you’d like printed on the credit card
- The type of business you own and run
- Your business address
- Your business’s federal tax ID number (or your Social Security number if you have a sole proprietorship)
- Provide documents showing the structure of your business, whether a sole proprietorship, LLC or corporation
- Provide our business email address and phone number
- Your number of years in business
- Your number of employees or workers
- Your monthly expenses
- Your annual/yearly revenue
You can get your Bank of America business credit card in just minutes by providing the above information to their representatives when you apply online or at any Bank of America branch. Once approved, you’ll receive your card within seven days in the mail!
How To Apply For Bank of America business credit card
1. Visit the Apply for a business credit card page on the Bank of America website.
2. Enter your contact information and select whether you are applying for an individual or business credit card before clicking Next.
3. Select the type of credit card you would like to apply for before clicking Next again.
4. Agree to the terms and conditions and click Agree & Continue.
5. Choose a password and answer security questions to complete your application, then click Submit Application.
6. Wait 10-15 minutes for your application to be processed, after which you will receive an email with your temporary account number from BofA in order to set up online access and make payments from your account. Once you have set up online access, log into your account and view detailed instructions on how to use the services available.
FAQs (Frequently Asked Questions)
What are the benefits of a Bank of America business credit card?
A BoA business credit card can help your company save on interest, improve cash flow, and make it easier to track expenses. You’ll get a free extra layer of identity protection when you use your card, too. Do I need to apply in person or online?
You can apply for a BoA business credit card online or in person at any location that offers them. What are the eligibility requirements?
Bankers will want to see that you have enough income and assets to cover the balance on your card, so they’ll look at things like your tax returns and investment portfolio. If you’re applying as an owner of a sole proprietorship, they’ll want to know if the credit line is secured by your personal assets such as home equity. If you don’t meet those qualifications now but are likely to do so in the future (like once your small business has been around for five years), then just wait until you do before applying.
To be eligible for a BoA business credit card, there’s no specific requirement about how long ago you opened your company–it only matters that it’s still operating under its original name. But keep in mind that credit lines are usually available in increments of $10,000 up to $100,000.