How to Get a Credit Card if You're Self-Employed

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How do you get a credit card if you are self-employed and have no credit history? These 6 tips are your best options of getting a business credit card.

How do you get a credit card if you are self-employed and have no credit history? These 6 tips are your best options of getting a business credit card.

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  • 1. How to Get a Credit Card if Youre Self-Employed
  • 2. How to Get a Credit Card if Youre Self-Employed There are many advantages of having a credit card as a self-employed person. It could alsobe a great source of financial problems if you use your anyhow. There are a good number ofpeople who think that you the only way of getting a credit card is if you are in a job. In other words you have to be employed, as opposed to being self-employed, to qualify for a card. This is definitely not so at all. Yes, there are people who are self-employed and have experienced difficulty getting financing such as mortgages and auto loans. However, this does not mean that you cannotget a card if you wanted to. There are banks who will discuss the possibility of getting a cardas a self-employed individual or even getting you business credit card. We take a close look at these options using these 6 tips and I encourage you to do take and use them when you applying for a credit card as a self-employed person.
  • 3. How to Get a Credit Card if Youre Self-Employed 1. Do Your Research. The main goal of the research is to help find the lender with thelowest possible interest rates for those who are self-employed. Usecard comparison sites to compare different cards, so that you have a good understanding. Do you belong a credit union and do they offer credit cards? Go to their office and let them brief you on their cards and how you canget one. But do not sign up for their card yet. We want to find out if we can the best deal with the lowest rates.
  • 4. How to Get a Credit Card if Youre Self-Employed 2. Pay Attention to Reviews Reviews are very important when selecting a particular card company to borrow money from. How do you get thesereviews from people who have used their products and services in the past? Just do an Internet search for company credit card problems. Read as many of them as possible. Repeated complaints from different users or even one user should be a warning sign to you to stay away.
  • 5. How to Get a Credit Card if Youre Self-Employed 3. Sort Out The Best OffersYou want to find a company that offers a low-interest rate plus no or little annual fee. The thing is that for many lenders, you will be charged an annual in addition to the interest you pay on yourbalances. So if you find a deal where you dont pay any of these fees,then it is a great deal. Get the latest terms and conditions of the card lender to ensure that you have the most accurate information. And read them.
  • 6. How to Get a Credit Card if Youre Self-Employed 4. Once you find a card provider who meets yourrequirements, go their website and make your applicationonline. You can do this from your home computer withoutthe need for any special software or systems. Most onlineapplications for credit cards from companies websites are very comprehensive. There is the possibility of getting aninstant approval or denial of your application if you make your application online.
  • 7. How to Get a Credit Card if Youre Self-Employed 5. Consider Small Business Credit CardsSince you are a small business owner, you may be eligible for a small business credit card. Most of these cards dooffer a lot of other fringe benefits. So talk to your banker.But if you choose this route, then make sure you pay your balances on time so that you dont carry a high balance.
  • 8. How to Get a Credit Card if Youre Self-Employed 6. Secured Credit Cards If all else fail to get your card as a self-employed person, consider getting a secured credit card. Talkto your account manager at your bank about gettinga secured credit card using your savings or checking account.
  • 9. How to Get a Credit Card if Youre Self-Employed So what’s the next step? Go to our website at: http://www.LendingAndCredit.netTo discover more tips on building your credit score, gettingapproved for different types of credit cards and lots more.