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Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Bussiness Credit Card

I working as self employer for the last 5 years at beauty salon.

I receive my paid check every week (through paid check **hand writting check**)  and file W2 every years.

Do i qualify for bussiness credit card ???


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
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Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Valued Contributor
ryanbush
Posts: 1,293
Registered: ‎08-19-2012

Re: Bussiness Credit Card

do you own the beauty salon?

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Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: Bussiness Credit Card

i dont own the salon but i pretty work for myself .....


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Established Contributor
scenery_guy
Posts: 951
Registered: ‎07-24-2012

Re: Bussiness Credit Card

If you get a W-2 then no, you are considered an employee. If you received a 1099-misc and filed schedule C and schedule SE they yes, you are a contractor or other type of self employed. 

Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: Bussiness Credit Card


scenery_guy wrote:

If you get a W-2 then no, you are considered an employee. If you received a 1099-misc and filed schedule C and schedule SE they yes, you are a contractor or other type of self employed. 


I received 1099 MISC......I have no idea what schedule i file but i do receive 1099 with no contractor........


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Established Contributor
scenery_guy
Posts: 951
Registered: ‎07-24-2012

Re: Bussiness Credit Card

But no W-2 for work at the salon? Just getting the 1099-misc makes you a sole proprietor or contractor or whatever you want to call it. With that info yes you can apply for a business credit card. List the amount on the 1099 as your sales or income. If they ask for Federal ID number just list your SSN. Good luck. 

Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: Bussiness Credit Card

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scenery_guy wrote:

But no W-2 for work at the salon? Just getting the 1099-misc makes you a sole proprietor or contractor or whatever you want to call it. With that info yes you can apply for a business credit card. List the amount on the 1099 as your sales or income. If they ask for Federal ID number just list your SSN. Good luck. 


There a few option they ask for .

I has my Federal ID number thou.

Industry type and Company structure.

Also number of employess !! should i just leave it 1 (me).

There not going to affect anything on my company side right ????


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Established Contributor
scenery_guy
Posts: 951
Registered: ‎07-24-2012

Re: Bussiness Credit Card

Just pick the closes industry or if they have "other" use that. Put SSN for EIN if you can. One employee fine. 

Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: Bussiness Credit Card

is that possible to do that since its not my company ????


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

New Contributor
Project17
Posts: 137
Registered: ‎11-21-2012

Re: Bussiness Credit Card

You are your company if you get a 1099. Company name Jane Doe. EIN social security number.

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