02-05-2014 09:28 PM
You don't need a business per say, but they don't like the idea of you using it as a personal card. The regulations behind a personal CC and business CC are different. If you have any form of "business" income. Sell stuff on ebay, make sweaters, fix computers, kid sit whatever that counts as business income.
02-05-2014 09:31 PM - edited 02-05-2014 09:33 PM
I see. Thank you for the reply.
There is lot of info on this on the various blogs, one, forget which, does the usual spoonfeeding of what to say to each of the likely questions. But lots of people who don't "really" have a business, e.g don't file a Schedule C, get these cards for the sign up bonuses and the useful categories.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.