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"If you have a business partner or spouse, you have the opportunity to apply for a business credit card together, as long as both of you own at least 25% of the company and have excellent credit scores.
For instance, let's say you have an LLC where the husband and wife each own 50%. The husband can apply for the Chase Business Ink Unlimited card and be approved for a credit limit of $25,000. Similarly, the wife can also apply for the same card using her own social security number and the same EIN (Employer Identification Number), and obtain another credit card with a $25,000 limit. This means that with just one LLC, you can have a total credit limit of $50,000 at a 0% interest rate.
It's important to note that this strategy can be beneficial, and rewarding 馃敟
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Jackie Lavielle
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Tip of the day 馃殌馃殌馃殌
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