Credit cards have become very useful and conventiet tools for shopping because those who own these cards have the privilege to make purchases online. O2 phones, books, and perfumes among others can be purchased without the fuss. In addition to these benefits, credit card companies offer various bonus schemes for their clients. I love getting free bonus miles from signing up to credit cards. Airplane tickets can cost an arm and a leg, so why not let the credit card companies pay for it. Some cards have no fee for first year, hence you can use your bonus miles and then cancel your card and pay absolutely nothing.
For those Cards that have annual fee, the bonus miles are worth way more than the fee. Once you used your bonus miles, you can cancel your card and ask them to waive the fee or pro-rate the fee since it’s less than 1 year.
Here’s a complete list of all the free miles you can get which add up for several flight tickets.
Don’t just apply to the consumer cards, anybody can get the business cards. Did you know that you don’t have to be part of a corporation or LLC to apply for a business credit card? Your name is consider a sole proprietorship type of business. When filling out business credit cards, simply use your name as your business name and your Social Security number as your tax id.
How does this work? Whether you have set up a lemonade stand, a garage sale, or sold something on Ebay, your business is called sole proprietorship. This is completely recognized by the IRS with your name as your business name.
Even if you have a business, you would still put down your EIN and your social security number on your application. There will be a hard pull on your credit report. However, business credit cards will not show up on your personal credit report. Your business credit card’s balance doesn’t effect the debt-credit limit ratio. This means that you can open and close business credit cards without worrying about showing up on your credit report.