So You Want a Business Credit Card, But Your Business is Basically You and a Dream? Welcome to the Club, Pal!
Ever since you declared your bathtub your official headquarters (because rent is outrageous and hey, good acoustics!), you've been living the #entrepreneurlife. But lately, that #adultinglife is creeping in, whispering things like "separate your business expenses, my dude." Shudders
Fear not, fellow solopreneur! There's a magical plastic rectangle out there called a business credit card, and it's here to turn your expense-tracking woes into a hilarious game of "was this a business lunch or a Netflix binge-fuelled pizza party?" (Although, for the love of your credit score, try to keep those answers distinct.)
But wait, how does a one-man (or woman) show like yourself score this mythical card? Buckle up, because Reddit has some, ahem, interesting advice:
Reddit Route #1: The "Technically This Isn't Lying"
This method involves some creative interpretation of the application process. Be warned: It's a gamble, and results may vary wildly. Remember, we're all about responsible credit card use here, so proceed with caution (and maybe a lawyer on speed dial...just kidding...mostly).
Here's the gist:
- Business? What Business? Apparently, selling your epic meme collection online counts as a business. Who knew?
- Fake it Till You Make It: Just pick a random business category that vaguely applies to your side hustle. Etsy store selling friendship bracelets? Bam! "Light Manufacturing" it is.
Why this might be a bad idea: Getting caught can lead to a credit card rejection faster than you can say "tax audit." Not ideal.
Reddit Route #2: The "Honest Abe" Approach
This route is all about transparency. You might not be a Fortune 500 company, but you've got the hustle and the dreams!
Here's the lowdown:
- Be a Sole Proprietor: This fancy term basically means your business is you. No sweat, most side hustlers fall under this category.
- Gather Your Documents: Dust off those receipts and bank statements. They'll be your best friends in proving you're a legitimate (even if tiny) business.
- Pick a Card That Loves Small Fry: There are tons of business cards out there that cater to us little guys (and gals). Do your research and find one with rewards that fit your spending habits.
Why this is the better idea: It's honest, builds your credit history, and might even land you some sweet perks! Win-win-win.
Bonus Tip: Redditors swear by having a separate business checking account. It shows responsibility and makes tracking finances easier. Just saying, your future self (who hopefully has a real office that isn't a bathtub) will thank you.
Remember: Getting a business credit card is a big step. Do your research, be responsible, and most importantly, have fun with it! After all, building a business from the ground up is pretty darn awesome, even if your office has questionable plumbing.
