Over at Technically Media, I had a bear of a problem for a few days trying to figure out how we could get a company credit card.
We had no credit. We were a new business. Plus, there were three of us, and we wanted all to have equal footing. What was more, I struggled to find good, meaningful information about credit cards online, instead I found spam.
I took to social media and was repeatedly recommended American Express and other cards that had credit limits that precluded our new business.
In the end, all three of us became guarantors — putting our personal credit on the line — to get a business credit card with a small starting balance. We’ll be able to wean off of our personal reliance, I’m told, and continue to build business credit, which is our goal.