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.
I did a little reading — tried BillShrink, this BusinessWeek story and a Business.com option — but in the end, I went to the bank where we have our business account.
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.