How to Get a Credit Card If You're Self-Employed

There are many advantages of having a credit card as a self-employed person. It could also be a great source of financial problems if you use your anyhow. There are a good number of people who think that you the only way of getting a credit card is if you are in a job. In other words you have to be employed, as opposed to being self-employed, to qualify for a card. This is definitely not so at all.

Yes, there are people who are self-employed and have experienced difficulty getting financing such as mortgages and auto loans. However, this does not mean that you cannot get a card if you wanted to. There are banks who will discuss the possibility of getting a card as a self-employed individual or even getting you business credit card. We take a close look at these options using these 6 tips and I encourage you to do take and use them when you applying for a credit card as a self-employed person.

1. Do Your Research.

The main goal of the research is to help find the lender with the lowest possible interest rates for those who are self-employed. Use card comparison sites to compare different cards, so that you have a good understanding.

Do you belong a credit union and do they offer credit cards? Go to their office and let them brief you on their cards and how you can get one. But do not sign up for their card yet. We want to find out if we can the best deal with the lowest rates.

2. Pay Attention to Reviews

Reviews are very important when selecting a particular card company to borrow money from. How do you get these reviews from people who have used their products and services in the past? Just do an Internet search for company credit card problems. Read as many of them as possible. Repeated complaints from different users or even one user should be a warning sign to you to stay away.

3. Sort Out The Best Offers

You want to find a company that offers a low-interest rate plus no or little annual fee. The thing is that for many lenders, you will be charged an annual in addition to the interest you pay on your balances. So if you find a deal where you don't pay any of these fees, then it is a great deal. Get the latest terms and conditions of the card lender to ensure that you have the most accurate information. And read them.

4. Once you find a card provider who meets your requirements, go to their website and make your application online. You can do this from your home computer without the need for any

special software or systems. Most online applications for credit cards from companies' websites are very comprehensive. There is the possibility of getting an instant approval or denial of your application if you make your application online.

5. consider Small Business Credit Cards

Since you are a small business owner, you may be eligible for a small business credit card. Most of these cards do offer a lot of other fringe benefits. So talk to your banker. But if you choose this route, then make sure you pay your balances on time so that you don't carry a high balance.

6. Secured Credit Cards

If all else fail to get your card as a self-employed person, consider getting a secured credit card. Talk to your account manager at your bank about getting a secured credit card using your savings or checking account.

Find out more by visiting our website today: Self-Employed Loans

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