Applying for a credit card without SSN can be challenging, but it’s not impossible.
Just because you don’t have a Social Security number doesn’t mean you won’t have access to credit to help finance different aspects of your business.
Fortunately, there are many ways to get one. This article lists options for you, how to get funds, alternatives, and more.
Can You Apply for a Credit Card Without SSN?
The Social Security number is financial institutions’ most common identification number. And that’s why most banks require a Social Security number for commercial credit cards.
But it’s not the only option, business credit cards no social security numbers are needed, you can apply with ITIN and EIN numbers.
Credit bureaus such as TransUnion and Experian also track people’s credit histories without an SSN, even though it is a little trickier for them to do so.
As such, other financial institutions will accept an alternative identification number, allowing you to apply for a business credit card without SSN.
Financial institutions commonly accept an alternative called “EIN” (or Employer Identification Number). In addition, they will also accept an ITIN (Individual Taxpayer Identification Number).
An ITIN is a number you can get through the IRS if you don’t qualify for an SNN. This makes it a legitimate identification number in the eyes of the government.
Should you apply for a credit card with your SSN?
While the SSN is an important number, people should not use it as a form of identification.
This is because the SSN can be easily stolen and used to commit identity theft. If your SSN is compromised, it can be very difficult to recover from the resulting damage.
The United States government assigns all the citizens and permanent residents the Social Security number (SSN), a nine-digit number.
The government can use it to track an individual’s earnings and benefits, and is also used for tax purposes.
You should politely decline if someone asks you to provide your SSN when applying for a business credit card.
There is no need to give out this sensitive information unless it is absolutely required.
If you are unsure about whether or not you should provide your SSN, you can always ask the company for more information about their policy.
How to get credit cards that don’t require an SSN
Depending on the business credit card issuer, getting business credit cards that don’t require an SSN can be relatively easy:
- First, make sure you know your credit score (get a free credit report); this will give you the insight you need to know which cards to apply for (and which ones you shouldn’t) and save you some time.
- Then, compare the different options you have: Do they accept EIN or ITIN? Are they unsecured or secured cards? Do they have low-interest rates?
- Lastly, once you decide on the best business credit card for you, find their application and apply for a business credit card without SSN.
And that’s it!
Credit Cards Without a Social Security Number: Top 4 Options
Here are some options for getting business credit cards with SSN.
Chase Credit Card Without SSN (Credit Card with ITIN Number)
Chase offers its Ink Business Cash Card for people without an SSN. This is the only credit card with an ITIN number on this list.
This card offers a 0% APR for the first 12 months on purchases. The variable APR after that ranges from 13.24% to 19.24%.
You can earn the following levels of cashback:
- 5% on the first $25,000 you spend on phone, cable, and internet services, as well as at office supply stores
- 2% at gas stations and restaurants
- 1% on all other purchases.
In addition, there is no annual fee to have this card, and you can add employee cards to the account for no fee. You can even set spending limits for each employee card.
Bank of America Credit Card Without SSN (EIN Alternative)
Bank of America offers a business credit card without SSN: the Platinum Plus Mastercard business card. All you need to apply is an EIN.
This card offers some excellent features, including no annual fee as well as an introductory APR of 0% for all purchases within the first seven billing cycles after you open the account.
The variable APR after that will range between 10.24% and 21.24%.
If you make $3,000 in net purchases in the first 90 days of opening your account, Bank of America will also give you a $300 statement credit. In addition, you can schedule electronic payments online, and you can even get unlimited extra cards for your employees at no cost.
American Express Credit Card Without SSN (EIN Alternative)
American Express also offers a business credit card without SSN. To apply for its Business Gold Card, you just need to have an EIN.
This card offers a 0% introductory APR on all purchases made within the first 12 months after you open your card.
The variable APR after that will range between 13.24% and 19.24%.
You can qualify for up to two times the Membership Rewards points on the first $50,000 of your purchases every year. There is no annual fee to have this card, and they have online banking options as well.
Capital One Credit Card Without SSN (EIN Alternative)
Capital One offers various Spark Business cards that only require you to enter an EIN to apply.
In other words, Chase can offer you the business credit card without the SSN you were looking for. The different levels of cards allow people with varying ranges of credit scores and histories to qualify.
All of the cards have no annual fee, free employee cards with the ability to set spending limits, and no foreign transaction fees.
Furthermore, the rewards the cards offer depend on the specific card that you qualify for. But, at the very least, you will be eligible for an unlimited 1% cash back on every purchase you make.
The Spark 1% Classic card offers a variable APR of 26.99%. Some of the other cards offer a 0% introductory APR followed by a variable APR between 13.99% and 23.99%.
What Do You Need to Apply for a Credit Card?
Credit card issuers will ask you to provide basic information about your business to apply for a business credit card.
This includes your business name, contact information, and personal credit history.
You will also need to provide financial statements to inform lenders about your business finances.
Common business credit card requirements
Most business credit cards have similar requirements in terms of credit score and annual revenue.
However, there can be some variation in other areas, such as the personal guarantee and minimum spending requirement.
Here’s a look at some of the requirements when you need a business credit card:
- Good to excellent credit score
- Annual revenue
- Personal guarantee
- Minimum spending requirement
- Statements of your personal and business finances in some cases.
Compare different credit card companies and choose the right for your business.
List of banks where you can apply for a credit card without an SSN
Getting corporate business credit cards that don’t require a social security number is accessible with the current number of financial institutions letting people access funding through an EIN or an ITIN number. Here are some of them:
- Ally Bank
- Capital One
- Wells Fargo
- TD Bank
- PNC Bank
Alternatives for Applying for Credit Cards Without SSN
It can be difficult to obtain an SSN business credit card, but it is possible.
There are a few options available to those who do not have an SSN:
With an ITIN number
The first option is to apply for an Individual Taxpayer Identification Number (ITIN). This is a nine-digit number issued by the IRS to individuals who are not eligible for a Social Security number.
To apply for an ITIN, you will need to fill out Form W-7 and submit it along with your completed tax return.
With an EIN number
Another option is to apply for an Employer Identification Number (EIN). This is a nine-digit number issued by the IRS to businesses for tax purposes. To apply for an E IN, you will need to complete Form SS-4.
The IRS assigns a business a unique EIN number to a business by the IRS. You can use this number for tax purposes and help the IRS keep track of businesses. It is also used by businesses to open bank accounts and apply for loans.
If you are a foreign national who is not eligible for an SSN or ITIN, you may be able to apply for a credit card by providing your passport number and country of citizenship.
When applying for a business credit card without a social security number, it is essential to remember that financial institutions may ask you to provide additional documentation to prove your identity and creditworthiness.
Benefits of Getting a Credit Card With an EIN
There are many benefits of getting a business credit card with an EIN. Perhaps the most obvious benefit is that it can help you build business credit.
This can be helpful if you ever need to take out a loan or line of credit for your business in the future. Another benefit is that it can help you keep track of your business expenses.
Also can be helpful come tax time or if you ever need to review your spending for business purposes. Finally, a business credit card can help you take advantage of rewards and perks that are available to business owners.
For example, many business credit cards offer cash back or point that you can redeem for travel or other valuable perks.
If you’re thinking of getting a business credit card, the first step is to make sure you have an EIN. This is the number that the IRS uses to identify your business.
You can apply for an EIN online, and it’s free to do so.
Why Is an SSN Required to Get a Credit Card?
There are a few reasons why most traditional banks require a Social Security number for a credit card.
The most basic reason is that it allows the banks to track your credit history easily and, therefore, your risk level as it applies to your likelihood of paying your bill.
The federal government requires all financial institutions to verify the identity of people who want to open a financial account. This includes not just checking accounts and savings accounts but credit cards and other loans as well.
The financial institution does have some leeway regarding what it considers to be “adequate” information for identification purposes. However, all will require your legal name, address, and birthdate, as well as some type of identification number.
A Financing Alternative for Business Owners Without an SSN
If you are searching for a business credit card without SSN, you may find that you don’t have many options. In addition, some of these options might not be the best fit for you.
One thing about business credit cards is they can be pretty expensive to finance.
The high variable APR and daily charges are significant reasons for this.
In addition, business credit cards often have relatively low limits, especially for people who don’t have a Social Security number.
A great alternative is to get an ITIN loan with Camino Financial.
We offer excellent small business loan products for people who only have an ITIN. We offer loans starting at $5,000 and up to $400,000 at excellent terms that aren’t available with most business credit cards.
You can apply quickly online and get an instant loan quote with no impact on your credit score.
Subsequently, if you accept one of the loan options, you can get your money deposited into your account within 24 hours—giving you quick and easy access to the capital you need.
Finance Your Business Without An SSN: Apply for a Credit Card With an ITIN
In short, you can still find options for people like looking for no SSN credit cards. Some major financial institutions can offer you a credit card with an ITIN number or even an EIN in place of a Social Security number.
However, one of the best alternatives for business owners who only have an ITIN is to seek out a small business loan through Camino Financial.
We live up to our motto, “No Business Left Behind,” thanks to our excellent loan products and the additional services we provide all of our customers.
Calculate a business loan today so you can see how we can work for you.
Can I get a credit card without an SSN?
Yes, you can!
Fortunately, several credit card issuers understand your situation and can offer you a credit card without SSN. However, they will ask for other documents. For instance, the most common could be your EIN or ITIN.
Do you need an SSN for a credit card?
No, your lack of an SSN shouldn’t necessarily stand in the way of getting a credit card. There are a few options available to you.
First, you can try to apply for a credit card with an international credit bureau. These bureaus keep track of your credit history even if you don’t have an SSN. Some banks may be willing to work with you if they see that you have a good track record with international credit bureaus.
Second, you can try to get what’s called a secured credit card. With this type of card, you put down a deposit (usually $200-$500) which acts as collateral in case you default on your payments.
Can you apply for a credit card with an ITIN?
Yes, some financial institutions are willing to finance your business needs, even if you only have an ITIN. Just make sure that a credit card is a financial product you need.
A great ITIN-only alternative to a business credit card without SSN is a Camino Financial business loan. You can apply with your ITIN and get from $5,000 to $75,000 to invest in your business.
Can I use my EIN instead of an SSN when applying for credit?
Yes, you can use your EIN instead of your SSN when applying for credit. However, keep in mind that your EIN is not as easily recognizable as your SSN, so some lenders may be hesitant to approve you for a loan if they cannot verify your identity.
How can I get a credit card without an EIN number?
Once you have your EIN, you can apply for a business credit card. There are a few different options available, so it’s important to compare features and benefits to find the right card for your business.
Some business credit cards require you to have a good personal credit score in order to be approved. However, there are also cards specifically designed for businesses with no credit history.