Capital One Business Credit Card EIN Only

EIN-only business credit cards enable you to build business credit without affecting your personal credit.

However, not all EIN-only business credit cards operate as advertised. This can put your personal credit score and credit history at risk if you’re not careful when choosing a card issuer.

Here’s what you need to know about the Capital One Business Credit Card EIN only as well as alternatives that will help you build business credit without touching your personal credit.

Which Credit Bureaus Capital One Reports to

If you’re looking for an EIN only business credit card from Capital One, it’s important to read the fine print.

Each Capital One business card does report to personal credit bureaus. This includes the three major consumer credit bureaus: TransUnion, Equifax, and Experian.

In most cases, Capital One business cards report all activity to personal credit bureaus. For example, a Capital One business card like the Capital One Travel card will report all activity.

Capital One Spark credit cards (Capital One Spark Miles, Capital One Spark Classic, Capital One Spark Cash, etc.) will report positive and negative activity as well.

The only exception exists with cards like the Capital One Spark Cash Plus and the Capital One Venture X Business. These Capital One business cards only report negative activity.

Capital One is a credit card issuer that reports to the major business credit bureaus. This includes Dun & Bradstreet, Equifax, and Experian.

But this comes with the risk of affecting your personal credit. You’re better off applying for other business credit cards. You don’t want to hurt your personal credit score.

How to Get a Capital One Business Credit Card With an EIN

Getting a Capital One Business Credit Card with an EIN only isn’t possible.

When you open a Capital One business credit card, all activity gets reported to personal credit bureaus. As mentioned above, there are only a few exceptions. However, even those cards report negative activity to personal credit bureaus.

This can be positive if you only have positive activity and credit history. But if you make a mistake or fail to make a payment, it can have a drastic impact on your scores. Business finances should never intermingle with personal finance.

This is why you seek out a business card instead of a personal credit card.

If you want a business credit card that you can open with EIN only, a Capital One Business card isn’t the right option.

So, which business credit cards are a great choice when you want an EIN-only card?

EIN Only Business Credit Cards that Don't Report to the Personal Credit Bureaus

There are plenty of EIN only business credit cards that do not report personal credit. You’re not limited to a Capital One Business card.

Some cards are corporate cards that are designed to cater to startups and large companies. Others are fleet cards that support businesses on the go. The best business credit cards are rarely the traditional options.

If EIN-only business credit cards are your focus, consider these top three options.

1. FairFigure Business Capital Card

The FairFigure Business Capital Card stands out as it’s not a business credit card. It’s not a charge card either.

The FairFigure Capital Card is a true EIN-only card. It requires no SSN, is a no PG credit card alternative, and eliminates the need to deal with paperwork.

It also doesn’t require a deposit, making it a strong alternative to secured business credit cards the report to D&B.

The FairFigure Capital Card is easy to apply for as a small business owner. So long as your business is at least three months old and makes over $2,500 in recurring monthly revenue, you can access revenue-based funding for your business.

You can also boost your cash flow and raise your credit limit with time.

It even allows you to select your own payback terms. You can choose between four-week and eight-week payback options to support your money management needs.

The FairFigure Capital Card reports to Equifax, the SBFE, and CreditSafe. They also have their own Foundation Report that makes it easy to see your credit health at a glance.

If you want to keep your personal credit score and business credit score separate while financing your business, the FairFigure Capital Card is an excellent choice.

2. Shell Small Business Card

Are you a small business owner who’s always traveling? If so, a fleet card like a Shell Small Business Card is a great EIN-only card to apply for.

The Shell Card Business is designed specifically for small businesses with fleets. They offer an array of benefits, including:

No fees, such as annual fees, card fees, or setup fees commonly associated with business credit cards 25¢ off per gallon for 6 months, after which you can get 6¢ off per gallon at Shell stations you refuel at Automated fuel accounting support Flexible payment options (in full or over time) 15% off maintenance at participating Jiffy Lube locations Seamless fleet management, helping you see your spending, add or cancel employee cards, and gain real-time insights and reports

Better yet, the Shell Card Business helps you build credit effectively. They report to each major business credit bureau. With reporting to D&B, Equifax, and Experian, you’re sure to build credit in no time.

3. Divvy BILL Corporate Card

Corporate cards are the best way to get a business credit card with an EIN only. One charge card that should be on your list of potential options is the Divvy BILL Corporate Card.

The BILL Divvy Card makes it easy for businesses of any size to access funding.

The BILL Divvy card offers benefits like:

• Flexible underwriting and flexible rewards for a higher credit limit and cash rewards on eligible net purchases
• Doesn’t require a personal guarantee. (As an additional note, a personal guarantee may be required for Shell but not for FairFigure.)
• Spend control for employee cards and the ability to easily manage employee cards
• Integration with BILL Spend & Expense software
• Virtual cards so you can quickly create cards as needed (free employee cards)
• No annual fees

The Divvy BILL corporate card reports to the SBFE. It’s important to remember that they share data with business credit bureaus like D&B, Experian, and Equifax. You’re still building credit when you apply for this card.

That being said, the BILL Divvy corporate card does have eligibility requirements you should be aware of.

While less stringent than other corporate cards, their website says you’ll need to have “good to very good credit” (business credit score and personal) and positive credit history, must be based in the U.S., and have at least $20,000 in your business checking account for seamless account opening.

However, their FAQs state that applying to their service only requires a soft credit check of their Experian credit report. So no hard inquiry that would hurt your personal credit.

Capital One doesn’t offer an EIN-only card. But that doesn’t mean you can’t fund your business. If you want something better than business credit cards, sign up for FairFigure today!