Getting Business Credit Cards
As you continue on your churning journey, you'll eventually end up at a point where there aren't enough personal cards to apply for that will give you a new sign-up bonus. This is where Business credit cards come in.
Business cards are at its core, payment credentials intended for small businesses. These are offered by all the banks you know to already issue personal credit cards, aimed towards those who need to separate personal expenses from the expenses of their business. However, business credit cards often offer incredible sign-up bonuses, typically with larger spend requirements than your typical personal credit card. Any individual is eligible to qualify for a business credit card and reap the sign-up bonus associated with the new card as the decision to approve you is solely based on your personal credit, including your credit history, income, and information.
With the power of business credit cards at your hand, you can get to that aspirational trip quicker than ever before!
Depending on the financial institution that you would like to apply for a business card at, there may be documentation required, however, the amount of documentation that is required is minimal when applying as a sole proprietor and the following is a general list of what may be required:
Business Name Registration and/or
Trade Name Registration
While American Express is known for not generally asking for this documentation when you apply for their cards, it is important that you have this documentation ready in case you are selected for a financial review, or your application requires manual intervention and cannot be approved automatically.
To register a sole proprietorship, you can easily and quickly do so via Ownr for $49 plus taxes if you are in Alberta, British Columbia, Ontario. They provide an quick and easy setup process, getting you your brand new business documentation usually within 24 business hours. It is the service we used, and is generally a much more efficient service than trying to deal with the respective provincial governments directly if you are able to.
You can register directly with the Canadian Government for a National Business Number or your province directly if you cannot, or do not want to use Ownr. Here are the corresponding links for your province:
Canada [Federal]; $0
Alberta; Variable, depends on your local agency
British Columbia; $70
Manitoba; $105
New Brunswick; $112
Newfoundland and Labrador: No registration available
Nova Scotia; $145
Nunavut; $50
Ontario; $60 online or $80 in-person
Prince Edward Island; $130
Quebec; $38
Saskatchewan; $50
Yukon Territories; $65 online or $85 in-person