Doesn’t the TOS say your card expenses must be business related and not personal related? So how are people approved for like Amex business cards without having a business ein , use for personal
Expenses, and not get in trouble with the issuer?
How do people get biz cards without a biz?
byu/3rd-party-intervener inCreditCards
Posted by 3rd-party-intervener
3 Comments
Yeah banks basically don’t care as long as you’re paying your bills on time – they make money either way so why would they dig into whether your “consulting business” is real or not
In theory you could get your account shut down, but we almost never see data points of that happening. Banks are in the business of making money.
You can easily get a EIN for small online retail business like mine. I resell electronics, kids toys, and do part time consulting for friends and families 😬