Business Credit Card for RE Business

[Stephen Daniel Pace]

Hey BP family! I close on my first property this week and after closing, I'm wanting to get a business credit card to use for rental expenses purposes, particularly the things I'll need to purchase to prepare it for renting. Is it better to go through the process to get an LLC and EIN and then apply for the business credit card? I don't plan to transfer the ownership of this property to the LLC since I'll eventually want to refinance the 30yr conventional loan that I'll have down to a lower interest rate. (I've heard there are challenges with getting a conventional loan under an LLC). Or is it better to apply for a business credit card without an LLC and EIN and just use my personal info on the application? TIA for your reply! :)