Recently I started a online store for the classic Indian masalas and its going great, but sometimes I need money for a few days and I don’t want to use pay day loans or something like that because they are not that cost effective so there any way I can do these transactions on a credit card if so what the requirements for businesses to get a credit card. It will make accounting and cash flow management a lot easier to manage and also build a good credit score for the business
Hii there, from my experience helping business owners review financial tools, here’s a breakdown of what you typically need if you’re considering a business credit card in India —specially useful whether you’re a freelancer, small-biz owner or about to scale.
Key Requirements You’ll Need to Meet:
• Business existence: You should have a legal business setup (sole proprietor, partnership, LLP, company) and some operating history.
Business documents: These often include:
• GST registration / business registration certificate
• Latest profit & loss statement / audited accounts (for established businesses)
• PAN of the business and owner, address proof of business location.
• Financial track record & revenue: The bank will look at how much you’re earning (business turnover), your bank statements, and your credit history (personal and business).
• Age & identity of the applicant/owner: Many issuers expect the applicant (business owner or authorised signatory) to be within a certain age range (often 21-65 years) and resident in India.
• Healthy credit behaviour: Just like personal credit cards, you’ll need decent credit history (or a clean record) — late payments or defaults can hurt eligibility.
