A Double-Dipper Tipper from The Chipper!
Citi just rolled out its new CitiBusiness® / AAdvantage® World MasterCard® which will give you 30,000 bonus miles after $1,000 in purchases in the first 3 months of cardmembership. Citi’s personal card, the Citi® Platinum Select® / AAdvantage® Visa Signature® Card has the same offer as well. Annual fees waived the first year on both cards.
Self-employed people can get the biz card and be considered a business. You don’t have to have a Corporation or LLC. If you just said, “A what?” don’t worry about it – you don’t need one.
What you do is apply for the card as a “sole proprietor”, which the IRS defines as “Someone who owns an unincorporated business by himself or herself.” It’s completely legal. In the application put your name as the Business Name and your Social security number if you do not have a Tax ID. See the application screen capture below.
If you are self-employed, are an independent contractor or have a little business on the side, you are a sole proprietor. Are you a babysitter, handyman, nanny, dog walker, painter, actor, online entrepreneur, or personal finance blogger? Congrats you’re a sole proprietor!
After applying for the Personal and/or Business cards, you must spend $1,000 on each in 3 months. You can even send someone money via your new credit card at AmazonPayments and meet that requirement in one fell swoop – with no fees at all.
> The IRS definition of a Sole Proprietor
> AmazonPayments.com‘s Amazon WebPay charges No Fees to send money using a credit card
> Will your credit score drop if you apply for new credit? FICO says, “If it does, it probably won’t drop much.”