So I’ve had a business for a few years but never ventured into the business credit space since I’ve kept it at the Sol Prop level - decided to see what I could get, even with reporting $0 Revenue for 2017, but personal income of $121k.
•••••$15,000 Chase Marriott Rewards Premier
-pulled EX and as sole prop, FICO 8 bankcars = 761
-currently have Ritz, CSR and Amazon
-this new card brings total exposure to $75,000 across all 4 cards
•••••$9,000 AmEx Blue Business Plus
-SP only
-currently have Platinum, BCP and SPG
-this new card brings total exposure to $49,000 across the 3 credit cards
-No FR or vericstions when crossing $25k or $35k marks (crossed both ‘marks’ in the last 30 days)
•••••NPSL AmEx Plum
-SP only (approved same day as Blue Biz)
-charge card
If I’m correct, none of these cards will reflect on my Personal reports and the only evidence is the Chase HP on EX, but that’s it
3 new business cards in one weekend. No verification required from AmEx. Chase did ask for my registration docs. Super painless process.
•••••$15,000 Chase Marriott Rewards Premier
-pulled EX and as sole prop, FICO 8 bankcars = 761
-currently have Ritz, CSR and Amazon
-this new card brings total exposure to $75,000 across all 4 cards
•••••$9,000 AmEx Blue Business Plus
-SP only
-currently have Platinum, BCP and SPG
-this new card brings total exposure to $49,000 across the 3 credit cards
-No FR or vericstions when crossing $25k or $35k marks (crossed both ‘marks’ in the last 30 days)
•••••NPSL AmEx Plum
-SP only (approved same day as Blue Biz)
-charge card
If I’m correct, none of these cards will reflect on my Personal reports and the only evidence is the Chase HP on EX, but that’s it
3 new business cards in one weekend. No verification required from AmEx. Chase did ask for my registration docs. Super painless process.
Congrats.
Amex is great w/ no HP and better yet it's like getting a free card w/ their business cards.
Personal Cards: Amex Plat | Amex Delta Res | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
@redpatwrote:Congrats.
Amex is great w/ no HP and better yet it's like getting a free card w/ their business cards.
Thanks! When I realized how they open and report everything, I thought the exact same thing. Plum card showed up today - pretty color lol
Thanks Noir! It’s just like the other charge cards but has a nifty little financing trick up it’s sleeve that drew me to this particular charge card.
Let’s say I charge $100 today. In 30 days I can
A-PIF
B-Pay 10% of the outstanding balance ($10 in this case), and they’ll give me a whole other 30 days to pay off the other $90, interest free. It will be due in Full by that 60th day.
The extra free 1.5% cash book is neat too, nothing to write home about, but just enough of a perk considering the main 60 day function
Let’s say I charge $100 today. In 30 days I can
A-PIF
B-Pay 10% of the outstanding balance ($10 in this case), and they’ll give me a whole other 30 days to pay off the other $90, interest free. It will be due in Full by that 60th day.
The extra free 1.5% cash book is neat too, nothing to write home about, but just enough of a perk considering the main 60 day function
Congrats! 🎈
@Pizza...I’m in the same boat. These 4 approvals are my very first 4 for my Business so I’m super new to this space as well. All 4 of these were PG. it’s virtually impossible from what I’ve seen for you to get started without PG, and 4 didn’t seem excessive to me.
Either way these are getting paid, but leaning on a PG I get heftier limits up front and can at least cash in on a few perks
Either way these are getting paid, but leaning on a PG I get heftier limits up front and can at least cash in on a few perks