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Established Member
Posts: 90
Registered: ‎01-26-2013
0

Applied Bank Visa Business Card approved

I have a cap 1 classic spark card. $750 limit I have hardly no way of getting a decent card so I went with Applied Bank Visa Business. I posted this over in the credit card section but I think it should of been here, Does it build business credit? Or is it simply a stepping stone and nothing more? Anyone have it let me know your experience any newbees or experienced people in business credit. My business is a sole proprietorship. Online retail drop ship self defense website (another company ships for me) I have no need for business license or fictious name filing in PA because I'm a stockless retailer and I file schedule C. I have way too many inquiries I went on a app spree with already 40+ inquiries on my credit. I am screwed ain't I with my personal cards I have a BK 4 years old as well. My fico and fako scores are below.


Starting Score: TU:599 EXP: 596 EQ: 595 Starting Year 2009
Current Score: TU:715 (685 FAKO) EXP:647 (673 FAKO) EQX: 637 (FAKO 615) - All on 04/24/13 In the garden until 05/2014 because too many inq and low AAoA 1.4 mo. My BK chap 7 will be 4 yrs old July 2013
Goal Score: 760+ across the board by next year July 2014 5 yrs after BK


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Community Leader
Senior Contributor
Posts: 30,032
Registered: ‎02-07-2013
0

Re: Applied Bank Visa Business Card approved

Congrats

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved
Established Member
Posts: 90
Registered: ‎01-26-2013
0

Re: Applied Bank Visa Business Card approved


myjourney wrote:

Congrats


Thank you it feels good to be approved for business card even though some people said I'm nuts because check it out for yourself www.appliedbank.com $125 1 time fee and the $10 a month isn't nothing to me. Its like having a fake Amex lol of course without the great service.. At least I got the prepaid cards of theirs they are the best ones there is in prepaid cards. 


Starting Score: TU:599 EXP: 596 EQ: 595 Starting Year 2009
Current Score: TU:715 (685 FAKO) EXP:647 (673 FAKO) EQX: 637 (FAKO 615) - All on 04/24/13 In the garden until 05/2014 because too many inq and low AAoA 1.4 mo. My BK chap 7 will be 4 yrs old July 2013
Goal Score: 760+ across the board by next year July 2014 5 yrs after BK


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New Contributor
Posts: 132
Registered: ‎11-21-2012
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Re: Applied Bank Visa Business Card approved

Keep in mind they don't report to business CRA's so if your looking for that benefit you will be disappointed.

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