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Several of Bank of America (BoA) Business cards are offering a $200 statement credit after spending $500.
https://www.bankofamerica.com/smallbusiness/credit-cards/compare-business-credit-cards/
Applied for two cards. $16,000 instant on the first. The second application went pending but a day later they called the phone number, reached voice mail, and issued $8,500 for the second card.
I haven't seen the APR yet, but since I'm just financing business purchases for the 25-55 day float, the APR doesn't matter. No annual fee.
I deal with Chase, US Bank, Amex, Capital One, and Synchrony. It's good to have variety.
Nice job! Is there UW significantly different for business than personal?
@BigBS wrote:Nice job! Is there UW significantly different for business than personal?
The underwriting appeared to ve the usual - HP on TU, and HP on EXP. They asked for the business income, formation date, and which state the business was formed in.
They called the phone number, but didn't bother to leave a voice mail.
They may have borrowed from another BoA card... but the business credit is more advantageous since I can use a personal Visa from a CU for personal purchases.
@CreditUnionFan wrote:
@BigBS wrote:Nice job! Is there UW significantly different for business than personal?
The underwriting appeared to ve the usual - HP on TU, and HP on EXP. They asked for the business income, formation date, and which state the business was formed in.
They called the phone number, but didn't bother to leave a voice mail.
They may have borrowed from another BoA card... but the business credit is more advantageous since I can use a personal Visa from a CU for personal purchases.
Thanks for that info. Have not given them much consideration for business credit.
Congrats!! Are u a PG or is this strictly business credit
@CreditUnionFan wrote:Several of Bank of America (BoA) Business cards are offering a $200 statement credit after spending $500.
https://www.bankofamerica.com/smallbusiness/credit-cards/compare-business-credit-cards/
- Earn 1% cash back on purchases, 2% on purchases at restaurants, and 3% on purchases at gas stations and office supply stores (up to $250,000 annually, 1% after that)
Applied for two cards. $16,000 instant on the first. The second application went pending but a day later they called the phone number, reached voice mail, and issued $8,500 for the second card.
I haven't seen the APR yet, but since I'm just financing business purchases for the 25-55 day float, the APR doesn't matter. No annual fee.
I deal with Chase, US Bank, Amex, Capital One, and Synchrony. It's good to have variety.