Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 108
Registered: ‎03-11-2017
0 Kudos



Here is our journey. We started our business in 2015 and opened bank account with BoA. After six months, when we were in branch, one of the small business banker spoke about our business and I mentioned we can always use a credit card for business. She applied on our behalf and got the card for 3,500. After using it exhaustively for Nine months, we complained to her the limit is too small. So, she recommended for hike and we got 16,500. Last month, there was an auto CLI for 26,500. We also had weekly payments for fundbox and on deck and they will hit us every Thursday. I have some Vendor weekly payments we receive in Friday. So, this one day gap was always headache for me because we were short by couple of thousands every Thursday. When I told this to my partner, he told me to apply for over draft protection and we linked it to credit card.

Last week, I had two expenses over my limit for 10,000 in my checking account but those were honored by BoA and it pulled money from Credit card and I was charged $294as over draft protection fee. I am more than happy to pay it instead of running around.

BoA credit card is working as line of credit for us. We have chase bank also and credit card from chase. But they don't link credit card as over draft protection.

Since our business completed two years, we are preparing documents to approach banks for line of credit. But we still have on deck outstanding of 100k. Not sure what banks will say.
New Contributor
Posts: 64
Registered: ‎09-30-2015
0 Kudos


Bill2018 they got rid of your list. Is there any way I can have it sent to my inbox?
New Visitor
Posts: 1
Registered: ‎04-10-2017
0 Kudos


Use Business Credit to unlock your business potential.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.