07-18-2012 03:39 PM
07-18-2012 04:00 PM
Ok I just read this post. I had been thinking of getting an amex plum but I would be afraid of FR. My business doesn't make a lot of profit.
I think I want to apply for nfcu business credit card. Anyone have any reviews; positive or negative about nfcu business card?
Your business probably will play almost 0% of applying and getting approved Amex Business Cards.
BUT the Plum will probably not pay for itself if you don't spend very much.
Navy still makes my #3 for Business Checking Account / Credit Card / and "Possibly" a Line of Credit just hanging out. But really the only reason they make my #3 is because of the HUGE Credit Lines and little reports of hitting a Max number of accounts with Navy unless you hit the "tota" Credit Line they think you can do with your income.
Capital One Business Cash something is 2% for ALL Purchases and not just an intro. HOWEVER it reports to personal credit
so that would leave Amex I'm thinking either Plum or Business Cash (think is actually even better!)
or Chase like United Plus (what ever that new one is called) but we would have to switch all travel to them to make it worth it... right now it seems different airline each time we fly has best price... and usually not close enough pricing to say oh well if I got more points towards more free stuff with United or one of the others I would pay bit more...but just can't justify so far.
Sorry to hijack and blab on... but looking around also so though would share in case one of the above match well for you too.
07-18-2012 04:07 PM
07-18-2012 04:13 PM
That's a good analysis. I don't want cap 1. I'm not sure if you mean that I don't have a good chance of getting plum??
I don't really fly at all; well maybe 1-3 times per yr so I'm thinking that airline isn't really what would be good.
I'm wanting the card to pay for some upgrades and maintenance work on my rental property.
My gross rental income is about 2k per month and the mortgage will be about 1100 after I refi. This business doesn't pay the bills for my home but its a nice source of passive income. My husband and I are both w-2 employees and our gross salaries are about 155k Ish. So its really kind of a drop in the bucket...
Oh goodness sorry had not noticed your Sigi Line Before! I think you would probably be instantly approved for most of what you would apply for!!! You should have NO issues with Any Amex you want. again I would just look at Annual Fee.
Since you are looking for House Stuff I would look at Lowes or Home Depot... If you plan to pay cash then Lowes Personal with the instant 5% off at register just like the Target Card but you can't take 0% deals if you take the 5%... but if you need to carry a balance a bit and can't have that debt floating on your reports vs. hidden Business Trade. But Biz Home Depot and Lowes don't offer the 0% or the discounts I don't believe....
Navy would probably be your very best place based on your current $22k Line!!
07-18-2012 04:19 PM
Oh sorry spoke to soon!
I would check out the Lowes Business American Express Account!!!
You DO get the 5% AND you earn rewards in the categories including Lowes for 2%... so 7% total with the two combined.
07-18-2012 06:14 PM
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