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New Contributor
Sunshinebiz
Posts: 67
Registered: ‎10-03-2013
0

New Biz Cards!

I've been building a small company for some time, getting all ducks in a row, etc. Lots of work but its fun and getting it all set up on the side while still working my full time job. 

Anyway, on the day I filed my LLC with the state I also applied for my F-EIN from the IRS and immediately went to work building my business credit. 

 

Same day I was instantly approved for a Capital One Spark buciness cash back and an AMEX corporate gold card. Not bad for the first hour as an entity. For those looking to start out with biz credit I just wanted to share my experience. 

Gardening spree went on hiatus but I think it paid off. Now back at it!
Building slowly but surely. Thank you to all members of this community for all the invaluable advice.
Latest that I know of: EX- 671, EQ- 653 TU- 648
Amex Green, Barclay Rewards MC, Cap1 Platinum, Cap1 Quicksilver, Credit One(closed!), WalMart, Amazon, DCU Platinum Visa, Jared Credit, Cap1 Spark business cash back, AMEX corporate Gold, Alliant CU Plat Visa, Suncoast FCU Plat Rewards Visa

Goals by end of January: Amex TE Costco, Amex BCE
Can it be done? It wasn't done by end of Jan, but it's still coming
Epic Contributor
Creditaddict
Posts: 22,132
Registered: ‎10-23-2007
0

Re: New Biz Cards!

Just keep in mind that Capital One Spark reports to your personal credit each month and don't think it reports to any business credit reports but I don't monitor mine really so they might now.

Fico Scores: EQ- 656 Cap1., TU 696 Walmart, EX 700 Chase (12-17-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: New Biz Cards!

My Sparks reports to EX and EQ business 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


New Contributor
Sunshinebiz
Posts: 67
Registered: ‎10-03-2013
0

Re: New Biz Cards!

Yes, I believe spark reports to both personal and business reports equally. AMEX biz/corp cards report strictly to business reports unless you become really delinquent and they have to come after you 

Gardening spree went on hiatus but I think it paid off. Now back at it!
Building slowly but surely. Thank you to all members of this community for all the invaluable advice.
Latest that I know of: EX- 671, EQ- 653 TU- 648
Amex Green, Barclay Rewards MC, Cap1 Platinum, Cap1 Quicksilver, Credit One(closed!), WalMart, Amazon, DCU Platinum Visa, Jared Credit, Cap1 Spark business cash back, AMEX corporate Gold, Alliant CU Plat Visa, Suncoast FCU Plat Rewards Visa

Goals by end of January: Amex TE Costco, Amex BCE
Can it be done? It wasn't done by end of Jan, but it's still coming

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