05-21-2014 05:10 AM
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.
05-21-2014 09:35 AM
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.
05-21-2014 05:37 PM
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
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