Business Credit

[Creditaddict]

Anyone have success in getting them to upgrade your Sams Business Charge to a Sams Discover Card?

I do not currently PG and that's usually what they ask for to do the upgrade, but Sams Discover card starts at a 5k limit which I currently have so I don't see the point in PG'ing, but the 2% sure would be nice!

I also just submitted a CLI up to $7500, so waiting to hear about that. 

[concorduser]

I had my sams biz store card with $1k CL for about a year and then I asked them to upgrade to Discover. They closed the old card and gave me new Discover card with $10k CL. I am not sure if I did a PG or not, but there was a Credit Pull on my EQ. I am planning on asking them for CLI to $15K in the next few months.

[blackjack59]

What is PG?I Have a Sams Business card.Was thinking about upgrading to discover.Thanks in advance!

[concorduser]

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blackjack59 wrote:
What is PG?I Have a Sams Business card.Was thinking about upgrading to discover.Thanks in advance!

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PG means Personal Guarantee. In case if business goes under you are personally responsible for the card debt.

[molly73]

i have applied for the Sams Discover card twice....they keep on declining me (i only have 2 reporting)......should i just apply for the sams club store card instead.....i know it's easier to get...but are they still looking for 2 years, paydex, yada, yada, yada.......thanks!

[concorduser]

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molly73 wrote:
i have applied for the Sams Discover card twice....they keep on declining me (i only have 2 reporting)......should i just apply for the sams club store card instead.....i know it's easier to get...but are they still looking for 2 years, paydex, yada, yada, yada.......thanks!

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It is a good idea to get the store biz card first and then ask for upgrade. Store card you can get with out PG. Discover they ask for PG. When I applied they gave me storecard with $1K CL and after a year I asked them for upgrade, at that time they closed my store card and issued me a discover with $10K Cl. My suggestion if they were to give store card with out PG take it and then try for discover later.