Hello everyone. I've been looking up answers to my business credit for about a month now and everytime any useful information comes up it is from these forums so I decided to join. I am involved in a homecare LLC with 3 other people (1 of them is basically out the business already but on paperwork he is still an owner). We were established 04/2016 so we don't have a long history but we have our EIN, DUNS # and business bank account. Before I was just using my personal CC for the business and paying it off every month but I wanted to disconnect my persoanal cards from the business in case I have an emergency and actually need to use my credit cards.
I researched most of January and this month I went ahead and applied for a Net 30 from Quill.com and Staples.com, I was approved for them both even though I had to call staples and give more info. I was also able to get approved for an officedepot business credit card. I'm unsure if the office depot card will show up on my personal credit so I'm waiting to see if it pops up before applying more places. Then I was denied for an American Express business card and I stopped applying places.
I read that I should have 2-3 Net 30 accounts and 3-5 business credit cards Then I can try and get an all around business credit card. Is that a good route to follow?
I could apply for a Uline net-30 but there isn't anything I need from them and I think just having 2 net-30 accounts might be good for now.
How long should I wait before paying the net-30 accounts, currently the quill invoice is 3 days old? I was thinking 10-15 days.
I also was looking into getting a secured CC for the business just so I can have something reporting monthly but after getting approved for the Office Depot store card I know there's at least 1 company (citi bank) reporting monthly.
Should I still get a secured business card?
How long should I wait before applying for other business cards?
Thanks in advance
Drewet88
