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Established Contributor
Posts: 844
Registered: ‎09-23-2007
0

Why the push for Business CCs

Over the past week I've called/e-mailed Citi, BoA, and WaMU for various issues and things...all of them asked me at the end of the call, "do you own your business or make a lot of business purchases on your CC for work? According to you spending patterns and past history you qualify for blah, blah, blah" (e.g. Professional Card, BoA Business Visa w/ Rewards, etc.).

Anyone else have a similar experience?
__________________________________________________
Time to clean house and get rid of CCs from bad CCCs. Opt'd Out and Paying off the Balance: BofA. Closed: Chase Freedom. Keeping: Amex Blue, Amex Costco Cash back, Citi Forward, USAA MC, USAA Amex, and PenFed Platinum Cash Back. Next up for review: Chase Sapphire...
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

Re: Why the push for Business CCs

Yep-
 
I have been taking them up the offers too-
The Business credit portions of these companies are very profitable- 

Pj1369 wrote:
Over the past week I've called/e-mailed Citi, BoA, and WaMU for various issues and things...all of them asked me at the end of the call, "do you own your business or make a lot of business purchases on your CC for work? According to you spending patterns and past history you qualify for blah, blah, blah" (e.g. Professional Card, BoA Business Visa w/ Rewards, etc.).

Anyone else have a similar experience?


Established Contributor
Posts: 844
Registered: ‎09-23-2007
0

Re: Why the push for Business CCs



Timothy wrote:

Yep-


I have been taking them up the offers too-

The Business credit portions of these companies are very profitable-





Pj1369 wrote:
Over the past week I've called/e-mailed Citi, BoA, and WaMU for various issues and things...all of them asked me at the end of the call, "do you own your business or make a lot of business purchases on your CC for work? According to you spending patterns and past history you qualify for blah, blah, blah" (e.g. Professional Card, BoA Business Visa w/ Rewards, etc.).

Anyone else have a similar experience?











Which ones? Do you own a business or do it more work and other purchases?
__________________________________________________
Time to clean house and get rid of CCs from bad CCCs. Opt'd Out and Paying off the Balance: BofA. Closed: Chase Freedom. Keeping: Amex Blue, Amex Costco Cash back, Citi Forward, USAA MC, USAA Amex, and PenFed Platinum Cash Back. Next up for review: Chase Sapphire...
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

Re: Why the push for Business CCs

I own a business-
 
Amex, Capone and WAMU
 
Citi declined me :smileymad:
Epic Contributor
Posts: 23,760
Registered: ‎10-23-2007
0

Re: Why the push for Business CCs

start with a first equity card.  They will approve with PR in LOW 600.
Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

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
72 Cards and Counting :smileytongue:
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: Why the push for Business CCs

First Equity also has MC but it is issued as Platinum America Card.
Established Contributor
Posts: 844
Registered: ‎09-23-2007
0

Re: Why the push for Business CCs



Creditaddict wrote:
start with a first equity card.  They will approve with PR in LOW 600.



interesting...thanks!
__________________________________________________
Time to clean house and get rid of CCs from bad CCCs. Opt'd Out and Paying off the Balance: BofA. Closed: Chase Freedom. Keeping: Amex Blue, Amex Costco Cash back, Citi Forward, USAA MC, USAA Amex, and PenFed Platinum Cash Back. Next up for review: Chase Sapphire...
Frequent Contributor
Posts: 443
Registered: ‎03-22-2008
0

Re: Why the push for Business CCs

I have an Amex Gold account for business and an Advanta Platinum MC, it's interest rate is fixed at something crazy like 7.9 or 8.9% and came with 0% APR promo and has cash back rewards. There is also a love button for CLI on the site and they have been very generous with them. I like to use the Gold card for my everyday purchases and the Advanta for large purchase b/c neither shows up on my CR and therefor doesn't effect my utility while i try to get it under 9% for summer.

Current:
TU (5/14/14): 796 (Inquiries; 8/23/13)
EQ (3/23/14): 791 (Inquiries: 8/23/13)
EX (9/24/13): 780 (Inquiries: 7/2/12; 11/20/12; 7/30/13; 8/23/13)

Goals: No new inquiries for 2014, 800 for all CRs by 12/31/14
Epic Contributor
Posts: 23,760
Registered: ‎10-23-2007
0

Re: Why the push for Business CCs

GST I LOVE YOU! I didn't know Advanta had Luv button, just hit for both cards, 1 went 12,000 - 14400. Other 17,500 - 20500
 
I'M SO EXCITED!!!
Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

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
72 Cards and Counting :smileytongue:
Frequent Contributor
Posts: 443
Registered: ‎03-22-2008
0

Re: Why the push for Business CCs

lol glad i could contribute something useful! =P

Current:
TU (5/14/14): 796 (Inquiries; 8/23/13)
EQ (3/23/14): 791 (Inquiries: 8/23/13)
EX (9/24/13): 780 (Inquiries: 7/2/12; 11/20/12; 7/30/13; 8/23/13)

Goals: No new inquiries for 2014, 800 for all CRs by 12/31/14
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