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Why the push for Business CCs

Established Contributor

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...
Message 1 of 10
9 REPLIES
Moderator Emeritus

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?


Message 2 of 10
Established Contributor

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...
Message 3 of 10
Moderator Emeritus

Re: Why the push for Business CCs

I own a business-
 
Amex, Capone and WAMU
 
Citi declined me Smiley Mad
Message 4 of 10
Epic Contributor

Re: Why the push for Business CCs

start with a first equity card.  They will approve with PR in LOW 600.
Message 5 of 10
Super Contributor

Re: Why the push for Business CCs

First Equity also has MC but it is issued as Platinum America Card.
Message 6 of 10
Established Contributor

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...
Message 7 of 10
Frequent Contributor

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
Message 8 of 10
Epic Contributor

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!!!
Message 9 of 10
Frequent Contributor

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
Message 10 of 10