Re: Which Business Credit Card For 670 FICO?
06-16-2012 11:44 AM
I have been in business since 2004, profitable every year, growing year on year significantly, and I just happened to have high utilization in the past few months so my score fell from 714 to 649... Now it's back to 670.
What business credit cards should I apply for?
I really need credit to help me with my new venture... need to pay my team for the software development. But everyone talks about Exxon, Staples etc... I need a line of credit for my business and I'm hoping to get a CL of at least 20,000.
Should I be talking with my bank about a small business line of credit rather than looking for a business credit card?
Thanks in advance
I would be talking with your local bank about a line vs. credit card - if your local bank is Chase - No.
Im talking about a credit union that makes these decsions right in the branch you walk into!
If you have access to Navy Federal I have seen a little info and asked about verification of business and such a few months back and the couple people that had used them stated not as hard as online app seems to make it.
I would skip Capital one for business especially if looking to load up some debt for a few to get ew things started because they pull all 3 CR to apply and then report the card to Personal Credit each month... so you could tank your scores all over again...
Look into Key Bank, they had a MasterCard that you could x out the PG on app and sent in and they would go off business credit.... and they were not afraid to give some high credit lines.
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
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