topic Re: Spark Business, Approved! in Business Credit

Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 00:59:44 GMT

I started my business, a month ago. I hope they will give credit limit increases!

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:02:01 GMT

@ficoguy2013 wrote:

I started my business, a month ago. I hope they will give credit limit increases!

HMM... I've been in business for over 25 years. Does that mean I could get a $150,000 credit line?

Re: Spark Business, Approved!

Ron1 — Sat, 09 May 2015 01:02:24 GMT

Congrats !!!!

Ron.

Re: Spark Business, Approved!

northface28 — Sat, 09 May 2015 01:03:23 GMT

Congrats? Im not sure what to say, $500? For a BUSINESS card? Im not sure what kind of business youre running, but this card could/should be of little use.

Re: Spark Business, Approved!

I-think-I-can — Sat, 09 May 2015 01:03:58 GMT

Congrats!

Re: Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 01:04:23 GMT

@northface28 wrote:
Congrats? Im not sure what to say, $500? For a BUSINESS card? Im not sure what kind of business youre running, but this card could/should be of little use.

Of course, however I have no BUSINESS CREDIT.

I guess it's like a business 'credit starter' lol

Re: Spark Business, Approved!

SouthJamaica — Sat, 09 May 2015 01:41:38 GMT

My experience with Cap One has been that every 6 months they'll give you an auto CLI or you can request a CLI; and they have been reasonable about it.

Just keep paying it off and you'll get increases.

If you like, you could email their Executive Offices, and ask them to "reconsider" or ask them to take some of your Quicksilver credit limit and apply it to your Spark card.

You'll get a fair hearing.

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:41:20 GMT

You could have given Amex a try for business with no current business cards. Even Chase. $500 is....well congrats all the same. Wouldnt be worth the AAoA hit on my personal report, I prefer business cards reporting to business credit, but everyone has to start somewhere I suppose.

Re: Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 01:44:42 GMT

@Anonymous wrote:
You could have given Amex a try for business with no current business cards. Even Chase. $500 is....well congrats all the same. Wouldnt be worth the AAoA hit on my personal report, I prefer business cards reporting to business credit, but everyone has to start somewhere I suppose.

which Amex card should I apply for, I haven't bothered trying because of the no business credit. And for chase?

I really appreicate all the help

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:49:38 GMT

@ficoguy2013 wrote:
@Anonymous wrote:
You could have given Amex a try for business with no current business cards. Even Chase. $500 is....well congrats all the same. Wouldnt be worth the AAoA hit on my personal report, I prefer business cards reporting to business credit, but everyone has to start somewhere I suppose.
which Amex card should I apply for, I haven't bothered trying because of the no business credit. And for chase?

I really appreicate all the help

Amex SimplyCash, Chase Ink.

Re: Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 01:50:50 GMT

For Chase and Amex,

I got the 'pending review.'

-fingers crossed-

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:51:38 GMT

It depends on what type of business you have and where you spend the most. I got SimplyCash with no business credit its 5% on cell phone and office supplies. A 3% category you can choose - shipping, restaurants, gas etc.,

With Chase Ink Cash and Ink Plus are good cards. One with an AF and one without. Browse through the links below and do a little google research to see what might work for you

http://www.nerdwallet.com/blog/credit-cards/american-express-simplycash-review/

https://www.chase.com/online/business-credit-cards/ink-business-credit-cards.htm

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:52:16 GMT

Good grief you work fast! lol Never mind the links then

Re: Spark Business, Approved!

SouthJamaica — Sat, 09 May 2015 01:53:22 GMT

@ficoguy2013 wrote:
@Anonymous wrote:
You could have given Amex a try for business with no current business cards. Even Chase. $500 is....well congrats all the same. Wouldnt be worth the AAoA hit on my personal report, I prefer business cards reporting to business credit, but everyone has to start somewhere I suppose.
which Amex card should I apply for, I haven't bothered trying because of the no business credit. And for chase?

I really appreicate all the help

The easiest to get are the charge cards, but they have big disadvantages: they don't report your credit limit and utilization, and of course you have no option to carry the balance for a month or two.

The business card I would personally love to have is the Simply Cash business version, but it doesn't seem to be easy to get.

Probably the easiest business revolver to get would be the Delta Gold Skymiles business versison.

Re: Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 01:54:43 GMT

@Anonymous wrote:
Good grief you work fast! lol Never mind the links then

Hahaha, yeah. I got a little excited because this will help my business thrive.

Re: Spark Business, Approved!

ficoguy2013 — Sat, 09 May 2015 01:55:17 GMT

@SouthJamaica wrote:
@ficoguy2013 wrote:
@Anonymous wrote:
You could have given Amex a try for business with no current business cards. Even Chase. $500 is....well congrats all the same. Wouldnt be worth the AAoA hit on my personal report, I prefer business cards reporting to business credit, but everyone has to start somewhere I suppose.
which Amex card should I apply for, I haven't bothered trying because of the no business credit. And for chase?

I really appreicate all the help
The easiest to get are the charge cards, but they have big disadvantages: they don't report your credit limit and utilization, and of course you have no option to carry the balance for a month or two.

The business card I would personally love to have is the Simply Cash business version, but it doesn't seem to be easy to get.

Probably the easiest business revolver to get would be the Delta Gold Skymiles business versison.

For the AMEX, I got an email to contact them before making a decision.

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 01:58:01 GMT

Get crackin! Sounds like it might be verification. Good luck

Re: Spark Business, Approved!

Anonymous — Sat, 09 May 2015 12:06:57 GMT

@ficoguy2013 wrote:

I started my business, a month ago. I hope they will give credit limit increases!

Congrats...

Re: Spark Business, Approved!

Anonymous — Mon, 11 May 2015 13:13:15 GMT

500 on a biz card, doesn't make sense. Cap 1 is weird someone. Maybe this is the credit steps for business. Anyway use it wisely, because they will give you an increase... I got mine at 5 month, 2k -5k.

Re: Spark Business, Approved!

youngman1234 — Mon, 11 May 2015 13:40:11 GMT

Got approved for the spark cash card.. 50k !! Can't wait to start getting 2%