topic Re: TD Business Credit Card in Business Credit

TD Business Credit Card

Anonymous — Wed, 25 Apr 2018 05:39:20 GMT

Hi has anyone ever applied for the TD bank business card? If so what was the approval process? Also what were some of the Starting limits?

Re: TD Business Credit Card

Credit-hoarder — Wed, 25 Apr 2018 08:30:24 GMT

Not exactly sure about the answers to your questions, but one thing you might want to be made aware of is their business card does report to your personal report--just a heads up.

Re: TD Business Credit Card

Anonymous — Wed, 25 Apr 2018 15:54:21 GMT

I applied through my bank manager I got instant 10,000. FYI I believe your chances are better if you have a relationship with them although it’s not needed. I go there from time to time and I hear them (tellers) telling some people (not every one) they are pre approved for a CC all they had to do was just accept it. So it seemed to me they market more towards their own customers.

Re: TD Business Credit Card

SouthJamaica — Wed, 25 Apr 2018 19:08:45 GMT

@Anonymous wrote:
Hi has anyone ever applied for the TD bank business card? If so what was the approval process? Also what were some of the Starting limits?

I did it recently.

It was very quick and easy.

They pulled EX.

SL was 25k.

Warning: it reports to your personal credit.

Re: TD Business Credit Card

Anonymous — Wed, 25 Apr 2018 19:15:21 GMT

That's great did you apply online? Also did you have a relationship with TD bank prior to application?

Re: TD Business Credit Card

SouthJamaica — Wed, 25 Apr 2018 19:24:16 GMT

@Anonymous wrote:
That's great did you apply online? Also did you have a relationship with TD bank prior to application?

Yes and yes, but I'm doubtful that that had anything to do with it.

The credit card department and the branch banking seem to be totally disconnected.

Re: TD Business Credit Card

CreditUnionFan — Mon, 07 May 2018 00:48:36 GMT

A few years ago it was rumored that TD credit cards were approved for those who had checking accounts. I deposited $100 into a checking account before I replied to one of their preapproved mailings. I've kept that Convenience Checking with $100 in it.

My spouse was pre-selected and was approved for a personal credit card without having their own checking account.

I'm thinking about applying for the business card myself. I expect to be solicited to open checking accounts while I'm in the branch. Their card division is "walled off" from their banking division, with only some information visible, as others have posted.

Re: TD Business Credit Card

Anonymous — Thu, 10 May 2018 16:19:28 GMT

For people who have a TD biz card, how did the starting limit you received on it compare with starting limits for any other cards you may have applied for at around the same time (or when you had roughly the same scores / income)?

Re: TD Business Credit Card

SouthJamaica — Thu, 10 May 2018 19:04:45 GMT

@Anonymous wrote:
For people who have a TD biz card, how did the starting limit you received on it compare with starting limits for any other cards you may have applied for at around the same time (or when you had roughly the same scores / income)?

Starting limit was higher.

But what's the good of a high credit limit if I can't use the card much, due to its reporting to personal credit?

Re: TD Business Credit Card

Anonymous — Thu, 10 May 2018 19:51:49 GMT

@SouthJamaica

But what's the good of a high credit limit if I can't use the card much, due to its reporting to personal credit?

That has been my philosphy as well... until recently, when it occurred to me that having another high-limit card on my personal report could be useful for the combined utilization on my personal report.

Re: TD Business Credit Card

SouthJamaica — Thu, 10 May 2018 22:28:17 GMT

@Anonymous wrote:
@SouthJamaica

But what's the good of a high credit limit if I can't use the card much, due to its reporting to personal credit?
That has been my philosphy as well... until recently, when it occurred to me that having another high-limit card on my personal report could be useful for the combined utilization on my personal report.

OK then it might be useful for you.

But I like the idea of being able to put major purchases on a business card when it's convenient, and with that card I feel it's a little risky. Might get stuck with a big balance reporting.