topic Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points in Business Credit

Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Mon, 01 Jul 2019 03:03:33 GMT

Needless to say I was disappointed when I was only approved for the Sam's store card $12.5k.

Synchrony pulled Experian Biz and I had 11 tradelines reporting with a $10k high limit on my Amazon Net 55.

Then I did some research...it turns out you don't have to wait to re-apply for the Sam's MC. I knew I could have been approved for the MC first go around, but I wasn't. I talked to the underwriters at Synchrony (Credit Solutions) and was told I could re-apply any time.

I waited for the next month to come around (April 7th) and drove the hour to re-apply. I was already in their system with the store card approval, which made re-applying much easier. I actually had the desktop turned my way to enter relevent info for the MC. It went to pending and we called Synchrony. Took less than 5 minutes and I was approved for the MC for $12.5k.

I'm in CA and Synchrony pulled Experian Biz again with 12 tradelines reporting. This time my $12.5k store card at Sam's was my highest reporting account. The Synchrony business accounts report on Experian biz very quickly.

The majority of employees don't know how to run a business app at Sam's Club. I'm sure the turnover is high, but once you are in the system like in the case of the store card (which I wasn't very excited about) the flow and approval was much easier. I had initially applied off the ipads a couple of weeks prior. Get into their system and have a good number of tradelines and high limits too.

Hope this helps others grow their business and credit. Synchrony Sam's MC and store card, Amazon Net 55 and revolving (PG now only), Lowes Net AR, and Conoco/Phillips 66/76 Commercial all report to D&B and Experian Biz. It won't show on your personal and will help build your business credit.

I don't see any other No PG MC's out there except for this one. Build your business credit and make your business more valuable.

Also, my 2 accounts from Sam's Club have shown up on my LexisNexis as well. Not on my Equifax Biz yet. Equifax Biz is more strange and bizarre than Synchrony. Imagine that!

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Mon, 24 Jun 2019 03:16:07 GMT

I am going to wait for 3 months of payment history before I ask for a credit increase of 25-40%.

Curious if anyone in our forum has received a CLI on their Sam's biz MC? What was your overall experience?

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Anonymous — Sat, 22 Jun 2019 19:23:52 GMT

I just applied for the MC No PG....Ill be getting a decison in 7 to 10 days, wasnt approved on the spot but also wasnt denied.

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Sun, 23 Jun 2019 01:03:53 GMT

Were you asked/able to speak to Synchrony over the phone to confirm biz information Fenderguy?

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Anonymous — Sun, 23 Jun 2019 13:22:06 GMT

@bizcredit11 wrote:
Were you asked/able to speak to Synchrony over the phone to confirm biz information Fenderguy?

No as the rep was on the phone and when she got transfered I was not told anything, I wonder if I should call a back door and check to see whats going on?

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Sun, 23 Jun 2019 20:58:17 GMT

Did you have the Sam's biz store card already...so you were in their system?

What does your Experian Biz file look like? # of tradelines and high limits?

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Anonymous — Mon, 24 Jun 2019 15:51:59 GMT

@bizcredit11 wrote:
Did you have the Sam's biz store card already...so you were in their system?

What does your Experian Biz file look like? # of tradelines and high limits?

I only got a Sams consumer card to apply for MC business card, so I was in the system only for that.

Thin file 1 trade with $10k limit

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Tue, 25 Jun 2019 01:28:05 GMT

A Sam's personal MC or just a personal store card? Definitely helpful to have a strong history with Synchrony.

Your $10k limit is good, but 1 tradeline really hurts your approval process even with just a biz store card.

Tradelines are not that difficult to build it just takes time. Let me know if I can help.

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Time2letgo — Wed, 26 Jun 2019 21:07:30 GMT

@bizcredit11 wrote:
A Sam's personal MC or just a personal store card? Definitely helpful to have a strong history with Synchrony.

Your $10k limit is good, but 1 tradeline really hurts your approval process even with just a biz store card.

Tradelines are not that difficult to build it just takes time. Let me know if I can help.

bizcredit11

How many tradelines are a good number to shoot for?

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Thu, 27 Jun 2019 01:04:53 GMT

That depends on your business credit profile Time2letgo.

Normally it's a combination of vendor, store, gas, and revolving accounts that are being built and reported.

Under normal circumstances between 10-15 accounts depending on the history and limits of those reporting.

When I see your business credit you have many revolving accounts already. How many tradelines do you have reporting on Experian biz?

Depending on what's reporting you may have enough already. 3-5 could do it because of your revolving history currently.

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Time2letgo — Thu, 27 Jun 2019 17:08:22 GMT

@bizcredit11 wrote:
That depends on your business credit profile Time2letgo.

Normally it's a combination of vendor, store, gas, and revolving accounts that are being built and reported.

Under normal circumstances between 10-15 accounts depending on the history and limits of those reporting.

When I see your business credit you have many revolving accounts already. How many tradelines do you have reporting on Experian biz?

Depending on what's reporting you may have enough already. 3-5 could do it because of your revolving history currently.

bizcredit11

Still trying to get a hang of how this business credit thingy works. I have been a registered dba self employed since 2011. In 2014 I formed a Corp and filed as an S-Corp but on advise of my CPA changed it to a LLC in 2015. The business has been steadily growing now and employs 4 full time employees and 4 independent contractors. I have not had any issues getting business credit cards because all the ones I have are based off of my personal credit and when I pull my duns report it doesn't seem like any of them are reporting. Only a couple stationery suppliers report but the limits they show are $300 since we typically don't have monthly orders in excess of that amount. I haven't pulled Experian business lately, will do that this week. Just signed up for the Duns credit builder last week and added a few trade references manually which they verified, 3 of which were accepted and bumped my Paydex from a 80 to 87. I don't plan on keeping that service for more that 3 months as I will be billed quarterly, but was just wondering what is a good number of tradelines that will look attractive to perspective lenders but not look like this company already has too many open lines.

Update:

Couldn't find a free way to view Experian Biz report but paid for a 1 year subscription @ $179.00. Turns out that the Chase biz card and PNC biz card are reporting. Not sure if that's because those are the 2 cards that currently have a balance right now but for some reason those 2 don't even show on Duns report but I'll continue to monitor. I appreciate all the help I have received from this forum.

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Sun, 30 Jun 2019 03:56:34 GMT

@Timetoletgo

"I have not had any issues getting business credit cards because all the ones I have are based off of my personal credit."

You can get business credit/approvals much faster/larger with a PG. Your business credit cards can still be hidden (like AMX & many others).

No one I have ever spoken with has said that D&B Credit Builder is worth the money. 3 months is plenty, but the problem is when you stop paying for the service your tradelines that D&B "ok"d to boost your Paydex say...disappear. Even though you paid for that...that should not happen.

"What is a good number of tradelines that will look attractive to perspective lenders?"

A good number of tradelines that will look attractive to perspective lenders are ones that you can comfortably and financially manage. Although, if you are going to PG all your business credit cards/store cards, and gas cards don't be concerned about creating tradelines. Just let it happen over time. You don't need tradelines for approval; you are PG'ing... just have excellent personal credit.

Experian biz is well worth the $179 annually. It's the only credit bureau I pay for because it's the one the majority of my lendors use. D&B is slow and Equifax biz is a whole nother beast. In comparison, Experian biz puts the other 2 to shame.

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Tue, 02 Jul 2019 03:10:57 GMT

Ultimately, your D&B report is not the most important. Granted it helps to have multiple accounts reporting to build your file/credit.

Experian biz will serve you the best! Chase, AMX, PNC, and a multitude of others will pull here because it's dependable.

Equifax biz is a crap shoot! I don't trust Equifax biz, nor do I want to do business with a company that pulls just them.

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

GApeachy — Thu, 15 Aug 2019 06:03:32 GMT

@bizcredit11 wrote:
Equifax biz is a crap shoot! I don't trust Equifax biz, nor do I want to do business with a company that pulls just them. Citi Staples is the only one reporting to them for me...meh.

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Anonymous — Fri, 05 Jul 2019 01:55:45 GMT

Does anyone have a recon number for the Sams Club MC? I still have not received a letter or anything on my app that I did 2 weeks ago

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Fri, 05 Jul 2019 20:35:04 GMT

Perhaps with the holiday you will receive something today or tomorrow Fenderguy.

I pulled these off the "Backdoor Numbers" post from Scamp

Sam's Club: 800-301-5546, 866-246-4282 (Underwriting)
Sam's Club/WalMart: 877-294-7541 (escalated help desk)

Perhaps one of the above will be helpful. There are other Synchrony #'s on the post as well.

Good hunting!

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

bizcredit11 — Tue, 20 Aug 2019 23:18:35 GMT

Just requested a 40% increase on my Sam's Club No PG Mastercard. Started at $12.5k 3 months ago.

I was on the line for about 10 minutes with Synchrony Corporate (Credit Solutions), then got cut off.

Called back and could not connect with the same rep that had me on hold. Rather than run another CLI I

opted to wait and see if she would call back. No return call, but I was approved for $17.5k according to my

online account.

I payed $30 in total interest during the first and second statements. The third statement I paid in full which

was $2272-. Since it recently reported on Experian Biz, I took a shot even though it's only been 3 months.

Synchrony did pull my Experian biz report for the CLI. 15 tradelines are reporting.

So, my Sam's Club MC has been on my Experian biz for over 3 reporting statements. Still not on my D&B report even though my Sam's store biz card reported there 3-4 months ago. D&B is such a racket! I had a call from D&B recently, but I refuse to call them back. I don't need or want their services.

Anyway, I never mind taking a shot with No PG business CLI's. You never know until you ask.

bizcredit11

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

jaxstraw — Thu, 15 Aug 2019 01:01:42 GMT

@bizcredit11 wrote:
Just requested a 40% increase on my Sam's Club No PG Mastercard. Started at $12.5k 3 months ago.

I was on the line for about 10 minutes with Synchrony Corporate (Credit Solutions), then got cut off.

Called back and could not connect with the same rep that had me on hold. Rather than run another CLI I
opted to wait and see if she would call back. No return call, but I was approved for $17.5k according to my
online account.

I payed $30 in total interest during the first and second statements. The third statement I paid in full which
was $2272-. Since it recently reported on Experian Biz, I took a shot even though it's only been 3 months.

So, my Sam's Club MC has been on my Experian biz for over 3 reporting statements. Still not on my D&B report even though my Sam's store biz card reported there 3-4 months ago. D&B is such a racket! I had a call from D&B recently, but I refuse to call them back. I don't want their services.

Anyway, I never mind taking a shot with No PG business CLI's. You never know until you ask.

bizcredit11

Great job !!!

I know you have been looking at/for a CLI on this card for a bit now from some of the other posts I've read.

Glad it all worked out and thanks for the DP's.

I just got my second statement tonight......will probably try at my third also.

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

GApeachy — Thu, 15 Aug 2019 06:06:08 GMT

@bizcredit11 wrote:
Just requested a 40% increase on my Sam's Club No PG Mastercard. Started at $12.5k 3 months ago.

I was on the line for about 10 minutes with Synchrony Corporate (Credit Solutions), then got cut off.

Called back and could not connect with the same rep that had me on hold. Rather than run another CLI I
opted to wait and see if she would call back. No return call, but I was approved for $17.5k according to my
online account.

Congrats! Nice sl and cli. Thanks for posting, would like this card too.

Re: Sam's Club Store Card No PG... 2 Weeks Later Sam's MC No PG w/data points

Anonymous — Thu, 15 Aug 2019 18:17:18 GMT

Gee, makes me wish I had a Sam's club around here!

I had to settle for Lowe's because there's an actual physical store within 100 miles.

Sadly they only approved me for $2K, which makes it difficult for what my plans were. Since it's SYNCH though maybe CLI will be generous over time.