topic Re: You can now pre-qualify for the business FNBO 2% Cashback card in Business Credit

You can now pre-qualify for the business FNBO 2% Cashback card

bizcredit11 — Sun, 13 Jun 2021 17:04:46 GMT

Better APR than the personal card. I will not app yet, as I do not want to app for just one card.

Good luck everyone! It looks like your approval is all based on your personal credit Experian file.

bizcredit11

Re: You can now pre-qualify for the business FNBO 2% Cashback card

jaxstraw — Sun, 13 Jun 2021 17:05:18 GMT

@bizcredit11 wrote:
Better APR than the personal card. I will not app yet, as I do not want to app for just one card.

Good luck everyone! It looks like your approval is all based on your personal credit Experian file.
.

bizcredit11

Prequalify is always a great feature.

Though the one thing I did notice was the 3-4 posts on the personal CC forum it seemed everyone was getting 'your benefits could be $15000'.

They did report different APR offers though.

I'd like to see some approvals instead of folks just testing the system and see if they honor those numbers.

In my case when I used the personal preqal it gave me $15000 and a midrange APR.

But when I had cold apped the bz CC an hour or so earlier I was instantly approved for $7100.

The prequal was a soft pull....the cold app a hard pull...same CRA but two different products.

Great info though !!

Re: You can now pre-qualify for the business FNBO 2% Cashback card

ocheosa — Sun, 13 Jun 2021 17:06:18 GMT

@jaxstraw wrote:
@bizcredit11 wrote:
Better APR than the personal card. I will not app yet, as I do not want to app for just one card.

Good luck everyone! It looks like your approval is all based on your personal credit Experian file.
.

bizcredit11

Prequalify is always a great feature.
Though the one thing I did notice was the 3-4 posts on the personal CC forum it seemed everyone was getting 'your benefits could be $15000'.
They did report different APR offers though.
I'd like to see some approvals instead of folks just testing the system and see if they honor those numbers.
In my case when I used the personal preqal it gave me $15000 and a midrange APR.
But when I had cold apped the bz CC an hour or so earlier I was instantly approved for $7100.
The prequal was a soft pull....the cold app a hard pull...same CRA but two different products.

Great info though !!

@jaxstraw when I ran the prequal on personal card early last month it came back with 15k @18.24%. Like you, I chose the business version. Applied May 26 and got the 2-4week notice. Next day the 10-14 day review email. I finally received letter on Thursday requesting "TWO FORMS OF PHYSICAL ADDRESS VERIFICATION(BUS LICENSE, ARTICLES OF INC)." I faxed over BRC & EIN docs that afternoon. Called yesterday to confirm receipt and the Rep said faxed docs speed along the process. I estimated 20k annual spend on the application so really not expecting more than 5k SL but hope to get the 15.24% APR.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Anonymous — Sat, 12 Jun 2021 19:58:02 GMT

So many people are getting pre-qual and declined. Doesnt seem to hold much weight for approvals.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

gingerflower — Sat, 12 Jun 2021 23:33:58 GMT

@bizcredit11

Thank you for sharing info!

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Shooting-For-800 — Sun, 13 Jun 2021 13:29:14 GMT

There were quite a bit approvals also

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Thermionic_E — Sun, 13 Jun 2021 16:32:47 GMT

Do they report to personal or function like an Amex card?

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Sun, 13 Jun 2021 16:42:59 GMT

@Thermionic_E wrote:
Do they report to personal or function like an Amex card?

No they do not report to personal.

They do report to at least EX and D&B

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Thermionic_E — Sun, 13 Jun 2021 16:52:57 GMT

Okay, and so they pull your business credit like chase does for your paydex or Experian? I carried a balance on one of my business revolvers so I am not sure if I should risk it this month. And thanks!!

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Sun, 13 Jun 2021 17:00:59 GMT

For the DW last year, they pulled both Biz and Personal EX.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Thermionic_E — Sun, 13 Jun 2021 17:06:23 GMT

Oh **bleep**... I have a membership for my business Experian but I don't really understand how that site functions. I check Nav and d and b as well. Do you have a recommended way of easily assessing ones business Experian? I don't get why their mobile site at least is so opaque

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Sun, 13 Jun 2021 17:21:24 GMT

@Thermionic_E wrote:
Oh **bleep**... I have a membership for my business Experian but I don't really understand how that site functions. I check Nav and d and b as well. Do you have a recommended way of easily assessing ones business Experian? I don't get why their mobile site at least is so opaque

I have both as well. You may see more on the desktop, no sure. You can see INQ's on Biz Experian desktop version.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

ocheosa — Sun, 13 Jun 2021 17:27:52 GMT

@Thermionic_E wrote:
Okay, and so they pull your business credit like chase does for your paydex or Experian? I carried a balance on one of my business revolvers so I am not sure if I should risk it this month. And thanks!!

@Thermionic_E Im a sole proprietor, received alert personal EX was pulled as soon as app was submitted. Recently began building business credit so don't know if they also checked for business credit. At this point only using nav for free summaries.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Sun, 13 Jun 2021 18:25:50 GMT

I got $15k at 20% for the prequal. I think I will hold off a bit since I just got the personal version. This card is likely one of my next moves though.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

Thermionic_E — Sun, 13 Jun 2021 19:34:54 GMT

Thanks everyone. I really appreciate the data points

Re: You can now pre-qualify for the business FNBO 2% Cashback card

ocheosa — Sun, 13 Jun 2021 23:55:11 GMT

@spiritcraft1 wrote:
I got $15k at 20% for the prequal. I think I will hold off a bit since I just got the personal version. This card is likely one of my next moves though.

I was actually gardening this year in hopes of snagging the AmEx Business Cash in January '22. I set my reports on fire in December picking up 5 new personal accounts so needed the cool off period. This [prequal] opportunity was too good to pass and I am over the moon that it looks like an approval. Now I'm down to only the AmEx Amazon and Lowe's, may even try for a BLOC sometime late next year, then call it done for business credit. Gotta say it's been a great 2yr credit run, pandemic notwithstanding.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Mon, 14 Jun 2021 12:39:35 GMT

@ocheosa wrote:
@spiritcraft1 wrote:
I got $15k at 20% for the prequal. I think I will hold off a bit since I just got the personal version. This card is likely one of my next moves though.
I was actually gardening this year in hopes of snagging the AmEx Business Cash in January '22. I set my reports on fire in December picking up 5 new personal accounts so needed the cool off period. This [prequal] opportunity was too good to pass and I am over the moon that it looks like an approval. Now I'm down to only the AmEx Amazon and Lowe's, may even try for a BLOC sometime late next year, then call it done for business credit. Gotta say it's been a great 2yr credit run, pandemic notwithstanding.

Excellent. Let us know the final outcome.

Re: You can now pre-qualify for the business FNBO 2% Cashback card

AzCreditGuy — Sat, 19 Jun 2021 06:35:26 GMT

It says I have the best rates? That 5% balance transfer fee is the highest I have seen for new accounts. Might get it as the 0% APR could help me shift some of the SBA loan money that I took out and pay it down faster and also build payment history for the business. Data pts for you around 820ish credit score for all 3 on personal. 1% Uti and 6 inq on Ex (5 falling off in the next month) 2 inq on Eq ( both falling off next month) 2 inq on TU ( both falling off next month) Business side Gas card NO PG used for the past 3 years since applied for, Belhalf $10k credit line No PG that I never use and 1 SBA EIDL for $16.5k that is deferred until 06/28/21. Are they are a 3 hard pull or 1? I might go for it since I like the 0% APR

Re: You can now pre-qualify for the business FNBO 2% Cashback card

spiritcraft1 — Sat, 19 Jun 2021 06:36:16 GMT

@AzCreditGuy wrote:
It says I have the best rates? That 5% balance transfer fee is the highest I have seen for new accounts. Might get it as the 0% APR could help me shift some of the SBA loan money that I took out and pay it down faster and also build payment history for the business. Data pts for you around 820ish credit score for all 3 on personal. 1% Uti and 6 inq on Ex (5 falling off in the next month) 2 inq on Eq ( both falling off next month) 2 inq on TU ( both falling off next month) Business side Gas card NO PG used for the past 3 years since applied for, Belhalf $10k credit line No PG that I never use and 1 SBA EIDL for $16.5k that is deferred until 06/28/21. Are they are a 3 hard pull or 1? I might go for it since I like the 0% APR

One Hard Pull = EX Bankcard 09

Re: You can now pre-qualify for the business FNBO 2% Cashback card

AzCreditGuy — Sat, 19 Jun 2021 06:36:45 GMT

@spiritcraft1 wrote:
@AzCreditGuy wrote:
It says I have the best rates? That 5% balance transfer fee is the highest I have seen for new accounts. Might get it as the 0% APR could help me shift some of the SBA loan money that I took out and pay it down faster and also build payment history for the business. Data pts for you around 820ish credit score for all 3 on personal. 1% Uti and 6 inq on Ex (5 falling off in the next month) 2 inq on Eq ( both falling off next month) 2 inq on TU ( both falling off next month) Business side Gas card NO PG used for the past 3 years since applied for, Belhalf $10k credit line No PG that I never use and 1 SBA EIDL for $16.5k that is deferred until 06/28/21. Are they are a 3 hard pull or 1? I might go for it since I like the 0% APR

One Hard Pull = EX Bankcard 09

@spiritcraft1 So they dont pull Fico 8??? I might go for it for now if thats what they do, as I will have 1 inq from the SBA for a 2020 pull on Fico 8 EX