topic Citizens CC and BLOC. Update: Denied in Business Credit

Citizens CC and BLOC. Update: Denied

socalchef00 — Tue, 08 Feb 2022 20:22:52 GMT

I see alot of people going for this CC and BLOC for their businesses and everyone says its a SP. Has anyone ever had it not be a SP and get dinged with a HP?

I don't want to add any more inquiries to what I already have personally but would like to start establishing my business credit and this CC and BLOC would be a fantastic addition

Re: Citizens CC and BLOC

4sallypat — Tue, 18 Jan 2022 02:07:53 GMT

Citizen's is a true SP business card for me but your YEMV.

I had to submit business bank statements and state resale certificate to get approved.

Re: Citizens CC and BLOC

4sallypat — Tue, 18 Jan 2022 14:24:48 GMT

@socalchef00 Try out the new fintech banks that will lend (charge cards) solely based on EIN, income statements, bank statements, bank account links and never pulls your personal credit - always a SP:

Divvy, Brex, Capital On Tap, Torpago, Rho, Kleer, Corpay.....

Lots of YT videos on what each issuer looks for and how to apply.

Everyday Citizens Bank MC and BLOC denial

socalchef00 — Tue, 08 Feb 2022 17:31:33 GMT

Darn it.

Got denied for both due to business industry is ineligible for the lender credit product.

Sometimes it sucks have a so called risky business.

I guess on to the next one.

Re: Everyday Citizens Bank MC and BLOC denial

Goos — Tue, 08 Feb 2022 17:58:55 GMT

How long was the process and was there a way to check progress ? I applied and I'm under review had to upload my driver's licence .

Re: Everyday Citizens Bank MC and BLOC denial

socalchef00 — Tue, 08 Feb 2022 18:11:28 GMT

Was about 2-3 business days from submission of each

Re: Everyday Citizens Bank MC and BLOC denial

URHomeInvestments — Tue, 08 Feb 2022 22:34:49 GMT

What business is "risky" for this credit card and line of credit product?

Re: Everyday Citizens Bank MC and BLOC denial

socalchef00 — Thu, 10 Feb 2022 21:23:51 GMT

@URHomeInvestments wrote:
What business is "risky" for this credit card and line of credit product?

Educator in the stock market

Citizens CC and BLOC for a sole prop?

socalchef00 — Thu, 10 Feb 2022 21:25:18 GMT

Has anyone with a Sole Prop with an EIN ever applied for the Citizens CC and/or BLOC and still only have a SP done on their personal report?

I saw the application has a section for EIN even for the sole prop's but I'm curious to know if anyone got approved w/o a HP ?

Re: Citizens CC and BLOC for a sole prop?

fm92555 — Fri, 11 Feb 2022 04:38:12 GMT

In case you didn't know, sole props can have an EIN if they have employees. But the IRS is only supposed to give you 1 EIN no matter how many different businesses you have.

Re: Citizens CC and BLOC for a sole prop?

socalchef00 — Fri, 11 Feb 2022 04:50:10 GMT

@fm92555 wrote:
In case you didn't know, sole props can have an EIN if they have employees. But the IRS is only supposed to give you 1 EIN no matter how many different businesses you have.

I know that.

Just asking if anyones used their sole prop business with an EIN to get the CC or BLOC w/o using their SSN to avoid a HP.