topic Re: Does the Costco Business require a PG? in Business Credit

Does the Costco Business require a PG?

asifali — Sun, 21 Aug 2022 18:37:27 GMT

Hi Everyone,

I was wondering if the Costco Business Credit Card required a personal guarantee.

2 weeks ago I got approved for Sams Club Business for a CL of $8k without any PG/Hard Pull to my personal credit. I'm hoping its the same for Costco. Please let me know!

Re: Does the Costco Business require a PG?

bizcredit11 — Mon, 22 Aug 2022 00:12:04 GMT

@asifali wrote:
Hi Everyone,

I was wondering if the Costco Business Credit Card required a personal guarantee.
2 weeks ago I got approved for Sams Club Business for a CL of $8k without any PG/Hard Pull to my personal credit. I'm hoping its the same for Costco. Please let me know!

@asifali Welcome to myFico! Lots of solid information and data here.

Yes, it's definitely a PG. Congrats on your Sam's business card no PG. Are you working towards the MC?

Do you really need both anyway? You are on your way with Sam's Club.

bizcredit11

Re: Does the Costco Business require a PG?

asifali — Mon, 22 Aug 2022 00:35:58 GMT

Thanks!

I'm worried my personal credit won't be suffcient enough for the card.

I wanted the Costco business card because I shop very frequently there for certain business needs and somethings Sams Club doesn't have, Costco has.

Re: Does the Costco Business require a PG?

bizcredit11 — Tue, 23 Aug 2022 00:17:12 GMT

@asifali wrote:
Thanks!

I'm worried my personal credit won't be suffcient enough for the card.
I wanted the Costco business card because I shop very frequently there for certain business needs and somethings Sams Club doesn't have, Costco has.

Then don't apply and PG. I worked on my business credit for well over 2 years without PG'ing any accounts. This gave me time to work on and improve my personal credit. Can you just use another Visa card at Costco for awhile? I have not found Costco and Sam's to be that different.

Re: Does the Costco Business require a PG?

Creditaddict — Tue, 23 Aug 2022 01:20:55 GMT

@bizcredit11 wrote:
@asifali wrote:
Thanks!

I'm worried my personal credit won't be suffcient enough for the card.
I wanted the Costco business card because I shop very frequently there for certain business needs and somethings Sams Club doesn't have, Costco has.
Then don't apply and PG. I worked on my business credit for well over 2 years without PG'ing any accounts. This gave me time to work on and improve my personal credit. Can you just use another Visa card at Costco for awhile? I have not found Costco and Sam's to be that different.

EXTREMELY Different for me!

Costco has free delivery when you spend over $250.

Tons of products even with Sams Plus accounts particularly Vending type products do not ship free and you have to go pickup.

I actually use Costco more than Sams despite having $40k+ in 2 business cards with Sam but can't get 1 with Costco now that they went citi!

Re: Does the Costco Business require a PG?

asifali — Thu, 25 Aug 2022 17:21:33 GMT

Yea, thats why I really was looking into the Costco Business card. Are there any alternitives that I can apply for?