topic Re: Approved for $40,000 Business Credit Card. in Business Credit

Approved for $40,000 Business Credit Card.

Kasuito39 — Tue, 13 Sep 2022 23:05:54 GMT

Applied for the Capital on Tap card 2 days ago and received a call today to verify personal information. 2 hours later received an email with an approval of $40,000.00. So far this is my highest Visa business card with a Soft Pull.

Re: Approved for $40,000 Business Credit Card.

601flyguy — Wed, 14 Sep 2022 01:18:46 GMT

Congrats! What other cards are easy to get?

Re: Approved for $40,000 Business Credit Card.

babygirl1256 — Wed, 14 Sep 2022 06:18:45 GMT

Congrats on your Capital on Tap card approval and your whoppin' $40k CL . . . that's super sweet!!!

Re: Approved for $40,000 Business Credit Card.

Stealth-1 — Wed, 14 Sep 2022 12:08:06 GMT

Congrats on the card approval and nice SL.

Re: Approved for $40,000 Business Credit Card.

AzCreditGuy — Wed, 14 Sep 2022 14:54:42 GMT

@Kasuito39 wrote:
Applied for the Capital on Tap card 2 days ago and received a call today to verify personal information. 2 hours later received an email with an approval of $40,000.00. So far this is my highest Visa business card with a Soft Pull.

Congrats on your approval. Can you confirm its a Soft Pull? Also do you know if this reports to personal and business or just business credit reports? I was going to apply but I want to make sure there are no hard pulls

Re: Approved for $40,000 Business Credit Card.

601flyguy — Wed, 14 Sep 2022 15:13:19 GMT

Yes it's soft pull and only reports to biz reports.

Re: Approved for $40,000 Business Credit Card.

AzCreditGuy — Wed, 14 Sep 2022 16:03:13 GMT

Funny how I just got a GM Buss Card for 31k and denied here? Oh well I wont reapply because I know my credit is over 800 and my Business has under 5% of debt and been in business for over 10+ years

Re: Approved for $40,000 Business Credit Card.

cashorcharge — Thu, 15 Sep 2022 00:51:26 GMT

WOOHOO! Congratulations on your approval!!🎉🍾🥂

Re: Approved for $40,000 Business Credit Card.

Vandevere321 — Thu, 15 Sep 2022 07:07:46 GMT

Congratulations on that awesome SL!!!

I applied last year and was denied , think I'll re apply!!!

Re: Approved for $40,000 Business Credit Card.

bigpoppa1 — Fri, 16 Sep 2022 09:54:08 GMT

What were your personal credit scores and business credit scores?

What were your combined total personal and business credit lines?

How much income did you input on your application?

Did they verify income with bank statements?

Re: Approved for $40,000 Business Credit Card.

Kasuito39 — Sat, 17 Sep 2022 00:54:47 GMT

@bigpoppa1 here you go.

What were your personal credit scores and business credit scores? Exp 710 Eq 728 TU 707 Business Exp 72

What were your combined total personal and business credit lines? $169K & 88K

How much income did you input on your application? 62k

Did they verify income with bank statements? No

Bonus

Requested DL front and back via QR code

Facial Selfie

BK 7 discharge 2017

Business open October 2017 with 14 tradelines reporting in Business Exp.

Hope this helps!

Re: Approved for $40,000 Business Credit Card.

triplej0718 — Mon, 19 Sep 2022 20:50:19 GMT

Congrats. I didn't know Cap on Tap approves with people have BK on their reports. That's awesome.

Re: Approved for $40,000 Business Credit Card.

Conceptual23 — Wed, 21 Sep 2022 02:45:08 GMT

Thinking about pulling the trigger myself for this card. Do you know which credit bureau they soft pull?

Re: Approved for $40,000 Business Credit Card.

Creditaddict — Fri, 30 Sep 2022 01:18:21 GMT

I just applied and got approved instantly

Great news, -----qualifies for the Capital on Tap Business Credit Card, subject to verification checks!

Your credit limit: $32,000.00

The interest rate is like 34.99% though. so guess that's pay in full so I my as well use my amex!

Re: Approved for $40,000 Business Credit Card.

Kasuito39 — Sat, 01 Oct 2022 00:19:09 GMT

Congratulations for the massive $32k approval. Enjoy!

For those of you who use Plastiq and Melio to pay your business vendors, Capital on Tap is NOT acceptable like other Fintech Business Cards including Divvy and Ramp etc. INMO this is a missed opportunity for COT.

Re: Approved for $40,000 Business Credit Card.

Creditaddict — Sat, 01 Oct 2022 00:37:22 GMT

Husband received $19k approval this morning under another of our companies.

we won't use though with the interest rate.

could have used cards like this before when I couldn't get Amex!

Re: Approved for $40,000 Business Credit Card.

Kasuito39 — Sat, 01 Oct 2022 01:36:58 GMT

Congrats on your hubby's approval

Re: Approved for $40,000 Business Credit Card.

Janneman — Sat, 01 Oct 2022 02:50:23 GMT

@AzCreditGuy wrote:
Funny how I just got a GM Buss Card for 31k and denied here? Oh well I wont reapply because I know my credit is over 800 and my Business has under 5% of debt and been in business for over 10+ years

Sorry, but your personal or/and business score might not be higher? Or the length of your business might be shorter? Or you have sole proprietorship, while they might need Corporation or LLC?? I was denied to just today for the same reason as you were...My company's structure is Sole Proprietorship and is been around less than 2 yrs...and my business score I dont know but I think not enough/higher as I have started obtaining business tradelines just a few months ago...So, all these I believe contributed to get denial for this card...