topic Re: Cap One Small Business Card? in Credit Cards

Cap One Small Business Card?

CreditDrama85 — Mon, 24 Sep 2007 05:31:55 GMT

Anyone have this card? What were your fico scores when approved? A friend of mine applied for us (Since im still in the credit repair stages) and he got the 7-10 day review message.... boo

and do small business creditors report to D n B on their own? or must you request that they do so?

Message Edited by CreditDrama85 on 09-23-2007 10:31 PM

Re: Cap One Small Business Card?

Anonymous — Wed, 26 Sep 2007 19:59:40 GMT

bump

Re: Cap One Small Business Card?

Anonymous — Wed, 26 Sep 2007 20:04:17 GMT

I dont have the card but upon speaking with a Cap one specialist investigating it some time ago, I was told that they do not report to DNB. The application didn'teven ask for an EIN so I'm thinking its a personal card in a biz disguise. This may have changed since then since C1 had made major changes in the past year.

Re: Cap One Small Business Card?

Anonymous — Thu, 27 Sep 2007 04:19:08 GMT

I have one,dont know about D&B,but it does not report on my personal cr either.

Re: Cap One Small Business Card?

CreditDrama85 — Fri, 05 Oct 2007 04:19:20 GMT

finally, finished processing our app...only a 500 cl kind of disappointed lol

Re: Cap One Small Business Card?

Anonymous — Fri, 05 Oct 2007 12:12:53 GMT

CreditDrama85 wrote:

finally, finished processing our app...only a 500 cl kind of disappointed lol

Sorry about the limit but that's Cap1 standard. What were your scores at the time?

Re: Cap One Small Business Card?

CreditDrama85 — Fri, 05 Oct 2007 12:27:24 GMT

my friend applied for us and had scores a little higher than mine ( i still have some major work to do with my util). his mid fico was a 550 with tu

Re: Cap One Small Business Card?

Anonymous — Fri, 05 Oct 2007 12:32:21 GMT

CreditDrama85 wrote:

my friend applied for us and had scores a little higher than mine ( i still have some major work to do with my util). his mid fico was a 550 with tu

Thanks for the info since I was thnking f applying for this as my first biz card

Re: Cap One Small Business Card?

Anonymous — Fri, 05 Oct 2007 12:41:10 GMT

thanks CreditDrama. bit the bullet and applied got an instant but not sure what the limit will be.

Re: Cap One Small Business Card?

Anonymous — Fri, 05 Oct 2007 15:56:11 GMT

Which one did you apply for?

Off to the Sleigh center with you.

@Anonymous wrote:
thanks CreditDrama. bit the bullet and applied got an instant but not sure what the limit will be.

Re: Cap One Small Business Card?

CreditDrama85 — Fri, 05 Oct 2007 17:57:11 GMT

it was the one without any rewards that said for newer businesses or those that want to build business credit history. credit lines range from $500-12,000 i think.

Re: Cap One Small Business Card?

Anonymous — Fri, 05 Oct 2007 18:38:10 GMT

@Anonymous wrote:
Which one did you apply for?

Off to the Sleigh center with you.

@Anonymous wrote:

thanks CreditDrama. bit the bullet and applied got an instant but not sure what the limit will be.

I app'd for the miles card and have alreayd checked in at the sleigh center. lol

Re: Cap One Small Business Card?

CreditDrama85 — Thu, 11 Oct 2007 03:00:08 GMT

it just occurred to me that each employee has a seperate account number. interesting. i wonder how and if the account will report to the credit bureaus?

Re: Cap One Small Business Card?

Anonymous — Thu, 11 Oct 2007 03:02:53 GMT

CreditDrama85 wrote:

it just occurred to me that each employee has a seperate account number. interesting. i wonder how and if the account will report to the credit bureaus?

Probably not because It i my understanding that this card does not report to personal credit. It woul most likely just report as your biz credit bt should you default, they may be able to go after each individual forcharges placed on their cards. I don't have any employees to issue cards to so I didn't read the part about additional cards. It also should give a statement breakdown on each card so you can tell who charged what.

Re: Cap One Small Business Card?

Anonymous — Thu, 11 Oct 2007 03:04:56 GMT

CreditDrama85 wrote:

it just occurred to me that each employee has a seperate account number. interesting. i wonder how and if the account will report to the credit bureaus?

Hey CD did you get the instant approval wih the 7-10 days to get your limit or did you get the 7-10 to process message? They never give the limit online whether instant or not just wondering.

Re: Cap One Small Business Card?

Anonymous — Fri, 12 Oct 2007 02:21:42 GMT

Even with their instant approvals, their limits still suck....1k with scores tht havent been updated EX 700, TU 709, EQ 680.

I cant really complain have no real file to speak of, at least it a start. But a miles card with a 1k limit? GMAB!!! so I have to max it out three times a month and PIF to make it worthwhile?

Re: Cap One Small Business Card?

Anonymous — Fri, 12 Oct 2007 02:32:09 GMT

ouch-

Re: Cap One Small Business Card?

Anonymous — Fri, 12 Oct 2007 02:40:45 GMT

well at least it wasn't a turndown.

Re: Cap One Small Business Card?

Anonymous — Fri, 12 Oct 2007 03:40:02 GMT

dnm45227 wrote:

well at least it wasn't a turndown.

I knew it wasn't a decline, it was an instant online approval. C1 just doesn't give the limit at the time of approval. Was hoping it was a better limit since it was an instant approval.

Sucks to take three hards for that.....a miles card to boot.

Message Edited by Brammy on 10-11-2007 11:40 PM

Re: Cap One Small Business Card?

Anonymous — Fri, 12 Oct 2007 03:43:25 GMT

Brammy wrote:

dnm45227 wrote:
well at least it wasn't a turndown.

I knew it wasn't a decline, it was an instant online approval. C1 just doesn't give the limit at the time of approval. Was hoping it was a better limit since it was an instant approval.

Sucks to take three hards for that.....a miles card to boot.

Message Edited by Brammy on 10-11-2007 11:40 PM

three, ouch. least they should have done was 1k for each hard.