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Approved for Cap1 Spark Classic for Business

MonoP0ly
Established Member

Approved for Cap1 Spark Classic for Business

I started a  business this week and decided I need a credit card to start building credit but more importantly  to help steamline the bookkeeping. I appd for the spark classic considering my limited business credit history and got the 7-10 day message. Called in and CSR told me to expect my card in 4 -6 business days. I definitely wasn't expecting an approval so Im happy about that. CSR did not know what my SL is.

 

DPs:

- Pulled my personal CR - EX, EQ & TU.

- Personal income - around 150k.

- Expected first year revenue - 200k

- Only other cap1 card I have is the QS1.

- Burned them on a 3k platinum about 4 years ago.

FICO 8 Scores - 03/2019 - EX: 558 | EQ: 763 | TU: 558
FICO 8 Scores - 04/2019 - EX: 573 | EQ: 759 | TU: 580

Credit Cards: Cap1 QuickSilver one | NFCU cashRewards | Discover it chrome(secured) | Synovus cash rewards
Loans: Navy FCU Shares Pledged Loan
Message 1 of 5
4 REPLIES 4
notoriouswithag
Regular Contributor

Re: Approved for Cap1 Spark Classic for Business

congrats, your background sounds similar to mine,(including the cap 1 burn) as I just bought into a small business as well and am working on expanding his first year.

 

I am a Cap 1 member but ended up going through Amex since im a customer there as well and they didnt pull my personal credit

Credit rebuild journey started 4/2017: Exp: 558|EQ:533|TU:565
As of 12/2018: Exp:679|EQ:652|TU:680

-Discover IT: $500 secured SL---->$1,950 |
-Capital One Venture 1: $5,500|
AMEX Blue Cash Everyday $1,000 (04/2018)|
AMEX Delta Gold SkyMiles $2,000(04/2018)| AMEX SPG $1,000(8/2018)| PNC Cash Rewards Visa $4,000(8/2018)| AU : United MileagePlus Explorer+ BoA BankAmeriCard
Message 2 of 5
LittleSal
Frequent Contributor

Re: Approved for Cap1 Spark Classic for Business

Nice one! Congrats.
Message 3 of 5
SouthJamaica
Super Contributor

Re: Approved for Cap1 Spark Classic for Business


@MonoP0ly wrote:

I started a  business this week and decided I need a credit card to start building credit but more importantly  to help steamline the bookkeeping. I appd for the spark classic considering my limited business credit history and got the 7-10 day message. Called in and CSR told me to expect my card in 4 -6 business days. I definitely wasn't expecting an approval so Im happy about that. CSR did not know what my SL is.

 

DPs:

- Pulled my personal CR - EX, EQ & TU.

- Personal income - around 150k.

- Expected first year revenue - 200k

- Only other cap1 card I have is the QS1.

- Burned them on a 3k platinum about 4 years ago.


Congratulations.

 

Just keep in mind that the account reports to your personal credit.

Message 4 of 5
credit_is_crack
Valued Contributor

Re: Approved for Cap1 Spark Classic for Business

Congrats on the new card and starting the new business!! 

Message 5 of 5
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