@smvmny wrote:I have two companies (LLC-1 & LLC-2) that are two years and one year old respectively. LLC-1 had three business cards at time of application and LLC-2 zero. My scores at application were EQ-813 TU-829 EX-821. Thought I'd provide some data points and experience from my recent app spree for business credit cards.
LLC-1: Existing cards- Chase Ink Preferred- $20k, Amex SPG- $3k, Citi Costco- $4k
Wells Fargo Business Platinum Cash: approved $2,500, pulled EXP
US Bank Business Cash: approved $20k, pulled EXP
BofA Travel Rewards: Declined, pulled TU
LLC-2: No cards
Wells Fargo Business Platinum Cash: approved $2,500, pulled EXP
US Bank Business Cash: pending, pulled EXP
BofA Travel Rewards: Declined, pulled TU
Chase Ink Preferred: approved $10k, pulled EXP
Amex Blue Business: approved $2k
Amex Delta Platinum: approved $3k
Wells Fargo: I applied online, but when I called for status I was told I had to apply in branch. In order to apply online you must be a checking customer with them for at least a year. Kind of a hassle, but it is what it is. Didn't get an instant approval in branch Friday, but by Monday I got the conditional approval email on both LLC's for $2,500 which is the minimum credit line.
US Bank: I have no relationship with them other than a personal card for $10k. Submitted both applications online, got the pending message and checked the application status line a couple days later and got the approval for LLC-1 for $20k. For some reason, they didnt get the application for LLC-2, so I had to reapply and it is now in pending status. WIll update this when I hear back.
Amex: Instant approvals on both LLC-2 cards, although the limits are lower than I would like. Didn't see any inquiries come through, so not sure if they used their internal scoring system on these or what. Applied for the Blue Business for LLC-1, but apparently I reached my limit of 5 cards and/or number of cards approved in one day.
Chase: They are my primary personal and business bank. I applied and got the "We'll let you know our decision as soon as possible." and received a call the next day from lending to review my application. Underwriter recommended approval for $10k. Still waiting for it to refelct online.
Bank of America:@ I saved these special people for last to show the contrast between them and every other bank. I applied online and received the email requesting some documents. Articles of Organization and EIN, no problem. 2 years accountant prepared TR for the business and 2 years personal TR. Did I apply for a mortgage and not realize it?! I called into their underwriting department and told them I wouldn't be sending in TR's, and they said to just send in the business formation docs and they could review for approval. Called back a couple days later and was declined for lack of deposits and insufficient information on D&B. As a professional service business, I don't have vendors, I pay for everything up front, and I refuse to pay the crooks at D&B to thicken up my profile with them. Anyway, I asked for a review and the underwriter I spoke to said he was going to refer it to his supervisor to see if they could approve it by looking at the personal credit. Long story short, unless you have a bank account with them (I have a personal card @ $10k) don't bother wasting the inquiry. I'll update if they come to their senses, lol.
*Purposely didn't apply for Capital One because their business cards report on personal credit reports which defeats the purpose for me.
We all have different experiences.
My applications with Bank of America went through very smoothly, no hassles at all. But Chase wouldn't give me the sweat off its nose.
Ahh I see , They are pretty relaxed. My girlfriends family member served and I was able to get an account that way . Once I was in I was able to add my best friend who is like a brother to me and now he is ahead with 15k CC and 15k Max CLOC business 
. They seem to pull TU only for the CCs in both our case . Ex for the CLOC , His was business and I was personal for 6k