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@Nicky101 wrote:Don't bother with any net 30's.
Experian is the new king of business reports. D&B is okay and Equifax business reports are trash.
1. Apply for Citizens Bus MC...it is a soft pull to your personal equifax but they will ask for bank statements so be prepared. Have personal CC only, they dont do business apps in my state
2. FNBO Business is a soft pull to your personal experian and a hard pull if you accecpt their offer. App was over a month long, told them to forget it. I think it was the time when they started to turn others away, since they were geting a lot of apps
3. Bank of America is a hard pull to Tranunion when you apply but soft pull for CLIs.Closed my Business account with them now have a Perosnal CC and will keep it that way
4. GM Business Card is soft pull on your personal equifax...No hard pull even after you accept. This seems good, I'll look into this after I pay down a card I have in August
Thanks Nick
GL, Nick
I can never wait and tried it since I did confirm if it was a SP and nothing has changed. Went through the process and submitted. I was told I would be offered a $31k CL, but I had to send in EIN. Which I did upload. I should be good to go once they review that document. Hopefully this card will report to Experian Business
@bizcredit11 Suprised that you found this card not to be a true business card? I found your comments on that thread very interesting, even after the OP stated what they found out, after they applied.
@AzCreditGuy Initially, I could never find out if Marcus reported to business not personal. It took multiple phone calls, transfers, and lack of knowledge and misinformation from Marcus. Finally after many calls and conversations it was stated not to report to personal. It was a long and tedious process.
Then, when I did apply I was approved for $4500 back in March, but I did not accept the offer. Marcus told me I could re-apply anytime after the offer expired. This turned out to be a total mess. I have never been able to re-apply since even after many phone calls, transfers, and numerous escalations to fix the problem. No one at Marcus has fixed the problem even after waiting over 30 days to reapply I still couldn't re-apply. You can't even apply over the phone! Marcus is very incompetent especially on the business side where they have little or no experience.
It's a business card alright, but not one I want because of Marcus.
bizcredit11
Man I have to say the GM Business Card by Marcus, was one of the easiest cards I have every gotten. Apply online and submit. I was told to upload my business tax id, which I did and less than a week I am approved for $31k SL. SP on my personal credit and thats it. I do feel the APR is high since I have scores over 790 on all 3, but that 0% APR will come in handy for 12 months. Big shoutout to @Nicky101 for giving me the heads up on this card. This is what I am talking about when it comes to helping other business owners.
@AzCreditGuy wrote:Man I have to say the GM Business Card by Marcus, was one of the easiest cards I have every gotten. Apply online and submit. I was told to upload my business tax id, which I did and less than a week I am approved for $31k SL. SP on my personal credit and thats it. I do feel the APR is high since I have scores over 790 on all 3, but that 0% APR will come in handy for 12 months. Big shoutout to @Nicky101 for giving me the heads up on this card. This is what I am talking about when it comes to helping other business owners.
Glad that worked out! That's a terrific approval. Congratulations!
And to confirm....you had a personal EQ SP when you applied and that was it?
@cashorcharge wrote:
@AzCreditGuy wrote:Man I have to say the GM Business Card by Marcus, was one of the easiest cards I have every gotten. Apply online and submit. I was told to upload my business tax id, which I did and less than a week I am approved for $31k SL. SP on my personal credit and thats it. I do feel the APR is high since I have scores over 790 on all 3, but that 0% APR will come in handy for 12 months. Big shoutout to @Nicky101 for giving me the heads up on this card. This is what I am talking about when it comes to helping other business owners.
Glad that worked out! That's a terrific approval. Congratulations!
And to confirm....you had a personal EQ SP when you applied and that was it?
I can not confirm that yet, as I looked at my EQ reoort today and it is not showing a hit on the SP? I looked at my TU and no hit there too or EX. I can confirm I got no alerts from any of the 3 on HP requests...Hmmm very interesting how they pulled info on me or business? Maybe they just pulled business info?
I'll update the group as soon I find out what Marcus did to pull credit. I can confirm I created an account and my GM card is showing $31k for CL available
@AzCreditGuy wrote:I'll update the group as soon I find out what Marcus did to pull credit. I can confirm I created an account and my GM card is showing $31k for CL available
Thanks a lot...will watch for your next update @AzCreditGuy
My equifax just began reporting after two heads and it is low at 361... my Duns is Always about 80 as my Experian hates credit card utilization. I got a Sheffield trailer financing and that reported as a consumer financing account in spite of it being my Busienes that bought it
Net thirty can be established through warehousing, and any suppliers of raw materials like for example a thin metals company for a chemical etching facility.