@inth3moment wrote:I have a pretty thick file with 760+ and 11% utilization, 5-6 HP's from early January.
I've recently exhausted all of the points multipliers on my Amex Gold and Blue Business Plus so I'm now getting 1% back on all business purchases.
First, I am wondering if I can even apply for new business CC's given how many HP's I have? Or does it not matter when it comes to business credit cards? For example, I know PayPal Business Mastercard does a hard pull on personal credit report if you are approved.
I tried testing the waters with a few CLI requests on my personal cards and was denied due to too many recent inquiries.
I want to get at least 1.5% points/cash back for my business spending (2% would be great!).
I am looking at some Capital One business CC's and also the PayPal Mastercard (that one offers 2% on everything besides PayPal).
Any ideas or suggestions given my situation would be really appreciated. Thank you for anyone who takes the time to read this!
Yes you should apply.
Forget Capital One; they report to your personal credit, and usually do 3 hard pulls for the application.
The PayPal business mastercard is good, paying 2% cashback on everything, and 3% cashback on purchases you make on the card through PayPal.
Also good are: American Express Blue Business Cash (2% cash back on 1st $50k), and FNBO Evergreen Business (2% cash back unlimited).
Possibly worth looking at for you are USB Triple Cash Back Visa (3% cash back on cell phone, dining, gas, and office supplies) and BHG More Card (2% cash back on office supplies and professional services)
@inth3moment wrote:
@SouthJamaica wrote:
@inth3moment wrote:I have a pretty thick file with 760+ and 11% utilization, 5-6 HP's from early January.
I've recently exhausted all of the points multipliers on my Amex Gold and Blue Business Plus so I'm now getting 1% back on all business purchases.
First, I am wondering if I can even apply for new business CC's given how many HP's I have? Or does it not matter when it comes to business credit cards? For example, I know PayPal Business Mastercard does a hard pull on personal credit report if you are approved.
I tried testing the waters with a few CLI requests on my personal cards and was denied due to too many recent inquiries.
I want to get at least 1.5% points/cash back for my business spending (2% would be great!).
I am looking at some Capital One business CC's and also the PayPal Mastercard (that one offers 2% on everything besides PayPal).
Any ideas or suggestions given my situation would be really appreciated. Thank you for anyone who takes the time to read this!
Yes you should apply.
Forget Capital One; they report to your personal credit, and usually do 3 hard pulls for the application.
The PayPal business mastercard is good, paying 2% cashback on everything, and 3% cashback on purchases you make on the card through PayPal.
Also good are: American Express Blue Business Cash (2% cash back on 1st $50k), and FNBO Evergreen Business (2% cash back unlimited).
Possibly worth looking at for you are USB Triple Cash Back Visa (3% cash back on cell phone, dining, gas, and office supplies) and BHG More Card (2% cash back on office supplies and professional services)
Thank you @SouthJamaica!
I just want to confirm, for the Capital One Spark 2% Cash Plus charge card, they would do 3 hard pulls and report to personal credit bureaus?
Capital One usually pulls from all 3 bureaus; not always, but usually.
If the card you're interested in is the charge card, which has to be repaid in full each month, I have seen mixed reports as to whether it reports to personal credit or not. I can't say one way or the other. But knowing Capital One, I wouldn't take the chance unless it didn't matter.
If that's true, I'm not sure how much I would care if I'm still getting unlimited 2% cash back but at the same time Capital One has given me the LOWEST limits out of all of my personal cards by a large margin.
Why would you pay an annual fee for the card when there are other better cards that have no annual fee?
And if the other cards below can do the same 2% without as many HP's then I'd definitely choose them instead.
There is also the Chase Ink Business Premier with unlimited 2% cash back.
If you don't mind the annual fee and a huge spend to get the signup bonus. Again why pay an annual fee when you can get equivalent cards without it?
Then there's the PayPal Mastercard.
Yes there is.
Is the FNBO Evergreen Business (2% cash back unlimited) usually pretty easy to get approved for?
I don't think it's easy but your credentials are probably better than mine were when I got approved for it.
I already hit 50K on the Amex Blue
Didn't you say you had the Blue Business Plus? I'm talking about the Blue Business Cash.
and am trying to stay away from category-dependent points multipliers since most of my business spend is on marketing and advertising services that don't usually qualify for the categories they set.
Thank you again for any advice you can give.
@inth3moment wrote:
@SouthJamaica wrote:
@inth3moment wrote:
@SouthJamaica wrote:
@inth3moment wrote:I have a pretty thick file with 760+ and 11% utilization, 5-6 HP's from early January.
I've recently exhausted all of the points multipliers on my Amex Gold and Blue Business Plus so I'm now getting 1% back on all business purchases.
First, I am wondering if I can even apply for new business CC's given how many HP's I have? Or does it not matter when it comes to business credit cards? For example, I know PayPal Business Mastercard does a hard pull on personal credit report if you are approved.
I tried testing the waters with a few CLI requests on my personal cards and was denied due to too many recent inquiries.
I want to get at least 1.5% points/cash back for my business spending (2% would be great!).
I am looking at some Capital One business CC's and also the PayPal Mastercard (that one offers 2% on everything besides PayPal).
Any ideas or suggestions given my situation would be really appreciated. Thank you for anyone who takes the time to read this!
Yes you should apply.
Forget Capital One; they report to your personal credit, and usually do 3 hard pulls for the application.
The PayPal business mastercard is good, paying 2% cashback on everything, and 3% cashback on purchases you make on the card through PayPal.
Also good are: American Express Blue Business Cash (2% cash back on 1st $50k), and FNBO Evergreen Business (2% cash back unlimited).
Possibly worth looking at for you are USB Triple Cash Back Visa (3% cash back on cell phone, dining, gas, and office supplies) and BHG More Card (2% cash back on office supplies and professional services)
Thank you @SouthJamaica!
I just want to confirm, for the Capital One Spark 2% Cash Plus charge card, they would do 3 hard pulls and report to personal credit bureaus?
Capital One usually pulls from all 3 bureaus; not always, but usually.
If the card you're interested in is the charge card, which has to be repaid in full each month, I have seen mixed reports as to whether it reports to personal credit or not. I can't say one way or the other. But knowing Capital One, I wouldn't take the chance unless it didn't matter.
If that's true, I'm not sure how much I would care if I'm still getting unlimited 2% cash back but at the same time Capital One has given me the LOWEST limits out of all of my personal cards by a large margin.
Why would you pay an annual fee for the card when there are other better cards that have no annual fee?
And if the other cards below can do the same 2% without as many HP's then I'd definitely choose them instead.
There is also the Chase Ink Business Premier with unlimited 2% cash back.
If you don't mind the annual fee and a huge spend to get the signup bonus. Again why pay an annual fee when you can get equivalent cards without it?
Then there's the PayPal Mastercard.
Yes there is.
Is the FNBO Evergreen Business (2% cash back unlimited) usually pretty easy to get approved for?
I don't think it's easy but your credentials are probably better than mine were when I got approved for it.
I already hit 50K on the Amex Blue
Didn't you say you had the Blue Business Plus? I'm talking about the Blue Business Cash.
and am trying to stay away from category-dependent points multipliers since most of my business spend is on marketing and advertising services that don't usually qualify for the categories they set.
Thank you again for any advice you can give.
Thanks again. Yes I agree, no point in getting HP's and paying annual fees if I have similar options without those two things. I was just thinking if one is easier to get approved for, that might be a more important deciding factor.
There's also ease of redemption, which I'm hoping isn't an issue for any of these cards.
I guess it will be PayPal Mastercard or FNBO?
I didn't even realize there were 2 blue Amex cards. I looks like both have a 50k limit on the 2x points which will last me another month or two. That is why I am looking for unlimited 2x or 2%.
One of my main fears is that I don't want to trigger any AA for having too many HP's and new accounts in the last 6-7 months.
Ease of redemption is not an issue on any of these. Amex BBC is automatic statement credit each month. FNBO is choice of redemption options in $25 increments. PayPal is statement credit whenever you want.
I always use statement credits on my business cards; it's easier on the bookkeeping.