Capital One 1.5% Spark Cash Select Approval

[pip3man]

Ran the preapproval tool and the result came back with this card, Classic, and the other 1.5X miles card. I chose the Spark Cash for the $500 SUB and $4.5k spend. My business/LLC is 11 months old and this is its first ever approved credit. Instant HP on all 3 bureaus, Experian score listed on disclosure was 678. So excited about this one cos I can finally start building business credit. Before now I couldn't get approved for any business credit. Also I'm 4yrs & 5 months post BK7 discharge and I'm aware the account reports on personal credit. Hope this helps!

[crmartin0279]

Where is the pre approval tool for business cards?

thanks, 

[cashorcharge]

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

[URHomeInvestments]

I use a business card for different purposes, and have this card, too.  I sure like the ones that do not report to personal, but for the ones that do report I put little spend on and pay off immediately.  The Chase Ink, I might put bigger items such as air conditioners or pool heaters, things I don't want to deplete my business cash on, and then pay over time.  The Chase Ink was my first business card and it took awhile for me to feel bold enough to try for the American Express Platinum.  You might find one works best for putting your cell phone on, and another is better for gas, and a third works best for office supplies. 

Nice start!

[pip3man]

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@crmartin0279 wrote:

Where is the pre approval tool for business cards?

thanks, 

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Sorry for the late response, just now seeing this. I'm not sure if you still need but I will share regardless in case someone might need it in the future. Capital One Business card preapproval link: https://www.capitalone.com/apply/small-business/preapprove/

[GZG]

very nice approval, congrats!!

Cap1 will sadly only pre-approve me for the 1% biz card 

[pip3man]

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@URHomeInvestments wrote:

I use a business card for different purposes, and have this card, too.  I sure like the ones that do not report to personal, but for the ones that do report I put little spend on and pay off immediately.  The Chase Ink, I might put bigger items such as air conditioners or pool heaters, things I don't want to deplete my business cash on, and then pay over time.  The Chase Ink was my first business card and it took awhile for me to feel bold enough to try for the American Express Platinum.  You might find one works best for putting your cell phone on, and another is better for gas, and a third works best for office supplies. 

Nice start!

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I would have loved to try for a Chase Business card but they were included in my personal BK7 (on the consumer cards) for over $20k plus the BK is less than 5 yrs old and still on my credit report. I still got till 2030 before I'd be potentially eligible again to apply for a Chase card. I will be trying for the AMEX Platinum business when my BK7 is at least 61 months. Also since this post, I was able to get approved for the Wells Fargo Signify Business card for $5k about a week after the C1 Spark Cash approval.

[pip3man]

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@GZG wrote:

very nice approval, congrats!!

Cap1 will sadly only pre-approve me for the 1% biz card 

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I didn't know there's a 1% card or do you mean the 1.5% card? Same for me too when I tried. Couldn't get preapproved for the 2% card which was what I really had my mind on but I took what I was offered. I mean I had no choice, I had zero business credit so I was happy to even be approved for anything. Also I was able to hit the $500 sign on bonus rather quickly by opening a US Bank Business Checking account and using the credit card to fund the new account with $3k (the max you could use with a credit card per new account). Transaction posted as a purchase so I earned both cashback & bonus. Immediately paid off the credit card using the same funds in the newly opened US bank account.  

[Jessie]

Congrats! That's a good card - 4.2/5 rating on wallethub, and their pick for no annual fee and cash back. Do you see yourself leveling up to the Plus card eventually? 

[CreditCuriosity]

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