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Does anyone on here have any experience or thoughts on the Capital One Corporate Credit Card, not the Spark Card?
Let me explain a little about my companies. I currently own a holding company which owns 55% of an advertising & marketing firm as well as 50% of a collections company (business collections not personal). Not only do I have Spark Card but so does the other shareholdder of the a&m firm. We are looking to switch to the corporate card so that we can remove not only the liability of the card from each of us but to have the line of credit removed from our personal reports. The company will do roughly $4m to $6m in sales this year and did a little less last year. We are choosing the Cap One Corporate Card since we have the majority of the company's bank accounts with Cap One.
Any input would be appreciated.
I have none with the Corporate Card but most corporate cards are not revolvers. You should go with an Amex if you want a revolver that doesn't report to your personal credit.
@Creditplz wrote:
And Lindsay is right, their Corperate cards are not revolvers. In fact they only have two and these are the Capital One Corporate Plus Card and Corporate Ultra Card. The Plus card is a PIF every 14 days while the Ultra is every 30. And they both have a $400 AF which is waived at $200,000 annual spend.
I do realize that they are not revolvers. As it sits right now, between both of the Spark Cards we have, we charge anywhere from $15k to $50k a month. We have everything going through our cards, internet, phones, production, shipping, ec... We have not yet carried a balance on the cards either.
The biggest thing is to get out of the personal guarantee and let the business do it on its own.