I haven't read anything specifically about F&G in the business forum.
F&G specializes in getting business credit cards that report to the business credit bureaus with a PG.
Any experiences in our group with F&G?
I know I read one person in the group tried to do it on his own. It read like a struggle. Although he did get a few cards.
I don't particularly want to spend a lot of time negotiating with underwriters which is what F&B says they will do for you.
The membership for a year even at 3.5 or 4k is less than the 10% or so from say Seek or other credit card stackers.
A lot of the process is made easier by having a higher personal credit score like 750 to begin your first round of funding. Also for optimal credit limits especially in the first round your utilization should be between 30-35% or less.
I will have to check out their customer service before taking it too far. So far, I am impressed with the questions I had answered from Matt at F&G. Knowledgeable and customer service oriented.
Thanks Tyler Durken! Hopefully a user will add their 2 cents.
Yes, you only get cards that report to business if that's what you need and want. F&G says they are the only ones that negotiate with the underwriters. Others want to strictly go off of automatic approvals which is a much lower percentage.
F&G's market is primarily real estate investors among others. You can also bring in a partner if you get in their automated webinar system. By spliting the cost with a partner that brings the cost down to 2% or less for membership for a year. Yes, the pay as you go is 9% which is too costly.
Unfortunately, I still haven't spoken to anyone personally that has used F&G...just testimonials.
I know we have a few members that are into expanding their businesses.
Do we have any real estate investors in our group?
Fund and Grow supports real estate investors and a multitude of other businesses.
If you don't want credit cards reporting to your personal/consumer accounts and ruining your FICO you might like F&G.
The legwork/negotiations and approvals is done by your rep applying similtaneously. Do your due dilligence.
Once again, do any of you have any personal experience?
Feedback is appreciated,