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Help ..... How to Start business credit ?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Regular Contributor

Help ..... How to Start business credit ?

I want to apply for a business credit card seperated from my personal credit  ??? Any advice


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6 REPLIES 6
Valued Contributor

Re: Help ..... How to Start business credit ?


@Hitman_101 wrote:

I want to apply for a business credit card seperated from my personal credit  ??? Any advice


Apply just like you would for a personal card. The approval is going to be based on your personal credit, so expect a HP on whatever bureau(s) the lender pulls. How long have you been in business? Type of structure?

Just in case, be prepared to submit business docs if they request any. 

AMEX | BofA | Barclays | Cap One | Chase | Citi | Discover | PenFed | SYNCB (PP 2%, Lowe's, Amazon, PP Credit) | US Bank
Message 2 of 7
Community Leader
Super Contributor

Re: Help ..... How to Start business credit ?


@Hitman_101 wrote:

I want to apply for a business credit card seperated from my personal credit  ??? Any advice


Do you actually have a business? 


Scores held down by umpteen INQ & New accounts
~~~BK7 d/c-08/2013......my rebuild worked for me, but won't necessarily work for you.~~
Message 3 of 7
Regular Contributor

Re: Help ..... How to Start business credit ?

 


@pizza1 wrote:

@Hitman_101 wrote:

I want to apply for a business credit card seperated from my personal credit  ??? Any advice


Do you actually have a business? 


I’m wondering the same. If so apply for one. It will be based on your personal credit as said above. 

ETFCU Auto Loan - NFCU CLOC $15k

In My Wallet:

NFCU Flagship Visa $17k
ETFCU Prim Plus MC $5k
NFCU More Rewards Amex $3k
Amex Marriot Business Bonvoy $3k
DiscoverIT $2.2
Amex Hilton Honors $1k

Dresser Wallet:

Wayfair $9k
JC Penny $6k
Walmart $3k
Zales $2.45
Belk $1.5k

Business Accounts:

Amazon Corporate $4.5k
Fuleman Fleet $1.2k
BP Business Solutions $1.2k
Staples $1k
Office Depot $1k
Quill $0.1k
Uline $0.1k

Sock Drawer:

CapOne QS1 $1.55k
Merrick Bank $1.4k
Amex Delta Blue $1k
USAA Classic Amex $0.5k
CarCare $0.5k
PayPal MC $0.3k
Target $0.3k

RIP:

Best Buy Visa $4k (AA)
Sportsman Guide Visa $2.5 (AA)
Citi AAdvantage $2.5k (AA)
Mattress Firm $1.5k (Closed for no activity)
Finger Hut $1k (Closed for no activity)
Home Depot $0.5k (AA)
Shell Gas $0.5k (AA)
CapOne Platinum $0.7k (Combined into QS1)
Credit One MC $0.45k (Closed)
Credit One Visa $0.8k (Closed)
First Premier Visa $0.7k (Closed)
Indigo $0.3k (Closed)
Avant $0.3k (Closed)
Message 4 of 7
Regular Contributor

Re: Help ..... How to Start business credit ?

No i dont have a business yet  but for funding my business just incase i have to buy supplies or get a business loan in the future i want established business credit not attached to my ssn


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Message 5 of 7
Regular Contributor

Re: Help ..... How to Start business credit ?

example for a llc company do i need ein , business telephone number & address , business checking account , business website or what ?


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Message 6 of 7
Regular Contributor

Re: Help ..... How to Start business credit ?

If I’m not mistaking on Sam’s Club offers a business credit card NOT attached to a social now. They all ask for a social and will pull personal credit. You will use an EIN to have it report to business credit if you have a business, but if you default it goes negative on business and personal credit.

ETFCU Auto Loan - NFCU CLOC $15k

In My Wallet:

NFCU Flagship Visa $17k
ETFCU Prim Plus MC $5k
NFCU More Rewards Amex $3k
Amex Marriot Business Bonvoy $3k
DiscoverIT $2.2
Amex Hilton Honors $1k

Dresser Wallet:

Wayfair $9k
JC Penny $6k
Walmart $3k
Zales $2.45
Belk $1.5k

Business Accounts:

Amazon Corporate $4.5k
Fuleman Fleet $1.2k
BP Business Solutions $1.2k
Staples $1k
Office Depot $1k
Quill $0.1k
Uline $0.1k

Sock Drawer:

CapOne QS1 $1.55k
Merrick Bank $1.4k
Amex Delta Blue $1k
USAA Classic Amex $0.5k
CarCare $0.5k
PayPal MC $0.3k
Target $0.3k

RIP:

Best Buy Visa $4k (AA)
Sportsman Guide Visa $2.5 (AA)
Citi AAdvantage $2.5k (AA)
Mattress Firm $1.5k (Closed for no activity)
Finger Hut $1k (Closed for no activity)
Home Depot $0.5k (AA)
Shell Gas $0.5k (AA)
CapOne Platinum $0.7k (Combined into QS1)
Credit One MC $0.45k (Closed)
Credit One Visa $0.8k (Closed)
First Premier Visa $0.7k (Closed)
Indigo $0.3k (Closed)
Avant $0.3k (Closed)
Message 7 of 7