I mean business...

[TheBoondocks]

Hey guys, so I don't have a business and reason being is in California they tax you like crazy, $800/y, if I wanted to have a business I would have to be a Independent Contract, way cheaper but anyway I feel like its getting harder to get cards in general.

I want to build up my MR points, wanted to know if I get the Amex Blue Business credit card, could I transfer the points over to the personal MR card?

Also, I'm thinking about getting the Cash Ink too before it gets replaced with the Unlimited.

I might even get the Amex simply cash too.

What do you guys recommend? Thanks!

[Anonymous]

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@TheBoondocks wrote:
Hey guys, so I don't have a business and reason being is in California they tax you like crazy, $800/y, if I wanted to have a business I would have to be a Independent Contract, way cheaper but anyway I feel like its getting harder to get cards in general.

I want to build up my MR points, wanted to know if I get the Amex Blue Business credit card, could I transfer the points over to the personal MR card?

Also, I'm thinking about getting the Cash Ink too before it gets replaced with the Unlimited.

I might even get the Amex simply cash too.

What do you guys recommend? Thanks!

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Yes, the MR points are pooled together from business and personal cards.  If you don’t have a business though of any kind how are you going to apply for a business card?

[TheBoondocks]

I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

[Anonymous]

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@TheBoondocks wrote:
I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

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You would have an inquiry on your credit regardless of whether you apply with SSN or as a LLC for example.  All these small business credit cards (with very few exceptions)require that you personally guarantee the credit and do a HP.

Not sure though that you answered my question.  Regardless of under what format that you apply, do you actually have a small business in some form?

[TheBoondocks]

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@Anonymous wrote:

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@TheBoondocks wrote:
I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

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You would have an inquiry on your credit regardless of whether you apply with SSN or as a LLC for example.  All these small business credit cards (with very few exceptions)require that you personally guarantee the credit and do a HP.

Not sure though that you answered my question.  Regardless of under what format that you apply, do you actually have a small business in some form?

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No, I do not as of now, however I used to sell stuff on ebay but no longer do it and I have 2 jobs as of now.

[Anonymous]

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@TheBoondocks wrote:

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@Anonymous wrote:

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@TheBoondocks wrote:
I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

---

You would have an inquiry on your credit regardless of whether you apply with SSN or as a LLC for example.  All these small business credit cards (with very few exceptions)require that you personally guarantee the credit and do a HP.

Not sure though that you answered my question.  Regardless of under what format that you apply, do you actually have a small business in some form?

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No, I do not as of now, however I used to sell stuff on ebay but no longer do it and I have 2 jobs as of now.

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Well then you really shouldn’t apply for any business card until you start selling again on eBay or start some other side business.

[Anonymous]

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@TheBoondocks wrote:
I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

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I applied and was issued a CitiBusiness AAdvantage Platinum card last fall using SS/Sole Proprietor method and to date it does not show on my personal credit report, only the added inquiry does.

[Anonymous]

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@Anonymous wrote:

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@TheBoondocks wrote:
I could apply thru my SSN, just as I would with a personal credit card but I just can't default on it. It will have an inquiry on my personal credit report tho.

---

You would have an inquiry on your credit regardless of whether you apply with SSN or as a LLC for example.  All these small business credit cards (with very few exceptions)require that you personally guarantee the credit and do a HP.

Not sure though that you answered my question.  Regardless of under what format that you apply, do you actually have a small business in some form?

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You don't need a business to get a business card.  As long as you have the intention to start one you are good to go.