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Need Help Planning a Spree

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Creditaddict
Legendary Contributor

Need Help Planning a Spree

My partner and I need some business credit and I would like to see as much of it in the form of credit lines as possible and if they are personal that is okay is option 2.  Some credit cards also but preference on lines... We will also have ZERO debt when we go on this spree!

 

We recently started banking with USBank for business and also have Chase for Business Checking.

We are also members of Penfed

We already have all the accounts and credit lines from Navy we can get without doing a personal loan which i don't want.

 

I'm thinking... let me know other places I'm missing and if the order is wrong:

 

1. Amex CLI the business account (my partner)

2. USBank Personal and Business Credit card and Personal and Business LOC (would be fantastic if that was all done on 1 pull) My partner and I both will apply for these most likely

3. Penfed - increase the line of credit my partner has ($500) and apply for a credit card?

3. Chase Ink and Business line of credit but not hopeful on that my partner and I will both apply for 1 each

5. Capital One Venture (I can't make it past all these HUGE CL's I keep reading) my partner most likely

6. Bank of America Business Partner has 2 personal cards) can you move Credit Lines between personal and business at time of approval?

7. maybe request partners barclay USAir card back up in CL since over the 2 or so years we have had it he has been CLD twice and this will be the first time it's paid off but it really is at the very bottom of an important list!

 

Message 1 of 2
1 REPLY 1
FinStar
Moderator Emeritus

Re: Need Help Planning a Spree


@Creditaddict wrote:

My partner and I need some business credit and I would like to see as much of it in the form of credit lines as possible and if they are personal that is okay is option 2.  Some credit cards also but preference on lines... We will also have ZERO debt when we go on this spree!

 

We recently started banking with USBank for business and also have Chase for Business Checking.

We are also members of Penfed

We already have all the accounts and credit lines from Navy we can get without doing a personal loan which i don't want.

 

I'm thinking... let me know other places I'm missing and if the order is wrong:

 

1. Amex CLI the business account (my partner)

2. USBank Personal and Business Credit card and Personal and Business LOC (would be fantastic if that was all done on 1 pull) My partner and I both will apply for these most likely

3. Penfed - increase the line of credit my partner has ($500) and apply for a credit card?

3. Chase Ink and Business line of credit but not hopeful on that my partner and I will both apply for 1 each

5. Capital One Venture (I can't make it past all these HUGE CL's I keep reading) my partner most likely

6. Bank of America Business Partner has 2 personal cards) can you move Credit Lines between personal and business at time of approval?

7. maybe request partners barclay USAir card back up in CL since over the 2 or so years we have had it he has been CLD twice and this will be the first time it's paid off but it really is at the very bottom of an important list!

 


Well darn.  I suppose this leaves your partner to determine if he can get approved for Ink?

Message 2 of 2
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