Phillips66/Conoco/76 NO PG APPROVED

[GApeachy]

@sugarcreek67 okay, thank you!

[Anonymous]

@sugarcreek67 @GApeachy 

Tidbit Time.... SYNCB will AUTOMATICALLY PG you INVOLUNTARILY with a SP even though you didn't "Opt-In" on the Application. This goes for ANY of their accounts on the Business side. Keep those personals in "Security Mode" if your specific intention is to NOT PG the account. If you want to verify if you are unsure as to existing account status, Pull your LexisNexis BUSINESS Report. It will show you from the data pulled from SBFE if the account is "Guaranteed". This goes for their accounts that provide CARDS for swiping. You should pull your Free copy EVERY YEAR anyway as any incorrect information could possibly torpedo future Business Account or LOAN applications.

[GApeachy]

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@Anonymous wrote:

@sugarcreek67 @GApeachy 

Tidbit Time.... SYNCB will AUTOMATICALLY PG you INVOLUNTARILY with a SP even though you didn't "Opt-In" on the Application. This goes for ANY of their accounts on the Business side. Keep those personals in "Security Mode" if your specific intention is to NOT PG the account. If you want to verify if you are unsure as to existing account status, Pull your LexisNexis BUSINESS Report. It will show you from the data pulled from SBFE if the account is "Guaranteed". This goes for their accounts that provide CARDS for swiping. You should pull your Free copy EVERY YEAR anyway as any incorrect information could possibly torpedo future Business Account or LOAN applications.

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Thanks, I'll check it out....what's the saying? If it's too good to true?....🥸aint

[GApeachy]

@Anonymous pumping the brakes here......

Everything you said is absolutely true.  Added for DP's.  Sure, no HP's on my personal cra's as they were locked/frozen but I got a little letter today from Synchrony. 

Yep, yep, little...And I quote, "An application has been approved for a credit card account with PHILLIPS 66 COMMERCIAL CARD. This letter is to notify you that your information was provided on the application as the personal guarantor of the account."

2 pts. to you @Anonymous 

@sugarcreek67 did you get this letter?

[sugarcreek67]

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@GApeachy wrote:

@Anonymous pumping the brakes here......

Everything you said is absolutely true.  Added for DP's.  Sure, no HP's on my personal cra's as they were locked/frozen but I got a little letter today from Synchrony. 

Yep, yep, little...And I quote, "An application has been approved for a credit card account with PHILLIPS 66 COMMERCIAL CARD. This letter is to notify you that your information was provided on the application as the personal guarantor of the account."

2 pts. to you @Anonymous 

@sugarcreek67 did you get this letter?

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I have not so far but that doesnt mean much will check when i am home again.

[Anonymous]

Yep they are very very sneaky with the PG accounts.

[sugarcreek67]

I have not received that letter,but, it does not make them sneaky any less true. if they PG'd my account so be it. 

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@Anonymous wrote:

Yep they are very very sneaky with the PG accounts.

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[GApeachy]

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@sugarcreek67 wrote:

I have not received that letter,but, it does not make them sneaky any less true. if they PG'd my account so be it. 

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@Anonymous wrote:

Yep they are very very sneaky with the PG accounts.

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True!  I wanted this acct. being it was for a station that is conveniently located...so PG or not, I would have app'd because almost all of our biz tl's are PG. *drop in the bucket.

[Anonymous]

Honestly, PG only affects you if 1) they HP you personally for the account 2) You are counting Enterprise value for the sale of the business 3) you default on the account and/or 4) the business BKs. Otherwise, its a want and best practices situation not necessarily a need.