Sams store card DO NOT PG

[Anonymous]

Went to sams today and wanted to apply for the MasterCard, applied with PG and they double pulled ex and eq and still ended up with the store card

so use this as a cautionary tale it is not a guarantee you will get the MasterCard with a pg and it can be a double pull

[AllZero]

Congratulations in your approval! Thank you for sharing the data points.

[104848]

ouch..

someone here mentioned to me when i got the store card to just wait a few months or so with some payment history and apply for the mastercard since you can have both

[KatSoDak]

What is PG?

[Anonymous]

Associate at Sams and credit solutions both said the business side almost always gets store card first unless you have a ton of trades they usually make you have the store for 3-6 months before letting you get the mc 

pg= personal guaranty meaning you authorize them to pull additional reference from personal file and you are personally responsible for the card if you have an llc

they pulled ex and eq im utterly shocked I didn't get the mc I have plenty of personal accounts and scores in the 800s 

It probably screwed me out of trying for the propel before it goes away in April (rumored) as I figured it would be a single pull on TU which wouldn't affect wells but nope they pulled ex and eq ugh 

[pizza1]

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@KatSoDak wrote:

What is PG?

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@KatSoDak Personal Gaurantee 

[Credit4Growth]

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@Anonymous wrote:

Went to sams today and wanted to apply for the MasterCard, applied with PG and they double pulled ex and eq and still ended up with the store card

so use this as a cautionary tale it is not a guarantee you will get the MasterCard with a pg and it can be a double pull

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Those pulls were  an unexpected surprise to say the least! 👎

Thanks for sharing and congrats on leaving with an approval! 

[Credit4Growth]

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@Anonymous wrote:

Associate at Sams and credit solutions both said the business side almost always gets store card first unless you have a ton of trades they usually make you have the store for 3-6 months before letting you get the mc 

pg= personal guaranty meaning you authorize them to pull additional reference from personal file and you are personally responsible for the card if you have an llc

they pulled ex and eq im utterly shocked I didn't get the mc I have plenty of personal accounts and scores in the 800s 

It probably screwed me out of trying for the propel before it goes away in April (rumored) as I figured it would be a single pull on TU which wouldn't affect wells but nope they pulled ex and eq ugh 

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Good info 👍 

Thanks

[Anonymous]

Like I said I just didn't want to see someone else crash and burn like I did thinking adding pg would help them get the mc, but on the flip adding the pg probably netted me an approval to set me up for the mc later on because I have few trades on my business so it's a win some lose some situation

[Anonymous]

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@Anonymous wrote:

Went to sams today and wanted to apply for the MasterCard, applied with PG and they double pulled ex and eq and still ended up with the store card

so use this as a cautionary tale it is not a guarantee you will get the MasterCard with a pg and it can be a double pull

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Interesting strategy and I see where your logic was, but IMO you should never PG if you don't have to.  A few years ago with another LLC I app'd at Sams and received the MC on 1st try, but that company alot of trades and well established.  This last go, I started with store card, then a few CLI's with the store card, and after 4-6 months app'd again and received MC.  Never used the MC and 3 months later received a 5k CLI on the MC without any use.