@CreditMonkey82 wrote:I'm seeking recommendations for business credit cards suitable for a startup incorporated in January 2024. I'm open to cards requiring a personal guarantee (PG), ideally with a soft credit pull, and no minimum business tenure requirement.
Currently, I hold AMEX Business Gold, AMEX Business Platinum, and Chase Ink Preferred cards. Unfortunately, I was denied the Marcus GM Business card due to their six-month business age requirement.
Thank you for any suggestions!
I don't think you should be applying for anything more at this time. When you do apply, good business cards are Amex Business Cash, FNBO Business Evergreen, and USB Triple Cash.
@CreditMonkey82 wrote:Thank you for the recommendations!
Are FNBO Business Evergreen and USB Triple Cash SP cards that require no min time in business?
I don't know if they require a minimum time in business. Sorry.
Not sure what you mean by "SP". They certainly do a HP.
@CreditMonkey82 At this point, you're pretty solid with regards to business cards. Especially for a new startup. The Chase ink cards report to all of the major business credit bureaus so they'll help establish and build your business' credit profile. Amex Business reports to SBFE.
My only recomendation would be the AMEX Blue Business Plus/Cash. You won't recieve a HP since you're already in the door.
@Djenius wrote:My only recomendation would be the AMEX Blue Business Plus/Cash. You won't recieve a HP since you're already in the door.
I also plan to get these two credit cards for my new startup and they should be sufficient in the early stages with limited fund (the first 6 months). They come with APR 0% in the first year.
Several DPs show limited SL for the Chase ink cards (3-5k). While the majority of such DPs are for Sole Prop, it might be the case also for early stage startup with limited fund. With such limited SL, it is needed to pay the card soon to provide rooms to complete the 6k spend in the first 3 months to get the SUB. So, I plan to postpone Chase Ink cards to the second half of the year.
Fico8: EX~EQ~TU~840 (12 month goal~850).
I was approved for the AMEX Business Gold and the AMEX Business Blue Plus this week for an LLC I own. I also have a personal Platinum Card. AMEX reports Business cards to D&B I was told by AMEX.
