Advanta Rewards Corp Card

[runNL8]

The Advanta Rewards Biz card seems to be one of the best one's out their so far and am on the fence about applying for it.

Will business CC's get reported on my personal credit. Or is it  just the initial app process of pulling my personal info from CRA's to get and approval/denial. I also assume its a hard pull?

I have an S-Corp.  D&B reports 9TL's and a paydex score of 90. I'm not sure Advanta pulls from D&B though.

[llecs]

I had the same card several years ago. I closed it after a time (didn't really need it). It was good and would recommend it. I did take issue with their rate (25% or so). I don't remember the app process but they did call me after a few days to confirm my identity and to tell me that they approved me for $3k. Did not use a biz phone on app, used PG, claimed sole-prop., but never appeared on my CR. Don't know about inquiry.

It shouldn't appear at all on your CR, except as a defaulted acct, will likely require PG, and may not result in a hard pull. I recently appd WAMU bix and Discover biz and neither resulted in a hard pull, only soft.

[runNL8]

The pre approval I just received from them is 0% on BT's for 15mo, 7.99% fixed, 5% cash back w/no limit and expiration, and no AF.

Soft pulls don't drop your score right?

[llecs]

Soft pulls have no impact at all on your scores.

[Anonymous]

Advanta is not a soft pull it's hard and they are very extremely picky. I got rejected with 5 inquiries on my TU.

[llecs]

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EddieX wrote:
Advanta is not a soft pull it's hard and they are very extremely picky. I got rejected with 5 inquiries on my TU.

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I've been out of the Advanta loop for quite some time, but had a look over at CB. They don't like inquiries, or new credit (on personal CRs), or bankruptcies. They tended towards an avg score of just over 700 and have been pulling one or even two CRAs. In fact, I realized that I appd in August. Had forgotten about it but it was a hard hit on EQ. Of course, was denied.

[Anonymous]

Both of my Advanta apps were TU pulls. With low inquiries but I guess even 1 to them is high. They said wait 2 months and I waited 5 before I reapplied and still rejected.

Not sure I want a card that is that picky anyway.

[runNL8]

Will my FICO score determine whether or not I get approve for this card? I had a BK that is now 5 yr's old but with no lates or neg. since then. Scores range from 680-705.

[Anonymous]

Don't know if this applies to you but they denied me citing lack of a mortgage as one of the reasons.

[Red1Blue]

Advanta told me few months ago they would pull all three and check. Normally it would be one hard and other two are soft.