First Equity (Business card)

Anonymous · ‎06-06-2008

Hello all,

I'm very new to business credit, so please be understanding.

Just completing cleaning my personal credit. Scores are high 600s. (need to get new reports, but as of March 680+- each).

The business is a consulting company. I have not LLC yet. That may happen in the next three months. Right now, it is side work, but moving towards my sole focus. I could really use to build my co credit (and RIGHT from the start). As it sits, I charge items that will be billed back to clients on personal cards. Thats getting to be trouble, and unworkable.

I just received a "offer" from First Equity. They say they offer high limits blah blah. I know nothing about them, and whogavemecredit has almost nothing on them. Anyone have any history with this CO?

Any general suggestions for business credit cards?

TBR

Logical · ‎06-06-2008

You might check out this thread for info in First Equity:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=33520&query.id=26340#...

Anonymous · ‎06-06-2008

Thanks... That helped.

TBR

Red1Blue · ‎06-06-2008

I have this card. I am happy with it. Last November when every one else turned me down, they gave a card with $3k CL. After 3 months they did CLI to $7K with out even asking. I am hoping in the next 2 months another CLI possibly to $15K or so. I always do PIF as soon as the statement cuts and I never had any problem with them so far. I can not complain about this card.

Anonymous · ‎06-07-2008

I received an invite to apply- for this card-

The terms looked good- I am not looking for add'l credit though.

Red1Blue · ‎06-07-2008

If yo apply for it there will be a hard inq on your credit report.

Timothy wrote:
I received an invite to apply- for this card-

The terms looked good- I am not looking for add'l credit though.

Anonymous · ‎06-07-2008

I've had this card for just shy of a year. I have yet to use it, so I don't really have much experience with it. I wasn't happy that the rate wasn't what they told me it would be when I applied, and the thousand dollar credit limit on it is pretty useless for a business card.

Maybe someday I'll need a half a tank of gas and actually use it.

Van

Anonymous · ‎08-22-2008

Vanyel wrote:
I've had this card for just shy of a year. I have yet to use it, so I don't really have much experience with it. I wasn't happy that the rate wasn't what they told me it would be when I applied, and the thousand dollar credit limit on it is pretty useless for a business card.

Maybe someday I'll need a half a tank of gas and actually use it.

Van

What rate were you told and what did you get?