Credit Tips: Citi Business Credit Cards Approval

Posted On: March 16, 2007

Author: artcubed
Posted: Fri Mar 16, 2007 2:33 am
Post subject: Citi Business Cards, Others?

So I’m looking to get a business card or two in the near future (I legitimately own my photography business, before I get scolded)

I’m thinking Citi because I already have a personal card with them, and that’s also my highest limit. I know from reading on here that the Professional card reports to your personal report, which isn’t ideal. My concern is that the last time I asked for a CLI on my personal card it said “You have not paid enough of the lifetime charges on this account” or something to that effect. Odd, because I PIF.

Credit score should bounce back to 675-685 once my Citi account posts a 0 balance at the end of the month. I have 1 new account in the last six months, and one inq in the last 6. TONS of inq’s on Experian before that though, quite a few look like duplicates that I can’t seem to get rid of.

Anyone else have business cards? What was your score/credit profile at time of approval? 0% Purch offers are a plus!

Author: Shawnee
Posted: Fri Mar 16, 2007 4:10 am
Post subject:

I’ve just been through this with Citi, and as a matter of fact the reason I was looking for new business lines was for a new medium format camera.

Citi does not even consider your personal lines when looking at a business application. I have several personal accounts with them with total credit lines of $92k. For over a year I’ve put over 90% of my charges on Citi cards. I was turned down with a EQ FICO of 740 because of a nine year old $67 released state tax lien that didn’t phase them at all for the personal cards. These comments were derived from several phone calls with them.

I was approved for a Chase business card but not with enough of a credit line to cover the $13k camera. I’m going to put that on my LOC at our CU.

Author: artcubed
Posted: Fri Mar 16, 2007 5:27 am
Post subject:

Shawnee wrote:
Citi does not even consider your personal lines when looking at a business application. I have several personal accounts with them with total credit lines of $92k. For over a year I’ve put over 90% of my charges on Citi cards. I was turned down with a EQ FICO of 740 because of a nine year old $67 released state tax lien that didn’t phase them at all for the personal cards. These comments were derived from several phone calls with them.

Interesting…the opposite of amex pretty much. My reports are free from negs except for util (25% by end of month) & inqs.

Quote:
I was approved for a Chase business card but not with enough of a credit line to cover the $13k camera. I’m going to put that on my LOC at our CU.

Totally OT, but which camera? 13k medium format I’m guessing you’re looking at a Hassy H2 with a non-kit lens? Unless you’re getting something else with a digi back. I really want a medium format with a digi back for studio stuff, and a 1D Mark III for out-and-about stuff (currently shooting with a 30D w/Batt grip, 17-40L which is alright for now)

Author: Shawnee
Posted: Fri Mar 16, 2007 6:19 am
Post subject:

I think you have it, opposite of AMEX.

The camera I am purchasing is a Hasselblad, the 503CWD.

Author: angelo21
Posted: Fri Mar 16, 2007 8:43 am
Post subject:

A business card application can go two ways. If your business is a D/B/A, your application is processed with your info. Obviously, it will report on your CR.

If you’re incorporated, you can have the business be the applicant. You’ll have to provide some of your personal information too, but it will not report once approved. All (Amex, Chase, Citi, BoA) have business products. You can tie it to a rewards program too. Citi Pro is nice.

This is the way I did it. Mine was an Amex.

Labels: 0% Business Credit Cards, Approval For Business Credit Cards