Tips on How to Get Approved for a Business Credit Card
Author: Hauger007
Posted: Fri Mar 02, 2007 7:02 am
Post subject: Business Card Approval
I would like to know how did you get approved for the credit card...i just started my own business and applied last year and didn't get approved maybe it was because my scores were low...now i have a credit score of 712 and i currently have 15 Inquires for the past 14 Months for Experian, 3 for Equifax and 2 for Transunion altogether thus far. And i would like to know if i should wait another couple months before applying for another business card. In the world of business credit application how do i fair with my current status????? And my chances of approval i just don't want to bum out and just end up with another inquiry with out approval. Thanks
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Author: Chazmanian
Posted: Fri Mar 02, 2007 8:12 am
Post subject:
I have 6 new Business cards in the past 6 months total CL apprx 100K, during this period my EX score was in the 690ish range with a credit background that included probably 10-13 personal CC's at the time and lots of paid off bank loans.
My business gross and winter job salary were all used in calculating my income. None of my Business cards ever required any tax returns opr income related proofs.
The one thing that I have done with my grab for Business cards is that I only apply after recieving an invite. No cold Business card apps for me!!~! I did that with a few personal cards but not on any business products.
Citi, US Bank, BOA and Advanta all seem to be fairly aggressive in the business card market and had plastered my mailbox with some fairly decent offers. 15K-20K limits seem to be about as good as I can do with the exception of my BOA line of business credit express deal that is 25K.
My hopes are to start getting some nice CLI's this year and keep the utilization and CC spending to an absolute minimum. Watch for pre-screened offers as a cold app will certainly be a tad bit harder to get.
Author: angelo21
Posted: Sun Mar 04, 2007 2:23 pm
Post subject:
You’ve heard from Chaz, a master at this.
If your business is incorporated, you can also have your “business” apply. That’s the way I did it 15-20 years ago.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Mar 02, 2007 7:02 am
Post subject: Business Card Approval
I would like to know how did you get approved for the credit card...i just started my own business and applied last year and didn't get approved maybe it was because my scores were low...now i have a credit score of 712 and i currently have 15 Inquires for the past 14 Months for Experian, 3 for Equifax and 2 for Transunion altogether thus far. And i would like to know if i should wait another couple months before applying for another business card. In the world of business credit application how do i fair with my current status????? And my chances of approval i just don't want to bum out and just end up with another inquiry with out approval. Thanks
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Chazmanian
Posted: Fri Mar 02, 2007 8:12 am
Post subject:
I have 6 new Business cards in the past 6 months total CL apprx 100K, during this period my EX score was in the 690ish range with a credit background that included probably 10-13 personal CC's at the time and lots of paid off bank loans.
My business gross and winter job salary were all used in calculating my income. None of my Business cards ever required any tax returns opr income related proofs.
The one thing that I have done with my grab for Business cards is that I only apply after recieving an invite. No cold Business card apps for me!!~! I did that with a few personal cards but not on any business products.
Citi, US Bank, BOA and Advanta all seem to be fairly aggressive in the business card market and had plastered my mailbox with some fairly decent offers. 15K-20K limits seem to be about as good as I can do with the exception of my BOA line of business credit express deal that is 25K.
My hopes are to start getting some nice CLI's this year and keep the utilization and CC spending to an absolute minimum. Watch for pre-screened offers as a cold app will certainly be a tad bit harder to get.
Author: angelo21
Posted: Sun Mar 04, 2007 2:23 pm
Post subject:
You’ve heard from Chaz, a master at this.
If your business is incorporated, you can also have your “business” apply. That’s the way I did it 15-20 years ago.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Labels: Business Credit Card Approval
posted by CardRatings.com at 11:31 PM
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