Author Topic: Business Credit Card (Read 8950 times)

ChumbaWumba · « **Reply #20 on:** September 16, 2011, 07:05:24 PM »

You may want to take down your fake business name. Doesn't seem like a smart move to put that AND the credit card company in which you are applying for up on a public forum. My $.02

DovidR · « **Reply #21 on:** September 17, 2011, 08:05:13 PM »

Fake? Why do you say that?

dans fan · « **Reply #22 on:** September 17, 2011, 10:35:11 PM »

Quote from: txtmax4 on July 16, 2010, 07:59:00 PM

A few points here:

1) The ONLY thing that affects your credit with a BIZ card is the initial credit inquiry.

2) Besides for the debt/credit ratio, another thing that can affect your credit when you close down (personal) cards is lowering your average credit age. Closing down Citi AA cards will not affect your debt/credit ratio as they don't report your credit limit, it shows up at $0

3) One way to avoid closing (some of the) cards is requesting that they convert the account into a "no annual fee" type, which might give you (for instance) half a point per dollar spent or something like that (hey, but at least you get to keep the account open!)

i know ppl that didnt pay on time and it sohwed up on cr (biz card)

moko · « **Reply #23 on:** September 17, 2011, 10:40:55 PM »

correct. but it avoids the high balance issue, on the other hand it isn't going to help your credit either (showing low utilization etc.)

Saver2000 · « **Reply #24 on:** September 17, 2011, 11:56:05 PM »

When applying for a business card, if I put down my ss instead of ein, will the balance be reported on my personal credit report?

bubbles · « **Reply #25 on:** October 03, 2011, 10:47:04 PM »

Quote from: Saver2000 on September 17, 2011, 11:56:05 PM

When applying for a business card, if I put down my ss instead of ein, will the balance be reported on my personal credit report?

anyone?

myb821 · « **Reply #26 on:** October 03, 2011, 10:50:36 PM »

only if u pay on time

bubbles · « **Reply #27 on:** October 03, 2011, 10:53:14 PM »

Quote from: myb821 on October 03, 2011, 10:50:36 PM

only if u pay on time

just to clarify you mean that if I pay on time it won't show up on my personal report. correct?

AsherO · « **Reply #28 on:** October 03, 2011, 10:59:03 PM »

Quote from: bubbles on October 03, 2011, 10:53:14 PM

just to clarify you mean that if I pay on time it won't show up on my personal report. correct?

Yes, for the standard business cards only late payments/delinquencies/defaults will be reported on your credit file. It won't show as a revolving/fixed line of credit if you pay on time.

bubbles · « **Reply #29 on:** October 03, 2011, 11:00:42 PM »

thnx just wanted to make sure that applies even if I don't have an ein or tax id

AsherO · « **Reply #30 on:** October 03, 2011, 11:02:00 PM »

Quote from: bubbles on October 03, 2011, 11:00:42 PM

thnx just wanted to make sure that applies even if I don't have an ein or tax id

Yes, either way IME.

YudiG · « **Reply #31 on:** November 08, 2011, 01:10:55 PM »

if i've maxed on the amount of personal cards i can do for the year...should i do some business cards or will Chase take note and make issue?

AsherO · « **Reply #32 on:** November 08, 2011, 01:12:40 PM »

Quote from: YudiG on November 08, 2011, 01:10:55 PM

if i've maxed on the amount of personal cards i can do for the year...should i do some business cards or will Chase take note and make issue?

Maxxed with Chase is maxxed with Chase IME, I don't think consumer or business matters.

YudiG · « **Reply #33 on:** November 08, 2011, 01:30:43 PM »

got it

gevaldig · « **Reply #34 on:** November 08, 2011, 10:58:27 PM »

this question was maybe asked already, but i couldn't find it, I work for my father in his L.l.c , can i apply for a business cc with the tax ID #

AJK · « **Reply #35 on:** November 08, 2011, 11:22:36 PM »

Quote from: gevaldig on November 08, 2011, 10:58:27 PM

this question was maybe asked already, but i couldn't find it, I work for my father in his L.l.c , can i apply for a business cc with the tax ID #

Posting in one place is good enough.

Quote

-No cross-posting. Do not make the same post on 2 different boards or threads.

AsherO · « **Reply #36 on:** November 08, 2011, 11:33:59 PM »

Quote from: AJK on November 08, 2011, 11:22:36 PM

Posting in one place is good enough.
Quote
-No cross-posting. Do not make the same post on 2 different boards or threads.

I think you mean:

Quote from: Dan on May 30, 2008, 12:06:33 PM

-No cross-posting. Do not make the same post on 2 different boards or threads.

AJK · « **Reply #37 on:** November 08, 2011, 11:38:26 PM »

Of course I did... but I knew you were gonna point that out and save me the trouble.

gevaldig · « **Reply #38 on:** November 08, 2011, 11:41:21 PM »

after the first post i saw that there is a thread discussing it so i asked it here , that's all

AsherO · « **Reply #39 on:** November 08, 2011, 11:48:41 PM »

Quote from: AJK on November 08, 2011, 11:38:26 PM

Of course I did... but I knew you were gonna point that out and save me the trouble.

Yup, quoting that particular post isn't easy...

I guess you must be doing G-d's will too