Author Topic: Business CC for new business (Read 2992 times)

Expate3 · « **on:** May 17, 2015, 11:43:24 PM »

Greetings Everyone,
I am new to the forum, thank you so much for all the info and community.
I am looking to get Business CC possibly from Chase or Amex. Business has not been opened yet but it is current overseas. What I know so far is that for initial Credit, bank will pull my CR. I personally acquired CC as well and still in 6 months period.
My question is, " Does it matter if I am new to CC with fresh and excellent credit? How likely is it that I will get CC for business?
Please recommend any good card that I can get with starter business.

I have AMEX PRG, BSP, ED,
Chase Saphire Preferred,
US Airways
Penfed, all of these have been opened recently.

Thanks for any feedback.

TimT · « **Reply #1 on:** May 17, 2015, 11:52:02 PM »

Chase business cards could be harder to get than amex if your credit is new.

yakrot · « **Reply #2 on:** May 17, 2015, 11:52:05 PM »

Quote from: Expate3 on May 17, 2015, 11:43:24 PM

Greetings Everyone,
I am new to the forum, thank you so much for all the info and community.
I am looking to get Business CC possibly from Chase or Amex. Business has not been opened yet but it is current overseas. What I know so far is that for initial Credit, bank will pull my CR. I personally acquired CC as well and still in 6 months period.
My question is, " Does it matter if I am new to CC with fresh and excellent credit? How likely is it that I will get CC for business?
Please recommend any good card that I can get with starter business.

I have AMEX PRG, BSP, ED,
Chase Saphire Preferred,
US Airways
Penfed, all of these have been opened recently.

Thanks for any feedback.

Welcome to the forums.

Expate3 · « **Reply #3 on:** May 17, 2015, 11:55:58 PM »

Quote from: TimT on May 17, 2015, 11:52:02 PM

Chase business cards could be harder to get than amex if your credit is new.

I was under the impression that Chase will be harder, but I am not looking for a Charge Card either. Should I look else where besides Chase?

Expate3 · « **Reply #4 on:** May 17, 2015, 11:56:51 PM »

Quote from: yakrot on May 17, 2015, 11:52:05 PM

Welcome to the forums.

Thank you, it is pleasure to be a part of community.

yakrot · « **Reply #5 on:** May 18, 2015, 12:01:30 AM »

Quote from: Expate3 on May 17, 2015, 11:55:58 PM

I was under the impression that Chase will be harder, but I am not looking for a Charge Card either. Should I look else where besides Chase?

Any reason you don't want to try Amex? Does this business have a tax ID number, or do you plan on using your social with a sole proprietorship?

TimT · « **Reply #6 on:** May 18, 2015, 12:08:28 AM »

Quote from: Expate3 on May 17, 2015, 11:55:58 PM

I was under the impression that Chase will be harder, but I am not looking for a Charge Card either. Should I look else where besides Chase?

Amex is definitely easier.

Expate3 · « **Reply #7 on:** May 18, 2015, 04:46:07 PM »

Quote from: yakrot on May 18, 2015, 12:01:30 AM

Any reason you don't want to try Amex? Does this business have a tax ID number, or do you plan on using your social with a sole proprietorship?

Amex is charge card, I would rather have CC, since Business CC is not reported to the personal CRA, I can revolve and float some balance.

Marco Polo · « **Reply #8 on:** May 18, 2015, 04:47:12 PM »

Quote from: Expate3 on May 18, 2015, 04:46:07 PM

Amex is charge card, I would rather have CC since it is not reported to the CRA, I can revolve and float some balance.

Someone CMIIW, but don't all business cards not get reported.

TimT · « **Reply #9 on:** May 18, 2015, 04:48:43 PM »

correct

Expate3 · « **Reply #10 on:** May 18, 2015, 04:51:51 PM »

I am looking for easier one so I can use for business.
I would like to use my SS.

Marco Polo · « **Reply #11 on:** May 18, 2015, 04:52:58 PM »

Quote from: Expate3 on May 18, 2015, 04:51:51 PM

I am looking for easier one so I can use for business.
I would like to use my SS.

Chase will be a lot harder, especially since you had cards opened recently. Best bet is with Amex.

Expate3 · « **Reply #12 on:** May 18, 2015, 04:57:03 PM »

I have three AMEX as well but you think I still stand a chance?

Marco Polo · « **Reply #13 on:** May 18, 2015, 04:58:24 PM »

Quote from: Expate3 on May 18, 2015, 04:57:03 PM

I have three AMEX as well but you think I still stand a chance?

Yes (though i take no responsibility

).

TimT · « **Reply #14 on:** May 18, 2015, 05:03:37 PM »

Quote from: Expate3 on May 18, 2015, 04:57:03 PM

I have three AMEX as well but you think I still stand a chance?

you could have 4 amex credit cards at a time, excluding charge cards.

Expate3 · « **Reply #15 on:** May 18, 2015, 08:13:48 PM »

The only bottleneck is that charge card is not a good choice to carry balance.

TimT · « **Reply #16 on:** May 18, 2015, 08:23:33 PM »

You currently have 2 credit & 1 charge card from Amex.

Expate3 · « **Reply #17 on:** May 18, 2015, 09:24:42 PM »

That is correct, and all my CC are new with 3 months age.

Marco Polo · « **Reply #18 on:** May 19, 2015, 08:48:18 AM »

Quote from: Expate3 on May 18, 2015, 09:24:42 PM

That is correct, and all my CC are new with 3 months age.

Maybe wait a little before applying. Season your cards a little.

ADG · « **Reply #19 on:** May 19, 2015, 11:00:25 AM »

Quote from: TimT on May 17, 2015, 11:52:02 PM

Chase business cards could be harder to get than amex if your credit is new.

+1000