Best 7 Business Credit Cards Has No Impact on the Business Owner's Personal Credit Reviews

hey what's up guys houston here and for those of you just finding my youtube channel welcome please remember to hit that subscribe button and that bell now today's video i'm going to show you exactly the cards that i actually use to help me build up my business credit over a half a million dollars okay and i'm so talk about some of the strategies but the real reason i'm talking about these business credit cards because these are the business credit cards that are actually not affecting your personal credit so that means that if you max the card out then your credit score doesn't your personal credit score doesn't get affected however these cards they will pull your personal credit to see how you manage credit and everything so keep that in mind and if you um just say that you have these uh credit cards and you don't make your payments and stuff then it will affect your personal credit but we're not here to do that the reason we don't want to miss payments on our business credit card is because we want to be able to continue getting more and more money so it's going to go far beyond just getting um it's gonna go for beyond just getting uh the credit cards because there's other strategies that's added into this but now that i said that let's talk about the first credit card all right and the first one is city okay and the city business but here's the thing about it i wouldn't go for the city business right i always tell people if you can go for a co-partnered credit card the reason is because you have a higher chance when you're using a co partner credit card so that's the reason that i tell you when you're going for like a city business credit card at least i would go for the city costco if you have a costco uh near you i would sign up for a costco membership and then i would apply for the city costco card now average credit score for many of these cards is anywhere from 690 up to a 740 okay so the thing about it you don't have to have this massive 750 800 credit score to get these hair cards but at the same time just so that you know i would at least make sure that i'm at least a 690 or higher okay so just keep that in mind now in terms of which credit bureaus that uh city may pull from it depends on what part of the coast you're in okay and most of the time they're going more likely they'll pull from your experience okay but depends on on on the west coast most of the time it's experience on the east coast they may pull your equifax okay but at nonetheless at the same time at least you would have a better general idea of what credit score that you would need for these cars and like i said i would go for the city costco if i have a costco membership i would go for the city costco okay don't for the city uh the costco account if you have challenging credit then i will open up a costco account use the costco account and keep on building my credit up and i'm going to tell you of another card that don't report to the personal credit or the business credit once you approved uh but so stick with me on that but i would do open up a costco account then i would go for the city costco especially if you're trying to build business credit for funding and say that you're trying to become an investor you're trying to play in the stock market or you're trying to uh play into the real estate markets and stuff like that this is very important okay so i would do a built to build a relationship if i don't have a relationship with uh citibank then i would do the city costco okay now another thing you can do and i always encourage people is i would also i would probably open up if i'm close to a citibank i'll probably open up a personal uh account and a business account right so that way you already in their database and you're already building a relationship with them so this is very important this is what i keep on stressing build the relationship build a relationship because i tell you the better the relationship the more money these banks are going to be willing to give you okay so now let's talk about number two number two we have amex okay now here's the thing i made a video and i was explaining to you how to build a relationship with american express now this is very important and the reason it's important because with american express okay once you're in the database once you get approved for like your first uh account with them they're already pulling data and stuff so what happens is when you apply for other credit cards and stuff 90 of the time they won't do another hard pull on your credit so just that one time now in terms of dealing with american express i would tell you this if you don't have a relationship with them it's two things that i would do i would probably um maybe get like a serve card and as well as um maybe a savings account or add on a amex au okay so that's something that i would do if i don't have a relationship with them again just so they know hey i'm trying to build a relationship with and let that data start feeding into their system all right so now let's talk about chase okay now here here's the funny thing about chase like with with chase like they have this 524 rule right 524 okay and so what that means is that you can only have five of their cards within uh 24 months so that means that if you already got five chase cards and you decide hey i'm gonna go after another business card with that sponsored by chase then here's the problem because you're over that 524 they'll deny you now i did make a video building a relationship with amazon with amazon if you have a like said that you have low credit score and you're trying to build up your credit and stuff then the back door is building a relationship with amazon so having an uh amazon and then once i have a relationship with amazon then i would go for the amazon chase card i would go for the amazon chase all right so that's that's a way to do it and amazon also offers amazon amex card as well but again going back to uh co-partnering okay this is how you're actually leveraging so that's the reason that i would tell you to either do the co-partnering or building a relationship now with a taste like i said most of these cards you're going to do about a 6 97 740 sometimes chase will let you have a credit card with less than a 690 credit score not all the time but sometimes okay so you have to keep that in mind and most of the time chase is going to pull from your experience okay so more likely they will be pulling from your experience and like i said i'm i'm one of those firm believers in relationships so if i have challenging credits then i would have to look at a back door way to be able to build a relationship with them and again going back to opening up a personal uh checking account as well as a business checking account uh having a relationship with amazon then applying for a chase card that way okay sometimes uh on the business side uh depending on the credit score and how long you've been with chase they will actually give you even if you may not have that 690 stellar credit score they still may approve you for a business credit card so just keep that in mind now here's one this is i i this is one that i i just definitely i used to just stay away from okay and the reason is because with capital one they pull from all three credit bureaus and they reported on both the personal and the business but what just recently happened when you if you a new member to capital one and you get a business credit card this is the one you want you want to get the capital one spark cash okay yes they're going to pull all three credit barrels but here's the thing about it even though they're pulling all three credit bureaus the thing about it is with the capital one spark cash business card they will no longer be reporting to your personal credit unless you actually just stop paying the bill okay so this is very good now i can see an opportunity building a relationship with a capital one spark cash now just so that you all understand like if you already have a relationship with a capital one and you have the spark cash business credit card it's going to continue to report but for new accounts and everything uh with the capital one spark cash uh they'll no longer be reporting on a personal credit okay so just keep that in mind this is very important because again like i said these are credit cards that you can max out that won't affect your personal credit so that's the reason that you need to know this now here's u.s bank u.s bank i like them and the reason that i like us bank is because they they act like a credit union okay and what i mean by that is they have a lot of flexibility okay and more likely with u.s bank they're going to pull your experian as well okay so they'll pull your experian on the base for to look at your personal credit on the business credit card but one of the things for sure if you making your payments utilizing the cards making your payment they're going to do an increase or automatic increase every six months okay so that's the another reason that i like them because they actually will do this automatic increase without you asking them to but you have to actually be utilizing the cards and i'll tell you something else the reason that i'm telling you about these here card so not only are you going after the business credit cards you're able to go after the business lines of credit okay that's what you want to get to and the reason that you want their business lines of credit because the business lines the credit the interest rates is much lower and so you don't want the business loans you want the business lines of credit and again because with the business lines of credit when you get approved for those what happens here when you get proof of this business line of credit okay and you pay it down you can keep on using it using it so you don't have to reapply for it plus you have the business line of credit and with the business credit cards and another thing i like about these uh business credit cards with these banks and stuff you can go with multiple ein numbers so if you have multiple companies set up you can go to the same bank and be able to get funding okay so that's the reason that makes your business credit funding much faster it's not that i don't like uh like net 30s and stuff like that but i think that if you actually build a relationship with the banks you'll get faster to your financial goal for raising money again for your investment for if you like i said if you're trying to do uh most people are trying to do options trading these days people are trying to do the stock market because they're looking at reading and everything so they're always looking for capital but also people are trying to prepare for this real estate crash okay so being able to build up your business credit build a personal credit up strong so that way you're in position to where you have 50 or 100 000 so when an opportunity comes along you're able to buy up a nice piece of property as an asset then take the equity out and buy another piece of property that's the reason you want to be able to leverage your business credit like this okay so that's the reason that we're talking about these business credit cards that when you max them out it won't affect your personal credit and by them not affecting your personal credit guess what you're able to go get more money from them now here's something that you have to understand about inquiries so if you want to be applying for these make sure you're not in the danger zone your danger zone is between six to eight inquiries on each credit barrel okay so make sure that you try to stay don't go beyond this danger zone on each credit bureau when you're applying for uh business credit cards and stuff like that okay and i tell you another thing that people uh would do they would apply for a business credit card they would get approved and then they would uh challenge that inquiry i'ma tell you that's a very dangerous play because if you challenge that inquiry it looks like fraud and they'll lock up your account okay i'll tell you another thing that people have been doing as well when they get their business credit cards and stuff they may try to uh liquidate their business credit cards through like a paypal or square or something like that well when that business credit card is in your name their paypal account is in your name that throws up a flag they shut the card down so you don't want to do that okay there is a strategy to liquidate uh that i talk about and stuff in consultation uh so if you want a consultation or whatever you can click the link below but in terms of actually trying to liquidate your uh credit cards and stuff through um merchants like paypal square stuff that are in your name as well that's not a good move because you can actually lose the account and you'll get locked out of the account so you don't want to do that all right so where are we at we got a citibank american express chase capital one u.s bay now here's wells fargo now wells fargo on the personals on the business credit cards okay here's the thing about it with wells fargo um on the business credit card people like well wells fargo do they report well actually the business credit cards don't report to like dun and brass street experian equifax however dunn and brass street will pick up that data but they do not report directly to dun and bradstreet okay so you have to remember that but the in terms of leverage and funding and stuff they're very good now if you uh have challenging credit and you're still trying to um build a relationship with wells fargo then i would tell you to go for the wells fargo's secured business credit card right so i i would do this right so that way i can still be um paying for all my expenses through the business and stuff yeah they don't report directly but two things is happening it's going to get picked up and number two you're building a relationship with wells fargo okay and wells fargo is very good because they're very uh easy to work with like once you get your business credit cards and stuff after nine months you would more likely have the opportunity to get a um a business line of credit with them okay so but make sure that you uh making sure that you're making your payments utilizing your cards and accounts and stuff like that so just be careful of that but at the same time they're very generous on their business lines of credit i'm talking about 25 30 50 000 lines of credit and for most of these they they're like that now in terms of american express to be able to get a a business line of credit through them what ends up happening is that they're about invite okay you have to be with them for so long and they actually see you using your uh business credit cards and stuff and then you can check your account sometimes and you will see an invite where they actually inviting you to apply for that business line of credit okay but they won't just uh say oh go after this they won't let you have it that way you actually have to be invited now here's one that i really like okay and this is barclays okay i i really like them on the business side and personal side and the reason that i like them because of their jet blue okay now with their jet blue card all right once you um once you get approved for the jetblue card and stuff like that like i said you may be late or something like that but it doesn't repre report on the personal or the business okay but i will go again i would definitely make sure that all of my relationships with these uh financial institutions stay good now the reason i'm not talking about uh bofa the reason that i don't talk too much about beaufort is because with bank of america they're like footing and what i mean by that is that you can have good credit okay uh you start your business just starting up and stuff but there there may give you a like a low limit okay so they may give you a low limit of whatever and so in terms of you utilizing the card they don't do an automated automatic increase you do have to actually uh apply for automatic increase but another good thing about these cards too they uh do have pre-approval so meaning that they're able to do like a soft pull so before you actually apply for these credit cards they do have systems in place where you can actually put in your information to see if you pre-qualify before you actually get the cards and stuff like that so just keep that in mind now here's something that i'm going to add to this in terms of building this relationship again with most of these uh credit cards and stuff one of the easier ways that i really think is if you have a business bank account with them okay and then making your weekly deposits into your business bank account i don't care if it's 25 50 but long as you continue having a relationship with them the odds are in your favor so all of your income if you working a job and you just starting your business and stuff like that uh when you open up your business bank account just make little small deposits into your business bank account just to keep it going keep it active and stuff like that because i'm telling you once your credit score gets stronger and stuff and they see that you have this activity going on in your business bank account then what they do they give you more leverage to be able to apply for these business uh credit cards so this is houston with three-way funding again if you all have any questions you need a consultation please click the link below but if you want credit cards that actually uh that you can max out without affecting your personal credit this these are the cards these are the top cards that i would go for and like i said you don't need a real high credit score 690 to 740 on average to be able to get approved for most of these credit cards so this is houston with three-way funding please remember to comment like and subscribe thank you

Channel: 3WayFunding

Views: 9,627

Keywords: business credit card pre approval, chase business credit card pre approval, business credit card no credit check, Best business credit cards review 2021, Best business cards reviews 2021, Softpull business credit cards, Business cards no pg, noelle randall, ein number, business credit review, business credit card reviews, dnb, net 30, business credit cards pre approved, credit cards, navy federal, capital one, citibank, chase credit cards, wells fargo, us bank, line of credit

Id: mhBwvKx6cM8

Length: 21min 54sec (1314 seconds)

Published: Sat Apr 24 2021