2- $5,000+ Vendor Accounts New Business

[GR8WhiTE]

Texaco gave $600 Mastercard soft pull, Amazon Line no PG (not sure limit), wating to here from cap one spark. I'm basically using a scaled down version of supercreditman. i have $80k personal credit which I have limited balance. I'd like triple that for business with or without PG, or hard/soft inquiries as long as biz doesn't report on personal (other than inquiry) board vets, does this sound realistic?

Good for you. And to do this with low 700's is great. If you dont mind me asking, what do you show tax wise or yearly income when applying to these places? (on your personal)

BTW...Limitless was a great movie

[killove]

I had a Chase car loan about 6 years ago. I put 6 figures in most cases for personal income and if they ask for tax forms etc. I call and tell them I just got the job...or something to the effect that last year taxes won't help prove my income.

[killove]

I had a Chase car loan about 6 years ago. I put 6 figures in most cases for personal income and if they ask for tax forms etc. I call and tell them I just got the job...or something to the effect that last year taxes won't help prove my income.

[killove]

BTW I may be using wrong term, I assume soft pull since it didnt so up as a hit on personal, but they did ask for social.

[killove]

Anybody know a way to make the.card show as max or almost max? I get mixxed answers on the girftcard way.b

[BRBiz]

BTW I may be using wrong term, I assume soft pull since it didnt so up as a hit on personal, but they did ask for social.

You sure they didn't do a hard pull? That is rare to get approved on just a soft pull if you don't have any other credit products with them.

[killove]

I could have a prsonal product under written and don't know it. Or maybe they retained from old car loan. A hard pull would have showed up on my credit montoring service.

[BRBiz]

I could have a prsonal product under written and don't know it. Or maybe they retained from old car loan. A hard pull would have showed up on my credit montoring service.

It would be a current open account you would have with them..

[stroked89coupe]

Thats intresting.

[GR8WhiTE]

I had a Chase car loan about 6 years ago. I put 6 figures in most cases for personal income and if they ask for tax forms etc. I call and tell them I just got the job...or something to the effect that last year taxes won't help prove my income.

that sounds great, have they ever asked for a pay stub?

[GR8WhiTE]

Anybody know a way to make the.card show as max or almost max? I get mixxed answers on the girftcard way.b

Gift card way does work. Just go in and do it. But when you do it, have your store card in your hand, along with your state id and bank card that has your business name on it. You just want to let the cashiers know that they are not being scammed. Two times I had an incident and I got a manager to assist me. But it works.

[GR8WhiTE]

BTW I may be using wrong term, I assume soft pull since it didnt so up as a hit on personal, but they did ask for social.

the social is for pg purposes

[killove]

 

I had a Chase car loan about 6 years ago. I put 6 figures in most cases for personal income and if they ask for tax forms etc. I call and tell them I just got the job...or something to the effect that last year taxes won't help prove my income.

that sounds great, have they ever asked for a pay stub?

never got asked for stub. I did once or twice get asked for a tax transcript. I called them and stated I just got the job or raise and so the income increase won't show on last years taxes. I actually just got a transcript request on my personal Amex. per supercreditman I asked for increase on personal so if they do a hard pull with a biz app, my personal will have high limits and well managed

Edited May 1, 2013 by killove

[killove]

 

Anybody know a way to make the.card show as max or almost max? I get mixxed answers on the girftcard way.b

Gift card way does work. Just go in and do it. But when you do it, have your store card in your hand, along with your state id and bank card that has your business name on it. You just want to let the cashiers know that they are not being scammed. Two times I had an incident and I got a manager to assist me. But it works.

So I ask for giftcard say walmart, already have biz credit card and ID in hand. I shouldn't have issue. should I cash the giftcard in after a month or so? I'm just looking for the appearance of using the biz card so it will report. It would take me years to spend $5000 in walmart (if they even let me purchase that high)

[BRBiz]

 

 

 

Anybody know a way to make the.card show as max or almost max? I get mixxed answers on the girftcard way.b

 

Gift card way does work. Just go in and do it. But when you do it, have your store card in your hand, along with your state id and bank card that has your business name on it. You just want to let the cashiers know that they are not being scammed. Two times I had an incident and I got a manager to assist me. But it works.

So I ask for giftcard say walmart, already have biz credit card and ID in hand. I shouldn't have issue. should I cash the giftcard in after a month or so? I'm just looking for the appearance of using the biz card so it will report. It would take me years to spend $5000 in walmart (if they even let me purchase that high)

You have to be real careful with gift card purchases on a new credit card.. Credit card companies can see what you buy and gift cards especially ones for large amounts will likely throw red flags up. If that happens and if your lucky they will just ask a bunch of questions and if your not so lucky they will cancel your card. I would suggest waiting a couple payments before doing that.

[killove]

Thanks Brndnh721. What you think is a safe limit or should I just not do giftcard for a while?

[BRBiz]

I would keep it at or under $500 then give it a payment or two then you should be fine with most other gift card purchases but really any time you purchase a large amount in gift cards you could trigger a flag. But usually at that point it is flagged to protect you so they may put a hold on the card until you call to verify that you made the purchase.

[stroked89coupe]

Square. It will only cost you 2.75%.

 

 

 

It works wonders for me all the time. I use it on a daily basis any way.

[BRBiz]

Square. It will only cost you 2.75%.

 

 

 

It works wonders for me all the time. I use it on a daily basis any way.

If you use Sqaure to cash out the gift cards and are new to Sqaure or don't use them frequently don't to many transactions at once because they will freeze the account and make you go though a verification process not a big deal just a pain. Your only suppose to have to do it once but I have done it 3 times.

[stroked89coupe]

I was talking about using it for other reasons. I guess this would not work on store cards that don't bear the MC or Visa Logo. Square on the other hand for me, Has pro activly raised my withdrawl limit several times without even requesting it. Which suprised me. I have not had the pleasure of going through what you have, YET.

Edited May 2, 2013 by stroked89coupe

[BRBiz]

I was talking about using it for other reasons. I guess this would not work on store cards that don't bear the MC or Visa Logo. Square on the other hand for me, Has pro activly raised my withdrawl limit several times without even requesting it. Which suprised me. I have not had the pleasure of going through what you have, YET.

Oh ok.. I was thinking a visa or MasterCard gift card and that was why I brought it up.. I believe the biggest visa/mastercard gift card you can buy is $500 so that is a option for the gift card trick but it will cost you the fee if you cash them out that way.

[GR8WhiTE]

Square. It will only cost you 2.75%.

 

 

 

It works wonders for me all the time. I use it on a daily basis any way.

They were bad for me. They threw me out for swiping gift cards.

[GR8WhiTE]

 

 

Anybody know a way to make the.card show as max or almost max? I get mixxed answers on the girftcard way.b

Gift card way does work. Just go in and do it. But when you do it, have your store card in your hand, along with your state id and bank card that has your business name on it. You just want to let the cashiers know that they are not being scammed. Two times I had an incident and I got a manager to assist me. But it works.

So I ask for giftcard say walmart, already have biz credit card and ID in hand. I shouldn't have issue. should I cash the giftcard in after a month or so? I'm just looking for the appearance of using the biz card so it will report. It would take me years to spend $5000 in walmart (if they even let me purchase that high)

Yes exactly, don't over think it. But BR is right, do 500 the first month and by a dvd or something. Make your payment and that next month go 3 separate times and buy 3 x 500 gift cards....and so on. By that second month your showing a 2k limit

[killove]

good stuff, Don't know how I lived without this site. What about balance transfers? Anyone try that? I was thinking transfer about $2000 from personal c card unto new biz c card while its 0% for 6 months (I believe no transfer fee)

[stroked89coupe]

You have a business visa or mc correct?

 

 

Use square to charge it and it will cost you a little over 2% and you will have the money next day in most cases. Balance transfer fee will usually run you 4%.

 

Use the money that is deposited in your bank account plus a little over 2% to make the payment on the card before it reports.