#1 Trick to Get Business Credit Cards WITHOUT a Business

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Business credit cards have some major advantages, and a lot more people may be eligible to get them than you might think! Let’s cover some Q&As…
Q: Can you get a business credit card if you don’t have a Corporation, LLC, etc.?
A: Yes! You can apply as an individual (“sole proprietor”).
Q: Can you get a business credit card if you don’t have an EIN?
A: Yes! You can use your SSN instead.
Q: Can you get a business credit card without owning a business?
A: Yes! If you earn money independently from your day job, you may qualify.
Q: Can you get a business credit card if you haven’t made any money yet?
A: It’s possible! Some banks may give an approval even if you’re pre-revenue.
There are also some huge advantages to getting business credit cards. Some of them include:
1. Obtain more welcome offers. Getting credit card signup bonuses are a fast way to get a lot of points, miles, or cash back quickly, and business credit cards often have their own offers (many of which are higher than personal credit cards).
2. Build strong credit card strategies. Some business credit cards earn rewards in categories not covered by most personal credit cards (examples: utilities, advertising, office supply stores, and more). Even better, some of the Chase Ink business credit cards and Amex business credit cards earn the same type of rewards as some of the personal credit cards, so you can combine your points! Examples of these combinable points include Chase Ultimate Rewards, Amex Membership Rewards, and Capital One Venture miles.
3. Separate business from personal expenses
4. Obtain “invisible credit” (i.e., most business credit cards do not appear on your personal credit report). So, they won’t affect your credit score in terms of utilization or the age of the account. They also won’t affect the Chase 5/24 Rule.
Just be aware that most small business credit cards still pull your personal credit.
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, Biltrewards.com and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #businesscredit #smallbusiness

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@MarkReese 6 месяцев назад

🚨Identity thieves love tax season. Protect yourself. Go to my sponsor aura.com/markreese to get a 14-day free trial. 💥👇 ALL CREDIT CARD OFFERS (Learn More!) markscreditcards.com/offers (Scroll to ‘Business Credit Cards’ section) 💳👇 TOP CHASE & CAPITAL ONE BUSINESS CARDS (Learn More!) 💳 Chase Ink Preferred (Learn More): markscreditcards.com/inkpreferred 💳 Chase Ink Cash (Learn More): markscreditcards.com/inkcash 💳 Chase Ink Unlimited (Learn More): markscreditcards.com/inkunlimited 💳 Capital One Venture X Business: markscreditcards.com/venturexbusiness 🛍 RAKUTEN - Earn More Cash Back! markscreditcards.com/rakuten ⬆️ (More links in Description below video!)

@Nestop50-z2p Месяц назад

Tried your system. Even got an EIN. Got rejected after 20 seconds with the Chase Ink Business Cash.Could have gotten denied all by myself without your help, thank you very much. I really thought you were onto something here, But now I've got another hard pull on my credit Why are you recommending this to people when the creditor bases their decision on personal credit, and not this? Just cause you have perfect credit, please. DO NOT recommend this to those like me teetering on a 588 cr.score.

@MarkReese Месяц назад

@@Nestop50-z2p - This video is not about guaranteeing an approval. Rather, it's about putting the odds more in your favor and how to apply without having an LLC, corporation, etc.. Sorry to hear about your denial. Score requirements are not published by the banks, but I'd personally want to have a 700+. That said, it may be possible to get approved with lower scores, but there isn't a way to guarantee any outcome. Credit decisions go well beyond the score alone.

@bigbisket1 5 месяцев назад

Remember folks, do not forget, you've got to have great personal credit to receive any business credit. A lot of gurus forget to mention that.

@MarkReese 5 месяцев назад

Correct. See 15:20 in the video.

@sexipinkice 5 месяцев назад

Wish I knew that before I applied. Thanks

@TammT51 4 месяца назад

Wish that was said 1st cause no need to listen to full vid if you have bad credit, but thanks away for the info

@shereviewsstuff4ya 3 месяца назад

quite informative.

@KayKillian 3 месяца назад

This is incorrect information. If you build your business credit organically you can do it without a personal guarantee. It takes time.

@marksmith4512 Месяц назад

Actually the lowest 4 digit number I can think of is 0000

@ayushsheth2087 6 месяцев назад

Hey Mark, been here since 500 subs. So happy you respond to everyone and glad to see your growth. Excited to see play button soon.

@MarkReese 6 месяцев назад

I hugely appreciate your support, Ayush! 🥇 More great videos to come...

@_MrnoCAP 6 месяцев назад

Excited to join the community and network. ENJOI using credit. While doing business. To earn extra income. To scale our business.

@TheSimpleDollarShow 6 месяцев назад

It’s great that we DON’T need an LLC or even an EIN to get approved for business credit cards 💯

@MarkReese 6 месяцев назад

Sure is!

@PrimateProductions 3 месяца назад

But you do have to have really good personal credit

@simonerankine3617 12 дней назад

I was confused. a lot off people keeps saying you need a EIN or a LLC register address phone number. But there’s a lot of people that work from home

@PrimateProductions 12 дней назад

@simonerankine3617 ok ...but one usually gets a business credit card when they own the business. There are a lot of people who work from home but that doesn't mean they own their own business...it juat means they work at home. If you own a business that is when you get an LLC or EIN number. Working from home has nothing at all to do with this.

@suamatua1680 6 дней назад

Next time start off with good credit score before applying for business credit 😂

@arnopetersoneshotbbq 20 дней назад

Doesn't mean a thing if you have jacked up credit!!

@MarkReese 19 дней назад

Correct. Although score requirements are not published by the banks, a good to excellent score will likely be required.

@thejokerspeaks 6 месяцев назад

Anyone with the Amex Platinum already kind of owns a small business, in the crazy coupon lady sense.

@MarkReese 6 месяцев назад

😂

@hwnsylke123 5 дней назад

Which business credit card would you get if you have 730-750 credit score, have around 130K annual income and are wanting to start a sole prop but need around $7-8K to legitimize the business and pay for the certification trainings? Or would you get multiple cards to spread out that initial $7-8K?

@johnwilsoniii4757 6 месяцев назад

I’m going to build my personal score up before applying for Chase.

@MarkReese 6 месяцев назад

Make it happen! 💯

@joetaylor6581 6 месяцев назад

lol not me already planning to Apply for this exact card and he posts a video right before to help me out 🎉

@MarkReese 6 месяцев назад

Good luck on the application!

@chrisbrown8748 6 месяцев назад

Hey RU-vid algorithm Mark is the goat of credit card videos and you should recommend his videos to everyone🙌🏽❤️👍🏽👍🏽

@MarkReese 6 месяцев назад

Thanks Chris! 😁👊

@Timotheos-td7mq 5 месяцев назад

Yeah recommended it to everyone that doesn't have a job, it's not like you have to pay it back with interest.. Right 🤣

@chrissan6015 Месяц назад

Im applying for business cards else where so I can meet chases 5/24 criteria

@wilfredpapaya4739 6 месяцев назад

Definitely will get into Business cards soon but not right now.

@MarkReese 6 месяцев назад

💯👍

@Venturer788 2 месяца назад

Hey Mark, Is it true that Chase business credit cards that are opened using your personal SSN are considered personal credit cards for the purposes of the 5/24 rule? I’m seeing some reports of this online.

@MarkReese 2 месяца назад

Unless something changed just recently, then no, that's never been the case. I have 5 Chase business cards obtained via SSN and none of them appear on my personal credit report, therefore, they cannot count towards 5/24.

@TammT51 4 месяца назад

Wish that was said 1st cause no need to listen to full vid if you have bad credit, but thanks away for the info

@MarkReese 4 месяца назад

👍

@johnwick860 6 месяцев назад

hi, I have an upcoming 3 to 4 month hotel stays later this year & I am choosing which hotel cards to pick, there are Hyatt, Hilton, Marriott and Crowne Plaza in the area.. also I can get the Chase WOH, Hilton Surpass & Aspire, Bonvoy Brilliant & Bonvoy Business & Chase IHG Premier.. out of the Hyatt Globalist, Hilton Diamond, Marriott Titanium or Diamond, IHG Platinum or Diamond... which is worth spending $30k or more? my family will join me as well so breakfast (and maybe club lounge access) for 4 is an important factor, thanks

@MarkReese 6 месяцев назад

I can't tell you what you should value. All I can say is that many people in this game strongly prefer WoH Globalist, and for a good reason (the benefits are incredible). However, Hyatt's footprint is tiny. So, if they don't have properties in the areas you want to go, then it won't matter.

@ronaldoquiroz1023 3 месяца назад

Is there any differences between choosing EIN and SSN for Tax ID type? for example any drawbacks in personal taxation or higher risk of application denial

@MarkReese 3 месяца назад

I don't have data to suggest an answer to that.

@topofall1992 2 месяца назад

When You use your SSN, do they report to your personal credit or no? That's kinda weird. I got two B.C.C and they don't report to my personal cuz I applied for them using my EIN and personal guaranteeing them. But using just your SSN, I don't know about that. Will they report your balance and payments to your personal credit score or no? Thanks.

@MarkReese 2 месяца назад

No. Whether using an SSN or EIN, most small business credit cards from most major banks do not report to your personal credit report.

@chrissan6015 Месяц назад

I applied for a personal card on 7/28 which put me at 5 24 but hasnt hit my account yet on 8/29 can I apply for the business account as long it doesnt hit my account?

@MarkReese Месяц назад

Definitely possible! Chase can only count the cards that appear on your report against you.

@Peteliao 6 месяцев назад

I set up a lemonade stand, at the park. Now I have a business

@MarkReese 6 месяцев назад

💯🍋

@jalabi99 6 месяцев назад

Literally, you do!

@chrisharton9725 3 месяца назад

Hilarious 😂

@bionichustla100 17 дней назад

so what if I have an ein but not physical business Do I use ein as sole proprietorship.

@MarkReese 15 дней назад

That's more of a legal question for how your business is set up and run. I can't comment on that. I'd probably use the same tax ID (that is, EIN or SSN) that I used to open a business checking account.

@lonz0_0 6 месяцев назад

So, to get a business cc you DO need a "business".....acting like you don't need to have anything and can get approved. Relax with the click bait.

@MarkReese 6 месяцев назад

Yes, you "need" a "business" per the card agreement. However, are there data points of consumers with truly no business & exclusively have W2 income who got approved for business credit cards? Yes. Does that mean lying on the application? Yes. Is that something I encourage others to do? No. I simply say this because business card approvals are possible nonetheless.

@Congress.Pub.L.97-280NowActive 6 месяцев назад

Yes, like all things in commerce, you need a business that everyone already has but keep calling it "personal".

@jimmydavis4735 5 месяцев назад

Facts. You Made Him Explain His Lie Encouraging People To Create Problems For Themselves.

@iranie4981 4 месяца назад

Will I receive a hard inquiry when I apply for this card?

@MarkReese 4 месяца назад

Yes. A possible exception is if you already have a card relationship with Amex, then they may do a soft pull for additional cards you get with them. It's not guaranteed, though.

@pauldurand3840 3 месяца назад

And I just got turned down, that's nice, but I don't I just continually live the dream.

@MarkReese 3 месяца назад

Bummer. Did you find out the reason why?

@Mr-ng3mq Месяц назад

You sir are awesome. This is the video I was looking for. You had all the answers to my questions. Fantastic job!!! 🙌

@MarkReese Месяц назад

Thanks, glad to help!

@darreinwhitesr3813 Месяц назад

Isent Identity theft is when any Company without Permissible purpose, to sale or use your information about you?

@MarkReese Месяц назад

www.usa.gov/identity-theft

@anselmoribeiro736 4 месяца назад

Thanks for the video and information! I have a question; perhaps, you can help. I hoping to create a business credit building company so that I can help people around my local community build business credit. Wondering if you know anyone in the industry who can help?

@MarkReese 4 месяца назад

I don't. Good luck though!

@davec2020 5 месяцев назад

Great content Mark. Question is does it go against your own credit? Hard inquiry on your report? If yes and i am in the process of starting my own company do i wait so i dont have hard inquiry? Also what business cards would u suggest if cant show income in new business? Any advice would be greatly appreciated. Thank you

@MarkReese 5 месяцев назад

1. Yes. Small business credit cards will pull your personal credit and therefore leave a hard inquiry. 2. I don't have data to suggest which cards are easier than others based on no current revenue. In general, I've found Amex to be easiest to work with for new businesses.

@DouglasJamesEatingShow 4 месяца назад

What spend would qualify to receive the sign-up bonus on a business credit card? Would it need to be spending for the business or could it be my every day spend that would qualify me to get the sign up bonus on a business credit card?

@MarkReese 4 месяца назад

Per the card agreement, the card is only to be used for business expenses. However, people have also put personal expenses on business cards without an issue as there isn't a way for a bank to know the purpose of a purchase. That said, putting personal expenses on a business card is not something I encourage people to do.

@letstalkdesign2869 4 месяца назад

Followed your lead and was approved for $20,000! Thank you:)

@MarkReese 4 месяца назад

Fantastic, congrats on the $20K!

@Onlyfansera 3 месяца назад

No biz checking or savings required?? 😲

@MarkReese 3 месяца назад

Nope!

@InstructorWest 5 месяцев назад

If you apply for a business card but use it for personal use and pay it off from personal funds, is that legal or can that create an issue with the IRS?

@MarkReese 5 месяцев назад

Per my understanding, there's no legal issue from a government perspective. It's only a violation of the cardmember agreement. And for those who have legal structures (LLC, etc.), adding personal expenses can "pierce the corporate veil" and be a problem if a lawsuit were to occur. All that said, I don't give legal advice, so best to consult with an expert in the matter.

@fig6maq 6 месяцев назад

I charged my online curriculum course on my personal credit card. Could I have it transferred to my business credit card?

@MarkReese 6 месяцев назад

No, you cannot move a transaction from one card to another.

@lenniamartin 5 месяцев назад

I bank with Chase so it would be really odd for me to all of a sudden apply for a business card and all I make each month is $1100🤦🏾‍♀️

@MarkReese 5 месяцев назад

Having revenue and an existing relationship could work in your favor. I cannot guarantee any outcome, however.

@Danielrodriguez-sj1jd 4 месяца назад

Hey Mark me and my wife we are starting a business we don’t need too much . What is the best approach to a business loan I guess

@MarkReese 4 месяца назад

Hi Daniel - I haven't applied for a business loan, so that's not something I can comment on at this time.

@theoperator9474 3 месяца назад

His backdoor is wide open

@alphaomega9236 5 месяцев назад

HOW much credit can you get? can you pay a down payment for a second house?

@MarkReese 5 месяцев назад

There's no maximum limit that applies to everyone across all cards. It depends on things like credit score, income, revenue, and other factors. I'm not aware of lenders that will accept down payments on a credit card.

@youtubemaster4282 5 месяцев назад

Can you use gross income PROJECTIONS?

@MarkReese 5 месяцев назад

Read the terms on the application. If it says anything related to estimating how much you can reasonably expect to make in a year, then yes.

@burmy1552 4 месяца назад

This is the question I was looking for. Thanks.

@shawn.credit 5 месяцев назад

I just grabbed a GM Business Rewards card making it make 6th business card! ✊

@MarkReese 5 месяцев назад

Congrats!

@RoyaltyMusicTV 5 месяцев назад

What if all your income is self-employed 1099

@MarkReese 5 месяцев назад

Fill out the application in a way that represents that 💯👍

@lisamichelle5238 6 месяцев назад

What sort of income verification or documentation do the banks usually require?

@MarkReese 6 месяцев назад

Credit score requirements aren't published. In my experience, documentation is rarely requested (more commonly from Barclays and U.S. Bank). If so, they may want to see proof of address and proof of business (e.g. Certificate of Filing or Articles of Incorporation).

@travelwithmarcos 6 месяцев назад

Great video , one question , my LLC name is different from my name any problem to apply ?

@MarkReese 6 месяцев назад

No problem at all, in fact, that's expected. This video only demonstrated applying as a sole proprietor, which is why the name was identical.

@marvrus 6 месяцев назад

Hi Mark, this quests not related to the video. I got the Caesar diamond status by watching your video and now the Caesar diamond only match to MGM pearl. With your expertise and knowledge, is there other way to get MGM gold by matching Wyndham diamond to other status?

@MarkReese 6 месяцев назад

Not that I'm aware of.

@sanityseclipse-kgs4006 3 месяца назад

can u make this guide for the bank of america cards, its a bit different.

@MarkReese 3 месяца назад

Thanks for the suggestion, but that's not a video I intend to make at this time. I've made other videos of my applying for Bank of America business credit cards. Here's 1: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-9FT52dOwyWM.html Here's another: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jfi3OZEeuns.html

@juliem9508 3 месяца назад

They do a hard pull on your personal credit?

@MarkReese 3 месяца назад

Yes.

@edbabits4093 Месяц назад

So if you product change from the Boundless to the Ritz Carlton Card. You would need to wait 1 or 2 years to readd the Boundless? Also would you be entitled to a welcome bonus again for the Boundless?

@MarkReese Месяц назад

Not sure. If you have the Ritz-Carlton Credit Card, you can apply for the Bonvoy Boundless and get the bonus offer. What I don't know is if Chase keeps track of the original clock / timeframe from the first Bonvoy Boundless to the Ritz then back to Boundless. I would assume they do, so I'd personally do this: - Open Bonvoy Boundless - Wait 12+ months - Upgrade to Ritz - Wait 12+ months - Apply for Boundless I can't guarantee this works though as I haven't tried it.

@edbabits4093 Месяц назад

@@MarkReese Good stuff! I have had the Boundless for many years, but not sure to get the Ritz Carlton Card. I like the elite night for every $5000.00 you spend with the Boundless. Also have the Brilliant.

@supremeoriginalzmusicgroup3120 4 месяца назад

Can I get personal help?

@MarkReese 4 месяца назад

I don't work with people 1-on-1 at this time.

@jeremy8829 2 месяца назад

Point or benefits of a business card?

@MarkReese 2 месяца назад

Keep business expenses separate. Many business cards do not report to your personal credit report (major benefit). Get access to additional reward multipliers and/or benefits that most personal cards do not offer, accelerating your reward earning rate.

@jeremy8829 2 месяца назад

@@MarkReese ya I understand that,, I mean if you don’t have a business. What would be point of business cc?

@MarkReese 2 месяца назад

@@jeremy8829 - Welcome offers, point multipliers, and the fact that they don't report to your personal profile.

@MrDoubtful42069 6 месяцев назад

Does this pull from your personal credit?

@MarkReese 6 месяцев назад

Yes, see 15:37 in the video.

@831piper 6 месяцев назад

Valuable information thanks

@MarkReese 6 месяцев назад

You bet 👍

@espi100 6 месяцев назад

Thank you for this. Could you do AMEX too😃

@MarkReese 6 месяцев назад

I've got a bunch of "Watch Me Apply" videos with Amex business credit cards. Just search "Mark Reese Watch Me Apply" on RU-vid and you'll see them.

@MarkReese 6 месяцев назад

Here are 3 of them... HH Business: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-a2KQq9ClvRI.html Blue Business Cash: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-19CE600Z9Xg.html Blue Business Plus: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CbKkgTmjtRM.html

@jerryRp90x 2 месяца назад

Magicians?

@shenoudabekheet8701 6 месяцев назад

I am an uber eats driver what to chosse in the business info

@MarkReese 6 месяцев назад

One option could be the following (using Chase's application as an example)... Business Category = "Transportation: Air, Ground, Pipeline, Rail, Water, Tourism, Support" Business Type = "Taxi and Limousine Service" Business Sub-Type = "Taxi and Ridesharing Services Unless you can find something better, that's probably what I'd do since it ends up leading to including "Ridesharing," which is closely related.

@gelin860 5 месяцев назад

Will these report to personal credit if applied as a sole proprietor?

@MarkReese 5 месяцев назад

None of the business cards from the following issuers will report to your personal credit if you apply as a sole prop: - Chase - Citi - Amex - Barclays - U.S. Bank - Bank of America

@davidprasad65 5 месяцев назад

Awesome information. Thanks!

@MarkReese 5 месяцев назад

You're welcome!

@adamrobertson4177 5 месяцев назад

Do you need an account with the banks

@MarkReese 5 месяцев назад

No. It could help with an approval, especially with Bank of America and U.S. Bank, but not required.

@eli3726 2 месяца назад

Great info 👍

@allstarquez5699 5 месяцев назад

is the spend audited?

@MarkReese 5 месяцев назад

In my experience, no.

@LOVETOBEWITHYOU60 5 месяцев назад

So is this will give me a ding on my personal credit report?

@MarkReese 5 месяцев назад

In nearly all situations, yes.

@AM-nm1oe 6 месяцев назад

Hey Mark, if you close your LLC what happens to the business credit cards under that llc. Also how strict is chase for business apps?

@MarkReese 6 месяцев назад

Frankly, I'm not sure. I've seen data points from others that their cards kept working (likely because they're still linked to the individuals via SSN, which was entered on the application). I personally would close the card(s) for a dissolved LLC. However, I'd also call the bank & ask directly, since again, I'm not 100% sure. I've not gone through that experience. You could also ask the bank if they can switch the EIN # to a new business or to your SSN as a Sole Prop. I also don't have a way of rating Chase's strictness, so I can't comment on that either.

@AM-nm1oe 5 месяцев назад

@@MarkReese I'm at 8/24 and really want to get that Hyatt business card before next year. I've heard mixed things about if it matters anymore for chase business cards

@nevillewhite3451 3 месяца назад

Different banks do it differently. Some don't check but who knows for how long.

@cygen_divine1570 6 месяцев назад

Great content, subscribed

@MarkReese 6 месяцев назад

Much appreciated! 🥇

@TheAndyzilla 6 месяцев назад

Pardon my ignorance. But by not having a business and putting regular spends on business cards isnt that bad? Great video my guy, new sub inbound

@MarkReese 6 месяцев назад

Using business credit cards for personal expenses violates the cardmember agreement. Have people done it? Yes. Do banks know if your restaurant / utility / flight purchase was for business or personal use? No. Do I encourage people to use business cards for personal use? No. However, everyone can choose to make their own decisions.

@TheAndyzilla 6 месяцев назад

@@MarkReese ah i see, thanks for the info!

@davemTX2023 5 месяцев назад

Do they pull your personal credit it your don’t use EIN

@MarkReese 5 месяцев назад

@@davemTX2023 - Your personal credit will be pulled no matter what.

@anthonywilliams9415 6 месяцев назад

Thanks for the useful information!!

@MarkReese 6 месяцев назад

You're welcome!

@zraverbalizeradio1978 2 месяца назад

What if it’s a Trust?

@MarkReese 2 месяца назад

That's not something I'm able to comment on. Call the bank to ask directly.

@miguelfranco6096 Месяц назад

I tried it and didn’t work

@MarkReese Месяц назад

What didn't work?

@miguelfranco6096 Месяц назад

@@MarkReese what you said . And it didn’t work to get a business credit card

@miguelfranco6096 Месяц назад

@@MarkReese I just got an hard inquiry t9 my credit score now

@MarkReese Месяц назад

@@miguelfranco6096 - The video is not called "How to get a guaranteed approval." It's about a trick to help you get business cards without a formal LLC, corporation, etc. And yes, small business credit cards nearly always pull your personal credit, resulting in a hard inquiry. So far, you were denied by the computer system. So consider calling the bank's reconsideration line to speak with a live agent & ask if the decision can be turned around.

@KENNEDYMENEZES 5 месяцев назад

Thank you Mark! Very valuable info.

@MarkReese 5 месяцев назад

You're welcome!

@AskRemy 3 месяца назад

this video is completely useless unless you have great credit score already - they will pull your credit score regardless of what this guy tells you

@MarkReese 3 месяца назад

Correct, your personal credit will be pulled. For people with a lower credit score, there are ways to increase it.

@DidIDoThaat 6 месяцев назад

Keep up the great work!

@MarkReese 6 месяцев назад

Thanks, will do!

@Embelemokua 5 месяцев назад

🤩

@MarkReese 5 месяцев назад

💯💯

@topoftheworld4535 5 месяцев назад

What credit score do you have to have. Its all based off of your credit score

@MarkReese 5 месяцев назад

Credit score requirements are not published. And no, it's not all based off your score.

@topoftheworld4535 5 месяцев назад

@@MarkReese well I know for Chase it has to be higher than a 640. I applied and got denied

@MarkReese 5 месяцев назад

@@topoftheworld4535 - Perhaps, but a single data point isn't revelatory. I've seen data points of people with 800+ scores get denied for credit cards. Score is not everything.

@topoftheworld4535 5 месяцев назад

@@MarkReese the only thing I've been able to get thus far is a secured credit card. I'm beginning to think its impossible for me to obtain any kind of unsecured credit card. God bless the people it does work for

@aronrampersad 21 день назад

Thanks! Approved for 7k

@MarkReese 21 день назад

Congrats!

@ulisescastillo285 5 месяцев назад

Thanks let see what happen😅

@MarkReese 5 месяцев назад

💯👍

@sankofabey873 5 месяцев назад

Thank you very much for sharing 🤗🥰

@MarkReese 5 месяцев назад

You're welcome!

@Rafa-wf1ex 5 месяцев назад

GRACIAS MARK LIKE YOUR VIDEOS ALL WAYS

@MarkReese 5 месяцев назад

Thank you!

@jacquelynorta1732 6 месяцев назад

What credit score is required????

@MarkReese 6 месяцев назад

Unfortunately, the score requirements aren't published by the banks.

@lenniamartin 5 месяцев назад

MAY Qualify May 🤦🏾‍♀️

@MarkReese 5 месяцев назад

Correct, there's no guarantee of an approval 👍

@MONCHTER23 6 месяцев назад

Are we going to get flag by using the business credit card on everyday use ?

@MarkReese 6 месяцев назад

Very unlikely. The bank has no way of knowing if that plane ticket, restaurant meal, or miscellaneous purchase was for business or personal use. However, using a business card for personal purchases is a violation of the card agreement. That said, do people do it? Yes. Is it a behavior I encourage people to do? No. Everyone can make their own decisions though.

@DJRenee 6 месяцев назад

Do not co mingle funds.

@VICKIECARPENTER-zr1pt 3 месяца назад

Thank you!🙂

@MarkReese 3 месяца назад

You're welcome!

@nancycollier8054 5 месяцев назад

Thank you

@MarkReese 5 месяцев назад

Of course!

@THABEATLODGE 5 месяцев назад

Approved!!

@MarkReese 5 месяцев назад

Congrats!

@jetski335 6 месяцев назад

😊

@MarkReese 6 месяцев назад

😄

@SOXGATORS 6 месяцев назад

👍🏻

@MarkReese 6 месяцев назад

👍

@brittanybrown5551 5 месяцев назад

It will not let me change the EIN number in the business area

@MarkReese 5 месяцев назад

What do you mean?

@FlorenceUdokpon 5 месяцев назад

Great

@MarkReese 5 месяцев назад

💯

@calisingh7978 Месяц назад

Lame

@MarkReese Месяц назад

✌

@kazi1 6 месяцев назад

@MarkReese 6 месяцев назад

👋

@callmeNeno 6 месяцев назад

Awesome content!!

@MarkReese 6 месяцев назад

Thanks!

@JeffBaxterOfficial 4 месяца назад

Nice! When acquiring a business card using your social like this, will it show up on your personal credit report?

@MarkReese 4 месяца назад

With most cards from most of the big banks, no.

@bloodmooncomix457 2 месяца назад

Question! I have an LLC that uses freelance bakers for production and deliveries So far I've acquired 12 freelances willing to to work independently under the company's name Are they allowed to get credit under my LLC business name?🤔

@MarkReese 2 месяца назад

I can't speak for all banks or all the legal implications, but I did ask a rep from American Express. He told me that yes, you can add freelancers to your account by giving them employee cards as long as they have their own SSN or passport with them.

@bloodmooncomix457 2 месяца назад

@@MarkReese Thank you! Grateful as usual! 👊😌

@CERBERUS-gv6tn 4 месяца назад

Question I find myself the owner of 6 LLCs that didn't actually start the way I wanted it to bar in good standing 1. Mobile bakery 2. Power washing 3. Credit consulting 4. Debt purchasing 5. Micro credit lending 6. Homeless support service Your recommendation for est. business credit? 🤔

@MarkReese 4 месяца назад

Recommendation for...? A business card? For which business?

@CERBERUS-gv6tn 4 месяца назад

Yes All of them! Personal credit score is 720 thus far 5 accounts will be used for funding using the issued credit from each bank. And with the credit lending business, I'm going full time. Doable?🤔

@MarkReese 4 месяца назад

@@CERBERUS-gv6tn - If funding is the purpose, then you'd likely want to focus on 0% APR. Look into the Amex Blue Business Plus. Here's my affiliate link to learn more about it (scroll down, it's currently the 8th card on the list): markscreditcards.com/businesscards Be sure to take a calculated approach to funding a business via credit cards (i.e. have a sound plan for revenue generation).

@ogpinoyraider2749 5 месяцев назад

Very informative and helpful!!! Thank you so much!!! Always great content!!! 🎉🤙🏽👏🏽

@MarkReese 5 месяцев назад

Glad you found the information beneficial!

@CRSALSERO 6 месяцев назад

What about chase 5/24 will applying for a chase business card effect the 5/24 rule?

@MarkReese 6 месяцев назад

No. For Chase business cards, you need to be below 5/24 to apply & get approved, but if approved, your 5/24 count will not change. Example: You're at 4/24, get approved for a Chase Ink card, and remain 4/24 after.

@cheesemouse7774 3 месяца назад

Using your SSN will affect your personal credit report. Not what I am looking for. Thx.

@MarkReese 2 месяца назад

It could affect your score temporarily due to a hard inquiry. Beyond that, there's no effect with many of the larger banks because the small business cards do not get reported to your personal credit report.

@l.a.rivasesq.8841 6 месяцев назад

Do business credit cards appear in your online banking page with your personal credit cards?

@MarkReese 6 месяцев назад

With Amex, yes. With Capital One, yes. With U.S. Bank, yes. With Barclays, yes. With Chase, you'll need to create a separate business account, but you can combine it with your personal account later. With BOA, you'll need to create a separate business account, but you can combine it with your personal account later. With Citi, no.

@l.a.rivasesq.8841 6 месяцев назад

@@MarkReeseThank you very much for your thorough response!

@MrMeneya 6 месяцев назад

Thank you for all the information. I learned so much from your Chanel and I have a question, to apply as a sol proprietorship do I have to have a business account and if not do you recommend someone to open a business account before applying? Thank you so much for clarifying and in the next few months I will apply for few account and I would love to use your referral. Thank you and a good beginning of the week

@MarkReese 6 месяцев назад

No, having a business bank is not required prior to applying. It may help with some banks, but I don't have any data to back that up.

@courtneymarshall3591 5 месяцев назад

Watch It! Won't this get reported on your personal credit!? No good!

@MarkReese 5 месяцев назад

Most small business cards do not get reported on your personal credit. In fact, of the 17 you saw in the intro, none of them were reported on the personal side. That said, they could report if you default on payments.