How to get a business credit card with poor credit? You may think that you are
doomed. So many people may have told you that. But that's not true.
There is a way. And I'm going to share it with you. L.et's go
I'm going to tell you the best credit card that you should get if you have poor
credit. I'm going to tell you the fastest way to get started and get a credit card.
And then lastly, I'm going to give you some insider tips that will help you get
business credit cards, business lines of credit and business loans. Okay, so the
first thing that you want to do is check your personal credit score. I know this
sounds like a super simple thing to do. But so many people think they have poor
credit and they don't even know what that means. I need you to go ahead and
get your free credit report. I'm going to give you a link below to my FICO.com.
There's a referral link below. Please use that. I know some of you guys love Credit
Karma and Annual credit report and some of the other ones. But this is a great
one I've had my experience of course with some of the others. But this is what
is working now and this is a awesome website to get a better picture of what
your true credit score is. And what's really on your credit. And this is going to
be one of the best free ways to do it. So, go ahead and pull your credit, look at it,
assess where you are and assess what you have, okay? When you say poor credit and
bad credit, what exactly does that mean? Are there trade lines? Are your credit
cards all used up? Do you have unpaid student loans like what is up there? You
need to know so that we can help you. Now that you have your credit score, you know,
hopefully you have at least a 580. That's not a really great credit score. But if
you have a 580 or higher. One of the best credit cards for your
business is going to be a capital one score card, okay? They have an amazing
credit card. Actually have the credit card. I didn't have really bad credit. So,
I think they gave me a pretty decent credit line. But people that I know like
over $10,000 when I say a pretty decent credit line on the credit card. But I
have people that have like a 585 score. You know, really low below 600. And they
were able to get a few thousand dollars from Capital One Spark. So, go ahead. That
is one of the best credit cards if for business that has... if you have
poor credit. The second type of credit card is going to be a secured credit
card. So, I know so many people are like, "Oh,
just me giving money." Yes, in the beginning, you may have to put $500." You
know, for example... And the great thing about it is with Wells Fargo secure
credit card, if you give them $500 or $1000, that is how much they will give
you a credit card for, okay? So, it's not like you lost anything. If you have $500,
you give it to the Bank Of America, in the security card and they give it right
back to you on a credit card. And that is now establishing your business. Now again,
that's a secured credit card, the personal one that I said from Capital
One is unsecured. So, obviously that's going to be the best option. But getting a
secured business credit card is a really good option. And don't don't laugh at it
and don't think that you shouldn't do it because you should. Another option and
thing that you want to do of course, you want to start establishing yourself as a
business. If you haven't already established yourself as a business, go
ahead and do that. Get the LLC, get the S-corp whatever you decide to do. Go
ahead and get the EIN number. And you know the basic business setup. If you
need help knowing what that is. I'll stick a link right here to a video where
it tells you all of the business setup. But again, assuming you have those things
and you're ready to go but you just have poor credit, but you have
everything that you need for the business, then PayPal business, Square
business and Kabbage, cabbage with a K. All three of those are offering out
business credit cards to people with poor credit. So, you don't have to have a
stellar credit record. You do not have to have a stellar personal credit score in
order to get these. Again, many of these are lower than 600 credit scores. And
they are offering these a business credit card. So, go ahead and make sure
though you have it set up as a business. Business PayPal, business square. So, here
is a secret tip so you do not get embarrassed. Because this has happened to
too many people and I do not want to see this happen to you. Please, please, please,
if you have poor credit, do not even waste your time going to the big banks,
okay? Besides, what I just told you with Wells Fargo and that secured card. You
really probably want to stay away from the Bank of America the chases in the
Wells Fargo's and the City Banks, those big, big banks, they have enough business.
They have really... You know, they get a lot of business from businesses,
okay? Way more than from individuals if you actually look at some of their
numbers and some of their profit margins. So, in other words, they're not
necessarily interested in lending a business that has poor credit. They have
major businesses like Apple and Microsoft and GE and all these other
companies that they're lending to. So, they're not interested in loaning to
someone with poor credit. However, if you go to the people that I told you to, they
are literally in the business. They have guidelines set up and programs designed
for people that have a newer business and that do not have good credit. So,
that's where you want to stay. You want to stay in that family of the PayPal and
the Kabbage and the Square and the Wells Fargo and then Capital One, that's where
you want to be so you don't get embarrassed. If you need any help with
any of this or if you need an advocate, if you need someone maybe to help you
through this process or even be an advocate for your business and help you
get some of these fundings with some of these lenders, please do not hesitate to
reach out to me and my company. We have credit specialists that would love to
help you if you have some questions or if you need some clarification or if you
need to be pointed in the right direction. We have that free of charge
for you. All you have to do is call the number. It's written here below.
888-479-4542. You can call that number 24/7.
Again, that's 888-479-4542. Again, if
you need any help with getting your business funded, we are here to help.
Again, not necessarily that we're going to lend the money but we can help you
through the process or put you in the right direction or help you get on the
right track. So, go ahead and reach out if you need that help. Please take a moment
to go ahead and like this video. Please subscribe to this channel. Make sure you
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all of the videos in this playlist. And you will be successful. To your success.