How do you get unsecured business credit cards to grow your business, well in this training we're
going to talk about everything you need to know about unsecured business credit cards we're going
to talk about the best credit card companies out there who will help you get credit cards
even as they do business, we're going to talk about secret little known about business
credit programs that will help you get credit cards a hundred thousand dollars or even higher
as a startup business we're going to talk about how to get 0% rates and what to look at
to get the most rewards points from your unsecured business credit cards I'm even going to
show you how to get unsecured business credit cards without a personal guarantee and without a
personal credit check and along the way I'm going to give you my best tips and tactics to help you get
the most money and the highest approvals on these credit cards and if you stick around to the end
I'm going to get you access to our business credit building guide that gives you a step-by-step
process to be able to build business credit to get even more money for your business without a
personal guarantee and without a personal credit check we got a lot to cover so let's dive in.
So unsecured business credit cards look when we talk about credit cards almost all credit cards
are unsecured especially in the business space now in the consumer space, we're used to secure
credit cards that are typically used to initially help us build business credit, but secure credit cards
don't really exist in the business space instead what we have are net accounts or vendor accounts
so oftentimes vendors will offer net 15, net 30, net 45 type terms where you have 15 30, or 45 days to
payback whatever you're borrowing, but you're not going to see a lot of secured credit cards in the
business space, now you will see plenty of secured financing SBA loans, credit lines offered through
SBA even all kinds of asset-based lending like equipment financing inventory financing a lot of
that kind of financing has some kind of security involved some kind of asset is being pledged for
security, but for most credit cards in the business space they are unsecured but there's a lot of
things you need to know what's the difference between getting approved for a credit card that
requires a personal guarantee and liability and one that doesn't another important thing to keep
in mind is are you getting credit cards that report to the consumer credit reporting agencies
the business or neither, and what credit cards you really go after which ones are going to be
the best ones for use well let's unpack that and dive in. So when we talk about credit cards one of
the first things we need to know is where they're actually reporting we don't want to get business
credit cards that reports the consumer credit reporting agencies we want to get credit cards
that either don't report anywhere or report to the business credit reporting agencies and the reason
for that is is that your consumer FICO score 30% of it is based on your utilization what percentage of
your high credit limit you're using? So if you get credit cards for your business and they report on
your consumer credit reports then even using those credit cards can be devastating to your
credit scores, so by all means you've got to avoid any kind of business credit cards that report to
a consumer credit reporting agency or report to both consumer and commercial, so a perfect
example is the Capital One Spark card Capital One Spark card is a great business card but it
reports the business credit reporting agencies and the consumer, so every time you use that it
hurts your personal credit. So how do you know well the biggest way to know or the easiest way to
know is just ask if you just ask the credit card issuer where they report to you'll typically figure
out you'll typically find that they will tell you right then and there if they know, now if you ask
that question to somebody and they kind of stutter and they don't know you probably want to call back
or escalate and see if you can speak with somebody in underwriting who will have that
answer somebody that will know will typically say look here's who we use to pull credit to make the
approval decision and here's who we report to, and again by all means you've got to avoid anybody that
reports to the consumer credit reporting agencies now, it's okay if they report nowhere because then
you can use the credit nobody's seeing that history, so that actually could be a benefit in some cases
but preferably the best cards you can get report to the business credit reporting agencies either Dun
and Bradstreet Equifax or Experian commercial and the reason those are the best cards you can get
is that you're using those credit cards and other people can see your history so if I'm going to
spend $10,000 a month on Facebook ads I want other credit issuers and lenders to
see that I'm doing that because that helps them want to give me more money if I'm using
all of this money on credit cards that nobody can see how I'm using them then that means
other lenders and credit issuers aren't going to be as inclined to want to give me high approvals,
so you really want to get accounts that report to the business credit reporting agencies now the
other thing to keep in mind is are you personally guaranteeing these credit cards or not in almost
all cases if you're applying using your social security number and a credit check to get approved
you are supplying a personal guarantee and you're supplying a personal credit check well
multiple problems here personally first of all if you personally guarantee that credit card that
means you are personally liable for that debt if you ever default on that credit card even though
it's in your business name and used for business purposes they can come clean out your personal
bank account they can come after your personal assets such as your home, such as vehicles such
as stocks bonds anything to do with you personally is an asset that's up for grabs if you personally
guarantee so we've got to avoid that the other thing is we don't want the credit check we don't
want an inquiry on our credit report if we don't have to have one so in order to get credit cards
without a personal guarantee and without a personal credit check we have to establish
business credit first we have to establish our fundability and we've got all kinds of training
at youtube.com/creditsuite that teaches you how to do this you also want to get
some initial starter vendors places like Uline or Grainger that will give you credit when you
have none and report to the business credit reporting agencies once you have a handful of
accounts then you can start to get credit at all kinds of retailers like Home Depot and Lowe's or
Sam's Club Costco even Walmart and even Apple Best Buy a lot of these sources will offer you
business credit without a personal guarantee and without a personal credit check now when you get
to a point where you have about 14 accounts on your business credit reports that's when you can
start to get VISA cards MasterCard even American Express Cards again without the personal
guarantee and credit check and along the way you've gotten a lot of other kind of credit credit
including fleet credit and credited at all of those major retailers so if you don't mind giving a personal
guarantee and you're even a brand new business then you want to consider a program called credit
line hybrid. With credit line hybrid you can get approved for as much as $150,000 in
credit lines with 0% rates where you could take the cash out at 0% they
work for brand new businesses they're unsecured, so you don't need collateral you don't even need
cash flow there's no docs, so there's no bank statements or tax returns required for approval all
you need is good personal credit to get approved or a guarantor that has good personal credit, so
even if your credit's not good but you've got a family member a friend or potential investor
that's willing to let their credit be used to qualify you can use their credit to qualify
for credit line hybrid, so if you don't mind getting a personal guarantee in a credit check
then use credit line hybrid you can oftentimes get 5 to 8 times the amount of credit limits
and you would typically get if you're applying on your own, and a lot of these accounts report to the
business credit reporting agencies, so not only are you able to get 50 100 even 150,000 in funding, but
you're also able to build business credit at the same time and don't forget to follow those steps
to build your business credit our goal is to get you credit cards that are unsecured without the
guarantee and without the credit check. In order to do that we've got to establish those 14 accounts
on your business credit reports, so even if you use credit line hybrid to tap in and get these
unsecured credit cards from the beginning make sure you're building your business credit, so you
can get more credit cards without the personal guarantee and without the personal credit check.
Want more details on the exact steps to succeed grab our free guide at creditsuite.com/ein
that's creditsuite.com/ein and give us a call if you give us a call
for a free consultation we will get your business credit reports with the reporting agencies at no
cost. They'll cost you 250 bucks if you go to the bureaus directly we get them for you at no cost
we go over them with you and give you tips and tactics to improve and build your business credit.
We do a fundability assessment to help you fix the things that make you more fundable
and we also do a funding qualification to tell you all the loans and credit lines you can qualify for
right now, all that happens on our free consultation give us a call at 877-600-2487
that's 877-600-2487 for that free consultation you can also email us info@creditsuite.com or
you can schedule online at creditsuite.com/consult plus don't forget if
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on our next training where we talk about more cool ways to get money to start and grow your business.