What is the best business credit card to have? So, you want to be the best and you
want the best? I can agree. There are tons of business credit cards out there and they are not
all created equal. There are some really good cards and some crappier ones. I'm
going to tell you the truth on which ones are best so that you can get them now. Let's go.
I'm going to share with you 10 major credit cards, not just 1 or 2. This is Noelle. I'm going to give
you a lot so you can pick the best ones for you in your situation. I'm going to tell you exactly
what to say on the applications and still tell the truth. We don't want to do anything unethical or
illegal. And if you stay to the end, I'm going to tell you 2 companies that are new that almost no
one is talking about. So, there are some major benefits to business credit and business credit
cards. Let me tell you. I literally was so late to the business credit card game. I actually had bad
credit when I started in real estate investing. Some of you may know, I literally started my
real estate investing career from my parents' basement. I had bad credit because I had multiple
foreclosures. We had just filed bankruptcy and we had lost everything. So, when I got into real
estate investing, I did not have very much money and I had bad credit. So, I had to kind of climb
my way out of that terrible situation by starting to make money in real estate investing. I got me a
coach and he taught me wholesaling which literally did change my life. I was able to pay off my debts
and start to rebuild my own personal credit. I did so by paying down my debts, doing wholesaling then
I graduated to fixing and flipping and eventually, I got rental properties. But along the way, I did
not build my business credit. And I got hit major when I did start using my personal credit again.
Again, I was so late to the game with business credit and I just want to make sure that you guys
don't make the same mistakes. There are so many benefits that I now reap with all of my business
credit cards. I get rewards, I get points, I get cashback. And now, I'm able to avoid using
my personal credit and I only rely on my business and my business credit so that my personal credit
which is in the 700s stays very good, and my business funds all of my ventures.
It's amazing. I wish I would have known sooner which is why I'm telling all of you guys.
So, like I said, I'm a real estate investor. But tell me below and just kind of comment below
because I want to make sure that I'm helping you and giving you guys the right information.
Comment below and tell me some of the things that you're wanting to do with your business credit,
right? Below, what type of businesses you're starting, what you want to buy or what you plan
on doing with the funding. I want to make sure that I can help you not only get the funding
but tell you what to do with it so that you can maximize your business and get to millionaire
status. So, let's talk the secrets of business credit. When it comes to business credit cards,
there's this unsaid secret called the 5/24 rule. So you can get tons of business credit cards but
you have to be very strategic when you're doing it. Because in many cases, in the beginning,
they will check your personal credit score, you will get a inquiry on your personal credit report.
And so, many of the banks will look to see how many inquiries that you have.
And they will limit you to 5 inquiries in the past 24 months. We call this the 5/24 rule because it's
not advertised anywhere but this is what most banks go by. Especially banks like Chase and
City. They are notorious for the 5/24 rule. So, you want to be careful. And if you can,
get some business credit cards that you know will not give you a hard inquiry on your credit report.
Meaning, they did not pull your full credit in order to give you the business credit card.
If you can get a soft pull whereas they just check to see the profile of your credit report,
that will not result in a hard inquiry and you can actually get tons of business credit cards
really quickly. I'll share with you some more secrets on that. So, the best way to do this
and to start getting business credit cards is to make a decision and go after the ones that you
know are highly likely to get approved for. So, if you're first starting out and you have decent
personal credit, there's a ton of great business credit cards that you can go for pretty easily. My
suggestion in the easiest way that I have found in my students are finding is when they open up their
business checking account, many of my students are literally getting offers for business credit
cards right on the spot. Because they've already checked your personal credit to give you that
business checking account, many banks especially Bank of America are providing these businesses
with business credit cards. And the amazing thing is some of those limits are super high. So,
as you may only get like $1,000 from a capital one card, new businesses that have a decent personal
credit score are seeing 10, 15, 20 thousand limits right off the bat with a business credit card.
And you're able to get a 2 for 1. You get this business checking account and now you have a
business credit card to boot. So, go ahead and check with the bank where you have your business
checking account. A lot of the banks that I like to use are some of the mid-size banks.
One of my favorite banks that I'm really enjoying right now is Regions Bank. I know that they're
not in every single state. But if you have a Region's bank in the state where you are in,
they're one of my top recommended banks. I was able to get a $24,000 business credit
card right off the bat. Additionally, I've had students that have been able to do the same.
Bank of America, they used to not be so great. In fact, if you look at some of the older videos from
people from 4 and 5 years ago, they probably would have told you to stay away from Bank of America,
Wells Fargo, Chase, and things like that. But nowadays, there's tons of money for businesses.
And the banks have lots of money for businesses. As this is a new push for the economy. Businesses
are one of the major things that drive our economy, especially in the United States. And this
is a great time to take advantage of all of the money that is out there for businesses at those
banks. So, again, go to your regular bank where you have your business checking account and see
if you can get those business credit cards. Next, here are some of my all-stars. I absolutely love
the Chase business inc credit card. I have so many students and myself have 3 of the business inc
credit cards. It's an absolutely amazing credit card, and in many cases, you can get lots of
free months with no interest. This is a great thing to do if you want to transfer balances
or if you have some major purchases that you want to make for your business and not have
to pay any interest on them. You will need a 660 personal credit score in order to do this.
And they do follow that 5/24 rule that I told you earlier. So, beware of those hard inquiries.
Some other credit cards that I absolutely love. The American Airlines Aviator business card. Now,
remember there are 2 types of credit cards that they offer. So, it's American Airlines,
it's a mastercard. I actually have the personal one and the business one. I absolutely love the
business one because I travel a lot and I can get free flights free bags and fly people into
me for free. Another rising star on the business credit card world is the Capital One spark card.
Pretty much all of my students after 6 months to a year have been able to get this credit card.
They don't require a really high fico score. I don't know exactly what it is but i don't
think it's nearly as high as some of the other cards. Even if they only give you 2,000 or 5,000,
take it. Remember, you can call them back in 6 months, after 6 months of timely payments
and they will usually increase the credit limit. I literally started off with only 9,000. Not really
sure why since I had so many credit cards with much higher limits. But when I called them back,
they 3 times the amount. So, don't hesitate to get the card and use the fact that you can call them
back in 6 months and get the limits increase. I literally love the capital one spark card now
because it does offer cashback. Last but not least, the juggernaut and everyone's favorite
when it comes to business credit cards are the American Express business cards. Now,
these ones are going to be a little bit more difficult and you will need to have
your business for 2 years. Additionally, you will need to have a physical address for the business.
Yes, you can use a virtual address but it needs to be won with a physical address. So,
it's not going to be you know some of the cheaper ones that you can only get for $9.99 or $15.
You're going to have to have like a Regis or an opus or a real physical address in
order to get those American Expresses. However, they are awesome they have some of the highest
limits and they usually three times your credit limit every 6 months provided your personal credit
score stays intact. I have tons of these credit cards and I literally love, love, love my American
Express Hilton rewards business credit card. I have a limit I think of like $88,000 on that card.
And I am able to do so many things and the minimum payment is not crazy. Now, the American Express is
why everyone loves them is because they have super high limits, they're very flexible.
However, they do have a pretty large annual fee but you got to pay to play, and I do.
And as an honorable mention, this is a newbie to the field. The Navy Federal Business credit card.
If you have any access to be able to get into the Navy Federal Business credit card,
please take it. I don't know all of the ways because I wasn't able to get this until I was
able to find a student that could we partnered with their business and then we were able to get
a checking account with them. And then I got their business credit card. But it's absolutely amazing.
Many people that are in the armed forces or if you're related to someone in the armed forces
can very easily get a navy federal account and then you can get their business credit
card pretty much on the spot. Additionally, they have this amazing program where they will take
the money that you have in your account. They will collateralize that and I think they will
give you 10 times what you have. So, use it as an example. If you have $10,000 in an account,
they will give you $100,000 in your business credit. It's absolutely amazing and I had to
mention it. So, if you can find a way to get in with Navy Federal Credit Union,
make sure you do it. So, I have to mention this because I get it. Some of us have some credit
issues. So, let me give you some quick ones if you have some bad credit. But I actually have
made a complete video on how to get business credit if you have bad personal credit. Make
sure you check that video out. It has so many views and people are loving it. I spill all
the beans. But I'm just going to share with you two really quick ways if you have poor credit to
get some business funding now. There's a company called 5-star processing that will offer to you
business credit and a merchant credit card right on the spot. You literally can have a score as
low as 300 and they will give you a credit card in your business's name. It's absolutely amazing but
it will take a few weeks. They get inundated with so many applications. So, literally,
at the time of this video, it's almost a 3-week process to get that business funding. But again,
well worth it especially if you have bad credit. We also have as honorable mention, of course, is
PayPal credit. Their working capital is absolutely amazing and Square capital. You must have those
accounts set up as a business not personal. But they too will lend after just 3 months.
Okay. So, I have spilled all the beans. You have so much information, you are ready to go. Please
make sure you watch my videos, make sure you like this video. Subscribe to my channel. Click that
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single weekday. I am literally spending thousands of dollars teaching you everything that I know
because I want you to be successful. I want you to have all of the resources, all of the tools,
and all of the knowledge that you need to be successful. This is Noelle. To your success.