#1 Trick to Get Business Credit Cards WITHOUT a Business

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#1 Trick to Get Business Credit Cards WITHOUT a Business

Рет қаралды 146,473

Күн бұрын

Identity thieves love tax season. Protect yourself. Go to my sponsor aura.com/markr... to get a 14-day free trial. Click “Show More” to see Ad Disclosure.
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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

Пікірлер: 267

@MarkReese 4 ай бұрын

🚨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!)

@ErnestoPecson-z2p 8 күн бұрын

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 7 күн бұрын

@@ErnestoPecson-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 4 ай бұрын

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 4 ай бұрын

Correct. See 15:20 in the video.

@sexipinkice 4 ай бұрын

Wish I knew that before I applied. Thanks

@TammT51 3 ай бұрын

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

@heganobadi132 2 ай бұрын

Hello @@MarkReese please can you help .I'm thinking soon I want to apply for chase ink perferferd but I have one closed account from two years ago it was closed on 4/22 and I have 4 more active accounts do you think I'm under 5/24 or I'm I not under 5 /24 it's showing that my oldest account is 2/4 years

@shereviewsstuff4ya Ай бұрын

quite informative.

@TheSimpleDollarShow 4 ай бұрын

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

@MarkReese 4 ай бұрын

Sure is!

@PrimateProductions Ай бұрын

But you do have to have really good personal credit

@johnwilsoniii4757 4 ай бұрын

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

@MarkReese 4 ай бұрын

Make it happen! 💯

@ayushsheth2087 4 ай бұрын

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 4 ай бұрын

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

@_MrnoCAP 4 ай бұрын

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

@chrisbrown8748 4 ай бұрын

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

@MarkReese 4 ай бұрын

Thanks Chris! 😁👊

@Timotheos-td7mq 4 ай бұрын

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

@joetaylor6581 4 ай бұрын

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

@MarkReese 4 ай бұрын

Good luck on the application!

@letstalkdesign2869 3 ай бұрын

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

@MarkReese 3 ай бұрын

Fantastic, congrats on the $20K!

@wilfredpapaya4739 4 ай бұрын

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

@MarkReese 4 ай бұрын

💯👍

@shawn.credit 4 ай бұрын

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

@MarkReese 4 ай бұрын

Congrats!

@CERBERUS-gv6tn 3 ай бұрын

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 3 ай бұрын

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

@CERBERUS-gv6tn 3 ай бұрын

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 3 ай бұрын

@@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).

@thejokerspeaks 4 ай бұрын

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

@MarkReese 4 ай бұрын

😂

@DidIDoThaat 4 ай бұрын

Keep up the great work!

@MarkReese 4 ай бұрын

Thanks, will do!

@KENNEDYMENEZES 4 ай бұрын

Thank you Mark! Very valuable info.

@MarkReese 4 ай бұрын

You're welcome!

@TammT51 3 ай бұрын

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 3 ай бұрын

👍

@831piper 4 ай бұрын

Valuable information thanks

@MarkReese 4 ай бұрын

You bet 👍

@davidprasad65 4 ай бұрын

Awesome information. Thanks!

@MarkReese 4 ай бұрын

You're welcome!

@anthonywilliams9415 4 ай бұрын

Thanks for the useful information!!

@MarkReese 4 ай бұрын

You're welcome!

@Peteliao 4 ай бұрын

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

@MarkReese 4 ай бұрын

💯🍋

@jalabi99 4 ай бұрын

Literally, you do!

@chrisharton9725 2 ай бұрын

Hilarious 😂

@marksmith4512 2 күн бұрын

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

@cygen_divine1570 4 ай бұрын

Great content, subscribed

@MarkReese 4 ай бұрын

Much appreciated! 🥇

@lenniamartin 3 ай бұрын

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 3 ай бұрын

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

@davec2020 4 ай бұрын

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 4 ай бұрын

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.

@eli3726 Ай бұрын

Great info 👍

@espi100 4 ай бұрын

Thank you for this. Could you do AMEX too😃

@MarkReese 4 ай бұрын

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

@MarkReese 4 ай бұрын

Here are 3 of them... HH Business: kzfaq.info/get/bejne/l5h7hNRqqNLagn0.html Blue Business Cash: kzfaq.info/get/bejne/Z59zeJlhlcCdiJs.html Blue Business Plus: kzfaq.info/get/bejne/ech7nsqF0tDYgoE.html

@THABEATLODGE 3 ай бұрын

Approved!!

@MarkReese 3 ай бұрын

Congrats!

@sankofabey873 4 ай бұрын

Thank you very much for sharing 🤗🥰

@MarkReese 4 ай бұрын

You're welcome!

@theoperator9474 Ай бұрын

His backdoor is wide open

@johnwick860 4 ай бұрын

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 4 ай бұрын

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 Ай бұрын

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 Ай бұрын

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

@pauldurand3840 2 ай бұрын

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

@MarkReese 2 ай бұрын

Bummer. Did you find out the reason why?

@callmeNeno 4 ай бұрын

Awesome content!!

@MarkReese 4 ай бұрын

Thanks!

@ogpinoyraider2749 3 ай бұрын

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

@MarkReese 3 ай бұрын

Glad you found the information beneficial!

@bloodmooncomix457 Ай бұрын

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 Ай бұрын

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 Ай бұрын

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

@Rafa-wf1ex 4 ай бұрын

GRACIAS MARK LIKE YOUR VIDEOS ALL WAYS

@MarkReese 4 ай бұрын

Thank you!

@alphaomega9236 4 ай бұрын

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

@MarkReese 4 ай бұрын

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.

@Venturer788 Ай бұрын

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 Ай бұрын

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.

@cheesemouse7774 Ай бұрын

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

@MarkReese Ай бұрын

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.

@TheAndyzilla 4 ай бұрын

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 4 ай бұрын

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 4 ай бұрын

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

@davemTX2023 3 ай бұрын

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

@MarkReese 3 ай бұрын

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

@VICKIECARPENTER-zr1pt 2 ай бұрын

Thank you!🙂

@MarkReese 2 ай бұрын

You're welcome!

@InstructorWest 4 ай бұрын

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 4 ай бұрын

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.

@darreinwhitesr3813 14 күн бұрын

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

@MarkReese 13 күн бұрын

www.usa.gov/identity-theft

@nancycollier8054 3 ай бұрын

Thank you

@MarkReese 3 ай бұрын

Of course!

@RoyaltyMusicTV 3 ай бұрын

What if all your income is self-employed 1099

@MarkReese 3 ай бұрын

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

@ShangHungxxx 2 ай бұрын

No biz checking or savings required?? 😲

@MarkReese 2 ай бұрын

Nope!

@lonz0_0 4 ай бұрын

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 4 ай бұрын

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 4 ай бұрын

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

@jimmydavis4735 4 ай бұрын

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

@sanityseclipse-kgs4006 Ай бұрын

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

@MarkReese Ай бұрын

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: kzfaq.info/get/bejne/b6yEaJWVtN3dh4E.html Here's another: kzfaq.info/get/bejne/oMyZZrKLqsvZnqc.html

@deec.1358 4 ай бұрын

Immediately NOT approved.😢 So discouraging. Oh well, I’ll throw out that 15 USC 1691a which shows that it is unlawful to deny anyone credit, and is an adverse action.👌🏽💡

@MarkReese 4 ай бұрын

Did you find out the reason(s) for the denial?

@kerrybaird739 4 ай бұрын

I wonder if that works for businesses or just for individuals.

@burmy1552 2 ай бұрын

ECOA states that lenders must state the given reason for credit denial, not that it is illegal to deny credit.

@Danielrodriguez-sj1jd 3 ай бұрын

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 3 ай бұрын

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

@youtubemaster4282 4 ай бұрын

Can you use gross income PROJECTIONS?

@MarkReese 4 ай бұрын

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 2 ай бұрын

This is the question I was looking for. Thanks.

@iranie4981 3 ай бұрын

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

@MarkReese 3 ай бұрын

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.

@lenniamartin 3 ай бұрын

MAY Qualify May 🤦🏾‍♀️

@MarkReese 3 ай бұрын

Correct, there's no guarantee of an approval 👍

@juliem9508 2 ай бұрын

They do a hard pull on your personal credit?

@MarkReese 2 ай бұрын

Yes.

@lisamichelle5238 4 ай бұрын

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

@MarkReese 4 ай бұрын

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).

@shenoudabekheet8701 4 ай бұрын

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

@MarkReese 4 ай бұрын

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.

@anselmoribeiro736 2 ай бұрын

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 2 ай бұрын

I don't. Good luck though!

@marvrus 4 ай бұрын

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 4 ай бұрын

Not that I'm aware of.

@DouglasJamesEatingShow 3 ай бұрын

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 3 ай бұрын

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.

@jacquelynorta1732 4 ай бұрын

What credit score is required????

@MarkReese 4 ай бұрын

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

@topofall1992 Ай бұрын

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 Ай бұрын

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

@topoftheworld4535 4 ай бұрын

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

@MarkReese 4 ай бұрын

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

@topoftheworld4535 4 ай бұрын

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

@MarkReese 4 ай бұрын

@@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 4 ай бұрын

@@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

@adamrobertson4177 4 ай бұрын

Do you need an account with the banks

@MarkReese 4 ай бұрын

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

@MrMeneya 4 ай бұрын

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 4 ай бұрын

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.

@fig6paq 4 ай бұрын

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

@MarkReese 4 ай бұрын

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

@zraverbalizeradio1978 26 күн бұрын

What if it’s a Trust?

@MarkReese 26 күн бұрын

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

@travelwithmarcos 4 ай бұрын

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

@MarkReese 4 ай бұрын

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.

@gelin860 4 ай бұрын

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

@MarkReese 4 ай бұрын

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

@MATTOxxx69 6 күн бұрын

Yes it will show up on your personal credit your using your ssn

@MarkReese 5 күн бұрын

What are you referring to by "it"? The hard inquiry? The newly opened account?

@MATTOxxx69 3 күн бұрын

@@MarkReese your using your ssn so ANYTHING YOU DO IS CONNECTED TO IT.. the whole purpose of an llc or anything using and EIN IS NOT CONNECTED TO YOUR SSN ..EXCEPT WHEN YOU OPEN A BUSINESS ACCOUNT AT A BANK AND THEY HAVE TO USE YOUR ssn for your initial loan if one decides… and how are u gonna use the credit card ? If you have no business using legally can’t use the card for personal use. I’ll educate you a lil more…. U can’t use a business debit card to draw yourself cash!! It’s illegal the only way is to write yourself a business check and cash it. Anyone that connects their house , personal phone, personal bank account etc.. should not even have a rhetorical a business card or credit or anything

@MrDoubtful42069 4 ай бұрын

Does this pull from your personal credit?

@MarkReese 4 ай бұрын

Yes, see 15:37 in the video.

@jerryRp90x Ай бұрын

Magicians?

@LOVETOBEWITHYOU60 4 ай бұрын

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

@MarkReese 4 ай бұрын

In nearly all situations, yes.

@AskRemy 2 ай бұрын

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 2 ай бұрын

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

@allstarquez5699 4 ай бұрын

is the spend audited?

@MarkReese 4 ай бұрын

In my experience, no.

@courtneymarshall3591 4 ай бұрын

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

@MarkReese 4 ай бұрын

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.

@AM-nm1oe 4 ай бұрын

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 4 ай бұрын

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 4 ай бұрын

@@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 2 ай бұрын

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

@brittanybrown5551 4 ай бұрын

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

@MarkReese 4 ай бұрын

What do you mean?

@ulisescastillo285 4 ай бұрын

Thanks let see what happen😅

@MarkReese 4 ай бұрын

💯👍

@supremeoriginalzmusicgroup3120 3 ай бұрын

Can I get personal help?

@MarkReese 3 ай бұрын

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

@jeremy8829 28 күн бұрын

Point or benefits of a business card?

@MarkReese 28 күн бұрын

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 27 күн бұрын

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

@MarkReese 27 күн бұрын

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

@realityrealestate5755 2 ай бұрын

Your wrong it selects run number. That's what you want because that's business. All you need to do is get your business ein number !

@MarkReese 2 ай бұрын

What do you mean by "it selects run number?"

@MONCHTER23 4 ай бұрын

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

@MarkReese 4 ай бұрын

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 4 ай бұрын

Do not co mingle funds.

@l.a.rivasesq.8841 4 ай бұрын

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

@MarkReese 4 ай бұрын

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 4 ай бұрын

@@MarkReeseThank you very much for your thorough response!

@miguelfranco6096 17 күн бұрын

I tried it and didn’t work

@MarkReese 17 күн бұрын

What didn't work?

@miguelfranco6096 17 күн бұрын

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

@miguelfranco6096 17 күн бұрын

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

@MarkReese 17 күн бұрын

@@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.

@JeffBaxterOfficial 3 ай бұрын

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

@MarkReese 3 ай бұрын

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

@CRSALSERO 4 ай бұрын

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

@MarkReese 4 ай бұрын

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.