- Centurion Member
- Posts: 321
- Joined: Mon Jan 02, 2012 1:21 am
- Location: Denver
Everyone's situation/relationship is different. When I went to Wells Fargo to open a checking and savings account for my business they just gave me a Visa and a debit card as a package deal. They based it on my credit profile, relationship with them, and my business. At the time I had no revenues when it was a start up. American Express also just gave me a credit card simply by asking. They based it on my relationship/profile with them. Again, no revenues were proven at the time of application. Wells Fargo obviously knows how much cash I am moving through them monthly, and American Express has history too.
Garage sale person getting a Visa? Maybe not so much. Typically what I have heard from many small business owners is that it is difficult to acquire business credit without a strong personal credit profile. A business partner of mine who is a realtor said he can't get an American Express business card, and had a tough time getting a local bank business credit card.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash
American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k
Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+