Can't get a credit card, what's the deal?

[Xanifur]

I cannot get another credit card, no matter what I do.

I always pay my bill, never late. I checked my credit report, nothing bad, no outstanding balances. Accounts in good standing.

How in the world do you get credit if no-one will give you a card to start out with? -- I applied for a business card, and a visa signature (probably know why i was rejected for the signature, not enough credit...)

But common, not giving a small business a small business a credit card?

I really want to separate my business from personal spending. Do you have any recommendations for cards you have that I might be eligible for?

[jasaunders]

Are you applying for these cards from offers you are getting in the mail or online?

The easiest way to get a credit card is to get it from the bank you have your accounts with. If you have a checking account with a bank, you are much more likely to be approved. While at your bank, they can usually tell you instantly whether or not you are approved and what your credit limit is.

[Nigami Enterprise]

Maybe your being to honest. Lie abit do you really think they actually check how long you have been in business ect.. For small credit they usually just add a whole bunch of numbers that need to add up to a certain amount of points.

[nnewman11]

Xanifur:

I have had the opposite experience when it comes to obtaining credit. As soon as I turned 18 years old (merely two months ago), I started an online business via Yahoo's Merchant Solutions. Since then, I have been offered several business credit cards from a variety of banks. I assume that they are affiliated with Yahoo. Ironically, I work at a bank, and to obtain business credit there, I will have to undergo so much paperwork. My advice is, do not get a credit card unless you really need one. If you do need one, don't be afraid to try a lesser-known company...and don't forget, alway read the fine print.

Good Luck!!!
-Nikki
owner of dresslike.net

[gambit]

I learn from my experience that banks give you money when you don't need it.

Just rely on your entrepreneural skills to make money rather than relying on the credit.

[jesterx]

hey dude cut all your damn credit cards up. I did this years ago and I have never looked back.

you do this and it will hurt for one or two weeks but soon enough you will realise that you were just buying junk anyways.

goodluck.

[cosmic123]

Yes if you stretch the truth a little you may get one but they are bad if you can pay cash do it

[TranquilSkye]

I agree that you shouldn't bother with a credit card. Cash is king. If you don't have the cash yet, be patient and creative. Or you could ask your parents or other relatives you're close with to invest in your business. Say they give you a few hundred bucks and you pay them back monthly until its paid back. They're your relatives so hopefully they won't charge you interest and even better, no paperwork

Good luck!

[Karen]

Cash may be king but it is rather hard to buy items online with cash. Cash also doesn't let you create a credit history.

If all you want to do is separate your business spending from your personal spending get one of those prepaid cards. They don't give you a credit report but if will allow you to separate the two for tracking your spending.

Karen

[Xanifur]

I learn from my experience that banks give you money when you don't need it.

Just rely on your entrepreneural skills to make money rather than relying on the credit.

I need my credit to order dropship products from my supplier online. It is so convenient, much better then faxing and writing checks for every order. All debits would be paid everyday via online. One of my suppliers do not accept debit cards for orders, or else that would be my first choice.

My measly $500 credit limit does not have the capacity to do many online orders (only 1 or 2) because of my products worth.

[silversurfer]

I'm confused. You have a $500 credit limit, have never missed a payment and are stuck at $500? What did your card tell you when you called them for an increase. What did you declare on last year's taxes, over or under $50k? My sister had a $500 card that inched toward $2k. When she turned 21 they upped it to $50k without her permission.

Pay off the remainder of your balance so you're zeroed out when you call them.

I keep my maximum consumer credit under $20k so I have space for potential home loans. I keep a zero balance at all times- it's key not to carry a balance at all. I got myself in a financial bind about 7 years ago, but I kept paying off the balance, $1100 per month and within 2 years my massive debt was gone.

Another tip is to pay the card twice a month- they love that. I have the money automatically withdrawn on the 1st and 15th.

SS

[Xanifur]

Anything bad about paying your expenses immediately? Like within a day, every time you accure a debit on your card?

Don't credit companies not like it when you pay on time, in full or is it a good thing to do? I can see not carrying a balance from month to month.

[silversurfer]

Anything bad about paying your expenses immediately? Like within a day, every time you accure a debit on your card?

Don't credit companies not like it when you pay on time, in full or is it a good thing to do? I can see not carrying a balance from month to month.

Don't confuse what credit card COMPANIES like and what the credit BUREAUS like. If you have a credit rating in the 700s that's good and multiple companies will make offers. That means no late payments of any measurable kind in the last 7 years. Now, I just talked to my credit card company, they raised my limit without asking and when I asked them to explain they said it was because I was paying twice a month for the last two years. The thing is that you can set up your bank to pay or set up your credit card to withdraw money, either or, and have them withdraw as little as, you know, $50 every two weeks and you'll never miss a payment ever. The computer will solve your laziness issues for you- not that you, yourself, need this advice, that was for the whole board.

there are probably dozens of websites with better, more authoritative info though, so take what I'm saying with a grain of salt and consult an expert.

[BOG]

Anything bad about paying your expenses immediately? Like within a day, every time you accure a debit on your card?

Don't credit companies not like it when you pay on time, in full or is it a good thing to do? I can see not carrying a balance from month to month.

They like you to carry a balance. Carry a balance and they will love you.

[jayk]

could it be that you making too many applications in a short space of time? sometimes thats a bad thing.