I'd been dragging my feet on applying for a business card for a while. I've been waiting for the Wells Fargo Singify Cash that's supposedly about to be announced for several months now. After doing my taxes last week, I realized that having my sole prop biz expenses paid out of separate accounts is really the way to go.
I went with Citi Costco because I wanted a card that I was at least 80% sure I'd get approved for. I would have rather got an SUB or more flexible rewards, but I'm happy with 4% cash back on gas, which is probably my biggest biz spend category.
(I had burned Citi maybe 16 years ago for less than $1K. I was denied for the Citi Premier and Custom Cash, but I figured my profile had improved, and my chances of getting approved for a co-branded card were greater.)
After an excruciating 15 seconds or so of waiting, I was approved with a SL of $7200, which is better than what I was expecting. And it's nice to be back with Citibank - maybe not the best bank, but one I've got some nostalgia for (my first card was with them).
Stats: This is my first business credit account, so I'm only giving personal account info. Equifax was pulled. EQ FICO 8 was and still is 725, inqs were 0/6, 1/12 and 6/24. Average account age is 3 years 3 months, AoOA 10 years 6 months, 19 revolving accounts, 17% utilization. New accounts: 0/6, 2/12, 10/24 (last personal account opened 9 months ago). Reported business revenue $53K, which is on the conservative side.
Maybe I'll apply for the Wells Fargo Signify Cash when it eventually comes out - I already have 2 cards with them. I might also wait: the DPs I've seen on Reddit for Autograph Journey has me concerned that my velocity over the last 24 months might be too high for them.
