Considering your young thin personal history, I'm going to throw out the Amex Blue Business Cash... no AF, 0% for first 12 months, 2% CB up to the first $50k spend annually (then 1%). They can be very generous with limits, CLIs and future SP (most of the time) approvals on additional cards and other products that might interest you.
I can't recommend Cap One. I don't believe business credit should be reported to personal and all but one ( I think) of their cards reports to personal. You may be disappointed with the SL from them too.
A couple thoughts...Chase cards do not report to your personal CRAs but I'm unsure about likelihood of approval (someone else may need to chime in on that):
Chase Business Preferred ($95 AF) gives 3x on:
- Shipping purchases
- Advertising purchases made with social media sites and search engines
- Internet, cable and phone services
- Travel
Chase Business Unlimited ($0 AF) gives you 1.5% on everything
SL's may not be the highest though, however it seems that CLIs are relatively fast and generous with good levels of spend.
honestly, get an Amex personal card so you can get future Amex business cards with no HP, and to bolster your personal profile, you'll need/want more cards
@Ack226 wrote:
@GZG wrote:honestly, get an Amex personal card so you can get future Amex business cards with no HP, and to bolster your personal profile, you'll need/want more cards
Does Amex work like that both ways? If I'm approved for a personal card I don't get an HP when applying for a business card. Or, if I get a business card first then there's no HP for personal cards after that?
no, you have to have a personal card to stop being HP'd on business cards
until you get a personal amex card, all business apps will be a HP
I would also consider the GM business card, no HP unless you accept the offer, 12 months 0% apr
@GZG wrote:
@Ack226 wrote:
@GZG wrote:honestly, get an Amex personal card so you can get future Amex business cards with no HP, and to bolster your personal profile, you'll need/want more cards
Does Amex work like that both ways? If I'm approved for a personal card I don't get an HP when applying for a business card. Or, if I get a business card first then there's no HP for personal cards after that?
no, you have to have a personal card to stop being HP'd on business cards
until you get a personal amex card, all business apps will be a HP
I would also consider the GM business card, no HP unless you accept the offer, 12 months 0% apr
Wow. I never knew that.
@Ack226 wrote:I'd like to get a cash back business card for my business expenses. A solid 2% cash back would be nice. Extra cash back on Online Advertising spend would be even better. I'm hoping for a decent credit limit to start out so I can run all of my business spend through it without micromanaging.
I'd prefer one that reports to business only, but I'm fine with personal reporting if needed. Most important considerations are cash back, very good change of acceptance, decent starting credit limit.
I want to apply for something with a very good chance of accepting me so I don't waste an inquiry.
Personal credit: FICO 746, credit history: One 9 month old Discover card with $2000 CL. No late payments, no other lines of credit. 1 inquiry in last 12 months (declined Amex application). Good annual income, no house payment (own house).
Business credit: Business is an LLC that's 9 years old with solid profits. Net 30 credit lines with 2 vendors with 1 or 2 year histories. All paid on time.
Any recommendations on which card I should apply for would be great. I've been looking at the CapitalOne Spark 2% cash back, but not sure it I'll qualify. Also, I understand that some cards give higher bonuses on Online Ad Spend, which would be a big bonus for us.
Thanks!
Two great 2% cash back cards are the Amex BBC, mentioned above, and the FNBO Evergreen Business Visa card, which -- unlike the Amex card -- has no cap. The FNBO card gives you an extra 1% each year that you spend $10k. So if you were to spend $10k in a year it could actually be a 3% card.
Another 2% card is the PayPal Business Mastercard, which gives you 3% on PayPal spend.
I think you would be approved for any of the above.