Searching for no personal certify business credit cards can be like looking for a needle in a haystack. Let me be the first one to tell you that the credit card issuers for these types of cards do not advertise! Only the most creditworthy small businesses qualify and receive a pre approval invitation.
Some credit cards like the Sam's Club search for business catalogue will waive a personal certify if your business has less than million in each year sales or revenues or is less than 2 years old or has fewer than 10 employees. Now if you're designated as a sole proprietorship or partnership then you automatically disqualify and must provide a personal certify for this card. That should give you all the more imagine to integrate your business.
Credit Cards For People With No Credit
With well over 500 business credit cards to select from only 40 will de facto expand credit to businesses without requiring a personal guarantee. But let me remind you that regardless of what you've read or heard it takes much more than plainly generating a paydex score to qualify for these cards let alone be invited to apply.
Recently I wrote an report about the myths surrounding corporate credit and the 80 paydex score was ranked #1. The imagine was that only having four catalogue types on your file that generates a paydex hardly qualifies your business as creditworthy in the eyes of these no pg credit card issuers.
As ensue of this misinformation it's easy to get frustrated and just throw up your hands and say there is no such thing as corporate credit cards without a personal guarantee. Wrong!
Want proof?
Well, I just listed the Sam's Club search for business card and there's also the First Equity card to name a few. One of the things I like about the First Equity card is they report your card as a business line of credit to the business credit bureaus which looks very good on your profile.
It's not locating the cards that are difficult when you have access to the right source like the business Credit Insiders Circle where it provides the no personal certify business credit cards to members after they perfect a business credit manufacturer system.
The question lies in getting business owners to understand what it takes to qualify. The other day I received an email from a business owner boasting about his 80 paydex score asking for a list of my no pg business credit cards. The first thing I asked was what types of credit has he established in the business name and what was the top limits being reported.
It was no surprise to hear that he was only listed with Dun & Bradstreet and had 5 certain trade lines with the top credit limit of 00. He was by all means; of course not in a position to apply for a no pg card and it was apparent to me that he read from someone else source that all you need is a strong paydex score.
This brings me to someone else point in qualifying for credit cards without a personal guarantee. Having only a Dun & Bradstreet file is like having only one personal credit file with the credit reporting agencies.
Same thing applies to business lenders and credit card issuers. You can qualify for a business credit card with no personal certify but to be thought about a credit worthy business you must make a strong credit file with the three main business bureaus. This includes a good blend of credit like seller credit lines, a business loan, lease credit and revolving credit.
Have You Been looking For No Personal guarantee business reputation Cards? Credit Cards For People With No Credit
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