badalou

I never said I didn't use my SS#. I have been doing business with wells fargo for 28 years.. You go in and show them your factious name documents and set up a business account and they will give you a business credit card. It was that easy.

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Dannyboy

Quote: Originally Posted by BoelenPython Dannyboy and Badalou, when you two get a chance, can you update on the american express and visa please? You say i am WRONG, I would actually love to be wrong in this case, I just am not sure I am. Like I said, Ive been doing this for 10 years and I dont know about these options unless the american express is corporate card and not small business which it cant be because you said you dont even have an EIN#. Ive called american express to double check, and they said its not possible, maybe I got a rep that didnt know what they were talking about which happens a lot. I would ask that you double check with the companies. And Visa, the only actual credit cards I know that dont need a SS# are home depot mastercard, keybank mastercard, smas club discover and all those require a business credit check and need to have a lot of business credit to be approved without SS#. So a Visa, that would be like a white elephant and Im sure many thousands of business owners would love to find out about this. I do appreciate your time. Thanks again.

Boelen,
I did not say your wrong, just recalling my experience. And again I don't recall giving my SS# to them. As it has been a number of years and with the current financial situation in this country, I would not be surprised at all if your info is correct.
We do have an EIN and a DUNS#. Also, we have one hell of an CPA who is exceptional at, umm, "bending numbers."
Best way for anyone to find out is to call the CC company you are interested in and ask. Chalk it up as experience.
Dannyboy

 

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Girlzndollz

I am registered as a sole proprietor and have an EIN. I did not go for the LLC as being the only one in the company, it gave me no extra protection from any liability, so I went along with the SP.

When I applied for my business Chase CC, I tried to do so without my personal credit being used. Nope, they were not having it. If I remember correctly, they were more interested in my SS# then my EIN#.

Before I called for that CC, I thought it would be a bit difficult to get since the business was new and had no credit history, but, apparently, my having almost 20 years of credit on file, made it a simple 5 minute process.

Another attempt to shield my personal life from my business venture gone awry. The card has my business name as well as my own name.

I think I remember I did not want to order one for my husband.

The SBDC guy told me if I put my husband's name on the business, he wouldn't qualify for unemployment benefits, since technically he would not be unemployed should he lose his job, he was still 'employed' with my company.

My original question leading to this comment was to find out what would happen if I build a successful company and die. Should I will it to my husband, or set something official up that it stays with the family, or would it be better to add his name to the company.

I found that to be an interesting news piece. Needless to say, he is not on the company paperwork, and now I can't remember if I ordered him a CC. I wonder if that could come into play. This means anther call to SBDC, .

Good luck with all your credit needs. Mine are simple for this and my other business, but this post has my wondering if I need a Dun #. I would think not, but now I will read up more on it.

Good post, and my situation is most similar to Lou's, simple credit - done simply.

 

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BoelenPython

Lou, I was responding to the original poster that the only major business credit card that can be had without personal garnty that I knew of was the amex "corporate" card, which usually requires 2+MM in revenue and an actual office. The amex small business card that you probably have (so do I) is different and anyone with a business can have one if they have good enough fico, and it does require SS# and personal garnty.

Sorry, if I was confusing. I have most of my accounts with wells fargo, they have been great to me, all their stuff is also personal garnty, but easy to get, they already had all my info from personal accounts, so when I needed business cards, all I had to do was give business name and sign something, very easy.

I didnt mean to say anyone was wrong, just that as far as I knew it wasnt possible and if anyone had a business card without a personal garnty, I would love to know about it.

Thanks guys for responding.

Cheers

Quote: Originally Posted by badalou This is confusing to me. Not sure what you are telling people. I am a sole proprietor and I have a American express business card and I don't do 2 million far from it. And my office is my home. I also have a visa business card as well. Where did you get that info. Because it is wrong.

 

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