REQUEST CREDIT INCREASES WITH YOUR INSTITUTIONS OFTEN.
WHEN OBTAINING UNSECURED FUNDING, LENDERS TEND TO REVIEW YOUR HIGHEST CREDIT LIMIT ISSUED BY OTHER LENDERS.
WHEN DETERMINING YOUR LIMIT FOR A NEW ACCOUNT,
IT IS OFTEN SEEN FOR LENDERS TO EITHER MATCH OR DOUBLE YOUR HIGHEST CREDIT LIMITS.
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HIGHLIGHTS
-Intro APR + AmEx Membership Rewards
Recommended Credit
690 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
The American Express Blue Business Plus Credit Card offers excellent flat-rate rewards for a $0 annual fee. It's a great option for those with small businesses or side hustles who prefer American Express Membership Rewards points over cash back. Each calendar year, you'll earn two Membership Rewards points for every dollar spent on the first $50,000 in purchases, and one point for every dollar spent after that. A solid introductory 0% APR period is also available.
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BUSINESS FUNDING | TIER: 3
U.S. Bank
Business Triple Cash
HIGHLIGHTS
-Intro APR + balance transfers
Recommended Credit
690 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
With the US Bank Business Triple Cash Rewards World Elite Mastercard, you get a little bit of everything.
This cash back business card has a strong welcome offer, a long intro APR period (which includes balance transfers), and a high rewards rate on business-friendly bonus categories. It also includes a $100 statement credit for recurring software subscriptions and up to 5% back on certain travel expenses booked through U.S. Bank's travel portal.
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BUSINESS FUNDING | TIER: 3
CAPITAL ONE SPARK
BUSINESS CASH SELECT
HIGHLIGHTS
-Cash back (flat rate) + sign-up bonus
Recommended Credit
720 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
This business credit card provides 1.5% cash back on all purchases, with no bonus categories or rewards caps to contend with, as well as a welcome bonus.
A good option for entrepreneurs looking for a cash-back card with no annual fee and no foreign transaction fees. Choose a more rewarding option if you don't intend to use the card for international purchases.
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BUSINESS FUNDING | TIER: 3
Bank of America
Business Travel Rewards
HIGHLIGHTS
-Travel rewards with no annual fee
Recommended Credit
720 - 850 (Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
The Bank of America Business Advantage Travel Rewards World Mastercard credit card is a good option for small-business owners who travel, as it offers solid rewards for a low annual fee of $0. And the rewards could be best in class for those who keep a certain amount of money in eligible Bank of America and Merrill business accounts.
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BUSINESS FUNDING | TIER: 3
Bank of America
Business Advantage
HIGHLIGHTS
-Cash-back boost (up to 75%)
Recommended Credit
720 - 850 (Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
the Bank of America Business Advantage Unlimited Cash Rewards Mastercard
is a good option for company owners seeking straightforward,
manageable cash back. particularly if you currently use Bank of America for business checking. This credit card for businesses provides 1.5% cash back,
without restrictions or expiration dates, on all purchases.
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BUSINESS FUNDING | TIER: 3
American Express
Business Gold
HIGHLIGHTS
-Automatically earns 4X points
Recommended Credit
700 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
The American Express Business Gold Card makes an effort to be a useful companion for entrepreneurs whose spending habits can vary greatly from month to month, but there are other options that offer a similar rewards structure without the hefty annual fee.
The card automatically earns higher rewards in the two categories where you spend the most money each month (from a list of six). There is no need to opt in or select your categories, which is a welcome change from cards that necessitate more active management.
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BUSINESS FUNDING | TIER: 3
American Express
Business Platinum
HIGHLIGHTS
-Welcome Offer
Recommended Credit
700 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
If you travel often for your business, The Business Platinum Card from American Express is a stellar choice for making trips easier
and more rewarding. Used right, the card can make up for its steep $695 annual fee while providing generous rewards for travel spending and a suite of perks that road warriors will appreciate. It’s an ideal business credit card for those who spend a lot and expect a lot.
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BUSINESS FUNDING | TIER: 3
American Express
Business Plum
HIGHLIGHTS
-Payment Flexibility for Business
Recommended Credit
700 - 850 (Good - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
CORPORATE UNSECURED CREDIT CARD
The American Express Plum Card does not have a set spending limit. While this does not imply unlimited spending, it does mean that your purchasing power is more flexible than it would be if you had a set limit, as with a credit card.
It also does not permit carrying a balance from one month to the next. When you receive your statement, your balance is usually due in full. However, The Plum Card® from American Express stands out in this regard.
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You need
at least 3 - 6 Funding accounts reporting on your business credit reports to qualify for the accounts in the next tier.
Please scroll down to apply and make purchases with accounts that report to the business credit bureaus if you have not already.
Keep in mind the items discussed in Step 2 so that you can have the best success in approvals with the below accounts and success with them reporting.
APPLY WITH
1-2 ACCOUNTS
When applying for unsecured funding make sure you use your correct business information as it matches on all of your business records.
To make sure your accounts report Positive, make sure your payment is made on the statement due date rather than just the due date.
It typically takes 30-60 days to complete this step and for your payments to report on your business credit reports. Continue to search your reports regularly so you are aware when they start reporting.