So what he didn’t mention was that for the Brex card you need to be making over 1 million a year in revenue. Have over 50 employees. Have more than 500k in cash. As of 7/22/2022
Thanks idk why these videos WHONT SIMPLY SAY U MUST BE IN BUSINESS 6mths to 2 yrs and all the rest I KNEE IT WAS A CATCH IS WHY I RAN TO COMMENTS I CAN GONE CLICK OFF THANKS A MILLION❤❤❤
You didn’t FULLY mentioned the requirements. Not only your biz has to be registered but they are looking for 1million in revenue, more than 50employees and more than 500k cash in account. Do your research people!!!
All business credit card requires personal guarantee except some gas cards . Do ur research please this video has good information . When In doubt go to ur local to your local bank and call the credit card companies
The Sam's Club Business Mastercard does not require $5M in revenue! There are dozens of people on RUclips getting that card and the others cards who do not have the revenue you state. When I get mine in a few months I will let you know.
@@sharitahall233 You have to go into Sam's Club to the customer counter. Be sure to emphasize the Business Credit Card. Have All your business documentation on hand including your tax Employer Identification Number (EIN). Be sure of the business address, phone(411 directory listed), professional email, and website (if you have one) are searchable. The only reason that I didn't get the MasterCard the first time was because my phone number was not listed in the 411 directory.
@@sharitahall233I applied in store and was routed to call the underwriting number. You do have to make sure your put your dnb number and other steps when applying to make sure you do it right
The more these business credit cards with no PG videos pop up. The less chance you will be approved. These banks are seeing these videos and are closing the window of opportunity.
Bro I literally just did the application and it told me I am not eligible because I don't make $1 million a year. Gotta let people know these things my time is money.
What would you recommend for a business that needs funding in order to scale? I am a new business but I use my personal money and would like to use business credit instead. I haven't made a sale yet.
@@stanleywilliams7535 no it doesn't, just tell them you don't want to pg it and don't put your social security number where it says personal guarantee. I have one and I didn't add my social therefore they can't pull your credit
we can use this card but you have to make sure that you always keep the receipt of payment of the cards every month. would you give me the link to apply this cards.
Just open a separate personal bank account for the business. Most people don’t realize a personal account, with a separate debit card, can be used to hold revenue for a sole proprietorship or even an Llc. If you’re an Llc, you can open a business bank account, although some bank’s charge for a business account.
@@calisingh7978 Brex started off as a tech company. They raise some much money 💰 in the first round and they pivot and now they are a wanna be American Express.
Yep. Saw another short where a person brought it up and someone commented saying that Brex required their business bank account to have a current standing balance of $50,000
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I really don't understand your logic. Why would you get a credit card that? You have to pay a hundred percent of it when the payment is due... The whole idea of credit should be in my opinion. Is to purchase things and pay it off over time? So you don't have to spend all of your personal or business money... If you have to pay the whole thing. When it's due within 30 days, you might as well just pay cash for it. Because all your money is going to be gone anyway. So you are giving people really, really bad advice and you should apologize
Video editing skills are LEGIT!
So what he didn’t mention was that for the Brex card you need to be making over 1 million a year in revenue.
Have over 50 employees.
Have more than 500k in cash.
As of 7/22/2022
Wow! Talk about fine print thanks!
@@2452dee I know right lol I was excited about this card until I got on the phone with them…
That all changed between the time he recorded the video and your comment.
Thanks idk why these videos WHONT SIMPLY SAY U MUST BE IN BUSINESS 6mths to 2 yrs and all the rest I KNEE IT WAS A CATCH IS WHY I RAN TO COMMENTS I CAN GONE CLICK OFF THANKS A MILLION❤❤❤
Really
The SVB card didn't age well
You didn’t FULLY mentioned the requirements. Not only your biz has to be registered but they are looking for 1million in revenue, more than 50employees and more than 500k cash in account. Do your research people!!!
SVB rejected me because my business had nothing to do with tech. Just a FYI that wasn't mentioned.
FYI the office depot does require PG
Watching you on 1.5x speed is a great pace.
Sounds like an infomercial lol
I’m a newbie and just Brex is cancelling all business account as of 8/15 did anyone hear about this, I was just about to apply
TREMENDOUS Value! I had to speed it up and play back 2x faster.
All business credit card requires personal guarantee except some gas cards . Do ur research please this video has good information . When In doubt go to ur local to your local bank and call the credit card companies
That intro made me subscribed
I would greatly appreciate it if you’d include info like where the cards report for business credit building. Thanks 👍
This video was extremely helpful. Thank you for making it!
The Brex paid daily card seems crappy for cash flow, am I missing something?
I have shell, you don’t need that amount of revenue, I didn’t have any when I got approved
We're you asked to provide cashflows?
The Sam's Club Business Mastercard does not require $5M in revenue! There are dozens of people on RUclips getting that card and the others cards who do not have the revenue you state. When I get mine in a few months I will let you know.
Got approved for one yesterday and didn’t even ask my revenue
I'm on it tomorrow... Thank you
Did y’all apply online or sent paper application?
@@sharitahall233 You have to go into Sam's Club to the customer counter. Be sure to emphasize the Business Credit Card. Have All your business documentation on hand including your tax Employer Identification Number (EIN). Be sure of the business address, phone(411 directory listed), professional email, and website (if you have one) are searchable. The only reason that I didn't get the MasterCard the first time was because my phone number was not listed in the 411 directory.
@@sharitahall233I applied in store and was routed to call the underwriting number. You do have to make sure your put your dnb number and other steps when applying to make sure you do it right
these 2 cards SBV & BREX are for tech companies
The more these business credit cards with no PG videos pop up. The less chance you will be approved. These banks are seeing these videos and are closing the window of opportunity.
doubt it. this info been around before youtube. it was in these things we call books.
Awesome information!
Great video man! Thanks!
No Brex cash account for small business any more - it´s shut down.
Bro I literally just did the application and it told me I am not eligible because I don't make $1 million a year. Gotta let people know these things my time is money.
Which one?
😂😂😂
that's correct, being honest having that revenue you don't need a loan or credit
😂😂😂😂😂
🤣🤣🤣🤣
I have a shells card and I don't make over 5 million dollars...
Ya about that Silicon Valley Bank card .. heh
Thanks for the information.
Thank you. You are Awesome. Love this episode.
learn how to build business tradeline.
What would you recommend for a business that needs funding in order to scale? I am a new business but I use my personal money and would like to use business credit instead. I haven't made a sale yet.
forex automation
You need a personal guarantee for the brex corporate card
Good stuff
Does a (small) business card get reported on your personal credit report? Do you have to provide any proof of income?
You don’t have to have revenue with Sam’s club
Sams Club Business Credit Card you don’t need 5M in annual revenue. I have it and speaking from experience
Is the only way to apply with a member ID, I don't have one? Thank you
Silicon Valley is the bank that crashed, right?
This channel is so 🔥!
You don't need 5 mil to get the Sam's you jus need 4-5 tier 1 accounts actually pretty easy to get
Shell business card does requires a personal guarantor and so does sam's club, also met all of the requirements for Brex but got denied
shell does not nor does sams store or their mastercard
@@brick8895 well which one is it?
It does require the guarantee
@@stanleywilliams7535 no it doesn't, just tell them you don't want to pg it and don't put your social security number where it says personal guarantee. I have one and I didn't add my social therefore they can't pull your credit
Dont you need like $50K in a business account to be approved by Brex?
Do you have to build your business credit first
yes
Sillincon Valley bank, is no more . other option?
and.... Silicon Valley Bank is no more...
we can use this card but you have to make sure that you always keep the receipt of payment of the cards every month. would you give me the link to apply this cards.
Just open a separate personal bank account for the business. Most people don’t realize a personal account, with a separate debit card, can be used to hold revenue for a sole proprietorship or even an Llc. If you’re an Llc, you can open a business bank account, although some bank’s charge for a business account.
@@charlottehyatt9601 I am going to the bank right now, thanks
I have had an account, thanks for your advice.
does this cards report to Duns and Bradstreet?
Brex Busines card is no good.
Why
They go by how much u have in ur business account to make sure you can cover the line they give you.
@@calisingh7978 Brex started off as a tech company. They raise some much money 💰 in the first round and they pivot and now they are a wanna be American Express.
@@TrEo2322 they told me I don't make enough. I was like duh, that's why I wanted a card to assist to come up
Yep. Saw another short where a person brought it up and someone commented saying that Brex required their business bank account to have a current standing balance of $50,000
Great Info! Thanks!
What does brex mean paid daily?
Vendor cards yes. actual cards you can use anywhere, no
105th like! Brex card, awesome information and share! Thanks for the great video (:
Yeah,
Nah, I would definable
Thanks for the info!
Brex has recently stopped doing business accounts
Wow how did you find this out? Also, I thought they were based on small business credit growth as well lol...
DID ANYBODY RECEIVE FUNDING?
Probably not 😂
do you have a brex referral code?
I love you for that and you deserve it
SVB lmao. Downside, the bank went broke.
hello y'all can anyone post verified results? there so many scams out there, any one ? thx community.
SVB is gone 2023 a shame.
Cool
As we be going bankrupt
#1didn't age well!
Why didn't you mention divvy?
(SVB) Aaaand, bankrupt
We got the same name lol
Brex going out of business
Silicon valley bank? haha. This didn't age well.
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I really don't understand your logic. Why would you get a credit card that? You have to pay a hundred percent of it when the payment is due... The whole idea of credit should be in my opinion. Is to purchase things and pay it off over time? So you don't have to spend all of your personal or business money... If you have to pay the whole thing. When it's due within 30 days, you might as well just pay cash for it. Because all your money is going to be gone anyway. So you are giving people really, really bad advice and you should apologize
At the time of this comment, you guys have 222K subscribers! How cool!🤍🤍🤍