Check out Tailor Brands and get 35% off selected LLC plans: tailorbrands.go2cloud.org/aff_c?offer_id=62&aff_id=8023 💳 Sebby's Card Picks: www.asksebby.com/credit-cards
You're wonderful you are helping demystify business credit and business definitions for most who are new. This video and everything you do is extremely helpful to the community. Sebby Rocks!
@@AskSebbyIt was a consultation with you that helped me get started with the game all those years ago! I’m grateful for all of the excellent content and info you’ve delivered. Keep up the great work! 🚪
🚪 Sebby, very informative video on getting business cards and setting up your business. I would like to get a couple of Ink cards. I don’t have any business cards yet. Any data points on if there are extra hoops to jump through at Chase for new SP’s with little or no income so far? Everything else is good, such as 5/24, credit score & history. I think if all my customers paid N15 or N30, I’d be thrilled.
Hey Sebby, what do you mean by structure? I understand the entity part, I think, entities are what you listed at the beginning,c- corps, partnerships, llc's, s-corps, npo, and co-ops. What do you mean by "Structure?" Thats the structuring of the entity, Yes? Thank You... Edit: Added c-corps and partnerships, forgot those 😄🤔
Sebby, you failed to mention that you need a credit score of 675 or better to qualify for these Chase Business Cards. Chase will check your personal credit. If your score is too low, what do you do?
Yes, a good credit score is essential for getting approved for good credit cards, regardless if it's business or personal. Work on improving your score first. ruclips.net/video/-syQSEZJeXM/видео.html
@@AskSebby True. I think you need to say that upfront and not get the hopes up so high for those with less than stellar credit. Tell them the score they need in the beginning of the video.
Ok but what about the rule that Business Card has to be used for Business expenses? I always follow that rule. Do banks actually not care though? For purposes of hitting SUB
🚪Started Business journey with AMEX Blue Business Plus. Looking forward to continuing it with Chase! Do you recommend any other Business card ecosystems other than AMEX and Chase for Sole Proprietors?
Chase and Amex tend to have more reasonable spend compared to the Capital One cards. Would go with Inks while you're still under 5/24 and then move from there.
I'm thinking about applying for Chase Ink Cash. Would it be a problem if I used it to buy lumber to hit the 6k faster? This would be my first business cc, so I'm not familiar on the rules. Do people actually use this card as a personal cc even though its a business? Does it get reported to the IRS?
🚪 I’m a contractor so I got some spend and I have the business Hyatt, CIC, CIP, CIU and that’s it. I want to get the Amex biz plat and gold and the SUBs are 190k and 150k is that worth applying for? Also if I want to get both SUBs should I get the gold first then platinum or the order doesn’t matter since it’s the biz side? One last thing… I absolutely appreciate you for the everything. Cause of you I’ve been traveling almost for free so THANK YOU!!
🚪I am a W-2 employee, but my employer requires US employees to fund non-flight travel expenses and seek reimbursement after your trip has concluded. I feel like applying for and using a business credit card for this type of business travel expense should be possible, but I've not found a definitive answer anywhere on if it's appropriate and, if so, how to accomplish it. Thoughts?
The truth of the matter, you do not need a business to get a business credit card. I use my american express blue business card for a lot of things. I don't believe the issuer cares what you use your card. Just that paying your bill.
So, in my case, would you just apply as a sole-proprietor business using your SSN and then use total business travel reimbursements from the previous year as the business revenue?
🚪I have a business credit card which I applied for with my SSN on the Business info section for buying and selling merchandise as I was just creating my company I did not have an EIN. Now I am starting as a contractor and would like to apply for a different credit business card. At the business section, can I apply for another credit card for a different business using my SSN or shall I wait for my EIN number first? Can it be approved if I use my SSN again? Thanks for your input
🚪 we have 3 businesses. 2 sole prop. And an LLC. And we basically have every ink card multiple times for each business. Some Amex biz cards. And Alaska biz. Looking to take a break from Chase for velocity. So may try for AA biz card.
Check out Tailor Brands and get 35% off selected LLC plans: tailorbrands.go2cloud.org/aff_c?offer_id=62&aff_id=8023
💳 Sebby's Card Picks: www.asksebby.com/credit-cards
You're wonderful you are helping demystify business credit and business definitions for most who are new. This video and everything you do is extremely helpful to the community. Sebby Rocks!
Thanks! :)
Seby bro is the real MVP
This video is a PRIME example of why AskSebby channel keeps GROWING❗💯
Excellent content, easy to digest, very informative 👌
🙌
This is the best video on business credit. Very detailed and I appreciate how you include references. Very legit!
Thanks! :)
Hey used to watch a lot of your old content, but I'm finally able to get into the game now. Do you still do card consultations?
That's exclusive to channel members. Not enough bandwidth to keep it open to everyone.
@@AskSebbyIt was a consultation with you that helped me get started with the game all those years ago! I’m grateful for all of the excellent content and info you’ve delivered. Keep up the great work! 🚪
Good information. Keep up the good work. ✌️👍🏿
Mannn so much fluff before the information…
🚪 Sebby, very informative video on getting business cards and setting up your business. I would like to get a couple of Ink cards. I don’t have any business cards yet. Any data points on if there are extra hoops to jump through at Chase for new SP’s with little or no income so far? Everything else is good, such as 5/24, credit score & history. I think if all my customers paid N15 or N30, I’d be thrilled.
Great information thank you for sharing your knowledge and experience.
W Sunday Sebby Uploads
I’m in Chase Jail. Only business card I have is the Wyndham Business Earner. I have the personal Amex Gold and Venture X. Where to go next?
Grab an Amex Business card or two they won’t count against your 5/24!
Hey Sebby, what do you mean by structure? I understand the entity part, I think, entities are what you listed at the beginning,c- corps, partnerships, llc's, s-corps, npo, and co-ops. What do you mean by "Structure?" Thats the structuring of the entity, Yes? Thank You...
Edit: Added c-corps and partnerships, forgot those 😄🤔
Sebby, you failed to mention that you need a credit score of 675 or better to qualify for these Chase Business Cards. Chase will check your personal credit. If your score is too low, what do you do?
Yes, a good credit score is essential for getting approved for good credit cards, regardless if it's business or personal. Work on improving your score first. ruclips.net/video/-syQSEZJeXM/видео.html
@@AskSebby True. I think you need to say that upfront and not get the hopes up so high for those with less than stellar credit. Tell them the score they need in the beginning of the video.
@@ronwilliams5907 that should be common sense.
Ok but what about the rule that Business Card has to be used for Business expenses? I always follow that rule. Do banks actually not care though? For purposes of hitting SUB
🚪Started Business journey with AMEX Blue Business Plus. Looking forward to continuing it with Chase! Do you recommend any other Business card ecosystems other than AMEX and Chase for Sole Proprietors?
Chase and Amex tend to have more reasonable spend compared to the Capital One cards. Would go with Inks while you're still under 5/24 and then move from there.
@@AskSebbyThank you. 👍
Hey Sebby, can I use a business card on personal expenses, but just don’t write it off as a business expense?
Thank you 🚪
I'm thinking about applying for Chase Ink Cash. Would it be a problem if I used it to buy lumber to hit the 6k faster? This would be my first business cc, so I'm not familiar on the rules. Do people actually use this card as a personal cc even though its a business? Does it get reported to the IRS?
🚪 I’m a contractor so I got some spend and I have the business Hyatt, CIC, CIP, CIU and that’s it. I want to get the Amex biz plat and gold and the SUBs are 190k and 150k is that worth applying for? Also if I want to get both SUBs should I get the gold first then platinum or the order doesn’t matter since it’s the biz side? One last thing… I absolutely appreciate you for the everything. Cause of you I’ve been traveling almost for free so THANK YOU!!
SEBBBYYYYY
Hellooo!
I built my credit score to 800 and American Express stays trying to get give me the gold or sliver card lol
What about people with l.l.c?
🚪I am a W-2 employee, but my employer requires US employees to fund non-flight travel expenses and seek reimbursement after your trip has concluded. I feel like applying for and using a business credit card for this type of business travel expense should be possible, but I've not found a definitive answer anywhere on if it's appropriate and, if so, how to accomplish it. Thoughts?
The truth of the matter, you do not need a business to get a business credit card. I use my american express blue business card for a lot of things. I don't believe the issuer cares what you use your card. Just that paying your bill.
So, in my case, would you just apply as a sole-proprietor business using your SSN and then use total business travel reimbursements from the previous year as the business revenue?
🚪I have a business credit card which I applied for with my SSN on the Business info section for buying and selling merchandise as I was just creating my company I did not have an EIN. Now I am starting as a contractor and would like to apply for a different credit business card. At the business section, can I apply for another credit card for a different business using my SSN or shall I wait for my EIN number first? Can it be approved if I use my SSN again? Thanks for your input
What do you mean wait for an EIN number. I got mine and I don't remember waiting. And it was free
Can I use my Chase Ink Unlimited card to pay for rent to hit the SUB? My business is reselling items online
Yes, if your building takes credit cards.
@@AskSebby thanks Sebby
This seems like an odd choice for this channel given AskSebby Business exists.
Debby if I use my social security card will that ruin my credit score
Sorry * Sebby*
You're still responsible for paying off the cards.
🎉
🚪 we have 3 businesses. 2 sole prop. And an LLC. And we basically have every ink card multiple times for each business. Some Amex biz cards. And Alaska biz. Looking to take a break from Chase for velocity. So may try for AA biz card.
Nice!
Second!
🥈
What if your side hustle generates very minimal income? Ex. Less than 1k in an entire year. Will that still qualify?
Absolutely!
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