Who can name the 3 movie/song references I made when filling out the business credit card application? I guess I think that I’m funny 😂 Links To Top Business Cards Here: 💳 Chase Ink Unlimited: danielbraun.me/Ink-Unlimited 💳 Chase Ink Cash: danielbraun.me/Ink-Cash 💳 Amex Blue Business Plus: danielbraun.me/BlueBusinessPlus
I applied for my first ever business card today (Amex Marriott). Took your advice, followed your suggestions and was approved with a nice $25k credit line. Thanks for the info buddy!
I never realized what I was missing until I applied for my first business credit card. In my opinion, this is really the cheat code to getting upsized value from the credit card game. As long as you can meet the (usually) higher amount of spend required to hit the welcome bonuses on these cards, the rewards you get for doing so is pretty insane. This was a really comprehensive guide that'll help a ton of people out, so great work on it as always man!
Yeah these business cards unlock so much more from the credit card game and so many people can get approved with them. Thanks as always for the support Spencer!
We do about 150000 a year are we within the income amount that would let us get a card with a high enough limit to start remodeling our shop we are so tight room widlse I can't see us making more until we can get a few hundred more sqft t I work and store customers equipment
Believe it or not, I was afraid to apply for a business credit card a few years ago. I remember when you applied for one of the Chase Ink business cards a few years ago (was it the Ink Unlimited? I can't remember which one 😂. Fast forward to the end of 2022, I applied for my first business credit card with Amex and was approved for the BBP! Then a few months later, I went with the Chase Ink Cash and was approved again. I definitely value not having my business credit card balances reported to my credit report. It helped me to finance a new Mac Studio, that I have the cash to pay in full, but with interest rates well over 4% APY, i'm holding onto that cash during the 0% intro APR period.
I get the sense WAY more people can apply for business cards than they think can. It’s really not as exclusive as people think. My wife got approved as a sole prop with zero years in business and zero income. And business cards have HUGE value. Great video Daniel!
100% agree! So many people can get approved and the fact that Chase applications have that auto-filled field for sole props should hopefully show that more people can apply. Thanks for watching Ethan, appreciate it man!
I payed for a semester of classes on a business card as a sole prop and instantly cleared the signup bonus. As covid happened I forgot about the card and it closed out over inactivity once I was ready to actually use it for its intended purpose.
Business Credit Cards are soooo huge that can basically take the rewards you already getting from personal Cards and then really opening the floodgates to the amount of rewards you can get from business Credit and the flexible points currencies that come from that. Just got my first card- Hilton Honors Business and excited to get some others like the AMEX BBP as well. Great point though in that business Cards are so much more accessible than most people think. Great video Daniel!
Great content Daniel. I want to start some rewards and like the Chase family and plan to add a card every six moths for sign up bonuses. Should I start with a person or business card, have not opened a new card in 2-4 years? Also, where is the best site to find the limited time deals where extra bonuses are offered? Right now not sure if 60K sign up points are avg/good or great.
Great video! Loving my BBP right now and I’m hoping that as my business grows I’ll be able to take advantage of some of the higher SUB that some of the chase cards have. Can’t quite hit those spending requirements right now so not worth adding them to my wallet.
Great video on this subject! My Capital One Spark does *not* report to my personal credit btw. But I believe the product that I have is not offered anymore. I did read on MyFico board that they report to personal credit these days, and only that disqualifies Capital1 in my eyes for any new business card in the future.
Thanks so much for watching Ori, I'm glad I was finally able to make this video! And yeah maybe it varies on older Capital One cards but as far as I know now it's new cards from them that do report to personal credit.
What about if I genuinely don't have anything that qualifies as a business and I don't have time or energy to go for side-hustles because I'm a college student?
The Chase Quadfecta/Superfecta with the use of the CIC to buy gift cards for 5% then using the gift cards to buy groceries, dining, and utilities makes it better than the Amex trifecta.
Got my 5th Business card last month and for the first time ever, Amex asked me to send in 4 months of Business Checking Statements... They made sure to specify Business Checking. They may be getting strict on approvals.
I was approved for Hilton Honors Business on May 13, met SUB last week, applied and was instantly approved for BBP last night. Amex hasn’t reached out to me about business checking.
Hey, big question. I live in the UK but selling in the USA on amazon and ordering from Alibaba, what kind of business card should I use? Most business credit cards require resident proves? Please
What’s the point of Business credit? Outside of a publicly traded company, any bank will force the business owner to back the loan with their personal credit.
The purpose is to not have the high business utilization show up on your personal credit report therefore tanking your personal credit score. It also makes it much easier to keep your business spending separate from your personal spending. The reason why you should do that is when you do your taxes you don’t have to try to remember what was personal spending that you should not try to write off as a business expense . Yes you are still personally responsible for the business debts and rightfully so since you’re the one running the business.
Not my experience with Chase Bank. They would not allow for me to use my EIN, they only wanted my SSN. But hey that Debit Card is great (sarcasm)! At the time my FICO score was 758. Discrimination at its best with 150K in their Bank. WOW!
hey i know this video has been out for awhile, i’ve been watching your vids for a good time now too as of recently on two different accounts and being subscribed:). quick question though. if i get the ink chase card and don’t have a sapphire card would i be able to transfer points from the unlimited freedom card and the flex one ?
I want to start a pressure washing business but don’t have to money to get all the equipment to do it properly $5,000-10,000 give or take. Can I get a business card to get the equipment and everything to start recouping the money? If not what’s the best way?
You can use a business credit card to buy all the equipment but you have to make sure you can make profit quick enough to start paying back those credit card bills
I haven’t found a direct answer in any other video or online so if you can answer that’d be great! My question is I saw somewhere that Amex cards affect credit history differently in that when you apply for whatever amount of cards, they all start at the oldest date of your first card; is this true? For ex. If I got an Amex blue cash in 2012 and then next week I get a Amex gold then would my avg. length of credit increase since the gold would “inherit” the older credit history of 10+years? Or is that wrong and Amex is like all other cards where the new credit line would knock down the avg age of credit? Thanks for your help!
Amex works like any other credit card issuer. I currently have 10 Amex. The date they report on your credit is the day that you're approved. You do not inherit the time from the first card
While applying for Amex business credit card they don't provide any option for LLC. They only have 3 options which are Sole Proprietorship, Partnership and Corporation. Can you help me how to apply for Amex Business Plus Card?
Would the IRS learn that I started a side hustle by doing this application? Didn’t plan on separating out the tax stuff yet, was just gonna say it’s all personal. Also do you think I’d have no issue getting an employee card for my wife, even as a sole prop with just an SSN? I do want to have a player 2 on my card, but don’t have an EIN thing going. Specifically for the BBP. Was thinking of applying this week. Very timely video. I don’t really have revenue yet but have been doing school and other preparations before I start freelancing.
So even if you just do the side hustle all under your name then you would just report any profits or losses from that under your personal returns anyway. They're not going to tell the IRS that you opened a business credit cards because that could mean anything - the IRS is mainly concerned about whether you owe them money for taxes. For the employee cards you should have no problem adding employee cards if you want to because that's a feature many cards have. You as the primary account holder are still ultimately responsible for purchases on employee cards, so from the Amex point of view there's not much that changes. Hope that helps!
Daniel- Have you considered examining credit unions and their associated credit cards? Alliant Credit Union offers many of the qualities of the banks that you like.
I think it does depend on how long your business has been established. After the pandemic, they were more hesitant to give out credit so they want to see businesses that have been established for longer.
Can anyone help me here, I have a Non resident US LLC and I wanna do Amazon FBA and it asks for credit card for its charges so I need one for it and how can I get it outside the US ? Pls help
Okay Can somebody please answer my question. I seen in the video he basically said that I need to build my credit to at least 700 to start applying for business credit cards is that true? Also Do I get my LLC first then business credit card or how does that go? 😊
Can someone answer this question, please. So even when you apply with just your SSN and NOT an EIN, will they still don't report utilization to the credit bureaus? So where do they report this utilization to, or is it just NOT reported at all?
Hey man, great video! I just want to say that I watched this video, watched some others and it’s insanely apparent that Brian Jung copied your context and remade a video on his own channel literally using your points down to “flipping shoes”…… sigh. Just thought you should know as he has over 1M subs… his video is called “How to instantly get approved for business credit cards”
@@Daniel_Braun Appreciate the reply back so promptly and your content. I'm currently at 5/18 ish months. In your opinion, is it best right now to get an Amex Business card since I can get approved easily with an 800+ credit score without the 5/24 requirement Business card requirement through chase since the Amex won't count towards the requirement? Then in 6 ish months I can apply for a Chase card
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Who can name the 3 movie/song references I made when filling out the business credit card application? I guess I think that I’m funny 😂
Links To Top Business Cards Here:
💳 Chase Ink Unlimited: danielbraun.me/Ink-Unlimited
💳 Chase Ink Cash: danielbraun.me/Ink-Cash
💳 Amex Blue Business Plus: danielbraun.me/BlueBusinessPlus
Skywalker - Star Wars
] a z
For the other two: Dentists office from Finding Nemo, and of course Jenny’s number
I applied for my first ever business card today (Amex Marriott). Took your advice, followed your suggestions and was approved with a nice $25k credit line. Thanks for the info buddy!
How old is your business? Thanks
@@mantensoskido-achulo9764 im wondering this to
I never realized what I was missing until I applied for my first business credit card. In my opinion, this is really the cheat code to getting upsized value from the credit card game. As long as you can meet the (usually) higher amount of spend required to hit the welcome bonuses on these cards, the rewards you get for doing so is pretty insane. This was a really comprehensive guide that'll help a ton of people out, so great work on it as always man!
Yeah these business cards unlock so much more from the credit card game and so many people can get approved with them. Thanks as always for the support Spencer!
@@Daniel_Braun Agreed! And no problem man. Keep doing what you do!
I have a restaurant making average of 480k per year revenue is that good enough to get a business credit card with high limits?
Same
We do about 150000 a year are we within the income amount that would let us get a card with a high enough limit to start remodeling our shop we are so tight room widlse I can't see us making more until we can get a few hundred more sqft t I work and store customers equipment
Believe it or not, I was afraid to apply for a business credit card a few years ago. I remember when you applied for one of the Chase Ink business cards a few years ago (was it the Ink Unlimited? I can't remember which one 😂. Fast forward to the end of 2022, I applied for my first business credit card with Amex and was approved for the BBP! Then a few months later, I went with the Chase Ink Cash and was approved again. I definitely value not having my business credit card balances reported to my credit report. It helped me to finance a new Mac Studio, that I have the cash to pay in full, but with interest rates well over 4% APY, i'm holding onto that cash during the 0% intro APR period.
I like how you explained everything concisely! Keep it up!
Thanks so much!
Chase's business credit card terms and condition specifically say that it should be used for business purchases
The posted speed limit on many highways specifically states 60mph........
@@GEN512Xbeautifully said
I get the sense WAY more people can apply for business cards than they think can. It’s really not as exclusive as people think. My wife got approved as a sole prop with zero years in business and zero income.
And business cards have HUGE value. Great video Daniel!
100% agree! So many people can get approved and the fact that Chase applications have that auto-filled field for sole props should hopefully show that more people can apply. Thanks for watching Ethan, appreciate it man!
That’s great news what company did your wife apply for? I am a sole prop also
@@LP-nc6cr It was a Chase Ink card. She had a few cards with them and a great credit score which I think helped.
What do I do if my credit score is literally garbage? is getting a free LLC on Legal Zoom legit? @@Daniel_Braun
Business cards are so key to a credit card set up!
I payed for a semester of classes on a business card as a sole prop and instantly cleared the signup bonus. As covid happened I forgot about the card and it closed out over inactivity once I was ready to actually use it for its intended purpose.
Chase is very liberal on business credit in my experience and nice bonuses.
Any tips for applying when your personal business just started and hasn’t made revenue yet?
Business Credit Cards are soooo huge that can basically take the rewards you already getting from personal Cards and then really opening the floodgates to the amount of rewards you can get from business Credit and the flexible points currencies that come from that. Just got my first card- Hilton Honors Business and excited to get some others like the AMEX BBP as well. Great point though in that business Cards are so much more accessible than most people think. Great video Daniel!
Just finished elevated Hilton Honors Business SUB. Was approved for Amex BBP last night. 😁
Which business cards give higher rewards then personal?
Great content Daniel. I want to start some rewards and like the Chase family and plan to add a card every six moths for sign up bonuses. Should I start with a person or business card, have not opened a new card in 2-4 years? Also, where is the best site to find the limited time deals where extra bonuses are offered? Right now not sure if 60K sign up points are avg/good or great.
Thanks for this. It only took 5-7 mins with credit karma, might help that I have 2 personal AMEX cards already.
Great video! Loving my BBP right now and I’m hoping that as my business grows I’ll be able to take advantage of some of the higher SUB that some of the chase cards have. Can’t quite hit those spending requirements right now so not worth adding them to my wallet.
Thank You, much appreciate the information!✌️
I’ve gotten rejected a million times & chase bank keeps sending me an invitation but yet another rejection 🤷♂️ i can’t run a business like that!
Great information. Straight and to the point.
Great video on this subject! My Capital One Spark does *not* report to my personal credit btw. But I believe the product that I have is not offered anymore. I did read on MyFico board that they report to personal credit these days, and only that disqualifies Capital1 in my eyes for any new business card in the future.
Thanks so much for watching Ori, I'm glad I was finally able to make this video!
And yeah maybe it varies on older Capital One cards but as far as I know now it's new cards from them that do report to personal credit.
Great content! Just what I was needing. Thanks!!
Why do they check your personal credit if your business credit is separate?
Well that ensures you have to pay money back. He explained that.
@@jordanfernandez1307 They shouldn't count personal credit against you then since its not the same
Never put your SSN on a business credit card 💳 use the EIN and filter out the banks that demand your SSN
Just want to say thank you for this video!
Hi Daniel! Great video. What are your thoughts of paying LLC or sole prop self employment taxes with a business credit card?
What about if I genuinely don't have anything that qualifies as a business and I don't have time or energy to go for side-hustles because I'm a college student?
Great video… thanks Daniel!
Great info Daniel👍🏾
Thanks so much Glenn, appreciate you watching!
The Chase Quadfecta/Superfecta with the use of the CIC to buy gift cards for 5% then using the gift cards to buy groceries, dining, and utilities makes it better than the Amex trifecta.
When the freedoms had the 5%grocery bonus they could do it also. Luckily mine still has 6+ months
Got my 5th Business card last month and for the first time ever, Amex asked me to send in 4 months of Business Checking Statements... They made sure to specify Business Checking. They may be getting strict on approvals.
Interesting to hear! Did you get any of those 5 cards within a short period of time?
@@Daniel_Braun the last Amex I got before this one was the Business Gold and the Aspire back in December
I was approved for Hilton Honors Business on May 13, met SUB last week, applied and was instantly approved for BBP last night. Amex hasn’t reached out to me about business checking.
@@mrkitty5581 I've also had 15 Amex and 11 current Amex cards so I'm sure they just want to make sure I'm legit
What would you recommend for a carpet cleaning company? Most of my budget goes towards marketing, gas, and supplies. Thoughts?
Would donating plasma on the side count as a side business?
Does the 5/24 rule from Chase apply to business credit cards as well?
Same question here
unique information, very helpful, defiantly a new subscriber here.
How did you setup an llc? Can you please share some details, reference you used?
Hey, big question. I live in the UK but selling in the USA on amazon and ordering from Alibaba, what kind of business card should I use? Most business credit cards require resident proves? Please
Is there a spending limit? Because starting off I don’t think I’ll spend $10000. How does that work?
If I put personal expenses on a business credit card, does that need to be reported to the irs?
No it doesn't. You just need to separate out the personal expenses whenever you do taxes
Great video! HOWEVER: putting 10k as your stated annual income on the application is a great way of ensuring you get the smallest limit possible 😂😂
42 Wallaby Way. Well done.
Finally, someone noticed it! Good eye lol 😂
Is it still under 5/24 rule?
What’s the point of Business credit? Outside of a publicly traded company, any bank will force the business owner to back the loan with their personal credit.
@babyfacenelson2704 This guy is fucked up lmao
The purpose is to not have the high business utilization show up on your personal credit report therefore tanking your personal credit score. It also makes it much easier to keep your business spending separate from your personal spending. The reason why you should do that is when you do your taxes you don’t have to try to remember what was personal spending that you should not try to write off as a business expense . Yes you are still personally responsible for the business debts and rightfully so since you’re the one running the business.
@@luxurycardstoreCouldn’t have said it better.
Great video!! Love it
Not my experience with Chase Bank. They would not allow for me to use my EIN, they only wanted my SSN. But hey that Debit Card is great (sarcasm)! At the time my FICO score was 758. Discrimination at its best with 150K in their Bank. WOW!
Even with sole prop with SS#, it won’t show on personal???
hey i know this video has been out for awhile, i’ve been watching your vids for a good time now too as of recently on two different accounts and being subscribed:). quick question though. if i get the ink chase card and don’t have a sapphire card would i be able to transfer points from the unlimited freedom card and the flex one ?
I want to start a pressure washing business but don’t have to money to get all the equipment to do it properly $5,000-10,000 give or take. Can I get a business card to get the equipment and everything to start recouping the money? If not what’s the best way?
You can use a business credit card to buy all the equipment but you have to make sure you can make profit quick enough to start paying back those credit card bills
Is it possible to update a Business Credit Card that was open with an SSN instead EIN? I have an Amex in that situation
Are you putting home office expenses on your business credit card, such as home internet?
I haven’t found a direct answer in any other video or online so if you can answer that’d be great! My question is I saw somewhere that Amex cards affect credit history differently in that when you apply for whatever amount of cards, they all start at the oldest date of your first card; is this true? For ex. If I got an Amex blue cash in 2012 and then next week I get a Amex gold then would my avg. length of credit increase since the gold would “inherit” the older credit history of 10+years? Or is that wrong and Amex is like all other cards where the new credit line would knock down the avg age of credit? Thanks for your help!
Amex works like any other credit card issuer. I currently have 10 Amex. The date they report on your credit is the day that you're approved. You do not inherit the time from the first card
Very nice info
I see the exact opposite, I get very high limits with my personal cards and moderate limits with the few business cards I have.
How many years in business did you have when you applied?
@@rogerarias3796 I got a Lowes and Home Depot card right after I formed my LLC and a AMEX Bonvoy card five years latter.
I got my first business credit card from chase with a 590 credit score😅
Which are the business credit cards for below 700
While applying for Amex business credit card they don't provide any option for LLC. They only have 3 options which are Sole Proprietorship, Partnership and Corporation. Can you help me how to apply for Amex Business Plus Card?
Too late now but a LLC is a Corp.
Not late thanks any tips u think i should know i am going to apply@@OptLights
Would the IRS learn that I started a side hustle by doing this application? Didn’t plan on separating out the tax stuff yet, was just gonna say it’s all personal. Also do you think I’d have no issue getting an employee card for my wife, even as a sole prop with just an SSN? I do want to have a player 2 on my card, but don’t have an EIN thing going. Specifically for the BBP. Was thinking of applying this week. Very timely video. I don’t really have revenue yet but have been doing school and other preparations before I start freelancing.
So even if you just do the side hustle all under your name then you would just report any profits or losses from that under your personal returns anyway. They're not going to tell the IRS that you opened a business credit cards because that could mean anything - the IRS is mainly concerned about whether you owe them money for taxes. For the employee cards you should have no problem adding employee cards if you want to because that's a feature many cards have. You as the primary account holder are still ultimately responsible for purchases on employee cards, so from the Amex point of view there's not much that changes. Hope that helps!
We can’t do it with just strictly biz credit? I focus on biz credit only
Can I upgrade my Amex magnet to a business plus Amex ?
Daniel- Have you considered examining credit unions and their associated credit cards? Alliant Credit Union offers many of the qualities of the banks that you like.
I think I should definitely make a video on credit unions so I'll try to think of the best way to do that! Thanks for the suggestion Greg 👍
Can you cancel or downgrade to a 0 annual fee business credit card after redeeming the miles/rewards
Hmm, I don't think it's as easy as it sounded. My credit score is almost 800, I got an LLC with an EIN but yet, they kept rejecting me
They want that ssn!
I think it does depend on how long your business has been established. After the pandemic, they were more hesitant to give out credit so they want to see businesses that have been established for longer.
Can you go over your credit line I just did mine got 5,000 just curious ?
What’s the name of the banks that’s giving out the money besides chase ink every RUclips channel know that already. Give us some sauce
Can you get cash out from these business credit cards?
Don't people who do amazon flex claim that as a business?
Can anyone help me here, I have a Non resident US LLC and I wanna do Amazon FBA and it asks for credit card for its charges so I need one for it and how can I get it outside the US ? Pls help
Okay Can somebody please answer my question. I seen in the video he basically said that I need to build my credit to at least 700 to start applying for business credit cards is that true? Also Do I get my LLC first then business credit card or how does that go? 😊
Can someone answer this question, please. So even when you apply with just your SSN and NOT an EIN, will they still don't report utilization to the credit bureaus? So where do they report this utilization to, or is it just NOT reported at all?
These vids never show that amex wants to link to your accounts using plaid to verify income
Thanks for the info. BBP+ with your link!
Can you use a business credit card to buy a business
Can you still build business credit even if you use ur Ssn ?
Can you use your business credit card to pay off your personal credit card?
Business checking and savings account ?
Hey man, great video! I just want to say that I watched this video, watched some others and it’s insanely apparent that Brian Jung copied your context and remade a video on his own channel literally using your points down to “flipping shoes”…… sigh. Just thought you should know as he has over 1M subs… his video is called “How to instantly get approved for business credit cards”
I plan on signing up for a business card in June :)
Nice, best of luck! Which card are you thinking of applying for?
I literally have a business with $60,000+ revenue and can't get approved for business credit lol
Why
Same
Work on your personal credit score…?
You got my attention at content creator 👀
Definitely a great way to get business cards when you have a content focused business! That's how I got into business cards
Daniel's doing videos in plain white t-shirts. Tank tops next or straight to shirtless? 😂 Nice guns bro.
😂😂😂
Do I need to be under 5/24 in order to apply for chase business cards?
Yes you do, you’ll need to be under 5 24 to be eligible to get approved - but the cards won’t count towards 5 24 if you do get them
@@Daniel_Braun Appreciate the reply back so promptly and your content. I'm currently at 5/18 ish months. In your opinion, is it best right now to get an Amex Business card since I can get approved easily with an 800+ credit score without the 5/24 requirement Business card requirement through chase since the Amex won't count towards the requirement? Then in 6 ish months I can apply for a Chase card
😊
First comment, thanks as always for the support!
💪🏼👍🏼💙
4:37
Amex: we only want you to use our business card for business use.
Also amex: hey, here's the offers for elizabeth arden and clinique.