I'm just out of college and I need 35k credit, (60k preferred) of 0% credit to make purchases of inventory. I have 'great' credit score, except for my Experian which is at 702 and 8 hard inquires, 5 of which are the last 5 weeks - 2 of the recents I think I can remove (1 loan inquiry and another I got 2 pulls for 1 approved application).

The other bureaus have 1 and 0 hard inquires. I'm looking for business credit cards to open that don't do Experian, instead Transunion or Equifax - seems rare for business cards - anyone have ideas? Can I freeze my Experian and it will be ok with new apps?

Some additional context:

  1. I opened the Amex Blue Plus today and got approved for 10k; they also ran my Experian. Should I try the Amex Blue Cash tomorrow?
  2. I have a 35k business limit with Chase. 13k of that was the 'preferred card' I opened last month for my shipping expenses. I applied for the ink business cash through my banker relationship but got rejected today. I'm applying for reconsideration tomorrow.
    1. If I get Chase 0%, I will transfer my limits to that card.

I'm able to pay everything off in 3.5 months and need some cash now for inventory, so if anyone has ideas on other avenues for funding or suggestions for the credit cards, I'd wholeheartedly appreciate it.

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CREDIT PROFILE

  • * Current credit cards you are the primary account holder of:
    • Personal (dated):
      • BoFA Custom Cash Rewards: $8,200 - 3/2021
      • BoFA travel: $2,200 - $9/2023
    • Business (dated):
      • Chase Unlimited $22,000 - 1/2023
      • Amex Gold ~$4900 - 5/2024
      • Chase Preferred $13,000 - 6/2024
      • Amex Blue Plus $10,000 - 6/2024
    • I am an authorized user of Capital 1 card, amex plat, chase sapphire on my parents accounts and don't know the limits, but it's higher than all mine and I've had them for 1-4 years.
    • I carry no balances.
  • * FICO Scores with source: Experian: 702, Transunion 792, Equifax 740 | FICO from Amex history: 762
  • * Oldest credit card account age with you as primary name on the account: BoFA Custom Cash Rewards: 8,200, 3/2021
  • * Number of personal credit cards approved for in the past 6 months: 0/0
  • * Number of personal credit cards approved for in the past 12 months: 1/1
  • * Number of personal credit cards approved for in the past 24 months: 1/1
  • * Annual income $: I've been putting down $175,000 based on current sales and what counts. Next year I expect $450,000 if I wanted to pull all my profit

CATEGORIES

  • * OK with category-specific cards?: Yes - just want access to capital
  • * OK with rotating category cards?: Yes - just want access to capital
  • * Estimate average monthly spend in the categories below. Only include what you can pay by credit card.
    • * Dining $: $750
    • * Groceries $: 0
    • * Gas $: 0
    • * Travel $: 0
    • * Rent: $ 0
  • Business monthly expenses:
    • Inventory: $30,000
    • Shipping: $13,000
    • Advertising: $3500 increasing to $7500 in a month

MEMBERSHIPS & SUBSCRIPTIONS (delete lines that don't apply)

  • * Current member of Amazon Prime?: Yes, under parents
  • * Current member of Costco or Sam's Club?: Yes, under parents
  • * Currently paying $13.99/month or more for Disney Bundle (Disney+ / Hulu / EPSN+) or other Hulu services?: Yes, under parents
  • * Current member of Chase, US Bank or any other big bank?: Chase, AMEX
  • * Are you open to Business Cards?: Yes, I have an LLC

PURPOSE

  • * What's the purpose of your next card: Access to capital for business

Business revenue (if it helps):
2023: $10k

2024 to date: $65k

2024 Expected: $508,000

2025 Expected: $1,100,000

Profit is like 10-25%