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Build Credit for Small Business? |
I just started with business (corporation) and I got approved by Capital One business card for 500 dollars and I got that card in my mail. On my personal credit I have no debt with 6000 limit and credit score of 720. I just have too many inquiries because I didn't know before that they stay on my file. I believe that 500 is bare minimum and with my credit history I could get better deal and I don't know whether I should wait for cards with bigger limit to activate or I should start with this one. If I start with one card of 500 are other companies going to give me similiar offer or better? I know that choosing the right type of credit card for your business is very important. I suggest to read articles here about "Credit Cards for Small Businesses": I was at the wininbiz website were they talk a lot about financing your business with credit acrds. They have some awesome deals like Advanta that offers 0% for 16 months and starts you out with a line of $12,500. You did not get a $500 line from Cap one because you have inquires, they are just very conservative and you just started your business. |
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