How to Prequalify for Business Credit Cards and Personal Credit Cards - Business Credit 2020

How do you prequalify for business credit cards and personal credit cards with no impact to your credit scores? In this video we show you how to prequalify and which credit card issuers offer a pre-qualification form on their websites.

Prequalification is when a creditor has done an initial assessment of your credit history (soft inquiry) to determine if you'll likely to get approved for one or more of their credit cards.

You initial the process by submitting a prequalification form on a credit card issuer’s website. Forms typically require your name, address, and last 4 digits of ss number.

However, getting prequalified does not guarantee approval, it’s simply an assessment. Other terms such as pre-approval, pre-selected and invitations to apply are different from a prequalification review.

For our Business Credit Card Funding program go to https://businesscreditbuilders.org/business-lines-of-credit/

For our Step-by-Step Business Credit Building system go to https://businesscreditbuilders.org/

If you get prequalified for a credit card you can choose to apply which triggers a hard inquiry to your credit report.

If the review comes back as no offers than you do not apply and avoid the hard inquiry. In a nutshell the prequalification process is a screening of your basic credit information.

It’s important to not confuse pre-qualified with pre-approved offers because the two are different in a sense. Some business credit card and personal card issuers will set up different customer parameters for each one.

For personal credit cards some of the major card issuers that offer a prequalification form are American Express, Bank of America, Capital One, Chase, and Discover.

Other card issuers such as Regions Bank, Navy Federal and USAA require you to be an existing customer.

For business credit cards, major card issuers do not provide a pre-qualification form on their websites. For business credit cards the applications on card issuer sites trigger a hard inquiry.

The good news is our business credit card funding program allows you to pre-qualify and acquire business credit cards that only report to business credit agencies.

Our business credit card funding is a no document program so it requires no income documentation. You won’t be required to furnish financials, bank statements, tax returns, etc.

Prior to going through our business credit card funding process, you will need a separate legal entity, the company must be in good standing, an employer identification number, business contact information and business bank account.

For details on prequalifying for business credit cards or to get started with the pre-qualification process go to the following sites.

https://youtu.be/EC8eE8Iml_M
https://businesscreditbuilders.org/business-lines-of-credit/

https://businesscreditblogger.com/2020/05/02/get-cash-and-credit-for-business-fast/
http://creditreportengine.com