Q’s from MN asked:
I am a little over a year out of college and took on a sales position in the health care industry. I made about $73k my first year and am looking forward to a similar or better year this year. I travel about 60-70% of the time and all of my hotel, gas and restaurant expenses are my responsibility up front (I of course turn in expense reports and get reimbursed). I have been using a separate checking account up until this point. I have of course thought of a secured card, however I haven’t had a break in the past few months where I can afford to have a couple thousand sitting out there for 2 weeks waiting for my card; it is tight as is with the amount in my checking and the little time between my trips. I used to have an corporate AMEX in college for a sales internship I had that had a very high limit on travel expenses (food, gas, hotel, etc.) and a low limit on retail expenses. Is there anywhere that I can get a card similar to this by providing proof of my high income (ie. pay stub, checking history) or is a secured card the only way I can go? I am very good at always making sure I have enough in my checking for my trips, so payment responsibility is not an issue. My credit is in the low 600s due to credit cards and medical bills in college; I have about $1k is credit card and $5k in medical bills left to pay off. This would be a great deal for any credit card company that was willing to help and put restrictions on spending types like my old corporate card did, but I understand your credit score means everything. Any guidance would be greatly appreciated!!
Claude
I am a little over a year out of college and took on a sales position in the health care industry. I made about $73k my first year and am looking forward to a similar or better year this year. I travel about 60-70% of the time and all of my hotel, gas and restaurant expenses are my responsibility up front (I of course turn in expense reports and get reimbursed). I have been using a separate checking account up until this point. I have of course thought of a secured card, however I haven’t had a break in the past few months where I can afford to have a couple thousand sitting out there for 2 weeks waiting for my card; it is tight as is with the amount in my checking and the little time between my trips. I used to have an corporate AMEX in college for a sales internship I had that had a very high limit on travel expenses (food, gas, hotel, etc.) and a low limit on retail expenses. Is there anywhere that I can get a card similar to this by providing proof of my high income (ie. pay stub, checking history) or is a secured card the only way I can go? I am very good at always making sure I have enough in my checking for my trips, so payment responsibility is not an issue. My credit is in the low 600s due to credit cards and medical bills in college; I have about $1k is credit card and $5k in medical bills left to pay off. This would be a great deal for any credit card company that was willing to help and put restrictions on spending types like my old corporate card did, but I understand your credit score means everything. Any guidance would be greatly appreciated!!
Claude
#1 by totrev76 on May 5, 2010 - 12:57 pm
David
If you are looking for a corporate card you will need to ask your employer for one — if you apply for a card yourself you can only apply for a personal card. Corporate cards are granted based on the credit of the corporation, and then the company decides who they want to allow to use the cards; you can’t just apply for it yourself.
Some banks offer business cards to small businesses; you could apply for a business card if you are a small business owner, however most banks who do cards like this use the business owner’s personal credit in the application process.
There may be companies out there who are willing to give you an unsecured card even with bad credit, but expect to pay higher interest. You may be stuck with the secured card option (or perhaps prepaid card if its available in your area)
#2 by Andrew on May 9, 2010 - 12:47 am
Todd
buildcredit.ifastnet.com – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.