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  • #1234054
    Everglow
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    Hi everyone. Is it possible to get a bussiness credit card as a new business that has no trading history yet? We are setting up a new electrical business and are wanting to get a credit card with interest free days and reward points to use to buy materials. Any ideas, experiences as to how to approach this or tips from anyone that has successfully done this would be appreciated. Thanks so much.

    #1234057
    Paul – FS Concierge
    Keymaster
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    Hi And Welcome to Flying Solo Everglow. It is great to have you!

    Thank you for joining our community and posting.

    A friend has an overdraft which works like a line of credit – I’m not sure if the bank asked for collateral and that really is the $64,000 question.

    It also acts as a shock absorber for cashflow which is highly beneficial for any business that needs every ounce of capital it can get.

    Seeing you bank or asking an Accountant will get you answers.

    I hope all of your business dreams come true!

    Cheers
    Paul

    #1234117
    storewall
    Participant
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    I have looked into the line of credit and it can be both secured and un-secured. The difference being the rates/fees that apply. In either case some financial and tax records were required as trading history.

    I also have a business transaction account with CBA and pop-ups appear regarding a business CC. I suppose it would be the same as the line of credit. Being un-secured the rates would be high.

    #1234257
    bruce.johnstone
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    One of my lenders has a very flexible Business Credit Card Product with a very simple application process.

    Please message me with your name and phone number if you are still interested.

    Best regards

    Bruce Johnstone

    BRUCE JOHNSTONE PhD, MBA, BBc, AdvDipMA, Grad.Dip.Comm(Property) Grad.Cert.Bus.Res, AFB (Accredited Finance Broker) Mortgage and Finance Broker   M:        0487 006 514 P:         1300 080 318 E:         bruce@adobi.com.au W:        www.adobi.com.au Member of Finance Broker's Association of Australia. Member of Australian Financial Complaints Authority Adobi Mortgage Solutions  ABN 94 465 268 443. Suite 405, 585 Little Collins Street, Melbourne, VIC 3000, Australia Credit Representative Number 536529 authorised under Australian Credit Licence 384324 Privacy: We are committed to protecting your privacy. We use the information you provide to advise about and assist with your finance needs. We only provide your information to the companies with whom you choose to deal (and their representatives). We do not trade, rent or sell your information. If you do not provide us with full information, we cannot properly advise you. You can check the information we hold about you at any time. For more information about our Privacy Policy, ask us for a copy or visit www.adobi.com/privacy. The information contained in this email communication may be confidential. If you have received this email in error, please notify the sender by return email, delete this email and destroy any copies.
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