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Credit Stacking Combos - What Cards to Start With

As a mentor in Credit Stacking, I’m frequently asked, "What’s the best credit card?"

There's a lot to unpack there.

The real question you should be asking yourself is, "What is the best credit card for me?"

If you're a business owner I want you to consider this idea:

Think about how much you spend on your business, whether it's on advertising, stock, or a software subscription. Is that money coming out of your pocket?

Why not fund yourself with a business credit card? You'll not only have all that extra spending power, but you'll also earn points as you use it.

In my mentorship, there's a series of cards I encourage people to apply for. The big three are

  • Chase Bank

  • Bank of America

  • American Express

When you are going through the process of Credit Stacking, one critical determinant of your future success is going through the process of applying for cards in the right order.

This is because different banks will check your credit from different credit bureaus. When you know where they'll pull from, you can apply for multiple credit cards at the same time without having to worry about having too many hard inquiries about your credit score.

For now, let's go over the cards I recommend in my course, why I recommend them, and other important terms, like 'fintech'.

Fintech companies are at the forefront of transforming the financial services landscape through innovative technologies and digital solutions.

Unlike traditional banks like Chase and Bank of America, fintech banks combine financial expertise with technology-driven approaches to offer flexible, user-friendly, and tailored credit solutions.

These fintech-powered business credit cards provide convenient, secure, and efficient ways to manage finances, leveraging the advancements in mobile banking, online platforms, and personalized services.

But remember, you’re only able to apply for a business credit card if you have a personal account with that bank.

American Express is the exception to that rule, but for any of the other Grade A banks out there, you'll need to make an account first.

Now, let's go over some of the credit cards I suggest to members of my mentorship and explore why I consider them to be the best in class.

To start, my favorite card is the Chase Sapphire Reserve card.

Chase Sapphire Reserve:

This card is PACKED to the gills with benefits and offers for someone who frequently travels, would like to travel more, or is looking for a strong business credit card.

You are given a 60k point sign-up offer, $300 in travel credits annually, $100 towards an application fee for global entry/TSA precheck, and a priority pass membership, which gives you access to more than 1,000 airport lounges.

Plus, you get 3X points when you use them to pay for your travel or eat out at a restaurant.

Whether you're a seasoned credit card holder or just getting started, I'd strongly recommend adding this card to your library.

Chase Ink Preferred:

If you're a business owner who frequently travels or spends on advertising, the Chase Ink Preferred card is a fantastic choice.

With 3x points per dollar spent on dining, shipping, and internet/phone services, it's a rewarding option. Plus, when combined with the Chase Sapphire card, you gain access to flexible limits by transferring them between the two cards.

US Bank Business Leverage:

This versatile card from US Bank offers the benefit of earning 2x points for the top two categories you spend on. Whether it's e-commerce, online purchases, or advertising, you can maximize your rewards in these areas.

Now, let's dive into the realm of charge cards, which provide spending power rather than a set limit:

American Express Business Gold:

Designed for business advertising, the AMEX Business Gold card offers an impressive 4x points per dollar spent on advertising and 1x points on all other purchases. It also comes with a generous sign-up bonus to kickstart your rewards earnings.

American Express Business Platinum:

If you're a frequent traveler, the AMEX Business Platinum card is a dream come true. It provides access to exclusive perks like a priority pass, a Centurion lounge, and a wide range of travel rewards.

Additionally, you can earn 1.5x points on all purchases if you spend $5,000 or more within a spending period, making it particularly valuable for e-commerce stores.

American Express Business Plum:

With the AMEX Business Plum card, you enjoy the advantage of receiving 1.5% cash back when you pay off your balance before the closing statement date. This card also offers the flexibility of a 30-day buffer period for late payments, providing additional peace of mind.

Lastly, let's explore credit cards that don't require a credit check or a hard pull:

Divvy Card:

Offered by Fintech Bank, the Divvy card evaluates your banking activity instead of conducting a credit check. Based on your activity, they assign a limit. Although it doesn't come with rewards, the Divvy card's online portal allows you to create separate virtual cards with specific limits for different spending aspects of your business.

Capital On Tap: Another Fintech Bank offering, the Capital On Tap card does a soft pull from Experian. As long as your score is strong there, you can obtain credit. The rewards range from 1% to 2% cash back, depending on the annual fee you pay. This card is particularly beneficial for e-commerce store owners.

KeyBank Business Rewards Card:

As a regional bank, KeyBank provides the KeyBank Business Rewards Card. They conduct soft pulls for approval, and you enjoy 0% interest for the first six months. It's advisable to open a business account with them before applying to enhance your approval chances.

KeyBank, like Chase and AMEX, emphasizes relationship-based banking, so developing a strong relationship with them can lead to better approvals and card options.

Whether you're seeking rewards and points, or simply aiming to build your business credit, these cards offer excellent opportunities. Remember, you could be spending your own money, or waiting for your next ‘paycheck’ to pay for your business expenses and see a slow return on investment.

Or, you can take advantage of business credit cards to build your business faster AND earn points to celebrate your wins!

To learn more about business credit and become part of our community, be sure to sign up and join us on this exciting journey.

Oh and here's that eBook I promised!

2 commentaires

Mike Summers
Mike Summers
20 févr.

Mike Summers
Mike Summers
20 févr.

Hey, saw in the book you mentioned infinite banking.

Is it possible to start a business using credit lines for the primary purpose of infinite banking and then coming back to it. Is there a way just to crank out like dozens of LLCs all with infinite banking policies?

Is it realistic to expect to be able to roll over 0% interest cards for 5 years until the policy hits break even? Any other ideas you have with this?

The thing I saw actually suggested not doing IB in a business and instead using IB loans to lend to your business, but I was thinking more in terms of trying to figure out a way to hit the minimum viable…

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