Comments for Southwest Credit Card http://southwestcreditcard.net Southwest Credit Card Thu, 15 Sep 2011 12:02:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on What is the average credit limit on a business credit card? What information will I need to provide? by markus878821 http://southwestcreditcard.net/8746/what-is-the-average-credit-limit-on-a-business-credit-card-what-information-will-i-need-to-provide/comment-page-1/#comment-13363 markus878821 Thu, 15 Sep 2011 12:02:07 +0000 #comment-13363 Take a look at this information page http://www.youbigg.com/Credit-Cards.html it lists types of cards and information, it should also answer your question. Take a look at this information page http://www.youbigg.com/Credit-Cards.html it lists types of cards and information, it should also answer your question.

]]> Comment on What is the average credit limit on a business credit card? What information will I need to provide? by Jeremy http://southwestcreditcard.net/8746/what-is-the-average-credit-limit-on-a-business-credit-card-what-information-will-i-need-to-provide/comment-page-1/#comment-13362 Jeremy Thu, 15 Sep 2011 12:02:07 +0000 #comment-13362 Several different items are considered when applying for any credit card. Depending on the size of the business, your credit history and even if you have other accounts with the bank your applying for will determine how much credit you receive. One of the nice features about a business card is that you can have a large collective credit line on the primary card and add people to the account as users and assign a specified line for each one. Several different items are considered when applying for any credit card. Depending on the size of the business, your credit history and even if you have other accounts with the bank your applying for will determine how much credit you receive. One of the nice features about a business card is that you can have a large collective credit line on the primary card and add people to the account as users and assign a specified line for each one.

]]> Comment on What is the average credit limit on a business credit card? What information will I need to provide? by thikingdomcome http://southwestcreditcard.net/8746/what-is-the-average-credit-limit-on-a-business-credit-card-what-information-will-i-need-to-provide/comment-page-1/#comment-13361 thikingdomcome Thu, 15 Sep 2011 12:02:07 +0000 #comment-13361 It deepends on the size of the business, Your status (wether you are a dba, a corperate company, an llc, etc.), and you businesses average income, your credit history (if it is a dba), or the credit history of the business. You will need to provide your personal information, the businesses info (including the tin #) and proof that you are a owner. Good Luck! It deepends on the size of the business, Your status (wether you are a dba, a corperate company, an llc, etc.), and you businesses average income, your credit history (if it is a dba), or the credit history of the business. You will need to provide your personal information, the businesses info (including the tin #) and proof that you are a owner. Good Luck!

]]> Comment on What is the average credit limit on a business credit card? What information will I need to provide? by gatorboi19884870 http://southwestcreditcard.net/8746/what-is-the-average-credit-limit-on-a-business-credit-card-what-information-will-i-need-to-provide/comment-page-1/#comment-13360 gatorboi19884870 Thu, 15 Sep 2011 12:02:05 +0000 #comment-13360 First of all you can lend me like $800.00 and you'll be okay. But your credit limit depends on you credit. If you use American Express that darn Charge card, then you are going to get something like No credit limit which looks bad on your credit score. So You might wonna go with so mething that is around $20,000. If any thing goes wrong and you are suddenly out of work or you have to shut your business then you that that thirty that you are saving and stick it on the credit card balance. Remember you won't go over tweny. You will need to provide work history, SSN, and amount you have in savings. If you have a checking account then that will also be helpful. First of all you can lend me like $800.00 and you’ll be okay. But your credit limit depends on you credit. If you use American Express that darn Charge card, then you are going to get something like No credit limit which looks bad on your credit score. So You might wonna go with so mething that is around $20,000. If any thing goes wrong and you are suddenly out of work or you have to shut your business then you that that thirty that you are saving and stick it on the credit card balance. Remember you won’t go over tweny. You will need to provide work history, SSN, and amount you have in savings. If you have a checking account then that will also be helpful.

]]> Comment on How to set up a merchant account to accept credit cards without a personal guarantor? by Larry M http://southwestcreditcard.net/8744/how-to-set-up-a-merchant-account-to-accept-credit-cards-without-a-personal-guarantor/comment-page-1/#comment-13359 Larry M Wed, 14 Sep 2011 18:26:42 +0000 #comment-13359 Try pay pal they can set you up alot better than most, At least they could get you started. The best of luck to you. Try pay pal they can set you up alot better than most, At least they could get you started. The best of luck to you.

]]> Comment on How to set up a merchant account to accept credit cards without a personal guarantor? by Cliff P http://southwestcreditcard.net/8744/how-to-set-up-a-merchant-account-to-accept-credit-cards-without-a-personal-guarantor/comment-page-1/#comment-13358 Cliff P Wed, 14 Sep 2011 18:26:42 +0000 #comment-13358 There are several options out there. However, you must have the appropriate business structure. To get out of a personal guarantee you must be Incorporated. The personal gaurantee on most agreements are only guaranteeing that you will abide by Visa/MC guidelines. Its not a loan, there is no money to guarantee. The next thing to realize is that you will be handling your customers money and credit card information. The big credit card companies like Visa/MC want to ensure that whoever accepts there cards is not going to violate any privacy laws or commit any theft crimes. That is why they request so much personal information. They want to ensure that the people running the company have a strong financial ethic. They also want to ensure that if a merchant commits a financial crime via merchant services, that the merchant nor its owners can ever process cards again. They do have a blacklist. There are other ways, but it is very difficult to get an account approved with out the owners personal information. Especially, If you have never accepted credit cards before. Hope this helps. What ever you decide to do make sure you get the right pricing for your business model. You can get more info here: http://www.omnitranz.com/freerates GOOD LUCK! There are several options out there. However, you must have the appropriate business structure.

To get out of a personal guarantee you must be Incorporated.

The personal gaurantee on most agreements are only guaranteeing that you will abide by Visa/MC guidelines. Its not a loan, there is no money to guarantee.

The next thing to realize is that you will be handling your customers money and credit card information. The big credit card companies like Visa/MC want to ensure that whoever accepts there cards is not going to violate any privacy laws or commit any theft crimes.

That is why they request so much personal information. They want to ensure that the people running the company have a strong financial ethic. They also want to ensure that if a merchant commits a financial crime via merchant services, that the merchant nor its owners can ever process cards again. They do have a blacklist.

There are other ways, but it is very difficult to get an account approved with out the owners personal information. Especially, If you have never accepted credit cards before.
Hope this helps. What ever you decide to do make sure you get the right pricing for your business model.

You can get more info here:

http://www.omnitranz.com/freerates

GOOD LUCK!

]]> Comment on How to set up a merchant account to accept credit cards without a personal guarantor? by stonerosedesigndotcom http://southwestcreditcard.net/8744/how-to-set-up-a-merchant-account-to-accept-credit-cards-without-a-personal-guarantor/comment-page-1/#comment-13357 stonerosedesigndotcom Wed, 14 Sep 2011 18:26:42 +0000 #comment-13357 PayPal. PayPal.

]]> Comment on How to set up a merchant account to accept credit cards without a personal guarantor? by stymiee73 http://southwestcreditcard.net/8744/how-to-set-up-a-merchant-account-to-accept-credit-cards-without-a-personal-guarantor/comment-page-1/#comment-13356 stymiee73 Wed, 14 Sep 2011 18:26:41 +0000 #comment-13356 Some merchant account providers will allow you to use alternative forms of guarantees in place of a personal guarantee. These options include: 1) A corporate resolution - your business provides documents (balance sheets, third party prepared financial statements) that shows the business is strong enough to guarantee itself 2) Provide a letter of credit - a letter of credit basically is a loan that your bank promises to give you at a future date. The catch is you don't get to ask for it. The processing bank does, They can only invoke it if you owe them money and they are unable to get those funds from you. It is like an insurance policy. 3) A reserve - the processing bank will hold some of your funds in reserve to cover any exposure for loss they might have. 6 months or so after you close your account they give it all back to you. They may give it back sooner if you have processed for along time and shown to be a low risk merchant. Keep in mind not all processors offer these alternative although most offer at least one of them. Some merchant account providers will allow you to use alternative forms of guarantees in place of a personal guarantee. These options include:

1) A corporate resolution – your business provides documents (balance sheets, third party prepared financial statements) that shows the business is strong enough to guarantee itself

2) Provide a letter of credit – a letter of credit basically is a loan that your bank promises to give you at a future date. The catch is you don’t get to ask for it. The processing bank does, They can only invoke it if you owe them money and they are unable to get those funds from you. It is like an insurance policy.

3) A reserve – the processing bank will hold some of your funds in reserve to cover any exposure for loss they might have. 6 months or so after you close your account they give it all back to you. They may give it back sooner if you have processed for along time and shown to be a low risk merchant.

Keep in mind not all processors offer these alternative although most offer at least one of them.

]]> Comment on What is the best credit card to use to get travel rewards? by moviegoer_j http://southwestcreditcard.net/8732/what-is-the-best-credit-card-to-use-to-get-travel-rewards-2/comment-page-1/#comment-13355 moviegoer_j Wed, 14 Sep 2011 09:40:48 +0000 #comment-13355 I agree with CSUflyer's advice to do the math and pick the card that will pay you the most rewards (whether in cash or airline miles). However, there is a free rewards calculator tool that will do the math for you! Check it out at http://www.creditcardtuneup.com/ . It'll also calculate the best combinations of cards for your spending profile. I agree with CSUflyer’s advice to do the math and pick the card that will pay you the most rewards (whether in cash or airline miles). However, there is a free rewards calculator tool that will do the math for you! Check it out at http://www.creditcardtuneup.com/ .

It’ll also calculate the best combinations of cards for your spending profile.

]]> Comment on What is the best credit card to use to get travel rewards? by Nate H http://southwestcreditcard.net/8732/what-is-the-best-credit-card-to-use-to-get-travel-rewards-2/comment-page-1/#comment-13354 Nate H Wed, 14 Sep 2011 09:40:47 +0000 #comment-13354 American Express in conjunction with Continental. American Express in conjunction with Continental.

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