Originally Posted by
cslovacek
Well then you must not want a business card too badly. You are still the personal guarantor so if you default they are coming after you (reporting to the credit bureaus).
I have a couple of business cards and everything works out just fine. If yiu want a decent credit limit, you will need to bend the truth a bit. Well, af least a $5k credit limit isn't going to work for me. To each their own.
I have no issues being the guarantor - and a 5k credit limit is fine, this is not my primary card - just want to get the bonus and use on the side, I have well over 100k in credit limits elsewhere.
I guess my question is, it is fraud and what are the consequences if you are caught lying?