Originally Posted by
savagedong
Just wanted to give my DP since there haven't been many lately. Applied 6/29 for Alaska Business card as sole prop, 0 yrs biz, $0 income used my name as business. They pulled TU (811) with EX frozen, decision was pending. Received a letter a week or two later asking for biz rev, tax documents, etc. Called BOA and rep said 2yrs of personal tax returns should suffice since it was a new business. Submitted my tax returns towards end of July through email. Ended up getting another alert that TU was pulled on 8/1 (809). Received letter on 8/9 with denial notice citing "insufficient information on the business bureau" and "business credit references have not been established for a sufficient length of time." Called biz recon today and while the rep was friendly she essentially restated the letter I received in the mail and said they could not approve me for an unsecured credit card. I then specifically asked if they could approve a secured credit card (phishing for the 1,500 CD) but she mentioned that was not available. I will probably call biz recon one more time but it did sound as the decision was definitive and final.
Personally, it sounds to me like the previous strategy is no longer a viable option. Maybe others will have better luck. Please post DPs based on your experience.
Thanks for sharing this. My SO was considering doing the same, but may abandon that idea now. As a point of reference, she applied with the exact same situation/informatin as you two years ago. BoA sent a letter asking for documents. Instead, she wrote a letter saying the business was brand new and she was pre-revenue etc. She ultimately got approved. This was two years ago and like the poster above mentioned, I haven't seen anyone approved who doesn't have a business in quite some time. In fact, as I have mentioned before, I even got denied and I have a real business (I switched from a sole prop to a corporation last year and they're claiming my business was too new and not established enough, even though I provided tax returns that backed up my existing business). Yes, I'm still very bitter!
Basically though, it's insanely hard to get the Alaska Biz card these days for everyone. Hoping I can maybe reapply early next year.