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Add underwriter credit card

you've probably heard that no bank will extend you any credit without a pg and i've even heard that it's impossible to get credit from bank without pg stick around and you will find out whether that's true or not let's dive right into it what's up everybody thank you so much for uh watching another one of our videos so i've seen and even got comments in my videos people saying that it's not possible to get credit from banks big banks like chase citibank uh wells fargo and so on without a personal guarantee while it is true that some banks will not extend your credit without a personal guarantee that's not actually true across the board for all the banks in fact i'm gonna show you in this video from my cards my business cards uh the banks which are really big banks that have extended me line of credit without any personal guarantee and i'm gonna be completely transparent the credit has not been extended directly from the bank but it's actually the underwriter of the credit is a bank so i've been advised what i can do is just to leverage that relationship with that bank and after a period of time reporting payments consistently with that on the rider via the institution through where the credit was extended that i can actually reach out to the bank directly and since i already have uh a payment history with them then i can actually request a credit card directly from that bank and if you watch the video here you will figure out that that's true because i recorded a video saying that from my five thousand dollars exxon mobil credit card for which the underwriter is of wex so i was able to grab that five thousand dollar line of credit and split it uh between two different companies and uh because it was the same all the underwriter like i said it was wax the same underwriter for shell as well as exxon mobil so i was able to talk to a rep from wex and i was able to split that five thousand dollars between exxon mobil and shell and imagine if you can do that with an underwriter you can also do that with any bank well i told you that i was recently approved for a credit card from home depot so this is a credit card you can see my information and another very important thing that i want to show you is that the underwriter for this credit card for this card is actually citibank so citibank is actually the underwriter who issued uh this card and then think about it this card was provided to me like i told you with no pg no personal guarantee and it's got a limit of 7 500 so what i'm gonna do now and i'm gonna prove this to you guys i'm gonna wait until i use a card a couple of times and i accrue some payment history and i'm gonna call citibank directly and i'm gonna ask them to extend me a credit card for my business directly without any personal guarantee so as you know i am actually recording my entire uh business credit journey and i'm going to record this and i'm going to show you guys that the myth that you cannot get a credit card with our personal guarantee is going to be debunked and we're going to do it together in this channel again there are banks that is impossible to get a credit card with them without any personal guarantee that is true for instance when i recently opened the business i got three credit cards with um american express and those credit cards were given to me because i have good credit and this is a reason why i was able to personally guarantee those three credit cards with american express but because the business was brand new i believe it was the same or following year i was in business i don't think i would have been able to get those credit cards without personal guaranteeing the credit to be completely transparent there are some banks that will extend you the line of credit but you have to build that relationship first before you really request that credit from them as well as their other banks that they will not extend you any any credit let alone a credit card without personal guaranteeing that credit this is another card that i'm going to prove to you that you're able to get credit under your business without any personal guarantee as you can see here and the small letters and the very small letters you can read here that this credit card has been issued by immigrant bank now again before you request a credit card directly from any bank you will have to build that relationship indirectly i will say with the underwriter and i say indirectly because the underwriter is extending new credit via an institution for instance like home depot like they extended credit to me by a home depot as well as um best buy so they extended me credit via best buy not directly to me so again guys it is possible to acquire credit from a bank without pg this is another thing it's like if you're looking for name brand or anything like you want to have a business card from american express you want to have a business card from uh then yeah if what you care about is the name rather than the credit then you know you're gonna have to put down a pg personally myself i don't care about the name of the bank extending the credit what i'm concerned about is the credit that's being extended is going to be reported to the credit bureaus the business credit bureaus if you're finding this information useful if you find that you know we're adding value to you with this information consider subscribing to our channel that helps us to reach a wider audience if you kindly please click on the like button and ask any questions you may have i personally take the time to answer any questions that you guys are posting in the comment section below um i appreciate the time that you're taking out to learn about this information build your personal credit but remember that building personal credit is more more of a liability but when you're building business credit that's differently so you utilizing that credits you can use it for investments you can use it uh for cash preservation so there's a lot that you can do when you're building your business credit and no somebody commented once that you know usually people who are looking to have business credit they're trying to scam the system and not pay back i mean that's one of the dumbest comments that i've ever read meaning that how are you going to ruin your business credit and then you're not able to do anything with your business because your business credit is ruined it's really a dumb comment that somebody posted um business credit is for you to leverage that credit uh you can build business credit to a point that you're able to buy real estate you can invest in real estate and i'll run you a quick scenario and i click i think that i mentioned that scenario in my best and my last video so i said for instance you build your business credit to a point that a bank gives you 250 000 in credit so you can leverage that credit uh put a down payment for a property for 60 50 000 right and then say that property is an investment property that you will have to repair it um so because you have your home depot card now you can leverage also that credit to make the repairs on this property then after you fix this property it's good to go it's ready to be occupied you can either flip the property for a profit or you can actually rent the property for passive income you can rinse and repeat so really the people who are building business credit are not trying to scam the system is not to utilize the credit to not pay it back because that equally damages your credit um as if you were utilizing your personal credit the difference here is that your business credit can be leveraged to build wealth but the personal credit is a liability so anyways um thank you guys for watching the video i wanted to make this video about how you can build uh your relationship you can build a relationship with an underwriter to a point where you can contact that on the rider directly and if you're lucky and the on the rider is a big bank like citibank you are able to request a credit directly with them rather than getting a credit indirectly like i explained by a home depot or or the brex card so i want to give a shout out to one of our subscribers uh charles thank you so much for watching my content charles also have been making awesome contributions to the channel he's very well versed in the business credit arena i'm looking forward to making some kind of collaboration with him so i hope that happens soon so stay tuned for that uh again charles thank you so much for being a subscriber and also for being a uh massive contributor uh with the comments that you post regularly but that's it for me guys thank you so much for watching and i'll see you in the next video [Music] foreign