Tier 6 Checklist
Tier 6 Checklist
Step 1: Check Your Credit Reports
Before applying for any new credit lines, check your credit reports to be sure you have the minimum number of tradelines reporting to D&B and Equifax/Experian. If Nav’s business credit reports aren’t providing you with the details you need, now would be a good time to purchase full business credit reports so you can better monitor exactly what’s going on.
Step 2: Ask Previous Vendors for Credit Limit Increase
Just like in Tier 4, if there are a few revolving accounts you’ve had for at least 90 days, ask for a credit limit increase – especially for frequently used accounts.
Step 3: Business Credit Application
NET Term: Revolving
Report To: D&B, Experian
Instructions: You will need to already be a Sam’s Club member to apply. Visit the website and click the “Apply Now” button. Input your membership and personal details. You will then click to apply for the “Sam’s Club Business Credit Card”.
NET Term: Revolving
Report To: D&B
Instructions: Call corporate headquarters at (800) 440-0680 for a “Target Business Card” application. You will need to mail or fax the application back. Alternatively, you may apply physically in-store.
Report To: D&B
Full Video Transcript
Welcome guys to the Tier 6 Account Blueprint. So this one’s going to be fairly quick because all we’re doing is this maximizing all the store retail cards available at this level before we start applying for cash credit. So all I’m going to do is really quickly just cover the vendor list. So, at this point, you more than likely have exhausted all of the vendors on this sheet and research other corporate credit cards. So most of these cards probably don’t report to the bureaus and or they’re going to require you to do social security, use your social security number as a personal guarantee. So again, you may have to, but my whole goal was to get you to maximize all of the revolving credit first. So there’s really a few options here. Number one is a Revolving Walmart Corporate Credit Card.
So you can, and they’re going to report to Experian and Equifax, not Dun & Bradstreet. They may have updated it. So we need to look at this one. Sam’s Club as well, Sam’s Club and Walmart, essentially the same and then Target. So these are just basically maximizing all of the revolving accounts at the store level, right? And these are generally vendors that we’re going to be using anyway. So, you are probably already doing business with these places, which is good. So just apply for these accounts. This one is going to report to Dun & Bradstreet as an example in the list isn’t as exhaustive with tier 6, because essentially what we’re doing is just trying to get all of the retail revolving accounts that we can get before we get to tier 6. So, apply for these accounts, go back and look at the other ones that’s on the list.
Make sure we’re, we’re getting our tier 6 goals and I’ll see you in the next module. If for whatever reason you get declined, not a big deal. Just make sure you’re maximizing with those other accounts that I broke down in module 5. With tier 5 with the secure cards, the secure business cards. I cover that in module 5 and module 4. So those are still going to be some solid options that you can apply with as well. Assuming you haven’t already, and you get declined for these, just apply for those, those secure cards to beep up your revolving credit that way. And then we’ll be positioned. Assuming we hit those goals with tier 6 to apply for our tier 7 cash credit.