Business credit card

[Bryan Almodovar]

Hello everyone, I have been looking into getting information from banks in regards to a business credit card. My plan is too use a business credit card to be able to put a down payment on a property, using seller financing. Now as for using the business credit card, I am all for being the guarantee. I am not looking to get sucked out of this method of putting down on a property, but seeking experiences from investor who have used this method previously. I look forward to everyones reply! And Thank you in advance!

[Alexander Felice]

The downpayment is generally required in cash, commonly a wire transfer.

This means you'll have to do a cash advance with your card, and pay the astronomical rates and fees that go along with it.

I have never head of this method being used, there are certainly ways to borrow money but this one doesn't seem efficient.