The Rich Somers Report Exposing Credit Card Hacks They Don't Want You To Know | Jack McColl E344
May 10, 2025
Jack McColl, known as “The King of Debt,” is a savvy entrepreneur and founder of Credit Stacking. He shares his incredible journey from zero business credit to securing $500,000 in under a year. The conversation dives into maximizing credit card benefits, with tips on 0% interest capital and recommending various credit cards for travel and business. They also discuss balancing fitness with professional success, thrilling adventures like kitesurfing in South America, and the lavish comforts of first-class flying. Jack’s insights are sure to inspire entrepreneurs looking to finance their dreams.
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Use Low-Risk NAICS Codes
- Use lower-risk NAICS codes on business credit applications, bank accounts, and Dun & Bradstreet profiles to get higher credit limits.
- Align all business descriptions consistently to improve credit limit approvals.
High Personal Limits Boost Business Credit
- Maintain $40,000 to $80,000 total personal credit limits on primary credit cards to maximize business funding results.
- Exclude authorized user cards; focus on primary credit card limits for better underwriting.
Use 0% Business Cards Strategically
- Use 0% interest business credit cards for capital up to 9-18 months to fund investments like fix and flips.
- Always plan a clear repayment path before borrowing on 0% cards or lines of credit.