Solved: Applying for Square Credit Card Affect Future Squa...

Panda24

Hello! I was just offered a Square Credit Card and I was wondering if it would affect future loan offers. Has anyone had experience with this.

TheRealChipA

@Panda24 Not at all. As I mentioned in my post you replied to:

You can have EITHER a Square credit card. OR a Square Loan. Having one negates the other. otherwise there is a risk we could get over extended.

Keep in mind that not everyone is being offered a Square Credit Card right now. It is still in beta testing, I think.

Chip

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Piper’s Ice Cream Bar, Covington KY USA
Website
Facebook
Click here to see a list of third-party apps I use to add functionality to my Square account!

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TheRealChipA

Hey there @Panda24

You can have EITHER a Square credit card. OR a Square Loan. Having one negates the other. otherwise there is a risk we could get over extended.

Chip

If my answer resolves your issue, please take a minute to mark it as Best Answer. That helps people who find this thread in the future.

Piper’s Ice Cream Bar, Covington KY USA
Website
Facebook
Click here to see a list of third-party apps I use to add functionality to my Square account!

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Panda24

Are they just offering credit cards instead of loans now?

TheRealChipA

@Panda24 Not at all. As I mentioned in my post you replied to:

You can have EITHER a Square credit card. OR a Square Loan. Having one negates the other. otherwise there is a risk we could get over extended.

Keep in mind that not everyone is being offered a Square Credit Card right now. It is still in beta testing, I think.

Chip

If my answer resolves your issue, please take a minute to mark it as Best Answer. That helps people who find this thread in the future.

Piper’s Ice Cream Bar, Covington KY USA
Website
Facebook
Click here to see a list of third-party apps I use to add functionality to my Square account!

जो है सो है

Twpchair

Thank you! I have been trying to **bleep** that fast! A few users in the testing phase who were offered a card and hit yes, by chance just received an offer and accepted it. It snuck through but again this was during the testing phase and now they have fixed that issue! It clearly states that you can have one or the other because of what you mentioned above. Square is not going to overextend you to the point where you are finding it difficult to pay back both. Thank you again for clearing that up! Like anything new, there are always hiccups along the way and this was one. But it's fixed now.

Square Champion, Square Champion Innoventor, Square Champion Expert, Square Champion
Advisor.

Twpchair

Yes, you can't apply for one yet, it is still being just offered to others outside of Beta testing according to 2 weeks ago in one of messages I received about addressing it correctly. It's been running smoothly for the 3 mths now or so and glitches, no more offers for both at the same time or during the process of getting the card, and boom an offer came in at the same time. All that is working great and NO more cross-over misses.

Square Champion, Square Champion Innoventor, Square Champion Expert, Square Champion
Advisor.

Panda24

Ok. Thanks for your knowledge! I was confused since I actively have a loan and was offered the card during my payoff period. It totally makes sense. Have you heard positive feedback from accepting the card?

Panda24

Thank you! I've just never seen it or heard about it. Just trying to figure out which is better now.

Applying for Square Credit Card Affect Future Square Loans