Frequently Asked Questions
Below is a list of the most commonly-asked questions from our members and guests, and it's a great way to familiarize yourself with the information on how our membership works, what it can do for your business, and what the benefits of being a member are.
To read the answer to a question, click its title.
What is a NET30 Account?
A NET30 account extends you credit terms for purchasing products and services without submitting payment at the time of purchase. Each purchase will be due in full within 30 days of the date of purchase. BCC does not charge interest on credit extended for balances that are paid in full, on time. Once approved, you can purchase items from our store and cloud based products and service on NET30 terms.
Down payments may be required on physical products for new accounts.
How do I apply for a virtual or physical card?
This feature has not been released yet, but once it is available, we will provide you with instructions on how to apply for a virtual or physical card.
Who can apply for a NET30 account?
Business NET30 accounts from BCC can only be applied for by the owner of a business or an authorized signer for the business with at least 25% ownership of the company. You must be a US based business with a valid EIN number and no delinquencies in the business credit report.
What do I get for my monthly membership?
Executive Lounge Membership Includes:
- Shop from our store for products you may need for the home/office.
- Build a listing for your company products and services and market to 1,000's of other business owners.
- Access our digital resource library.
- Artificial Intelligence tools to help you address business related processes.
- Monthly payment experiences with us reported to our business credit agency partners.
- A NET 30 account to buy now and pay later. (If Approved)
- Access to our Business Forms Library.
- Email Support
What can I do using your AI tools?
You can have AI create detailed business plans, create a logo or slogan for your organization and design strategic marketing plans to fit your target demographic.
We are always developing new tools to use in this area so check often to take advantage of this time saving technology.
I didn’t get my verification email. What do I do?
First, check with your bank to see if the transaction went through. If it did, send an email to support@bccsupplies.com containing the email you registered with and the name of your business . We will try to activate your account manually and let you know when it is done. If you cannot log in during this process, try the reset password link. If that email does not come through, there may have been an error when entering your email during the signup process.
How long does it take to get my card?
BCC does not currently send credit cards to our members. We extend our qualifying members credit based on a NET30 basis for the purchase of physical products and the use of our tools and resources. You are not able to charge costs from outside companies. Our underwriters process applications with 72 hours of submission.
If I don’t use my NET 30 account will it be closed?
We will not close your account for non usage. Accounts will be closed upon written request.
What happens if I use my credit line and then don’t pay the bill?
Access to the Executive Lounge Community may be restricted if you have past due balances. A late fee of $29 will be assessed on any balance not paid by 11:59PM EST on the day it is due. Also, It is very important to provide accurate information as well. We encourage you to update your profile to reflect any changes (such as address, telephone, etc.)
Can I apply for a physical/virtual credit card with no reporting history?
Yes, however, the issued card will be classified as unsecured, meaning it doesn't require collateral to secure the credit line. Instead of relying on assets as a guarantee, you will need to pay a deposit, which acts as a safeguard for the credit issuer. This type of card can be a good option for building or rebuilding credit, as it allows cardholders to demonstrate responsible credit usage without needing to tie up significant collateral.
What is an unsecured card?
An unsecured card is a type of credit card that doesn’t require any upfront deposit or collateral from the user. Unlike secured cards, which typically need a cash deposit as a security measure, unsecured cards are issued based on the applicant’s creditworthiness. This means approval and credit limits are determined by factors like credit score and financial history rather than a security deposit. Unsecured cards are the most common type of credit card and are widely used for everyday purchases, building credit, and managing expenses.
What is a secure card?
A secured card is a type of credit card that requires a cash deposit as collateral. This deposit typically becomes the card’s credit limit, so if you deposit $500, that’s usually your spending limit. Secured cards are commonly used by people with little or no credit history or by those working to rebuild their credit. The deposit protects the card issuer in case the cardholder doesn’t pay their balance, making it easier for those with lower credit scores to qualify. Over time, responsible use of a secured card can help improve credit and may lead to qualifying for an unsecured card.