topic Corporate AMEX can I be denied?? in Credit Cards

Corporate AMEX can I be denied??

turts14 — Thu, 05 Jul 2012 21:28:42 GMT

I have started a new job and they are going to add me and get me my own corporate AMEX card. My credit is approx 640 will they pull my credit? Can I be denied even though they have existing accounts and I am just being added?

Also wil this report on my credit report?

Thank you all

Re: Corporate AMEX can I be denied??

pizzadude — Thu, 05 Jul 2012 21:35:09 GMT

turts14 wrote:
I have started a new job and they are going to add me and get me my own corporate AMEX card. My credit is approx 640 will they pull my credit? Can I be denied even though they have existing accounts and I am just being added?

Also wil this report on my credit report?

Thank you all

I have heard of people reporting that they have been declined, but it is sometimes due to being blacklisted by AMEX for prior unpaid CO accounts. Sometimes companies have the option to obtain a different type of Corp Card, like a direct paid card or something similar, if AMEX declines to open an account.

Re: Corporate AMEX can I be denied??

turts14 — Thu, 05 Jul 2012 21:36:41 GMT

I beleive it is all under one account just another card with another name on it?

Re: Corporate AMEX can I be denied??

pizzadude — Thu, 05 Jul 2012 21:38:13 GMT

turts14 wrote:
I beleive it is all under one account just another card with another name on it?

It varies by company ~ sometimes companies may just add you as an authorized user to an existing account.......other times you have to apply for your own account thru AMEX.

Re: Corporate AMEX can I be denied??

turts14 — Thu, 05 Jul 2012 21:49:43 GMT

I am 95% certain that I would just be added to the account as an authorized user and given a card with my name on it. In that case sounds like I will be just fine right?

Thank you all again!

Re: Corporate AMEX can I be denied??

injustifiiable — Thu, 05 Jul 2012 22:26:04 GMT

I believe as long as you haven't burned AMEX in the past, you're good.

I was added to a Small Business account in 2009 when my credit was worse...the system did ask for my SSN but my credit wasn't even pulled. I'm sure the SSN is just required to make sure you aren't on AMEX's naughty list.

Re: Corporate AMEX can I be denied??

Comet21 — Thu, 05 Jul 2012 22:46:05 GMT

My wife just joined a very big Energy company that we would all recognize and they provided her a company Amex. We included Amex in our Ch. 7 BK.

Re: Corporate AMEX can I be denied??

Rhaeny — Fri, 06 Jul 2012 14:43:11 GMT

When I started a new job in 2007, I had an active bk on all CR's. I have to travel out of the country a lot so the AMEX was needed since I didn't have any credit cards. I bit my nails waiting for the approval, but it wasn't even an issue. I beleive like someone else said, that I was just added on as an AU. I still have the card and I have never had an issue with making any transactions.

Re: Corporate AMEX can I be denied??

CS800 — Fri, 06 Jul 2012 15:08:25 GMT

I beleive Corp AMEX is like being put on the main company account as an AU.

I have one and got one when my credit was not great at all.

Re: Corporate AMEX can I be denied??

Walt_K — Fri, 06 Jul 2012 15:13:55 GMT

Even if you have to apply for your own card, the standards are probably more lax. I had to apply for a corporate Diner's Club card at my last job. I don't know what my scores were at the time, but if I had to estimate, they were mid-500s. I was initially denied due to delinquent accounts. I had 7 accounts that had gone between 90 and 150 days late, but I had brought them all current. I wrote a recon letter pointing out that while I had several late payments, it was due to a period of unemployment and all accounts were now current. They gave me the card. And this was in early 2009. I'd think you'd be fine for a corporate Amex with a 640.

Re: Corporate AMEX can I be denied??

pizzadude — Fri, 06 Jul 2012 16:43:43 GMT

One more point here is that once you establish your member since date with your Corp AMEX any future personal AMEX cards can be backdated to it.

Re: Corporate AMEX can I be denied??

android01 — Fri, 06 Jul 2012 16:49:27 GMT

I can confirm that if you've burned AMEX in the past, you'll not likely get a card even as an AU on a business card. I have 8 AU's (employees) on my Business Platinum. I made a new hire, and when I tried to add him as an AU, AMEX denied him.

Re: Corporate AMEX can I be denied??

ptkdude — Fri, 06 Jul 2012 17:36:59 GMT

I had the same concerns a few years ago when I needed to get an Amex Corporate Card for my employer (a very large corporation). My credit was horrible with probably not a single good trade line. I had no problem getting the card. I started cleaning up my credit in 2010, and got a personal Amex Zync last year and a Delta Gold just last month. Both were backdated to 2008 to match the corporate card.

Re: Corporate AMEX can I be denied??

CS800 — Fri, 06 Jul 2012 17:40:29 GMT

pizzadude wrote:
One more point here is that once you establish your member since date with your Corp AMEX any future personal AMEX cards can be backdated to it.

Happened the opposite for me.

I had an optima platinum in 2000, but got my corp amex in 2005. But my Corp AMEX says member since 2000

Re: Corporate AMEX can I be denied??

injustifiiable — Fri, 06 Jul 2012 17:58:59 GMT

android01 wrote:
I can confirm that if you've burned AMEX in the past, you'll not likely get a card even as an AU on a business card. I have 8 AU's (employees) on my Business Platinum. I made a new hire, and when I tried to add him as an AU, AMEX denied him.

+100

Re: Corporate AMEX can I be denied??

turts14 — Fri, 06 Jul 2012 21:29:46 GMT

Sounds like given the circumstances I should be just fine. Thank you all for your help.

One more question will this report on my credit report? or only if I sign up for an AMEX card in the future on my own then it will back date it?

Re: Corporate AMEX can I be denied??

ptkdude — Sat, 07 Jul 2012 00:57:21 GMT

turts14 wrote:
Sounds like given the circumstances I should be just fine. Thank you all for your help.

One more question will this report on my credit report? or only if I sign up for an AMEX card in the future on my own then it will back date it?

My corporate Amex does NOT report on my credit report, though my Zync and Delta trade lines show opened the same year as the corporate card. One other note: for the corporate card I did have to provide my SSN, but that was only so they could identify me if I called in to customer service.

Re: Corporate AMEX can I be denied??

android01 — Sat, 07 Jul 2012 04:17:48 GMT

turts14 wrote:
Sounds like given the circumstances I should be just fine. Thank you all for your help.

One more question will this report on my credit report? or only if I sign up for an AMEX card in the future on my own then it will back date it?

No. My business AMEX does not report on my personal credit report, and no, it doesn't report of my AU's either.

Re: Corporate AMEX can I be denied??

jgmlk1108 — Sat, 07 Jul 2012 19:50:51 GMT

No, they will not deny you (atleast with one I had awhile ago). They will give you a lower limit than unlimited. I think with mine it was $2,000 limit. I had to supply my SSN but it was for identification purposes only. I was worried and asked my office manager and she verified everyone was fine, I guess it depends on how many people have the card and are apart of your company. My company had thousands of Amex's so the company guaranteed them no matter what. They did a HP which I found weird, but I think it had more to do with identity purposes.

Re: Corporate AMEX can I be denied??

cassembler — Sat, 07 Jul 2012 20:15:44 GMT

jgmlk1108 wrote:
No, they will not deny you (atleast with one I had awhile ago). They will give you a lower limit than unlimited. I think with mine it was $2,000 limit. I had to supply my SSN but it was for identification purposes only. I was worried and asked my office manager and she verified everyone was fine, I guess it depends on how many people have the card and are apart of your company. My company had thousands of Amex's so the company guaranteed them no matter what. They did a HP which I found weird, but I think it had more to do with identity purposes.

+1, I believe mine was a hard pull, my FICO at the time was probably ~600 with open collections, and the company had to do a secured $2000 deposit... Really kind of embarassing. Not a small company either (about 1000 employees). I saw a new hard inquiry (which I did not initiate) about a year ago and now have an unlimited account (better scores).