Credit Card Center Advertiser Disclosure

Reply
Community Leader
Super Contributor
Posts: 13,870
Registered: ‎04-16-2014

SPG Business Approval - Data Points

[ Edited ]

Some of your know this already through PM's, but figured I would put this for the public if anyone can get any information out of this.. Was approved for the SPG a few days ago wasn't instant, but approved a few days later.  Currently have Amex ED 28k, Amex SimplyCash 22k and now SPG at 15.3k.  Total Amex Exposure 65k.  Weird thing is no request for 4506-t or income verification as of yet.  Business has been incorporated around 17 years ago, but havent used it in ummm 10+ years for 1099 consulting work, but keep it active as a LLC.  So assuming they used personal income as I stated business income 0-50k, which I wasn't lieing as currently not really using the business and put accurate personal income without what I get for bonus.  Anyways long story short thought they were going to take from my SimplyCash to open this account, but wasn't the case which was kinda shocking.  

 

Typical Amex Spend on personal card around 100-500 .a month and business anywhere around 100-300ish a month obviously with some big spend for when I got the card for the bonus on the SimplyCash.. Getting 5k through the SPG shouldn't be to big of issue in the first 3 months then have 3 more months to get another 3k for the other 10k points for a total of 35k SPG points.. Figured I would grab this as a good offer first of all, hidden TL second of all and if for some reason chase takes over SPG card I have a business card with Chase.. So win-win all the way around I figure.  Hope this helps someone and debunks any AMEX financial rumors that might float around of X amt of credit your will be asked for income verification, etc..

 

Edit: additional data points Ex Fico around 700... Priror to this 1 HP in last 6 months and 3 HP's in last year.. AAOA 4+ years, AMEX MSD 1990's(parents), my personal time with AMEX 3ish years.  Income 6 figures.   Any other questions feel free to ask.  Still baddies on Exp as well such as old late CO's paid (about 6 years old) along with late pays at 6 years as well.

 

Screen Shot 2017-04-05 at 6.00.02 PM.png

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO
Moderator
Posts: 14,388
Registered: ‎10-07-2014
0 Kudos

Re: SPG Business Approval - Data Points

Well done.  Gotta love those SPG points

Senior Contributor
Posts: 3,042
Registered: ‎12-14-2014
0 Kudos

Re: SPG Business Approval - Data Points

Nice Congrats!!!!!!

When you help yourself, you feel good. But when you help somebody else get back on their feet, it’s a high that no chemical drug can ever match. It’s the greatest high in the world. It’s addictive, it’s contagious, and the world needs more of it.

Highlighted
Community Leader
Super Contributor
Posts: 13,870
Registered: ‎04-16-2014

Re: SPG Business Approval - Data Points

Speaking of amex mailed to wrong address and has a stupid 10 day rule about mailing out new card replacements of 10 day hold so wont be able to get it mailed out until saturday again and get it monday or tuesday then lesss time to meet spend.. Sure Amex is really worried about this, but makes it a bit harder for the initial 5k spend...  Stupid rule especially when they forgot to put my unit # on and it wasnt my fault

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.