Reply
Frequent Contributor
SevenNEW
Posts: 447
Registered: ‎08-24-2011

Re: American Express Application Status "In Progress".

[ Edited ]

flyingmd wrote:

I believe that AMEX wont deny you just because it is a new business. As a matter of fact, i have received many pre offers for the 2 new business I opened earlier this year by Amex so my guess is that they are looking for new businesses to grow with. Approval is going to depend on your personal credit report. If its a new business (and I would be upfront and candid when you call in about this), my guess is they will want to see either the articles of incorporation (if a corp or LLC for instance), or a bank statement in the business name. Something that shows them it is indeed a legitimate business. That has been my impression in the 30 years I have been with them, not necessarily fact. If anyone has a different opinion or experience with them (AMEX), I would love to hear it.


This is correct. She applied today and was approved instantly. Her personal scores are good and no inq's, and I think that is all that really counted. Thanks to everyone for the advice!!

SevenNEW, Zen Gardener - "Think about it, the garden is better than the Orchard!!"
In the Garden!
4.2K 10K 20K
Established Contributor
laboi_22
Posts: 634
Registered: ‎07-07-2011

Re: American Express Application Status "In Progress".

I think it's a variety of factors. I applied today after having applied 4 other times for a personal account and just got approved with 12 recent inquires and a fairly low credit score due to all the new accounts. Other than that my credit history is clear. My score was 658 EQ when the approved me.

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+