02-12-2012 04:17 PM - edited 02-12-2012 04:20 PM
I said I work full time and own my own business so I work full time somewhere else that's how I have paycheck stubs.
OK. Cool. So Amex did their F/R and OK'd that you could spend 75K per month on their cards? I'm curious because I can spend 50K a month (and do periodically) but my company grosses around $4,000,000 a year with roughly a 10%-15% margin. I'd like to know because we've been thinking about switching to a Visa/Mastercard for business, but so far, no one yet wants to float us they same kind of credit line as Amex will give us. What kind of margins does your company do (if you don't mind me asking), and how much does your income from your W-2 job contribute to your ability to borrow?
02-12-2012 10:04 PM
they only approved it for 30k a month and said that as i pay it off the limit will grow bigger.
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