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Regular Contributor
junior88
Posts: 232
Registered: ‎03-26-2011
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Applying for a Amex Corp card with IBM

Question for my friend who will be starting with IBM. He has a bk on file from 7 years ago. Never had an amex account ever so has never burned amex. Does anyone know if the BK will cause an issue for him getting a Corp Card?  I assume IBM is the liable party on this but I'm not sure how this works any longer. Will they even check his credit or will it be all on IBM credit profile?

 

Thanks for any info you can provide.

4/7/14 TU 729 4/7/14 EX 705

Wells Fargo Visa $7000/Lowe's $5000/Discover More $4500/State Farm $4000/Nationwide Visa $3500/GM Card $3000/PPMC $3000/Frontier $2500/Sam's Club $2500/Amazon $2200/Macy's $2100/AmEx Costco $2000/WalMart $2000/Old Navy Visa $2000/WalMart Discover $1800/Sam's Club MC $1500/CapOne QS $1100/Chase Freedom $1000/AmEx Delta $1000/US Bank Platinum $1000/CapOne QS $1000/Elan $1000
Wells Fargo PLOC $5000
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frugalQ
Posts: 479
Registered: ‎03-23-2012
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Re: Applying for a Amex Corp card with IBM

I work for a large company comparable in size to IBM. When I got my Corp card (in 2004), I was told that they didn't pull my credit. Also, it doesn't report on my credit report.

The employee is basically treated as an AU/ACM on the company's account. Only difference is that it doesn't show up on CR.
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
Regular Contributor
junior88
Posts: 232
Registered: ‎03-26-2011
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Re: Applying for a Amex Corp card with IBM

That's what I was thinking as well but I am reading that some corps are pulling it off the employees credit and they are partially liable.

4/7/14 TU 729 4/7/14 EX 705

Wells Fargo Visa $7000/Lowe's $5000/Discover More $4500/State Farm $4000/Nationwide Visa $3500/GM Card $3000/PPMC $3000/Frontier $2500/Sam's Club $2500/Amazon $2200/Macy's $2100/AmEx Costco $2000/WalMart $2000/Old Navy Visa $2000/WalMart Discover $1800/Sam's Club MC $1500/CapOne QS $1100/Chase Freedom $1000/AmEx Delta $1000/US Bank Platinum $1000/CapOne QS $1000/Elan $1000
Wells Fargo PLOC $5000
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frugalQ
Posts: 479
Registered: ‎03-23-2012
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Re: Applying for a Amex Corp card with IBM

Things have changed since I got my corp card, so they may now pull emp credit.

I'm sure IBM has an AMEX travel dept that should be able to answer all of your friend's questions.
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
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gstq34
Posts: 116
Registered: ‎06-08-2013
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Re: Applying for a Amex Corp card with IBM

My wife had an Amex corp card years back with a multinational.  They puled her credit, but never reported the account.  Stinks to get a HP for an account you get no "good" reporting out of!



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pizzadude
Posts: 9,174
Registered: ‎01-28-2010
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Re: Applying for a Amex Corp card with IBM

Yeah I think they'll likely pull his credit, as with most companies I think that you are personally liable for the account, but if you don't qualify for AMEX's charge card there is probably a company guarenteed AMEX charge card, or something similar, that he can request.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Regular Contributor
junior88
Posts: 232
Registered: ‎03-26-2011
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Re: Applying for a Amex Corp card with IBM

That's the major question, most large Corps don't make the employee personally liable for the account. After all, it is to only be used for work expenses. I would think others have been in his shoes and have still been able to get the Amex Corp Card.

4/7/14 TU 729 4/7/14 EX 705

Wells Fargo Visa $7000/Lowe's $5000/Discover More $4500/State Farm $4000/Nationwide Visa $3500/GM Card $3000/PPMC $3000/Frontier $2500/Sam's Club $2500/Amazon $2200/Macy's $2100/AmEx Costco $2000/WalMart $2000/Old Navy Visa $2000/WalMart Discover $1800/Sam's Club MC $1500/CapOne QS $1100/Chase Freedom $1000/AmEx Delta $1000/US Bank Platinum $1000/CapOne QS $1000/Elan $1000
Wells Fargo PLOC $5000
Moderator
09Lexie
Posts: 25,016
Registered: ‎09-13-2012
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Re: Applying for a Amex Corp card with IBM

I had an Amex Corp Gold Card and my credit was not pulled. YMMV, my card was issued to me over 12 years ago.
Senior Contributor
Open123
Posts: 4,089
Registered: ‎02-23-2011
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Re: Applying for a Amex Corp card with IBM


junior88 wrote:

Question for my friend who will be starting with IBM. He has a bk on file from 7 years ago. Never had an amex account ever so has never burned amex. 


No, he shouldn't have any issues.

 

For those who have defaulted on Amex, they would be declined in this case.  For IBM, this isn't an issue; but, there have been cases where businesses have defaulted and Amex has gone after the employee AU holders.

Regular Contributor
junior88
Posts: 232
Registered: ‎03-26-2011
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Re: Applying for a Amex Corp card with IBM

Ok, cool. So sounds like with IBM my friend should be fine as long as he has never burned Amex and IBM hasn't as well which we all know they have not. It apprears IBM's card they are taking the liability for it....my friend would just be and AU?

4/7/14 TU 729 4/7/14 EX 705

Wells Fargo Visa $7000/Lowe's $5000/Discover More $4500/State Farm $4000/Nationwide Visa $3500/GM Card $3000/PPMC $3000/Frontier $2500/Sam's Club $2500/Amazon $2200/Macy's $2100/AmEx Costco $2000/WalMart $2000/Old Navy Visa $2000/WalMart Discover $1800/Sam's Club MC $1500/CapOne QS $1100/Chase Freedom $1000/AmEx Delta $1000/US Bank Platinum $1000/CapOne QS $1000/Elan $1000
Wells Fargo PLOC $5000

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