I just recently got a job where I need to apply for a corporate amex card. The problem is, my credit score is in the 700's, but I have some issues in the past (delinquency etc. 5 yrs ago). Will I get declined? Has anyone been through this with Amex? Thanks.
You wont have any problem getting your Corporate Card. It wont appear on your credit reports as a TL though. Your company is guarranteeing that the account will be paid, so try and not worry about it. Been there done that...
I just applied for one in April and was actually denied. It was good and bad actually. Good because it made me check my credit report and I found several major errors. Bad obviously, because it was quite embarrassing. I called and asked for reconsideration and explained that there were some major errors on my report that I had been unaware of but was working to have deleted. They approved me right away then!
You may not get turned down for the corp card but you will be responsible for paying the bill in a timely manner elese it will go on your CR. I work for a company in the finance dept and the requires exec's and ithers to have corp cards and my company makes it clear that it is the EMPLOYEES responsible to pay the bill on time
I applied for the AMEX Gold Delta Skymiles corporate card and was approved online. I received a phone call requesting verification of some information on the appl. I asked if the card would report to our Dunn & Bradstreet and my personal CR. The representative told me they would report to both. That's the reason I wanted the card so that it would show as a TL on my CR. Was I given erroneous information?
Is personal credit an issue when being issued a company credit card. I just landed an executive position and will be receiving a corporate card. I am a little nervous as my scores are mid 500's to 600's. Will this be an issue or will they approve anyways because it is a corporate card?
Yes, personal credit does play a part in receiving a corp card. My company has not issued Corp cards to employees that have a low score. Although corp cards have the comp name on it it is the employees responsibility to pay the card on a timely basis and if the employee leaves the company w/ a balance the company will hold the last ck or expense rep to play that bill and if you do not have either coming to you a negitave mark will go on your credit rep. They same responsibility you take to pay your personal cc on time is the same way you will need to pay your corp card on time..
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.