topic Re: Amazon Net55 and Commercial Revolving in Business Credit

Amazon Net55 and Commercial Revolving

Creditaddict — Wed, 10 Jun 2015 21:31:21 GMT

So about 2 months ago I shockingly got approved for the Amazon Net 55 for a whopping $7k.

Well a couple weeks ago I applied for the revolving account and just received the letter saying they couldn't verify my phone number.

Just going through this this morning with my 76 Commercial account I called up and I got transferred and she was the wrong department for new accounts but she said did you say you have a net55 already? you are not suppose to have both.

I said well shoot, I much rather have revolving than net 55.

She said if you have a zero balance, I can request to have it converted to a revolving account.

WHAT?! YES PLEASE!

She said it will take a few days and someone should contact me.

If it is really that easy I will be so excited!

Re: Amazon Net55 and Commercial Revolving

Anonymous — Wed, 10 Jun 2015 21:33:17 GMT

congrats! CA

Re: Amazon Net55 and Commercial Revolving

CreditUnionFan — Mon, 15 Jun 2015 08:47:06 GMT

@Creditaddict wrote:
So about 2 months ago I shockingly got approved for the Amazon Net 55 for a whopping $7k.
Well a couple weeks ago I applied for the revolving account and just received the letter saying they couldn't verify my phone number.
Just going through this this morning with my 76 Commercial account I called up and I got transferred and she was the wrong department for new accounts but she said did you say you have a net55 already? you are not suppose to have both.
I said well shoot, I much rather have revolving than net 55.
She said if you have a zero balance, I can request to have it converted to a revolving account.
WHAT?! YES PLEASE!
She said it will take a few days and someone should contact me.
If it is really that easy I will be so excited!

CA,

What are the perks of using the Amazon Commercial Revolving other than it being its own credit line?

Does Synchrony offer extended promotional financing on the commercial account, like they do on the personal store card?

Are there other rewards or perks?

I opened a separate Amazon Business login, but made my first purchase using my Amazon Business Visa I already had.

Re: Amazon Net55 and Commercial Revolving

Creditaddict — Mon, 15 Jun 2015 14:45:44 GMT

No perks that I know of

Re: Amazon Net55 and Commercial Revolving

NY2014 — Mon, 15 Jun 2015 17:13:11 GMT

CONGRATULATIONS
CA

I was declined For both Net 55 & Rovolving
Just received my Letter reasons to many new open account open recently (4) High utility
23% 29k avail 11k balance now $O they reported it before I had could make payment before cut of on my Delta business . I made a payment only the due balance I was trace in a that time I should have waited to apply . 2 inquiries EQ. Oh well . Are they good a recon ?

Re: Amazon Net55 and Commercial Revolving

Creditaddict — Mon, 15 Jun 2015 17:14:37 GMT

Apply for it with NO PG!

Re: Amazon Net55 and Commercial Revolving

NY2014 — Mon, 15 Jun 2015 17:16:41 GMT

I did . 2 inquiries on my business EQ not on personal .

Re: Amazon Net55 and Commercial Revolving

NY2014 — Mon, 15 Jun 2015 17:39:13 GMT

I think the problem and or the issue is for some reason I gave s split file Business/ DNB reports. I had my company since 2005 but relocated to a different state filed 2011. Incorporated 2014 (foreign) same EIN.my sister i put as general Manager.filed my PL audit (mistake) DNB (listed wait figure this out)
My sisters name as what my Company Name and also listed My company Name with Two different Duns # When I tried and request them to correct the error . There response , we cannot change the name you have to apply for a new Duns # meantime.i was checking my company report and nothing was reporting . So divided to check under my sisters dun and all my credit was reporting in her name.and the irony about that is Her name isn't registered but if you look up my company it will come up as my compsny name but report in her company name. In conclusion I told my sister you have a business now with good credit. So find a hobby and build The story to this D&B would only change it at the time if I had bought there product I declined. How would I correct this ?

Re: Amazon Net55 and Commercial Revolving

NY2014 — Mon, 15 Jun 2015 18:32:42 GMT

CA if I can ask what would your choice to apply for Business LC $50k US Bank ? And Citizen bank I inquired about there LC business no doc $50k Would I have to open an account ? My personal credit
Low 700 31% util. EQ 13 inq, Ex, 6, TU 4in
Hoping to pay down to at least 21% util. AA 2.4yr history 10.2 yr my incomevi is good
Just for my quarterly state . 6 figures self 4 yrs.mybonly problem is if image to open an account with U.S bank to qualify ? And what's the requirements . Score wise ? Or any other suggestions bank I can look into ?
Thanks if you have some advise or anyone
Appreciated ?

Re: Amazon Net55 and Commercial Revolving

Creditaddict — Mon, 15 Jun 2015 18:46:13 GMT

I think of you have been in business over 3 years you can apply for usbank line of credit.
They seem to favor relationship and as we continue to do more banking with them the easier things get.
They love for you to come into a branch which I'm still getting use too

Re: Amazon Net55 and Commercial Revolving

Creditaddict — Mon, 15 Jun 2015 18:46:51 GMT

If you put $25k in accounts you can be platinum and that will help I think

Re: Amazon Net55 and Commercial Revolving

B335is — Mon, 15 Jun 2015 21:10:23 GMT

That's weird, I have both the revolving account and Net55 with them. Must've slipped through the crack

Re: Amazon Net55 and Commercial Revolving

Creditaddict — Mon, 15 Jun 2015 22:02:47 GMT

I don't think she knew... Still hasn't converted

Re: Amazon Net55 and Commercial Revolving

NY2014 — Tue, 16 Jun 2015 01:28:38 GMT

Thanks CA you gave me an idea and I thought about it so I went to my banks .there all a block from each other . Chase , cap1 Metro Bank ,
Metro Bank is a merchant bank Asian bank only offer personal $10 k max, Mainly Letter of credit export/import .skip Chase because my banker while in bank summit an increase approval from $20k to 50k she told me she has the level she can authorize . Up to $50k because I have a good relationship with them and knows me as a good customer.. I asked if they can do something about the interest 15% but she said then that will request a inquiry I said just the cli will do at 15% lol . To be honest I told her I was thinking moving my account to Chase haha .abd it worked .. I think I'm going to close my Budiness checking with chase because I don't use TD bank hardly and chase honestly I don't like there products and to many restrictions .they offered me a balance transfer on my CSP I said ok so I did a balance transfer 14k over to my Navy fed Gobrewards I charged used no foreign fees last month on the 7 th day they declined my balance tranfer without notice or reason. Only the rep said I have a a fraud alert on my file. Computer flagged it . Do to I just had that a few days ago I had s attempt charge unauthorized and they canceled my my card and sent me a new card I called chase before had to make sure it did not effect my balance tranfer was told it's still pending and not declined . So I don't want a card that I always have to stress about if a charge or not going through or flagged purchase over 3k with a $20k limit I always leave ac$0 balance on CSP. So I'll replace it with a venture travel.. ;?