topic Re: Two businesses, two BBPs? in Business Credit

Two businesses, two BBPs?

wasCB14 — Sat, 02 Feb 2019 07:13:28 GMT

I did some searches but could only find answers for Chase and Cap One...not Amex.

I have one BBP which I use for one business and some personal expenses. Would Amex consider giving me a second BBP for a wholly unrelated business?

The second business would mostly have off-category spend, so other Amex business cards with typical bonus categories (shipping, airfare, etc.) would not be very appealing.

Re: Two businesses, two BBPs?

simplynoir — Sat, 02 Feb 2019 14:28:04 GMT

Insofar as I'm aware Chase is the only lender I know of that will allow mutliples of the same business cards as long as its identification number is different for each application. In my searching supposedly AMEX does not allow this but the information was 4-5 years old so who knows if it's accurate assuming it was in the first place. If you have a SO/spouse or trusted family member I would consider going that route depending on how much another BBP you would like.

Have you tried contacting OPEN and seeing what they have to say?

Re: Two businesses, two BBPs?

Anonymous — Sat, 02 Feb 2019 19:10:49 GMT

We have two separate business that operate out of the same office (one is a Corp. the other is an LLC) and have two separate Platinum accounts.

Re: Two businesses, two BBPs?

wasCB14 — Sat, 02 Feb 2019 22:56:05 GMT

I have not used OPEN before. I will check it out.

A lot is TBD, dependent on division of an estate's assets (income real estate, residence, cash). I'm single.

It may work out that I become a member of an LLC with immediate family, or an employee of an income property business if my share is cash and/or a residence.

I'd have to look into MR pooling and transfer rules..whether two MR accounts can feed one FF account.

My hope was that I could pay the business's real estate taxes out of pocket as an employee and get it reimbursed as an expense. The business would get to keep cash a bit longer and I'd be able to buy MRs for only the price of the CC processing fee...and it would all pool neatly with my other MR cards.

I'm the only mile enthusiast in the family and wouldn't want to keep others' FF accounts active.

Re: Two businesses, two BBPs?

simplynoir — Sun, 03 Feb 2019 02:02:39 GMT

@Anonymous wrote:
We have two separate business that operate out of the same office (one is a Corp. the other is an LLC) and have two separate Platinum accounts.

Interesting. Different business names/operations? Did the same person apply for both cards (controller, owner, etc.)?

Re: Two businesses, two BBPs?

Anonymous — Sun, 03 Feb 2019 13:57:04 GMT

The answer is yes. I can give a very recent DP as I have I opened an BBP in January as sole prop, and applied for a another BBP under my LLC and it was approved. They only limitation is the sign up bonus not being offered because I’ve had a BBP in my name already.

Re: Two businesses, two BBPs?

wasCB14 — Sun, 03 Feb 2019 20:52:13 GMT

@Anonymous wrote:
The answer is yes. I can give a very recent DP as I have I opened an BBP in January as sole prop, and applied for a another BBP under my LLC and it was approved. They only limitation is the sign up bonus not being offered because I’ve had a BBP in my name already.

Thanks!

I assume the rewards from both BBPs go into the same MR account? It's not like the LLC needs a separate set of frequent flyer accounts?

Re: Two businesses, two BBPs?

Anonymous — Mon, 04 Feb 2019 02:59:54 GMT

Thanks!

I assume the rewards from both BBPs go into the same MR account? It's not like the LLC needs a separate set of frequent flyer accounts?

Thats correct! I opted to use my current username with amex instead of creating a new one, and I have personal and two business accounts all pooling into one MR account. In the end i'll be the one using the points so it just makes thing easier. On a side note, my 1 month old soleprop BBP has a 2k limit, with only $400ish remaining available limit. I called amex if i can put a $4,000 charge on it and the CSR's joyful answer was "absolutely! you can run that charge and it will go through, we trust you!." +bonus points for amex!