topic Re: New AmEx Pre-Qualify Tool for Business Cards in Business Credit

New AmEx Pre-Qualify Tool for Business Cards

BlueMystic — Sun, 28 Apr 2019 10:28:04 GMT

I just noticed AmEx seems to have launched some kind of pre-qualification tool for their business products:

https://www.americanexpress.com/us/credit-cards/business/prequalify-for-business-credit-card

Anyone have any luck or experience with this? There doesn't seem to be a way to "log in" so that it knows you're a personal cardmember.

Mine resulted in no offers, but that may be due to my bureaus being frozen.

Curious to hear others' experiences as I'm a happy personal cardmember (Platinum and SPG) but am considering opening a business card for my business.

Re: New AmEx Pre-Qualify Tool for Business Cards

GApeachy — Sun, 28 Apr 2019 11:04:25 GMT

Hey, thank you for the heads up.

Re: New AmEx Pre-Qualify Tool for Business Cards

ironchef — Sun, 28 Apr 2019 11:33:58 GMT

Yes Same here ! Mine is as well.

Re: New AmEx Pre-Qualify Tool for Business Cards

pizza1 — Sun, 28 Apr 2019 23:59:35 GMT

I checked , no offers either, and I'm frozen too.

Re: New AmEx Pre-Qualify Tool for Business Cards

Revelate — Mon, 29 Apr 2019 00:29:08 GMT

Nada for me which isn't very surprising given I hit my limit on credit extension with Amex apparently.

3 Personal cards and a SCP in a pear tree.

Re: New AmEx Pre-Qualify Tool for Business Cards

Credit-hoarder — Mon, 29 Apr 2019 01:04:16 GMT

Nothing for me either--as I'm pretty sure I'm at max exposure for my reported income also. Plus the only thing I might qualify for anyway would be charge cards b/c I now have 5 revolvers.

Re: New AmEx Pre-Qualify Tool for Business Cards

credit_is_crack — Tue, 30 Apr 2019 01:32:06 GMT

Tried it out and Nada for me. I have 5 revolvers so not sure if its that or just my profile, or both (3 personal revolvers, 2 business revolvers and 1 personal charge)

Re: New AmEx Pre-Qualify Tool for Business Cards

shoegal — Tue, 30 Apr 2019 03:50:07 GMT

Nothing for me. I do have 5 Amex revolvers. 2 Personal and 3 biz.

Re: New AmEx Pre-Qualify Tool for Business Cards

Anonymous — Thu, 02 May 2019 03:06:58 GMT

Nada for me. 1 amex biz revolver and 1 amex personal revolver, both a month and a half old, biz is 1 year old.

Re: New AmEx Pre-Qualify Tool for Business Cards

Anonymous — Fri, 03 May 2019 15:16:39 GMT

I guess they dont want Amex card holders? I got an offer but I am not read to apply just yet... Fico is around 760 on all three, no Amex cards since 2008 Charged off account, opt out of offers but not frozen accountAmex.JPG

Re: New AmEx Pre-Qualify Tool for Business Cards

BlueMystic — Fri, 03 May 2019 00:29:41 GMT

Would those of you reporting your experiences with the pre-qualifier mind kindly sharing some data points, too?

For example: relationship with AmEx (if any), are your bureaus frozen, FICO range, etc.

I think we'd all appreciate it.

Re: New AmEx Pre-Qualify Tool for Business Cards

DoogieBall — Sat, 04 May 2019 12:17:17 GMT

@BlueMystic wrote:
Would those of you reporting your experiences with the pre-qualifier mind kindly sharing some data points, too?

For example: relationship with AmEx (if any), are your bureaus frozen, FICO range, etc.

I think we'd all appreciate it.

No PreQual for me

BK 8 year discharge.

Amex EveryDay - Dec 2018

Amex Simply Cash Business - Dec 2018

Nothing Frozen

FICO EX661 TU673 EQ705

Just a side note: I requested a CLI for the Simply Cash after100+ days and called no-joy. BK was the reason.

Re: New AmEx Pre-Qualify Tool for Business Cards

credit_is_crack — Sat, 04 May 2019 21:13:25 GMT

No prequal results

Pristine report, zero negatives

Existing Amex Cards: MS 2015

Amex Gold (pers), since 2015
Amex BCP $30,000, since 2015
Amex Magnet $9,000, since 2018
Amex Schwab $10,000, since 2019
Amex Blue Business Plus $9,000, since 2018
Amex Amazon Business Prime $10,000, since 2018

All CRA's unlocked

FICO 8 < EX 765, EQ 764, TU 785

FICO 9 < EX 798, EQ 797, TU 800

1% UTI, TCL just a hair over $500,000

Re: New AmEx Pre-Qualify Tool for Business Cards

Bees18 — Tue, 07 May 2019 19:25:41 GMT

Prequal for me for 4 cards:

credit history: a little over a year

score: 770

no baddies

no new cards in 6 months

3 inq

Not an Amex holder

No prequal for husband:

credit History almost 14 years

scores around 800

No baddies

No new cards in 3 months

5 inq in the last two years

Has one Amex biz card already that's 6 months old

Weird.

Re: New AmEx Pre-Qualify Tool for Business Cards

BlueMystic — Tue, 07 May 2019 20:04:48 GMT

@Bees18 wrote:
Prequal for me for 4 cards:

credit history: a little over a year
score: 770
no baddies
no new cards in 6 months
3 inq
Not an Amex holder

No prequal for husband:
credit History almost 14 years
scores around 800
No baddies
No new cards in 3 months
5 inq in the last two years
Has one Amex biz card already that's 6 months old

Weird.

Thanks! Do either of you have your bureaus (esp. Experian) frozen?

Re: New AmEx Pre-Qualify Tool for Business Cards

Bees18 — Tue, 07 May 2019 21:03:41 GMT

No, neither of has anything frozen

Re: New AmEx Pre-Qualify Tool for Business Cards

Anonymous — Wed, 08 May 2019 15:56:47 GMT

So far it seems like the tool is geared towards non Amex Cardholders.

Re: New AmEx Pre-Qualify Tool for Business Cards

sjt — Wed, 08 May 2019 22:56:31 GMT

@BlueMystic wrote:
Would those of you reporting your experiences with the pre-qualifier mind kindly sharing some data points, too?

For example: relationship with AmEx (if any), are your bureaus frozen, FICO range, etc.

I think we'd all appreciate it.

No Business Card Offers.

DP:

CRA's locked
Amex customer since 99'
Current Amex, Platinum since 2016 (NPSL & $35K POT) and Optima since 2015 ($10K CL)
Had offers for Loan $25K at 7.96 APR
FICO: 789, 800, 822
At one point invited to apply for a Gold Charge with lowest APR on POT.

Re: New AmEx Pre-Qualify Tool for Business Cards

ChargedUp — Thu, 09 May 2019 04:40:20 GMT

No Soup for me!

Amex Gold , BCE and Simply Cash + holder

EX 730, TU 740, EQ 743

No negatives, AAoA 3 years

Re: New AmEx Pre-Qualify Tool for Business Cards

GeorgiaBulldog — Thu, 09 May 2019 05:28:53 GMT

Nothing locked down here, all scores in the 750-760 range, and like many others, no prequal.

Not surprised at all since I have 5 revolvers and 6 charge cards, and they took part of one revolver's limit to open my most recent 5th.