topic Re: Approved for AmEx Amazon Business Prime - so what does this mean? in Business Credit

Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Tue, 21 Apr 2020 04:02:25 GMT

This is my first business card I've been approved for, applied with SSN. What does this mean for me in terms of getting future approvals for, say, the Plum Card from AmEx? That's my next goal, I applied around the same time as the ABP and was declined. Not sure if the requirements are starkly different, or they only felt like issuing me one card.

I am not knowledgeable on how business credit is reported (much less how it works as a sole proprietor applying with an SSN), so any info in this area will be extremely helpful.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Tue, 21 Apr 2020 06:34:24 GMT

AmEx allows two revolvers in 90 days personal and business.
You can apply for charge cards.
Your approvals depend on your profile.
congratulations

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

MyFault — Wed, 22 Apr 2020 17:43:58 GMT

Congrats on your approval! I love mine.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 01:42:35 GMT

Currently sitting at a $3000 SL. Question - since this does not report monthly to the bureaus (under normal paid-as-agreed circumstances), does this mean I can pay for something over time without running up my revolving utilization %?

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 02:41:30 GMT

@MyFault wrote:
Since you applied via Sole Prop and your SSN, you have no "business credit" ... The only time you'll have business credit report to business credit, or build a business credit score is via LLC, S-Corp, etc.

Are you referring specifically to AMEX? If not, these claims are in conflict with my personal experience (ie, I use SS# & have business credit lines). Where are you getting your information from?

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 05:53:56 GMT

@Anonymous wrote:
Currently sitting at a $3000 SL. Question - since this does not report monthly to the bureaus (under normal paid-as-agreed circumstances), does this mean I can pay for something over time without running up my revolving utilization %?

Correct. When you check out and pay with Amex Prime you will have an option 60 days 0% term or 5% back. It does not report to personal nor to business.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 09:20:02 GMT

You're all set on your journey. The card will start reporting on the business reporting side in the next 90 days. Let the card simmer a bit and you'll be on to the next card in no time.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

WayneSki — Wed, 22 Apr 2020 19:00:00 GMT

@Anonymous wrote:
@MyFault wrote:
Since you applied via Sole Prop and your SSN, you have no "business credit" ... The only time you'll have business credit report to business credit, or build a business credit score is via LLC, S-Corp, etc.
Are you referring specifically to AMEX? If not, these claims are in conflict with my personal experience (ie, I use SS# & have business credit lines). Where are you getting your information from?

I think he's trying to say,if you apply for a card with a *SSN only* and no EIN. It's not going to report to your business credit profile.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 22:58:21 GMT

@WayneSki wrote:
@Anonymous wrote:
@MyFault wrote:
Since you applied via Sole Prop and your SSN, you have no "business credit" ... The only time you'll have business credit report to business credit, or build a business credit score is via LLC, S-Corp, etc.
Are you referring specifically to AMEX? If not, these claims are in conflict with my personal experience (ie, I use SS# & have business credit lines). Where are you getting your information from?
I think he's trying to say,if you apply for a card with a *SSN only* and no EIN. It's not going to report to your business credit profile.

Selected sole prop, SSN, I don't have an EIN. If it makes any difference, the next card I was thinking of applying for was with AmEx, as well.

Even if I don't get a business score (some posts seem to indicate I might?) I'm curious how much the existing biz product relationship would help me qualify for the second product.

I'd really like to have the Plum. No outstanding benefits but it's just a unique card I'd like to have in my wallet. I feel safe with AmEx as they are amazing at resolving disputes on the side of the member, so I don't mind using several of their products.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Wed, 22 Apr 2020 23:56:56 GMT

@WayneSki wrote:
@Anonymous wrote:
@MyFault wrote:
Since you applied via Sole Prop and your SSN, you have no "business credit" ... The only time you'll have business credit report to business credit, or build a business credit score is via LLC, S-Corp, etc.
Are you referring specifically to AMEX? If not, these claims are in conflict with my personal experience (ie, I use SS# & have business credit lines). Where are you getting your information from?
I think he's trying to say,if you apply for a card with a *SSN only* and no EIN. It's not going to report to your business credit profile.

Right. And my question was he specifically referring to AMEX CC, or a business CC in general. Because I have a business credit profile w/score & report and I use SS# only, no EIN.

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

Anonymous — Thu, 23 Apr 2020 13:20:22 GMT

Congratulations on your approval! 👍

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

AllZero — Thu, 23 Apr 2020 17:30:31 GMT

Congratulations on your approval!

Re: Approved for AmEx Amazon Business Prime - so what does this mean?

M_Smart007 — Thu, 07 May 2020 01:10:18 GMT

Congratulations on your approval!