topic Re: Amex Blue Business Plus Approval in Business Credit

Amex Blue Business Plus Approval

AlanGJP — Fri, 09 Jul 2021 04:53:13 GMT

Lousy $2k SL, but for my first business card, I suppose I shouldn't complain. Just sucks one day after a Discover $10k SL. Time to garden...

Re: Amex Blue Business Plus Approval

Ficoproblems247 — Fri, 09 Jul 2021 12:20:55 GMT

Congrats on your first biz card, that's awesome! I recently picked up the BBC as my first biz card and my experience with it has been great so far! The SL may be in part due to the velocity of applying for two AMEX cards within 2 months. Not that it was a bad thing to do, they are probably just being cautious. Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

Re: Amex Blue Business Plus Approval

AlanGJP — Sat, 10 Jul 2021 05:30:51 GMT

@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask

Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

Re: Amex Blue Business Plus Approval

Red1Blue — Sat, 10 Jul 2021 05:05:56 GMT

Congrats

Re: Amex Blue Business Plus Approval

ScorpioRising — Mon, 12 Jul 2021 08:00:01 GMT

I@AlanGJP wrote:
@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask
Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

Congrats on your approval! Regarding the BBP, one of the best things about that particular card is that it adjusts to your spending. In other words, it's flexible (within reason) with your use. So, even though the credit limit is $2,000, Amex will allow you to spend higher but will monitor your use/spend/payments (they do) but not overtly or aggressively.

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.

Re: Amex Blue Business Plus Approval

AlanGJP — Mon, 12 Jul 2021 14:25:04 GMT

@ScorpioRising wrote:

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.

Thanks again. $2k is somewhat limiting for my business without paying every day or two and there are sometimes occurances where I'd go over that $2k in one expense. (My expenses are generally advertising and shipping which are daily in the $100-400+ range) I should easily push $8-12k through this card a month. Thinking I'm going to get the Business Gold (Using my personal Gold right now for this reason) soon for the 4x since I'm generally paying two entities, that should work great for me with the BBP covering the rest.

Regarding carrying a ballance - I never do, on any of my cards. Honestly, that's probably the best advice anyone can give regarding credit cards. When I talk to my kids or friends, I always refer to credit cards like a loan. Too many think of credit like the bank is GIVING you money. "I got a $5k card!". No, you got the OPTION to BORROW up to $5k with fees if you take longer than 30 days to pay it back. Changing your/their thinking helps a lot.

Re: Amex Blue Business Plus Approval

ScorpioRising — Mon, 12 Jul 2021 18:25:53 GMT

@AlanGJP wrote:
@ScorpioRising wrote:

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.
Thanks again. $2k is somewhat limiting for my business without paying every day or two and there are sometimes occurances where I'd go over that $2k in one expense. (My expenses are generally advertising and shipping which are daily in the $100-400+ range) I should easily push $8-12k through this card a month. Thinking I'm going to get the Business Gold (Using my personal Gold right now for this reason) soon for the 4x since I'm generally paying two entities, that should work great for me with the BBP covering the rest.

Regarding carrying a ballance - I never do, on any of my cards. Honestly, that's probably the best advice anyone can give regarding credit cards. When I talk to my kids or friends, I always refer to credit cards like a loan. Too many think of credit like the bank is GIVING you money. "I got a $5k card!". No, you got the OPTION to BORROW up to $5k with fees if you take longer than 30 days to pay it back. Changing your/their thinking helps a lot.

You're welcome. I thought you already had the Business Gold which is why I didn't suggest it. Yes, the Biz Gold makes perfect sense for you.

Re: Amex Blue Business Plus Approval

Ficoproblems247 — Tue, 13 Jul 2021 14:21:57 GMT

@ScorpioRising wrote:
I@AlanGJP wrote:
@Ficoproblems247 wrote:
After 95 days, request a 3x increase and this will most likely be granted.

You may request your first CLI at 61 days after the account has been opened, provided you have not asked on another one of your AMEX cards yet. If denied, you must wait 91 days until they will entertain another request. If approved, you must wait 181 days until you may request again. This is for all AMEX cards across the board, not individually.

Re: Amex Blue Business Plus Approval

Anonymous — Sat, 17 Jul 2021 02:36:06 GMT

Congrats on your Approval!! Did they make you use your Social Security Number as a

@AlanGJP wrote:
@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask
Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

personal guarantor as well? Or was it just your Duns or TIN Numbers?

Re: Amex Blue Business Plus Approval

AlanGJP — Mon, 19 Jul 2021 05:00:54 GMT

I used my SSN

Re: Amex Blue Business Plus Approval

jcooks — Wed, 21 Jul 2021 21:56:53 GMT

I'm pretty much exactly like you. Got my personal Gold in March and BBP in June. Just last week (less than 61 days after account opening) I requested 3x CLI from 2k to 6k. I got theb7 to 10 days. I got an email saying they made a decision and of course the website to check that never works. I called them a few days later and they stated it was approved pending sending 3 business bank statements. I sent them 3 personal bank statements from TD. The day after requesting the CLI, I was approved for the Blue Business Cash for 9k.

Re: Amex Blue Business Plus Approval

BrooklynDrip — Wed, 28 Jul 2021 02:31:05 GMT

@ScorpioRising wrote:
I@AlanGJP wrote:
@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask
Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

Congrats on your approval! Regarding the BBP, one of the best things about that particular card is that it adjusts to your spending. In other words, it's flexible (within reason) with your use. So, even though the credit limit is $2,000, Amex will allow you to spend higher but will monitor your use/spend/payments (they do) but not overtly or aggressively.

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.

Hey can you explain the balance thing, I have a 0% promo on my Amex Blue Business Cash card and I’ve had a balance , didn’t realize it was a no, no on Biz cards. Granted I clearly know if there’s interest why I shouldn’t but even when it’s zero it’s good practice I suppose, but wondering if there’s another reason when I’m in the promo period?🤔

Re: Amex Blue Business Plus Approval

ScorpioRising — Tue, 27 Jul 2021 20:46:11 GMT

@BrooklynDrip wrote:
@ScorpioRising wrote:
I@AlanGJP wrote:
@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask
Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

Congrats on your approval! Regarding the BBP, one of the best things about that particular card is that it adjusts to your spending. In other words, it's flexible (within reason) with your use. So, even though the credit limit is $2,000, Amex will allow you to spend higher but will monitor your use/spend/payments (they do) but not overtly or aggressively.

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.
Hey can you explain the balance thing, I have a 0% promo on my Amex CM Biz card and I’ve had a balance , didn’t realize it was a no, no on Biz cards. Granted I clearly know if there’s interest why I shouldn’t but even when it’s zero it’s good practice I suppose, but wondering if there’s another reason when I’m in the promo period?🤔

@BrooklynDrip
Carrying a balance is not a no-no per se. After all, the 0% promo is meant to help you manage your cash flow in the months following. It only carries a certain amount of weight mainly when you're seeking a 2x or 3x credit limit increase.

I suppose it's from the perspective of "why should we give you more money if you can't "afford" to pay what you already owe"? This holds even more true if you're just establishing a relationship with a credit card company that doesn't yet know your spending or payment pattern.

Re: Amex Blue Business Plus Approval

BrooklynDrip — Tue, 27 Jul 2021 21:01:57 GMT

@ScorpioRising wrote:
@BrooklynDrip wrote:
@ScorpioRising wrote:
I@AlanGJP wrote:
@Ficoproblems247 wrote:
Congrats on your first biz card, that's awesome!
Thanks, I was hoping for a larger SL, but honestly I've been pulling the trigger on too many cards for the last few months. So probably my own fault for not waiting longer. That said, I'm one of those that pays off their balance daily, so $2k isn't a massive problem, although there may be those days where it might be.

The SL may be in part due to the velocity of applying for two AMEX cards within 2 months.
My gold was approved 4/11, so it's been almost three (nit picking, I know), but I hit the 60k MR bonus in my first month. I suppose it hasn't been that long, but my monthly spend is generally in the $8-12k range (depending how much I put on my Amex vs other cards) spend was all on my Delta before getting my Gold. So I've been consistantly in that range for a good 6 months or so. I have left my Delta basically linger since getting my Gold, not sure that would matter, but there's that.

Any other DPs to share for others looking to apply for AMEX biz cards? There aren't nearly as many data points out there for business cards, so anything you've got could potentially be helpful for others thinking about pulling the trigger. Maybe EX FICO 8 as shown on the AMEX site when you view it through your Delta or Gold card, number of inqs, how many new accounts over the past 6, and 12 months, business income you stated on your card app (if you're comfortable sharing that sort of thing-no biggie,) any negatives on your profile, and any other relevant info you could think of?

- First Biz card
- AAoA is low, most cards are in the 1-3 year range
- Applied for Discover Miles one day previous (Approved for $10k SL)
- Last derog was removed on the first, if Amex keeps a record, they definitely know about it
- EX reports "Credit Seeking" with about 5 or 6 HP in the last 2yr
- FICO 8 is now 743
- Zero balance (or in the $5-500 range between all cards), no negatives, no lates, clean profile on EX and TU, few months before EQ is clean. I rarely carry a balance unless I forget or charge something and it doesn't clear before statement cuts.
- Anything else, feel free to ask
Thanks for the kudos. Anyone have some datapoints for BBP CLIs? I'll likely be pushing $8-12+k through this card a month without carring a balance. Have been using my gold card, going to use that for personal expenses from here on out. I'll keep you updated should I get a decent CLI (or a crappy one - either way).

Congrats on your approval! Regarding the BBP, one of the best things about that particular card is that it adjusts to your spending. In other words, it's flexible (within reason) with your use. So, even though the credit limit is $2,000, Amex will allow you to spend higher but will monitor your use/spend/payments (they do) but not overtly or aggressively.

If you need to make a particularly large purchase, call to let them know for approx how much. After 95 days, request a 3x increase and this will most likely be granted. The most important thing is to not carry a month to month balance on the card, even if you have a 0% intro offer for 12 months.
Hey can you explain the balance thing, I have a 0% promo on my Amex CM Biz card and I’ve had a balance , didn’t realize it was a no, no on Biz cards. Granted I clearly know if there’s interest why I shouldn’t but even when it’s zero it’s good practice I suppose, but wondering if there’s another reason when I’m in the promo period?🤔

@BrooklynDrip
Carrying a balance is not a no-no per se. After all, the 0% promo is meant to help you manage your cash flow in the months following. It only carries a certain amount of weight mainly when you're seeking a 2x or 3x credit limit increase.

I suppose it's from the perspective of "why should we give you more money if you can't "afford" to pay what you already owe"? This holds even more true if you're just establishing a relationship with a credit card company that doesn't yet know your spending or payment pattern.

Makes sense, thanks!