topic Re: Amazon net 55/Fuelman/amex business prime in Business Credit

Amazon net 55/Fuelman/amex business prime

jlpaca — Tue, 25 Jan 2022 16:40:20 GMT

I have an LLC that's about 3 years old, that I am building credit for. I started with the Shell small business card, and was recently approved for the Fuelman card backed by Synchrony bank. I've been researching credit and was looking at the Amazon net 55. I saw that it helps to have the Fuelman first. I just opened a Amazon business prime account and applied for the Amazon Amex Prime card for $3k.

Should I wait on the net 55 after getting the Fuelman for a couple months or jump in an apply for the net 55?

Re: Amazon net 55/Fuelman/amex business prime

M_Smart007 — Tue, 25 Jan 2022 19:19:19 GMT

Congrats on your AmEx Amazon Prime Approval.

"and was recently approved for the Fuelman card backed by Synchrony bank."

Is not the Fuelman card a "Fleetcor" backed product?

https://www.fuelman.com/

Re: Amazon net 55/Fuelman/amex business prime

4sallypat — Tue, 25 Jan 2022 19:49:26 GMT

@jlpaca wrote:
I have an LLC that's about 3 years old, that I am building credit for. I started with the Shell small business card, and was recently approved for the Fuelman card backed by Synchrony bank. I've been researching credit and was looking at the Amazon net 55. I saw that it helps to have the Fuelman first. I just opened a Amazon business prime account and applied for the Amazon Amex Prime card for $3k.
Should I wait on the net 55 after getting the Fuelman for a couple months or jump in an apply for the net 55?

Ha, I just did something similar too!

Mine is a sole prop about 10 years old and started building business credit.

I got Prime Business account linked w/ personal (Dual account), applied for the Amex Amazon Prime Business, and waited 2 months (Billing cycles) in order to get tradelines established on Business EX as well as D&B.

The reason I waited is that a YouTuber: GetBusinessCredit said that Synchrony wants to see some business tradelines reporting first on the Amazon Net 55 app.

As soon as my business credit was reporting 2 months later, I just apped and got the Amazon Net 55 $5K (NO PG) !

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Tue, 25 Jan 2022 21:14:35 GMT

That's terrific!! Congratulations on all your Approvals!! 🎉🥂👏

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Tue, 25 Jan 2022 21:17:43 GMT

@4sallypat wrote:
@jlpaca wrote:
I have an LLC that's about 3 years old, that I am building credit for. I started with the Shell small business card, and was recently approved for the Fuelman card backed by Synchrony bank. I've been researching credit and was looking at the Amazon net 55. I saw that it helps to have the Fuelman first. I just opened a Amazon business prime account and applied for the Amazon Amex Prime card for $3k.
Should I wait on the net 55 after getting the Fuelman for a couple months or jump in an apply for the net 55?
Ha, I just did something similar too!
Mine is a sole prop about 10 years old and started building business credit.
I got Prime Business account linked w/ personal (Dual account), applied for the Amex Amazon Prime Business, and waited 2 months (Billing cycles) in order to get tradelines established on Business EX as well as D&B.

The reason I waited is that a YouTuber: GetBusinessCredit said that Synchrony wants to see some business tradelines reporting first on the Amazon Net 55 app.

As soon as my business credit was reporting 2 months later, I just apped and got the Amazon Net 55 $5K (NO PG) !

Question for you @4sallypat

Based on this chart and my own experience thus far, both my Business AMEX Accounts don't report to D&B or EX Business. Are you seeing your AMEX accounts actually report to EX Business?

Re: Amazon net 55/Fuelman/amex business prime

4sallypat — Fri, 28 Jan 2022 03:41:06 GMT

@cashorcharge wrote:
@4sallypat wrote:
@jlpaca wrote:
I have an LLC that's about 3 years old, that I am building credit for. I started with the Shell small business card, and was recently approved for the Fuelman card backed by Synchrony bank. I've been researching credit and was looking at the Amazon net 55. I saw that it helps to have the Fuelman first. I just opened a Amazon business prime account and applied for the Amazon Amex Prime card for $3k.
Should I wait on the net 55 after getting the Fuelman for a couple months or jump in an apply for the net 55?
Ha, I just did something similar too!
Mine is a sole prop about 10 years old and started building business credit.
I got Prime Business account linked w/ personal (Dual account), applied for the Amex Amazon Prime Business, and waited 2 months (Billing cycles) in order to get tradelines established on Business EX as well as D&B.

The reason I waited is that a YouTuber: GetBusinessCredit said that Synchrony wants to see some business tradelines reporting first on the Amazon Net 55 app.

As soon as my business credit was reporting 2 months later, I just apped and got the Amazon Net 55 $5K (NO PG) !
Question for you @4sallypat
Based on this chart and my own experience thus far, both my Business AMEX Accounts don't report to D&B or EX Business. Are you seeing your AMEX accounts actually report to EX Business?

No, Amex business products do not report to D&B or EX business.

I merely referred to aging my other tradelines and business cards that do report to Biz EX and D&B so that Synchrony will see them on my business credit.

My Amex Amazon account was put in to show the sequence of credit apps I did.

When I first apped for the Amazon Net 55 account 3 months ago, I was denied.

Folks on Youtube said to wait until at least a couple of tradelines & cards show up before applying.

Sure enough after tradelines & revolving credit got reported, I was now approved.

Here is my post on the new account just opened today with DP:

https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-55-Commercial-BLOC-5-000-SL-No-PG-No-personal-HP/td-p/6479907

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Fri, 28 Jan 2022 03:42:01 GMT

@4sallypat wrote:
@cashorcharge wrote:
@4sallypat wrote:
@jlpaca wrote:
I have an LLC that's about 3 years old, that I am building credit for. I started with the Shell small business card, and was recently approved for the Fuelman card backed by Synchrony bank. I've been researching credit and was looking at the Amazon net 55. I saw that it helps to have the Fuelman first. I just opened a Amazon business prime account and applied for the Amazon Amex Prime card for $3k.
Should I wait on the net 55 after getting the Fuelman for a couple months or jump in an apply for the net 55?
Ha, I just did something similar too!
Mine is a sole prop about 10 years old and started building business credit.
I got Prime Business account linked w/ personal (Dual account), applied for the Amex Amazon Prime Business, and waited 2 months (Billing cycles) in order to get tradelines established on Business EX as well as D&B.

The reason I waited is that a YouTuber: GetBusinessCredit said that Synchrony wants to see some business tradelines reporting first on the Amazon Net 55 app.

As soon as my business credit was reporting 2 months later, I just apped and got the Amazon Net 55 $5K (NO PG) !
Question for you @4sallypat
Based on this chart and my own experience thus far, both my Business AMEX Accounts don't report to D&B or EX Business. Are you seeing your AMEX accounts actually report to EX Business?

No, Amex business products do not report to D&B or EX business.

I merely referred to aging my other tradelines and business cards that do report to Biz EX and D&B so that Synchrony will see them on my business credit.

My Amex Amazon account was put in to show the sequence of credit apps I did.

When I first apped for the Amazon Net 55 account 3 months ago, I was denied.
Folks on Youtube said to wait until at least a couple of tradelines & cards show up before applying.

Sure enough after tradelines & revolving credit got reported, I was now approved.
Here is my post on the new account just opened today with DP:
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-55-Commercial-BLOC-5-000-SL-No-PG-No-personal-HP/td-p/6479907

Thanks for clarying @4sallypat

I thought you had unlocked a hidden treasure I was missing!

Re: Amazon net 55/Fuelman/amex business prime

jlpaca — Tue, 25 Jan 2022 22:20:20 GMT

I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?

Re: Amazon net 55/Fuelman/amex business prime

M_Smart007 — Wed, 26 Jan 2022 17:43:53 GMT

@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?

@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;

https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Thu, 27 Jan 2022 03:05:05 GMT

@M_Smart007 wrote:
@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?
@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809

I hope my Net55 reports. I figured since it was provided by SYNC and how crazy they are....that for sure it was going to report and likely immediately. Here's hoping....

Re: Amazon net 55/Fuelman/amex business prime

4sallypat — Thu, 27 Jan 2022 14:48:06 GMT

@cashorcharge wrote:
@M_Smart007 wrote:
@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?
@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809
I hope my Net55 reports. I figured since it was provided by SYNC and how crazy they are....that for sure it was going to report and likely immediately. Here's hoping....

Yes, from what GetBusinessCredit said the Net 55 line does indeed report to Biz EX and D&B.

Re: Amazon net 55/Fuelman/amex business prime

M_Smart007 — Thu, 27 Jan 2022 16:47:22 GMT

@cashorcharge wrote:
@M_Smart007 wrote:
@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?
@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809
I hope my Net55 reports. I figured since it was provided by SYNC and how crazy they are....that for sure it was going to report and likely immediately. Here's hoping....

@cashorcharge, From everything I have read, the Net55 does report

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Thu, 27 Jan 2022 17:01:43 GMT

@M_Smart007 wrote:
@cashorcharge wrote:
@M_Smart007 wrote:
@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?
@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809
I hope my Net55 reports. I figured since it was provided by SYNC and how crazy they are....that for sure it was going to report and likely immediately. Here's hoping....
@cashorcharge, From everything I have read, the Net55 does report

Thanks @M_Smart007

If I may...let me toss out another question to you, @jlpaca & @4sallypat . My account is open, my CL is established and my terms are Net55....so in my mind, the invoice is due 55 days after the transaction date.

As you'll notice below, they are actually giving me 73 days to pay. My account is scheduled to generate a statement on February 10th as per SYNC so it appears they are giving me 55 days from the date of the statement generating, not the date of the transaction. Perhaps just my misunderstanding of Net55 terms but regardless, thought I would share this if someone hadn't encountered it yet.

Re: Amazon net 55/Fuelman/amex business prime

M_Smart007 — Thu, 27 Jan 2022 17:15:18 GMT

@cashorcharge,

No way would I chance having a late payment.

I always pay as soon as possible.

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Thu, 27 Jan 2022 17:29:17 GMT

@M_Smart007 wrote:
@cashorcharge,
No way would I chance having a late payment.
I always pay as soon as possible.

Thanks and agreed...I was wondering:

If there's a ZERO Balance (meaning I am paying the invoice today...well before the statement) would it still generate some reporting activity and report at the statement date?
If I just wait until Feb 10, get the statement and pay, it should post something to the CB's giving me the account activity I am looking for.

I know SYNC is weird and throwing in the "business" aspect may add a layer of complexity. However, I agree 100%..I don't need the time to pay and this was my first purchase to try it out. It'll be interesting to see how/what reports going forward.

Re: Amazon net 55/Fuelman/amex business prime

4sallypat — Thu, 27 Jan 2022 18:43:57 GMT

@cashorcharge wrote:
@M_Smart007 wrote:
@cashorcharge wrote:
@M_Smart007 wrote:
@jlpaca wrote:
I watched that channel also. I didn't directly apply but I got an email saying they approved me for the amazon net 30. It seems the net 55 is the more popular product. Does the net 30 get reported?
@jlpaca,

From what I have read .. net 30 ... ~~or "revolver" according to @GApeachy .~~Edited for my error

Does not report?

See this thread;
https://ficoforums.myfico.com/t5/Business-Credit/Amazon-Net-30-Do-they-report-this-type-of-account-to-DnB-or/m-p/5702461#M26809
I hope my Net55 reports. I figured since it was provided by SYNC and how crazy they are....that for sure it was going to report and likely immediately. Here's hoping....
@cashorcharge, From everything I have read, the Net55 does report
Thanks @M_Smart007
If I may...let me toss out another question to you, @jlpaca & @4sallypat . My account is open, my CL is established and my terms are Net55....so in my mind, the invoice is due 55 days after the transaction date.

As you'll notice below, they are actually giving me 73 days to pay. My account is scheduled to generate a statement on February 10th as per SYNC so it appears they are giving me 55 days from the date of the statement generating, not the date of the transaction. Perhaps just my misunderstanding of Net55 terms but regardless, thought I would share this if someone hadn't encountered it yet.

Yes, this is normal.

Net 55 terms start when the statement is cut.

So in actuality, you have more than 55 days to pay after the transaction.

But as @M_Smart007 said - it's better to pay ahead of the due date.....

Re: Amazon net 55/Fuelman/amex business prime

M_Smart007 — Thu, 27 Jan 2022 18:56:23 GMT

@cashorcharge wrote:
@M_Smart007 wrote:
@cashorcharge,
No way would I chance having a late payment.
I always pay as soon as possible.
Thanks and agreed...I was wondering:
If there's a ZERO Balance (meaning I am paying the invoice today...well before the statement) would it still generate some reporting activity and report at the statement date?
If I just wait until Feb 10, get the statement and pay, it should post something to the CB's giving me the account activity I am looking for.

I know SYNC is weird and throwing in the "business" aspect may add a layer of complexity. However, I agree 100%..I don't need the time to pay and this was my first purchase to try it out. It'll be interesting to see how/what reports going forward.

@cashorcharge, On the NET 14/30/55 accts. I always pay ASAP.

I believe it show's if you pay early/on time/late

MHO, is pay the "NET" accts. as soon as they will let you pay.

On revolving credit, especially @ 0% APR promo rate, I let them cut with the cards maxed out,

then pay down, so it shows to other potential lenders, that you are actually using the credit given.

ALL my Major / VIsa/MC/AmEx have reported with the full CL used. (with the exception of Brex)

Again, it is my humble opinion, that they like to see large amounts paid off or paid in full.

I try to do this with personal as well. Maybe @GApeachy has something/thoughts to add here?

Re: Amazon net 55/Fuelman/amex business prime

GApeachy — Thu, 27 Jan 2022 19:22:43 GMT

@M_Smart007 wrote:
Maybe @GApeachy has something/thoughts to add here?

Sorry, I'm worthless here. For one, I can't remember and for the other they won't show any old stmts. for me to view their due date and amt. owed. It's been too long since the acct. was active. All I could view was past payment history and those 3 they show were all under $50/each and it looks like I pd. them a few days later.

Re: Amazon net 55/Fuelman/amex business prime

cashorcharge — Thu, 27 Jan 2022 19:29:03 GMT

@GApeachy wrote:
@M_Smart007 wrote:
Maybe @GApeachy has something/thoughts to add here?
Sorry, I'm worthless here. For one, I can't remember and for the other they won't show any old stmts. for me to view their due date and amt. owed. It's been too long since the acct. was active. All I could view was past payment history and those 3 they show were all under $50/each and it looks like I pd. them a few days later.

Thanks @M_Smart007 for the feedback on processing NetX versus CL account. Makes perfect sense and I will follow that rule

@GApeachy Thank you for the chiming in...always appreciated.

@4sallypat Thank you as well. It was your list of NetX accounts that inspired me in the first place!

Re: Amazon net 55/Fuelman/amex business prime

JimmiS — Fri, 04 Nov 2022 20:15:39 GMT

Is there any spreadsheets out there newer than this?