topic Re: Blue Business Plus approval - $10K SL in Business Credit

Blue Business Plus approval - $10K SL

Aim_High — Tue, 06 Sep 2022 18:03:54 GMT

As I exit the garden, I decided to add my first AMEX business card. I'm seriously considering closure of my AMEX Gold personal card after two years unless there is a sweet retention offer. While I like the Gold card, the fee/credits situation just doesn't add up for me. However, I have a pot of unused MRs that I need to keep, so adding an MR-earning card was a wise idea. The Everyday/Everyday Preferred cards didn't appeal and I liked the idea of not only a soft pull but a card that won't show on my personal reports as a new account. And if I were to keep the Gold, the BBP is an excellent companion earning 2x MRs up to $50K with no AF. (Honestly, they need a personal card like this anyway!)

Like with my Chase INK card, I applied using a minor "sole proprietorship" side-gig which only is a very small part of my household income. Chase had approved me for $9K so I hoped for at something in that ballpark. AMEX approved me for a similar $10K SL. Not bad. Plus, with the $75K they had approved on my personal Marriott Bonvoy Brilliant, that still puts me at $85K total exposure with them on just two cards, or $103K if you count the $18K on my Gold Pay-over-Time.

The SUB is the standard 15K MRs* for spending $3K in three months.

(150K MRs corrected thanks to wasCB14's acute proofreading)

I have a few other cards in my sights after going 0/24 for new inquiries but this one was most urgent due to protecting the MRs.

Thanks to the community for the data points on AMEX and business credit to help me along the way!

Re: Blue Business Plus approval - $10K SL

cashorcharge — Thu, 01 Sep 2022 23:12:50 GMT

Great start out the gate @Aim_High WooHoo!! Congratulations on your AMEX Approval!!👏🏼🍾🥂

Re: Blue Business Plus approval - $10K SL

CreditCuriosity — Thu, 01 Sep 2022 23:35:11 GMT

Enjoy the card.. Got out of the MR game to much of a headache for me personally and use this Business cash card at 2% a ton now use to have BBP card which is a good card if value MR's. Grats on your approval. Can't bring myself to getting and of the AF business cards even with MR offers as did the whole collection a few times with personal and ended up getting bad value how I used them aka cash out without schwab or similiar.

Re: Blue Business Plus approval - $10K SL

SouthJamaica — Thu, 01 Sep 2022 23:41:13 GMT

@Aim_High wrote:
As I exit the garden, I decided to add my first AMEX business card. I'm seriously considering closure of my AMEX Gold personal card after two years unless there is a sweet retention offer. While I like the Gold card, the fee/credits situation just doesn't add up for me. However, I have a pot of unused MRs that I need to keep, so adding an MR-earning card was a wise idea. The Everyday/Everyday Preferred cards didn't appeal and I liked the idea of not only a soft pull but a card that won't show on my personal reports as a new account. And if I were to keep the Gold, the BBP is an excellent companion earning 2x MRs up to $50K with no AF. (Honestly, they need a personal card like this anyway!)

Like with my Chase INK card, I applied using a minor "sole proprietorship" side-gig which only has a very minor part of my household income. Chase had approved me for $9K so I hoped for at something in that ballpark. AMEX approved me for a similar $10K SL. Not bad. Plus, with the $75K they had approved on my personal Marriott Bonvoy Brilliant, that still puts me at $85K total exposure with them on just two cards, or $103K if you count the $18K on my Gold Pay-over-Time.

The SUB is the standard 150K MRs for spending $3K in three months.

I have a few other cards in my sights after going 0/24 for new inquiries but this one was most urgent due to protecting the MRs.

Thanks to the community for the data points on AMEX and business credit to help me along the way!

Congratulations It's a good card.

Re: Blue Business Plus approval - $10K SL

Stealth-1 — Fri, 02 Sep 2022 02:06:12 GMT

@Aim_High - Congrats on your approval! 👍

Re: Blue Business Plus approval - $10K SL

blindambition — Fri, 02 Sep 2022 02:17:58 GMT

Congrats on the solid approval!! Not to get off business focus, but I agree on your personal card perspective. CM should be a general 2% CB, and MR option introduced.

Re: Blue Business Plus approval - $10K SL

Aim_High — Fri, 02 Sep 2022 20:44:22 GMT

@cashorcharge wrote:
Great start out the gate @Aim_High WooHoo!! Congratulations on your AMEX Approval!!👏🏼🍾🥂
= = = = = = = = = =
@CreditCuriosity wrote:
Enjoy the card.. Got out of the MR game to much of a headache for me personally and use this Business cash card at 2% a ton now use to have BBP card which is a good card if value MR's. Grats on your approval. Can't bring myself to getting and of the AF business cards even with MR offers as did the whole collection a few times with personal and ended up getting bad value how I used them aka cash out without schwab or similiar.

Thanks @cashorcharge and @CreditCuriosity! Yes, I know MRs can be quite valuable but it all depends on how you redeem. Their redemption rate tends to vary much more widely than Chase URs, so I think long-term I'll be sticking with them. Meanwhile, between my SUB and spending, I don't want to waste the points I've accrued. Cash back (even with Schwab) seems a poor value compared to other options. They offer transfer promotions regularly (a bunch going on now) and bonuses up to about 25% over regular rates.

Re: Blue Business Plus approval - $10K SL

Aim_High — Fri, 02 Sep 2022 20:48:57 GMT

@SouthJamaica wrote:
Congratulations It's a good card.
= = = = = = = = = = = = = = =
@Stealth-1 wrote:
@Aim_High - Congrats on your approval! 👍
= = = = = = = = = = = = = = =
@blindambition wrote:
Congrats on the solid approval!! Not to get off business focus, but I agree on your personal card perspective. CM should be a general 2% CB, and MR option introduced.

Thanks very much @SouthJamaica, @Stealth-1, and @blindambition!

By the way, I checked into MR point transfer (Gold to BBP) and don't see where that is an option. Is that just since I don't have any points on the BBP yet and will it show up later? With Chase, moving URs is very easy in the portal between card accounts. I hope I wasn't mistaken about being able to transfer or pool URs between MR personal and business cards or I may have just wasted my time.

Re: Blue Business Plus approval - $10K SL

Stealth-1 — Fri, 02 Sep 2022 22:13:39 GMT

@Aim_High wrote:
@SouthJamaica wrote:
Congratulations It's a good card.
= = = = = = = = = = = = = = =
@Stealth-1 wrote:
@Aim_High - Congrats on your approval! 👍
= = = = = = = = = = = = = = =
@blindambition wrote:
Congrats on the solid approval!! Not to get off business focus, but I agree on your personal card perspective. CM should be a general 2% CB, and MR option introduced.
Thanks very much @SouthJamaica, @Stealth-1, and @blindambition!

By the way, I checked into MR point transfer (Gold to BBP) and don't see where that is an option. Is that just since I don't have any points on the BBP yet and will it show up later? With Chase, moving URs is very easy in the portal between card accounts. I hope I wasn't mistaken about being able to transfer or pool URs between MR personal and business cards or I may have just wasted my time.

I recently closed my AMEX Platinum and Plum business cards and afterwards the accumulated MR points from them were available to use on the dashboard of 2 of my 4 personal AMEX credit cards (Everyday and Blue) – the BCP and BCE weren’t eligible. If the Gold is eligible for transferring MR points (not sure why it wouldn't), there might be a slight delay for them to show up on your BBP dashboard. Or it's possible the Gold card has to be closed first to make the MR points transferable. I would ask them to make sure. I found that using the site chat feature is usually quicker than calling and holding. Explain the situation and usually the rep can quickly resolve it. If possible, ask for an AMEX case #, in case you need to follow up again. 👍

Re: Blue Business Plus approval - $10K SL

Jordan23ww — Fri, 02 Sep 2022 22:39:38 GMT

Congratulations on your approval and nice starting limit!

Re: Blue Business Plus approval - $10K SL

SouthJamaica — Fri, 02 Sep 2022 22:56:09 GMT

@Stealth-1 wrote:
@Aim_High wrote:
@SouthJamaica wrote:
Congratulations It's a good card.
= = = = = = = = = = = = = = =
@Stealth-1 wrote:
@Aim_High - Congrats on your approval! 👍
= = = = = = = = = = = = = = =
@blindambition wrote:
Congrats on the solid approval!! Not to get off business focus, but I agree on your personal card perspective. CM should be a general 2% CB, and MR option introduced.
Thanks very much @SouthJamaica, @Stealth-1, and @blindambition!

By the way, I checked into MR point transfer (Gold to BBP) and don't see where that is an option. Is that just since I don't have any points on the BBP yet and will it show up later? With Chase, moving URs is very easy in the portal between card accounts. I hope I wasn't mistaken about being able to transfer or pool URs between MR personal and business cards or I may have just wasted my time.
I recently closed my AMEX Platinum and Plum business cards and afterwards the accumulated MR points from them were available to use on the dashboard of 2 of my 4 personal AMEX credit cards (Everyday and Blue) – the BCP and BCE weren’t eligible. If the Gold is eligible for transferring MR points (not sure why it wouldn't), there might be a slight delay for them to show up on your BBP dashboard. Or it's possible the Gold card has to be closed first to make the MR points transferable. I would ask them to make sure. I found that using the site chat feature is usually quicker than calling and holding. Explain the situation and usually the rep can quickly resolve it. If possible, ask for an AMEX case #, in case you need to follow up again. 👍

I'm not an expert, having only one MR-generating account myself, but I'm pretty sure they all get automatically pooled into a single MR account, rather than separate MR accounts for each card. If I'm wrong I'm sure @K-in-Boston or @FinStar will straighten me out.

Re: Blue Business Plus approval - $10K SL

K-in-Boston — Fri, 02 Sep 2022 23:09:34 GMT

@SouthJamaica is correct. All MR earning cards should pool automatically into a single account, no moving of points (a la Chase) or calling to have rewards accounts merged (a la Citi). If your MR balance is showing 0 on the BBP and you have MRs on another account, something is amiss. (I think I have seen this when someone creates an additional login for a card, and that could be remedied by finding the "add account to account management" link and adding the new card, which removes it from the additional online account.)

Congrats on the approval. It'a a great card, and will be moving back to my daily driver now that the spend threshold goal for Delta Reserve is wrapping up.

Re: Blue Business Plus approval - $10K SL

PullingMeSoftly — Fri, 02 Sep 2022 23:29:30 GMT

Very nice jedi master @Aim_High, congrats! My first time even looking at the business forum, but saw the addition in your signature (yes admittedly I still stalk your signature lol). Interesting to see you venturing further into MR points. With your Amex Brilliant and Gold cards, it's a nice setup. Is there a Plat in your future (maybe Schwab or the MS)?

Re: Blue Business Plus approval - $10K SL

Stealth-1 — Sat, 03 Sep 2022 03:13:22 GMT

@SouthJamaica not sure if you were replying to me or @Aim_High.

Yes, the MR points themselves are pooled under just one MR points account - I was just saying after closing the business accounts those points (from that one MR points account) were available to use on my Everyday and Blue. Yes, I only have one AMEX login account and see all my AMEX cards from there, including from when I had the business Platinum and Plum cards.

So it's possible in @Aim_High's case they still need to link his new BBP to the existing MR points account already associated with his personal Gold card. After all, one is a business card and one is a personal card. Or if he really wants to "transfer points" in that sense I guess he could just close the Gold card. He mentioned he was considering it.

Re: Blue Business Plus approval - $10K SL

SouthJamaica — Sat, 03 Sep 2022 03:35:00 GMT

@Stealth-1 wrote:
@SouthJamaica not sure if you were replying to me or @Aim_High.

Yes, the MR points themselves are pooled under just one MR points account - I was just saying after closing the business accounts those points (from that one MR points account) were available to use on my Everyday and Blue. Yes, I only have one AMEX login account and see all my AMEX cards from there, including from when I had the business Platinum and Plum cards.

So it's possible in @Aim_High's case they still need to link his new BBP to the existing MR points account already associated with his personal Gold card. After all, one is a business card and one is a personal card. Or if he really wants to "transfer points" in that sense I guess he could just close the Gold card. He mentioned he was considering it.

Yeah, I was intending to reply to @Aim_High Sorry about that.

Re: Blue Business Plus approval - $10K SL

Stealth-1 — Sat, 03 Sep 2022 08:00:48 GMT

@SouthJamaica wrote:
@Stealth-1 wrote:
@SouthJamaica not sure if you were replying to me or @Aim_High.

Yes, the MR points themselves are pooled under just one MR points account - I was just saying after closing the business accounts those points (from that one MR points account) were available to use on my Everyday and Blue. Yes, I only have one AMEX login account and see all my AMEX cards from there, including from when I had the business Platinum and Plum cards.

So it's possible in @Aim_High's case they still need to link his new BBP to the existing MR points account already associated with his personal Gold card. After all, one is a business card and one is a personal card. Or if he really wants to "transfer points" in that sense I guess he could just close the Gold card. He mentioned he was considering it.
Yeah, I was intending to reply to @Aim_High Sorry about that.

No worries and thanks @SouthJamaica. I always value your insight on things! 👍👍

Re: Blue Business Plus approval - $10K SL

805orbust — Sun, 04 Sep 2022 15:34:32 GMT

Indeed... all pooled with MR's. They add up QUICKLY with the Platinum and BBP. Still use the BBP a "bit" more than the Ink Preferred even tho I've only got a $10k limit on the BBP. Great card.

Re: Blue Business Plus approval - $10K SL

CitizenHobbes — Sun, 04 Sep 2022 21:43:49 GMT

Congratualtions on this approval!

Re: Blue Business Plus approval - $10K SL

wasCB14 — Tue, 06 Sep 2022 04:32:52 GMT

@Aim_High wrote:
And if I were to keep the Gold, the BBP is an excellent companion earning 2x MRs up to $50K with no AF. (Honestly, they need a personal card like this anyway!)

The SUB is the standard 150K MRs for spending $3K in three months.

Congrats.

Guessing that SUB is a typo?

I don't know if we'll see a personal card equivalent. Personal spend is likely much lower on average than business card spend (based on generally higher spend requirements on comparable cards, at least) and their reward math may depend on customers often exceeding that $50k cap.

Re: Blue Business Plus approval - $10K SL

Aim_High — Tue, 06 Sep 2022 18:23:49 GMT

@wasCB14 wrote:
@Aim_High wrote:
The SUB is the standard 150K MRs for spending $3K in three months.
Guessing that SUB is a typo?

Yes, good catch, @wasCB14.

But 150K would have been nice instead of 15K!

Original post was corrected.