topic Re: AMEX Business Line Of Credit Approval! in Business Credit

AMEX Business Line Of Credit Approval!

DaWhole9 — Sun, 25 Jun 2023 02:56:11 GMT

Just starting a business and getting business credit. I have 2 business AMEX cards and got a letter that said I would get a $250 bonus for just opening the Business Line Of Credit. So I said what the hell...Applied and a few days later got the approval for $2k, and the $250 bonus in my checking account. Dont need it as of yet, but still nice to have it, and once I get some decent revenue, I can see if I can build that up a bit.

Re: AMEX Business Line Of Credit Approval!

JoeRockhead — Sun, 25 Jun 2023 13:02:15 GMT

It's a nice start with good potential for growth, congratulations!

Re: AMEX Business Line Of Credit Approval!

SSR — Mon, 26 Jun 2023 00:38:43 GMT

Congrats on approval! Did they pull from your personal credit or just go off your EIN number?

Re: AMEX Business Line Of Credit Approval!

cashorcharge — Mon, 26 Jun 2023 20:29:04 GMT

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Re: AMEX Business Line Of Credit Approval!

DaWhole9 — Mon, 26 Jun 2023 20:34:44 GMT

@SSR wrote:
Congrats on approval! Did they pull from your personal credit or just go off your EIN number?

It was a hard pull on Experian. I have a personal AMEX card and my 2 buisness cards were soft pulls. It could be because this is listed as a Kabbage account not just an AMEX business account. Or maybe my business file was thin so they did a hard pull.

Re: AMEX Business Line Of Credit Approval!

SouthJamaica — Mon, 14 Aug 2023 18:17:45 GMT

@DaWhole9 wrote:
Just starting a business and getting business credit. I have 2 business AMEX cards and got a letter that said I would get a $250 bonus for just opening the Business Line Of Credit. So I said what the hell...Applied and a few days later got the approval for $2k, and the $250 bonus in my checking account. Dont need it as of yet, but still nice to have it, and once I get some decent revenue, I can see if I can build that up a bit.

I too got approved, also for a $2k line of credit. But after I examined the terms, I realized it was unusable.

On a 6 month loan, I would have been paying 36% interest.

Re: AMEX Business Line Of Credit Approval!

DatBoiQuick — Sun, 27 Aug 2023 00:20:36 GMT

Congrats on your AMEX Business LOC!