topic Re: How long after closing AMEX Corp can I open a new one? in Business Credit

How long after closing AMEX Corp can I open a new one?

lmsmedley — Sat, 30 Mar 2024 05:50:32 GMT

Opened an Amex Blue Biz Plus card in July 2022 with $30K limit at 0%.
Applied for Amex Blue Cash card in August 2023. Got 30K limit at 0%, and reallocated 29K of the Biz Plus limit to Blue Cash.

0% will expire in August 2024.
I'd love to cancel the Blue Biz Plus, and then reapply and try and snag the 0% intro rate again.

Will they let me do that? If so, how long after I close the original Blue Biz card can I reapply for the new one?

Thanks!!

Re: How long after closing AMEX Corp can I open a new one?

Tdatb64 — Sat, 30 Mar 2024 09:03:52 GMT

I don't know the answer to your question but I am thoroughly amazed they let you reallocate from a business card to a personal card: that's usually a big no-no, from what I understand.

Re: How long after closing AMEX Corp can I open a new one?

coldfusion — Sat, 30 Mar 2024 12:25:42 GMT

@lmsmedley wrote:
Opened an Amex Blue Biz Plus card in July 2022 with $30K limit at 0%.
Applied for Amex Blue Cash card in August 2023. Got 30K limit at 0%, and reallocated 29K of the Biz Plus limit to Blue Cash.
0% will expire in August 2024.
I'd love to cancel the Blue Biz Plus, and then reapply and try and snag the 0% intro rate again.

Will they let me do that? If so, how long after I close the original Blue Biz card can I reapply for the new one?

Thanks!!

AMEX got wise to churning cards (i.e. closing and then soon afterward reapplying for the same card in order to again leverage a welcome offer) years ago. If you read the terms and conditions for the Blue Biz card you should see the sentence below, often referred to colloquially as their 'lifetime language':

You may not be eligible to receive the welcome offer, intro APRs, and intro plan fees if you have or have had this Card or previous versions of this Card.

You can still get apply and get approved for the card but when you submit the application expect a popup telling you that you are ineligible for the welcome offer which requires you to click through to either continue with the application on that basis or withdraw the application.

Occasionally AMEX will send out a targeted or an affinity offer that omits this language (and which they do honor) and there is speculation that "lifetime" is actually "7 years", but that doesn't help you.

Re: How long after closing AMEX Corp can I open a new one?

SouthJamaica — Sat, 30 Mar 2024 12:32:22 GMT

@lmsmedley wrote:
Opened an Amex Blue Biz Plus card in July 2022 with $30K limit at 0%.
Applied for Amex Blue Cash card in August 2023. Got 30K limit at 0%, and reallocated 29K of the Biz Plus limit to Blue Cash.
0% will expire in August 2024.
I'd love to cancel the Blue Biz Plus, and then reapply and try and snag the 0% intro rate again.

Will they let me do that? If so, how long after I close the original Blue Biz card can I reapply for the new one?

Thanks!!

Welcome to the forum.

No they won't let you do that.

Oh you can reapply whenever, but you won't get the promo interest rate.

BTW since these are business cards, you should ask the moderator to move this thread to "Business Credit".

And neither of these cards are "Corporate" cards. They are "Business" cards, which is different.

Re: How long after closing AMEX Corp can I open a new one?

coldfusion — Sat, 30 Mar 2024 12:43:27 GMT

@SouthJamaica wrote:
BTW since these are business cards, you should ask the moderator to move this thread to "Business Credit".

Already requested. ;-)

Re: How long after closing AMEX Corp can I open a new one?

citymunky — Sat, 30 Mar 2024 13:08:04 GMT

@SouthJamaica wrote:
No they won't let you do that.

Oh you can reapply whenever, but you won't get the promo interest rate.

BTW since these are business cards, you should ask the moderator to move this thread to "Business Credit".

And neither of these cards are "Corporate" cards. They are "Business" cards, which is different.

Just a bystander here, but what if you apply under a different EIN?

Re: How long after closing AMEX Corp can I open a new one?

GZG — Sat, 30 Mar 2024 16:51:33 GMT

@Tdatb64 wrote:
I don't know the answer to your question but I am thoroughly amazed they let you reallocate from a business card to a personal card: that's usually a big no-no, from what I understand.

I assume they mean blue biz cash, not blue cash everyday, because no they absoutely do not allow transfering CL from biz to personal cards

Re: How long after closing AMEX Corp can I open a new one?

coldfusion — Sat, 30 Mar 2024 21:14:48 GMT

@citymunky wrote:
@SouthJamaica wrote:
No they won't let you do that.

Oh you can reapply whenever, but you won't get the promo interest rate.

BTW since these are business cards, you should ask the moderator to move this thread to "Business Credit".

And neither of these cards are "Corporate" cards. They are "Business" cards, which is different.
Just a bystander here, but what if you apply under a different EIN?

Might work but that would be a grey area - a single responsible party can have multiple EIN but the trails of crumbs all lead back to the same spot. It would be as much about what AMEX would do when they later realized you slipped through a crack as it is that you managed to slip through in the first place.