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4506C and Unlimited Spending on a Business Charge Card

joeyv1985
Frequent Contributor

4506C and Unlimited Spending on a Business Charge Card

All,

 

I just got an Amex Business Plat about a week ago. Will Amex request a 4506C if the balance reports more than say $40K on my monthly statement? When a client has a payment on the way, I'll pay the corresponding vendor invoice with this card. After the client's check clears the bank, I'll pay the said Amex transaction. It won't be unusual to pay several invoices at once with just one vendor totalling over $20K. It won't happen often, but it will happen from time to time. 

Message 1 of 5
4 REPLIES 4
BearsCubsOtters
Frequent Contributor

Re: 4506C and Unlimited Spending on a Business Charge Card


@joeyv1985 wrote:

All,

 

I just got an Amex Business Plat about a week ago. Will Amex request a 4506C if the balance reports more than say $40K on my monthly statement? When a client has a payment on the way, I'll pay the corresponding vendor invoice with this card. After the client's check clears the bank, I'll pay the said Amex transaction. It won't be unusual to pay several invoices at once with just one vendor totalling over $20K. It won't happen often, but it will happen from time to time. 


Nobody knows for sure what triggers any kind of review at Amex. As a general rule, it is not always wise to make heavy purchases with a brand new account. However,  if they are comfortable with your stated income and assets, it may not spook them at all. 

 

 

 

 

Message 2 of 5
FinStar
Moderator

Re: 4506C and Unlimited Spending on a Business Charge Card


@joeyv1985 wrote:

All,

 

I just got an Amex Business Plat about a week ago. Will Amex request a 4506C if the balance reports more than say $40K on my monthly statement? When a client has a payment on the way, I'll pay the corresponding vendor invoice with this card. After the client's check clears the bank, I'll pay the said Amex transaction. It won't be unusual to pay several invoices at once with just one vendor totalling over $20K. It won't happen often, but it will happen from time to time. 


Do you have any other business charge cards or any persnal charge cards with AENB?

 

If you were approved recently, it's doubtful you'd be able to charge the $40K expense right away, then again this depends on what revenues + personal income you reported on the app. You can try the Check Spending Power tool to determine if AENB will approve such a large transaction. A 4506C request could be triggered by a variety of factors which can include any abnormal spending patterns, specific or questionable transactions, reported income or revenue discrepancies, etc.

Message 3 of 5
joeyv1985
Frequent Contributor

Re: 4506C and Unlimited Spending on a Business Charge Card


@BearsCubsOtters wrote:

@joeyv1985 wrote:

All,

 

I just got an Amex Business Plat about a week ago. Will Amex request a 4506C if the balance reports more than say $40K on my monthly statement? When a client has a payment on the way, I'll pay the corresponding vendor invoice with this card. After the client's check clears the bank, I'll pay the said Amex transaction. It won't be unusual to pay several invoices at once with just one vendor totalling over $20K. It won't happen often, but it will happen from time to time. 


Nobody knows for sure what triggers any kind of review at Amex. As a general rule, it is not always wise to make heavy purchases with a brand new account. However,  if they are comfortable with your stated income and assets, it may not spook them at all. 

 

 

 

 


I was on the phone with a rep, and he told me a transaction of $40K would go through. That's a number I wouldn't dare try right out of the gate. Maybe in about 6 months, but not this early.  

Message 4 of 5
joeyv1985
Frequent Contributor

Re: 4506C and Unlimited Spending on a Business Charge Card


@FinStar wrote:

@joeyv1985 wrote:

All,

 

I just got an Amex Business Plat about a week ago. Will Amex request a 4506C if the balance reports more than say $40K on my monthly statement? When a client has a payment on the way, I'll pay the corresponding vendor invoice with this card. After the client's check clears the bank, I'll pay the said Amex transaction. It won't be unusual to pay several invoices at once with just one vendor totalling over $20K. It won't happen often, but it will happen from time to time. 


Do you have any other business charge cards or any persnal charge cards with AENB?

 

If you were approved recently, it's doubtful you'd be able to charge the $40K expense right away, then again this depends on what revenues + personal income you reported on the app. You can try the Check Spending Power tool to determine if AENB will approve such a large transaction. A 4506C request could be triggered by a variety of factors which can include any abnormal spending patterns, specific or questionable transactions, reported income or revenue discrepancies, etc.


I got an Amex Platinum a year ago, then an Amex Business Cash in May of this year. The latter was through an email promotion. The Amex Business Plat came through an email promotion as well. It was hard to pass up a $150K SUB. An Amex Rep told me I could run a $40K transaction with no issues, however, that's a number I dare not try right now. I did a $7,100 transaction earlier in the week and the next transaction will be Monday 11/29 for about $15K and another one for about $5K. My clients have funds on the way and I'll pay these corresponding invoices in kind. 

Message 5 of 5
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