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AMEX Business Line Of Credit Approval!

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DaWhole9
Regular Contributor

AMEX Business Line Of Credit Approval!

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.  

 

 



Message 1 of 7
6 REPLIES 6
JoeRockhead
Senior Contributor

Re: AMEX Business Line Of Credit Approval!

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

Message 2 of 7
SSR
Valued Member

Re: AMEX Business Line Of Credit Approval!

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

Message 3 of 7
cashorcharge
Community Leader
Super Contributor

Re: AMEX Business Line Of Credit Approval!

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

Message 4 of 7
DaWhole9
Regular Contributor

Re: AMEX Business Line Of Credit Approval!


@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.  



Message 5 of 7
SouthJamaica
Mega Contributor

Re: AMEX Business Line Of Credit Approval!


@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.

 


Total revolving limits 650200 (530700 reporting) FICO 8: EQ 706 TU 714 EX 715

Message 6 of 7
DatBoiQuick
Regular Contributor

Re: AMEX Business Line Of Credit Approval!

Congrats on your AMEX Business LOC!

Personal Cards:


Business Cards:
Message 7 of 7
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