Kicking around the idea of applying for a business card and the AMEX Simplycash Plus is appealing to me. Curious as to how much of the approval odds are similar to a personal card app or if the biz process is different. I have a couple cobranded cards that I get a pre-approval for on the personal end but nothing that really benefits me. Anyway, some info...
No prior AMEX relationship
Scores: Around 660 across the board.
No recent bad stuff. I do have a 4 year old collection and some mortgage lates that are soon to drop off.
125k in yearly biz revenue
20+ years in business
Only 2-3 inquiries so even a denial wouldn't hurt too bad
Anyway, thoughts? Or more data points that would enter into it?
660 Doesnt sound good .Check on their website pre-approvals, If yes then you got a good shot.
Since no prior, I would n't expect more than 2K.
From my prospective, more options like WF,Barclys/US Bank if EX/TU 700+.
Thanks for the advice, guys. Strangely enough, my EQ Fico score jumped 49 points yesterday. I'm hoping the others follow with something similar. Does AMEX usually pull EX?
If you have no prior relationship you'll probably end up with a 2K SL if you are accepted. It was my first AMEX card, 2K SL, was in 680-690 range when they pulled Experian.