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A customer just got approved for a 10K net30. They are hoping that this account (and limit) will report so as to improve future cash card approvals. Anyone have experience with this topic?
As far as I know the Amazon Net 30 has never reported.
It might help you qualify for the Net 55 though which does report along with the revolving.
Always good to build some history.
bizcredit11
@Anonymous wrote:A customer just got approved for a 10K net30. They are hoping that this account (and limit) will report so as to improve future cash card approvals. Anyone have experience with this topic?
Are you referring to the net 55? I never saw anything about a net 30 with amazon, unless you're talking about pay by invoice. But the net55 does report.
Yes, it is the pay by invoice. They were given a 10K net30 account. Wondering if this helps their business credit or not.
Nope. Doesn't report for me. Also, just as an FYI, postmarked dates don't mean anything to them. You are considered late in their system if they process your check late (or if your ACH arrives late). I do know for a fact that they also don't report you if you're two weeks+ late on your payment (dont test your luck on this though)