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Amazon Net55 and Commercial Revolving

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Creditaddict
Legendary Contributor

Amazon Net55 and Commercial Revolving

So about 2 months ago I shockingly got approved for the Amazon Net 55 for a whopping $7k.

Well a couple weeks ago I applied for the revolving account and just received the letter saying they couldn't verify my phone number.

Just going through this this morning with my 76 Commercial account I called up and I got transferred and she was the wrong department for new accounts but she said did you say you have a net55 already? you are not suppose to have both.

I said well shoot, I much rather have revolving than net 55.

She said if you have a zero balance, I can request to have it converted to a revolving account.

WHAT?! YES PLEASE!

She said it will take a few days and someone should contact me.

If it is really that easy I will be so excited!

Message 1 of 14
13 REPLIES 13
Anonymous
Not applicable

Re: Amazon Net55 and Commercial Revolving

congrats! CA 

Message 2 of 14
CreditUnionFan
Valued Contributor

Re: Amazon Net55 and Commercial Revolving


@Creditaddict wrote:

So about 2 months ago I shockingly got approved for the Amazon Net 55 for a whopping $7k.

Well a couple weeks ago I applied for the revolving account and just received the letter saying they couldn't verify my phone number.

Just going through this this morning with my 76 Commercial account I called up and I got transferred and she was the wrong department for new accounts but she said did you say you have a net55 already? you are not suppose to have both.

I said well shoot, I much rather have revolving than net 55.

She said if you have a zero balance, I can request to have it converted to a revolving account.

WHAT?! YES PLEASE!

She said it will take a few days and someone should contact me.

If it is really that easy I will be so excited!


CA,

 

What are the perks of using the Amazon Commercial Revolving other than it being its own credit line?

 

Does Synchrony offer extended promotional financing on the commercial account, like they do on the personal store card?

 

Are there other rewards or perks?

 

I opened a separate Amazon Business login, but made my first purchase using my Amazon Business Visa I already had.

I was going to garden... Honest!
Message 3 of 14
Creditaddict
Legendary Contributor

Re: Amazon Net55 and Commercial Revolving

No perks that I know of
Message 4 of 14
NY2014
Established Contributor

Re: Amazon Net55 and Commercial Revolving

CONGRATULATIONS
CA

I was declined For both Net 55 & Rovolving
Just received my Letter reasons to many new open account open recently (4) High utility
23% 29k avail 11k balance now $O they reported it before I had could make payment before cut of on my Delta business . I made a payment only the due balance I was trace in a that time I should have waited to apply . 2 inquiries EQ. Oh well . Are they good a recon ?
Fico Score 10/6 EQ 702,16 INQ,TU 740, 9,iNQ EX 705,21 INQ,13%UTIL-
,10 yrs history,1.6 yr AA Cap1 Plat,VentureOne,QS ,Barckey RCI, BBVA,Amex BCE,CSP,NFCU Flag, NFCU Go,NFCU,Cloc NFCU busin,NFCU busin Cloc,Amex Delta busn,Bj's busn Perks,Hawaiian air busin, Citi dc, Discover IT,Chase Hyatt,U.S bank flex perks.,Am,ex Business Plat JCP. Commercial, citi Hilton
Message 5 of 14
Creditaddict
Legendary Contributor

Re: Amazon Net55 and Commercial Revolving

Apply for it with NO PG!

Message 6 of 14
NY2014
Established Contributor

Re: Amazon Net55 and Commercial Revolving

I did . 2 inquiries on my business EQ not on personal .
Fico Score 10/6 EQ 702,16 INQ,TU 740, 9,iNQ EX 705,21 INQ,13%UTIL-
,10 yrs history,1.6 yr AA Cap1 Plat,VentureOne,QS ,Barckey RCI, BBVA,Amex BCE,CSP,NFCU Flag, NFCU Go,NFCU,Cloc NFCU busin,NFCU busin Cloc,Amex Delta busn,Bj's busn Perks,Hawaiian air busin, Citi dc, Discover IT,Chase Hyatt,U.S bank flex perks.,Am,ex Business Plat JCP. Commercial, citi Hilton
Message 7 of 14
NY2014
Established Contributor

Re: Amazon Net55 and Commercial Revolving

I think the problem and or the issue is for some reason I gave s split file Business/ DNB reports. I had my company since 2005 but relocated to a different state filed 2011. Incorporated 2014 (foreign) same EIN.my sister i put as general Manager.filed my PL audit (mistake) DNB (listed wait figure this out)
My sisters name as what my Company Name and also listed My company Name with Two different Duns # When I tried and request them to correct the error . There response , we cannot change the name you have to apply for a new Duns # meantime.i was checking my company report and nothing was reporting . So divided to check under my sisters dun and all my credit was reporting in her name.and the irony about that is Her name isn't registered but if you look up my company it will come up as my compsny name but report in her company name. In conclusion I told my sister you have a business now with good credit. So find a hobby and build The story to this D&B would only change it at the time if I had bought there product I declined. How would I correct this ?
Fico Score 10/6 EQ 702,16 INQ,TU 740, 9,iNQ EX 705,21 INQ,13%UTIL-
,10 yrs history,1.6 yr AA Cap1 Plat,VentureOne,QS ,Barckey RCI, BBVA,Amex BCE,CSP,NFCU Flag, NFCU Go,NFCU,Cloc NFCU busin,NFCU busin Cloc,Amex Delta busn,Bj's busn Perks,Hawaiian air busin, Citi dc, Discover IT,Chase Hyatt,U.S bank flex perks.,Am,ex Business Plat JCP. Commercial, citi Hilton
Message 8 of 14
NY2014
Established Contributor

Re: Amazon Net55 and Commercial Revolving

CA if I can ask what would your choice to apply for Business LC $50k US Bank ? And Citizen bank I inquired about there LC business no doc $50k Would I have to open an account ? My personal credit
Low 700 31% util. EQ 13 inq, Ex, 6, TU 4in
Hoping to pay down to at least 21% util. AA 2.4yr history 10.2 yr my incomevi is good
Just for my quarterly state . 6 figures self 4 yrs.mybonly problem is if image to open an account with U.S bank to qualify ? And what's the requirements . Score wise ? Or any other suggestions bank I can look into ?
Thanks if you have some advise or anyone
Appreciated ?
Fico Score 10/6 EQ 702,16 INQ,TU 740, 9,iNQ EX 705,21 INQ,13%UTIL-
,10 yrs history,1.6 yr AA Cap1 Plat,VentureOne,QS ,Barckey RCI, BBVA,Amex BCE,CSP,NFCU Flag, NFCU Go,NFCU,Cloc NFCU busin,NFCU busin Cloc,Amex Delta busn,Bj's busn Perks,Hawaiian air busin, Citi dc, Discover IT,Chase Hyatt,U.S bank flex perks.,Am,ex Business Plat JCP. Commercial, citi Hilton
Message 9 of 14
Creditaddict
Legendary Contributor

Re: Amazon Net55 and Commercial Revolving

I think of you have been in business over 3 years you can apply for usbank line of credit.
They seem to favor relationship and as we continue to do more banking with them the easier things get.
They love for you to come into a branch which I'm still getting use too
Message 10 of 14
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