I did the math and realized that what I spend annually would cover about double what the prime annual fee is. So, getting a 5% Amazon Prime card was obvious.
However I'm 3/24 and still plan on adding 2 additional useful Chase cards in the next 6-7 months. So, since I can apply via sole proprietor with the small eBay business I do annually I figured what the heck.
So, I was approved. $2500 starting limit, $3000 actual limit. I don't plan on ever spending $3k at a time and since this card doesn't report, it's more than enough for now. It'll grow after I've grown my ED card first.
Also i forgot to mention, I haven't received a HP, so Amex did a SP on me from having the ED card already.
@GApeachy wrote:
@MyFault wrote:
$2500 starting limit, $3000 actual limit
Congrats on the approval! Always nice to have business credit and nothing dinging up your personal. Enjoy your card, I'd like this one too.
Can you explain that stmt. please? sl limit vs. actual limit
When you're first approved, they give you your card number and limit that you can immediately use. From what I remember, the approval page showed the full amount but listed the lower limit as being available. Once the physical card arrived, you can access the full CL.
Thanks! I just used my $125 gift card on some things i had been putting off ordering, so i haven't put any spend on the card yet. I PIF so i don't need 90 day terms but it's definitely a very nice option to have. I like how you can choose 90 days or 5% on every purchase also, if i ever feel the need to do 90 day terms.
Congrats OP!
