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Amex BBP Approval - Family Member PG

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bytechma
Contributor

Amex BBP Approval - Family Member PG

I have been posting as of late, sharing my credit journey. As of today my card list is two C1 personal cards, secured cards and Amex Optima card. 

As I am growth my business quickly I have had very little options on business credit cards. My only card is the Nav Prime credit card which has been great so far (I'll share my experience on another post). In short a family member agreed to PG one of my businesses that is has DBA. 

 

I did a lot of research and found that the Amex Blue Business Plus was a great starter business credit card since it had no annual fee  and came across a target sign-on bonus for 50k MR on $8k within the first 3 months (see my other post below) with 0% APR for the first 12 months. 

 

https://ficoforums.myfico.com/t5/Business-Credit/Amex-Blue-Business-Plus-50k-MR-SUB/m-p/6751243#M500...

 

Application proces 

We applied using my DBA name and  submitted the first time the application send error but we received an email saying to call Amex as they needed more information. So before calling I check the status online and the app stated cancelled due to an error. And then received an immediate an email stating the same info. So we applied again and the pending/call Amex message popped up so we called and Amex was requesting the info. 

"We're reaching out to you because we received your request for the Blue BusinessSMPlus Credit Card We still need additional information to complete your request.

 

Here's what we need from you

 

  • Your home address. Please provide a letter from your bank confirming your home address. To ensure timely resolution, please ensure the letter is on original letterhead from the bank and contains the following:
  • The banker's name, title, hours of availability and signature
  • Confirmation of your home address
  • Main number to the bank branch
  • An extension or personal line to the banker when applicable"

We agreed and provided all the information. Amex wanted to verify current cash assets in my family members bank account which has roughly $100k. After verifying a bit more personal info over the phone. While on the phone we revived an email confirming we were approved for $12,800! It took a bit but it was all completed within 30 minutes on the same day. So super fortunate and excited!

 

Given the approval we went an also applied for the Amex personal green since several data points being approved with no issues for An Amex credit card and charge card on the same day. But we were declined, stating due to pas account being closed by Amex. 

History

My family actually forgot that they had one Amex card that was included in a bankruptcy over 40 years ago so we believed that was the reason for the Amex Green card denial. We already spent a lot of time talking to Amex for the BBP approval so I didn't want to put my family through another long call with Amex to talk about reconsideration for the green card. But it seems like Amex is giving them a second chance on thr BBP since they approved that card. 

but I am very greatful to have access to the BBP card since I can't apply for an Amex card for another 12 months. And I did try myself after getting the optima 2 weeks ago for the green personal but was declined. 

but it seems there is still hope with Amex even with BK. 

Family Member Stats:

EX: 841

EQ: 821

TU: 830

 

very few inquiries and only has a few BOA and Discover credit cards with very old age and couple of store cards. 

 

 

Personal Cards
C1 Quickslilver One $500 | C1 Savor One $2,000 | Discover IT Secured $200 | Amex Optima $500 | U.S. Bank Cash+ Secured $1,000 | C1 Venture X $30,000 (AU)

BOA Cards with Preferred Rewards Platinum (50% boost)
Travel Rewards $18,000 (AU) | Bank Americard $2,100 (AU) | Customized Cash Rewards $22,000 (AU) | Premium Rewards $19,400 (AU)

Business Cards
Nav Prime $11,000 | Amex Blue Business Plus $12,800(AU)

Message 1 of 7
6 REPLIES 6
keekers
Established Contributor

Re: Amex BBP Approval - Family Member PG

Thanks for sharing and congrats!


Message 2 of 7
CorpCrMgr1
Valued Contributor

Re: Amex BBP Approval - Family Member PG

Congratulations on your AmEx approval!

Message 3 of 7
bytechma
Contributor

Re: Amex BBP Approval - Family Member PG


@keekers wrote:
Thanks for sharing and congrats!

Thank you !

Personal Cards
C1 Quickslilver One $500 | C1 Savor One $2,000 | Discover IT Secured $200 | Amex Optima $500 | U.S. Bank Cash+ Secured $1,000 | C1 Venture X $30,000 (AU)

BOA Cards with Preferred Rewards Platinum (50% boost)
Travel Rewards $18,000 (AU) | Bank Americard $2,100 (AU) | Customized Cash Rewards $22,000 (AU) | Premium Rewards $19,400 (AU)

Business Cards
Nav Prime $11,000 | Amex Blue Business Plus $12,800(AU)

Message 4 of 7
bytechma
Contributor

Re: Amex BBP Approval - Family Member PG


@CorpCrMgr1 wrote:

Congratulations on your AmEx approval!


Thanks! 🙏🏼 


 

Personal Cards
C1 Quickslilver One $500 | C1 Savor One $2,000 | Discover IT Secured $200 | Amex Optima $500 | U.S. Bank Cash+ Secured $1,000 | C1 Venture X $30,000 (AU)

BOA Cards with Preferred Rewards Platinum (50% boost)
Travel Rewards $18,000 (AU) | Bank Americard $2,100 (AU) | Customized Cash Rewards $22,000 (AU) | Premium Rewards $19,400 (AU)

Business Cards
Nav Prime $11,000 | Amex Blue Business Plus $12,800(AU)

Message 5 of 7
BigBS
Senior Contributor

Re: Amex BBP Approval - Family Member PG

Congrats on the approval!

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Message 6 of 7
bytechma
Contributor

Re: Amex BBP Approval - Family Member PG

Thanks 🙏🏼!


@BigBS wrote:

Congrats on the approval!


 

Personal Cards
C1 Quickslilver One $500 | C1 Savor One $2,000 | Discover IT Secured $200 | Amex Optima $500 | U.S. Bank Cash+ Secured $1,000 | C1 Venture X $30,000 (AU)

BOA Cards with Preferred Rewards Platinum (50% boost)
Travel Rewards $18,000 (AU) | Bank Americard $2,100 (AU) | Customized Cash Rewards $22,000 (AU) | Premium Rewards $19,400 (AU)

Business Cards
Nav Prime $11,000 | Amex Blue Business Plus $12,800(AU)

Message 7 of 7
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