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Amex Blue Business Approved

jdsinm
Established Member

Amex Blue Business Approved

Hello,

Learned a lot from the forum, thought i'ld throw out some data points for others-

I have zero other business credit and no dun and bradstreet rating.

I do have a business checking account in the business name for many years.

This is a sole p in exisitance about 3 years.

I have an exisiting relationship with a personal card with amex thats about 2 years old. 

I applied, they asked for my personal income FYI within the app. 

They asked for business legal name, if used DBA, legal structre, address/phone and annual revenue. I honestly reported the annual revenue in case they asked for bank statements.

Came back with a under review. Then in ten minutes an email with,  we need more info.

The more info was the last three months of a business checking or if i was in business less then 4 months, my last three months of a personal checking.

So i sent the paperwork the next day via thier secure system.
Got a yes in about three hours, with a credit limit equal to my personal card (15k).

My scores are in the low 700s currently.

So if you have an exisiting relationship with them and have provable bank statements for a business you might be able to get a credit card with them even if you have zero other business credit.

 

 

 

Message 1 of 6
5 REPLIES 5
GApeachy
Super Contributor

Re: Amex Blue Business Approved

Big biz credit step, big credit limit.....off to a great start!  Congrats and enjoy!

 

p.s.

Welcome to the forum and look forward to reading more of your biz success in the future.Smiley Wink

"My Take Home Pay Don't Take Me Home"
Message 2 of 6
SouthJamaica
Mega Contributor

Re: Amex Blue Business Approved


@jdsinm wrote:

Hello,

Learned a lot from the forum, thought i'ld throw out some data points for others-

I have zero other business credit and no dun and bradstreet rating.

I do have a business checking account in the business name for many years.

This is a sole p in exisitance about 3 years.

I have an exisiting relationship with a personal card with amex thats about 2 years old. 

I applied, they asked for my personal income FYI within the app. 

They asked for business legal name, if used DBA, legal structre, address/phone and annual revenue. I honestly reported the annual revenue in case they asked for bank statements.

Came back with a under review. Then in ten minutes an email with,  we need more info.

The more info was the last three months of a business checking or if i was in business less then 4 months, my last three months of a personal checking.

So i sent the paperwork the next day via thier secure system.
Got a yes in about three hours, with a credit limit equal to my personal card (15k).

My scores are in the low 700s currently.

So if you have an exisiting relationship with them and have provable bank statements for a business you might be able to get a credit card with them even if you have zero other business credit.

 

 

 


Congratulations on opening up a business line of credit. It's a good card. 


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 718 TU 721 EX 698

Message 3 of 6
cashorcharge
Community Leader
Senior Contributor

Re: Amex Blue Business Approved

Hopefully the first approval of many for you!

That's terrific!!  Congratulations on your AMEX Approval!! 🎉🥂👏

Message 4 of 6
quikj9
Frequent Contributor

Re: Amex Blue Business Approved

Congrats on your Blue Business Approval! It's a solid card that I hope serves you well.




Message 5 of 6
sugarcreek67
Frequent Contributor

Re: Amex Blue Business Approved

Congrats on your Amex approval


>>current scores 12/11/21
EQ Fico9 759 | TU Fico9 763 | EX Fico9 768
EX fico 8 753 | EQ Fico8 745 | TU Fico 8 760 | Navy score 294
Message 6 of 6
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