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So, I'm trying a build an Amex trifecta of MR earning cards. The Amex BBP seems to be the perfect sweeper card because it earns 2x points on all purchases. I don't own a company but I do conduct business regularly as a freelancer. Am I be eligible for this card or do I need to have a registered LLC?
Freelance work is fine. No LLC is necessary.
That said, you will be guaranteeing the debt personally, and Amex may ask to see your tax returns, especially if you start requesting big CLIs.
If it's a new business from 2018, Amex will understand you may not have filed a return yet, but you may get a relatively low CL.
@wasCB14 wrote:Freelance work is fine. No LLC is necessary.
That said, you will be guaranteeing the debt personally, and Amex may ask to see your tax returns, especially if you start requesting big CLIs.
If it's a new business from 2018, Amex will understand you may not have filed a return yet, but you may get a relatively low CL.
Great, sounds simple enough. Is there any special documentation that I'll need to provide for the application?
@Anonymous wrote:
@wasCB14 wrote:Freelance work is fine. No LLC is necessary.
That said, you will be guaranteeing the debt personally, and Amex may ask to see your tax returns, especially if you start requesting big CLIs.
If it's a new business from 2018, Amex will understand you may not have filed a return yet, but you may get a relatively low CL.
Great, sounds simple enough. Is there any special documentation that I'll need to provide for the application?
They didn't ask me for any. I applied for mine over the phone and got instant approval.
Got it. Thanks!
@Anonymous wrote:
I do not believe your Amex online will show preapprovals for small business cards, but consider checking for Amex Everyday preapproval as a proxy check. If no preapproval showing for Amex Everyday, then lower approval odds for the similar business card.
Navigate to Amex Everyday while logged on. Check whether it says "Congratulations you are preapproved" vs "Expanding your membership is easy."
How long have you had your Amex Charge card? All factors held constant, longer is better.
Not even a full month yet. I'm not planning on applying for the BBP right away. I'm considering applying for it along with the Platinum in 3 months if i'm preapproved for them by then.
@Anonymous wrote:
@+1 @Anonymous
I cold app’d my platinum and then the gold when applied. I didn’t have any prequalifications. After getting the cards, I met MS for both within a week, but I didn’t get any pre-qual until first statement posted but those were for co-branded cards like Hilton and SPG. Just for extra DP: I don’t currently prequalify for any of Amex core revolving credit cards (BC/ED/etc) but I pulled the trigger on the BBP and approved for a $2K limit only, but that’s fine with me as I prefer paying off every time my transactions post, so it’s up to you if you would like to try.
You know, it's all so weird. Before I apped for the Gold I prequalified for the Gold as well as the Everyday and the Blue Cash Everyday. After I applied for and was approved for the Gold, all the other prequalifications went away. First statement on the Gold should post today so I'll check to see if anything changes after I pay.