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Amex Business Gold Application

ntenseone
New Contributor

Amex Business Gold Application

Hello. I'm opening a new retail business and am interested in an Amex Gold biz card. 

With just a little bit of preliminary reading it seems others have been holding personal cards from Amex for a bit before they can be accepted for a biz account. Is this a necessity or have any of you had success with a cold application to get into a biz card before?

 

I appreciate any help from those more experienced than I on the matter.

 

:EDIT:

It might help to know that I am pre-qualified for their Everyday, Blue, Gold and Platinum cards...for what it's worth.

 

Amex Gold Business NPSL | Citi Prestige $16,200 | Chase Sapphire Preferred $13,900 | Chase Freedom Unlimited $7,600 | Citi Double Cash $10,800 | Citi Diamond Preferred $14,600 | Citi Best Buy Visa $10,000 | Arvest Gold $16,200 | Synchrony Sam's Club $10,000 | Synchrony Ashley Furniture $6,000 | Synchrony Furniture Row $6,000
FICO 8 - 758 on 6/22/21
Vantage Score 4.0 - 776 on 7/2/21
Message 1 of 9
8 REPLIES 8
rostrow416
Frequent Contributor

Re: Amex Business Gold Application

I only had my personal Gold for about 2 weeks when I apped for the Amazon Prime Business card.  Soft pull approved.  I don't think it matters which way you get in the door, once your in, your in.

Amex Gold | Purdue FCU $20,000 | TFCU Plat Visa $12,500 | PenFed Platinum Rewards $10,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $14,000 | Discover IT $3,000 | Capital One BuyPower $850

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $10,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $3,850 | Kohl's Store Card $2,500


Spring Cleaning:
C̶a̶p̶i̶t̶a̶l̶ ̶O̶n̶e̶ ̶Q̶u̶i̶c̶k̶S̶i̶l̶v̶e̶r̶ ̶$̶1̶,̶0̶0̶0̶ | C̶r̶e̶d̶i̶t̶ ̶O̶n̶e̶ ̶V̶i̶s̶a̶ ̶$̶1̶,̶2̶0̶0̶ | M̶e̶r̶r̶i̶c̶k̶ ̶B̶a̶n̶k̶ ̶$̶2̶,̶7̶0̶0̶ | M̶a̶r̶v̶e̶l̶ ̶M̶a̶s̶t̶e̶r̶c̶a̶r̶d̶ ̶$̶1̶,̶̶2̶0̶0̶ | C̶o̶m̶e̶n̶i̶t̶y̶ ̶M̶a̶s̶t̶e̶r̶C̶a̶r̶d̶ ̶$̶1̶,̶1̶8̶0̶
Message 2 of 9
Ficoproblems247
Valued Contributor

Re: Amex Business Gold Application


@ntenseone wrote:

Hello. I'm opening a new retail business and am interested in an Amex Gold biz card. 

With just a little bit of preliminary reading it seems others have been holding personal cards from Amex for a bit before they can be accepted for a biz account. Is this a necessity or have any of you had success with a cold application to get into a biz card before?

 

I appreciate any help from those more experienced than I on the matter.

 


It is not necessary to have any prior relationship with AMEX to qualify for their biz cards. If you feel your profile would warrant an approval, you're fine to cold app any card you would like. 




FICO 8 Sep '21 EX 746 EQ 748 TU 741
Message 3 of 9
babygirl1256
Valued Contributor

Re: Amex Business Gold Application

@rostrow416  Great information . . . Thanks for posting. I'm looking to build my business credit also. I received my first AmEx Blue Cash Preferred in March 2021 and I regret not applying for a business card and/or the Marriott Bonvoy Brilliant within 30 days to save another hard pull. Live and learn!!!

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 4 of 9
Rebuild2022
Super Contributor

Re: Amex Business Gold Application

I thought it is a soft pull when you apply for Amex Business Card. I did not think they do hard pull once you are part of Amex family. I could be wrong. Right now I have Amex Optima and I am not allowed to apply for any other Amex products. It will turn 12 months old in the next 2 months and then I am planning on apply for Amex Amazon Business Credit Card.

Gardening since 08/2020
Message 5 of 9
Ficoproblems247
Valued Contributor

Re: Amex Business Gold Application


@Rebuild2022 wrote:

I thought it is a soft pull when you apply for Amex Business Card. I did not think they do hard pull once you are part of Amex family. I could be wrong. Right now I have Amex Optima and I am not allowed to apply for any other Amex products. It will turn 12 months old in the next 2 months and then I am planning on apply for Amex Amazon Business Credit Card.


Subsequent cards after your initial approval should normally be SP approvals. There are still outlying instances where HP can occur, so expect it to likely be SP, but do not apply for it if you are not willing to take the HP if it happens. 




FICO 8 Sep '21 EX 746 EQ 748 TU 741
Message 6 of 9
jcooks
Regular Contributor

Re: Amex Business Gold Application

I got in with Amex March 2021 with an Amex Gold (personal).  After first statement cut, I applied for the Blue Business Plus.  I was denied due to not having a long history with Amex.  30 days after denial, I apped again and was instantly approved.  From what I gather, If you're preapproved for the personal cards, you would also be preapproved for the business version of the card.  When I was denied, I was only preapproved for all the charge cards and cobranded cards but none of the core revolvers.  During my 2nd app, I was preapproved for all of Amex cards.

Message 7 of 9
Ficoproblems247
Valued Contributor

Re: Amex Business Gold Application


@jcooks wrote:

I got in with Amex March 2021 with an Amex Gold (personal).  After first statement cut, I applied for the Blue Business Plus.  I was denied due to not having a long history with Amex.  30 days after denial, I apped again and was instantly approved.  From what I gather, If you're preapproved for the personal cards, you would also be preapproved for the business version of the card.  When I was denied, I was only preapproved for all the charge cards and cobranded cards but none of the core revolvers.  During my 2nd app, I was preapproved for all of Amex cards.


While this is by no means a guarantee, I would agree that it is at the very least a very good indicator of approval odds. 




FICO 8 Sep '21 EX 746 EQ 748 TU 741
Message 8 of 9
rostrow416
Frequent Contributor

Re: Amex Business Gold Application

@babygirl1256 When I apped for the Amazon Amex, my reports were frozed.  I wasn't going to take a HP for it, and since the SUB ($100 Amazon gift card on approval) didn't involve any sort of spend, I went for it.  There are plenty of cases where subsequent Amex cards are SP only, so if you just want to test the waters, its always a possibility.

Amex Gold | Purdue FCU $20,000 | TFCU Plat Visa $12,500 | PenFed Platinum Rewards $10,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $14,000 | Discover IT $3,000 | Capital One BuyPower $850

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $10,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $3,850 | Kohl's Store Card $2,500


Spring Cleaning:
C̶a̶p̶i̶t̶a̶l̶ ̶O̶n̶e̶ ̶Q̶u̶i̶c̶k̶S̶i̶l̶v̶e̶r̶ ̶$̶1̶,̶0̶0̶0̶ | C̶r̶e̶d̶i̶t̶ ̶O̶n̶e̶ ̶V̶i̶s̶a̶ ̶$̶1̶,̶2̶0̶0̶ | M̶e̶r̶r̶i̶c̶k̶ ̶B̶a̶n̶k̶ ̶$̶2̶,̶7̶0̶0̶ | M̶a̶r̶v̶e̶l̶ ̶M̶a̶s̶t̶e̶r̶c̶a̶r̶d̶ ̶$̶1̶,̶̶2̶0̶0̶ | C̶o̶m̶e̶n̶i̶t̶y̶ ̶M̶a̶s̶t̶e̶r̶C̶a̶r̶d̶ ̶$̶1̶,̶1̶8̶0̶
Message 9 of 9
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