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Amex SP for new card? Biz card?

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socalchef00
Regular Contributor

Amex SP for new card? Biz card?

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


TransUnion FicoScore 8 : 800 | EquiFax FicoScore 9 : 813 | Experian FicoScore 8 : 760
Total Credit Limit Of : $374,650 | Avg Cr Age : 6 Yrs., Oldest card : 18 years, Youngest card : 2 Month
14 REPLIES 14
babygirl1256
Senior Contributor

Re: Amex SP for new card? Biz card?

My experience . . . yes, it's still a SP for any new cards with Amex if you are a current card holder and no the SP doesn't convert to a HP once approved. The SP count for both personal and business cards. 

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 2 of 15
SouthJamaica
Mega Contributor

Re: Amex SP for new card? Biz card?


@socalchef00 wrote:

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


It's still almost always a soft pull if you're already an Amex cardholder.

 

Makes no difference whether the cards are business or personal.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 3 of 15
socalchef00
Regular Contributor

Re: Amex SP for new card? Biz card?


@SouthJamaica wrote:

@socalchef00 wrote:

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


It's still almost always a soft pull if you're already an Amex cardholder.

 

Makes no difference whether the cards are business or personal.


Even if the business has a different tax id?  


TransUnion FicoScore 8 : 800 | EquiFax FicoScore 9 : 813 | Experian FicoScore 8 : 760
Total Credit Limit Of : $374,650 | Avg Cr Age : 6 Yrs., Oldest card : 18 years, Youngest card : 2 Month
Message 4 of 15
socalchef00
Regular Contributor

Re: Amex SP for new card? Biz card?


@babygirl1256 wrote:

My experience . . . yes, it's still a SP for any new cards with Amex if you are a current card holder and no the SP doesn't convert to a HP once approved. The SP count for both personal and business cards. 


Even if the business has a different tax id?  


TransUnion FicoScore 8 : 800 | EquiFax FicoScore 9 : 813 | Experian FicoScore 8 : 760
Total Credit Limit Of : $374,650 | Avg Cr Age : 6 Yrs., Oldest card : 18 years, Youngest card : 2 Month
Message 5 of 15
SouthJamaica
Mega Contributor

Re: Amex SP for new card? Biz card?


@socalchef00 wrote:

@SouthJamaica wrote:

@socalchef00 wrote:

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


It's still almost always a soft pull if you're already an Amex cardholder.

 

Makes no difference whether the cards are business or personal.


Even if the business has a different tax id?  


Different than what?


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 6 of 15
socalchef00
Regular Contributor

Re: Amex SP for new card? Biz card?


@SouthJamaica wrote:

@socalchef00 wrote:

@SouthJamaica wrote:

@socalchef00 wrote:

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


It's still almost always a soft pull if you're already an Amex cardholder.

 

Makes no difference whether the cards are business or personal.


Even if the business has a different tax id?  


Different than what?


Tax id.  Person uses a social security number, but businesses use EIN numbers, unless you're a sole prop.

So just wanted to make sure I can use my LLC and not get a HP on me for doing so


TransUnion FicoScore 8 : 800 | EquiFax FicoScore 9 : 813 | Experian FicoScore 8 : 760
Total Credit Limit Of : $374,650 | Avg Cr Age : 6 Yrs., Oldest card : 18 years, Youngest card : 2 Month
Message 7 of 15
SouthJamaica
Mega Contributor

Re: Amex SP for new card? Biz card?


@socalchef00 wrote:

@SouthJamaica wrote:

@socalchef00 wrote:

@SouthJamaica wrote:

@socalchef00 wrote:

Is it still a SP for any new cards with AMEX ?  And does it get converted to a HP if approved?

 

Does the SP also count for business cards or only personal?


It's still almost always a soft pull if you're already an Amex cardholder.

 

Makes no difference whether the cards are business or personal.


Even if the business has a different tax id?  


Different than what?


Tax id.  Person uses a social security number, but businesses use EIN numbers, unless you're a sole prop.

So just wanted to make sure I can use my LLC and not get a HP on me for doing so


Yes it doesn't matter what the tax i.d. is. They know who you are.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 8 of 15
babygirl1256
Senior Contributor

Re: Amex SP for new card? Biz card?

@socalchef00 I have a LLC with an EIN # and it doesn't matter . . . still a SP. Best wishes. 

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 9 of 15
socalchef00
Regular Contributor

Re: Amex SP for new card? Biz card?


@babygirl1256 wrote:

@socalchef00 I have a LLC with an EIN # and it doesn't matter . . . still a SP. Best wishes. 


Great thanks. 

 

Simple as logging in then going to the card products?


TransUnion FicoScore 8 : 800 | EquiFax FicoScore 9 : 813 | Experian FicoScore 8 : 760
Total Credit Limit Of : $374,650 | Avg Cr Age : 6 Yrs., Oldest card : 18 years, Youngest card : 2 Month
Message 10 of 15
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