cancel
Showing results for 
Search instead for 
Did you mean: 

Amex app question

tag
GTS
Contributor

Amex app question

Just recently got back in With amex on the personal side but would also like to now get my 1st business card with them. My question is should I unlock my CRs before Appling with them or do I not need to since im already in on the personal side? Also with the question about annual revenue is it better to put $0 because I havent been in business for a year yet or should I put projected revenue?

FICO 8/9:



Amex Gold-$no preset SL
Chase FF WEMC-$25,200 CL
Chase IHG Premier WEMC-$16,700 CL
Amex BCP-$10,000 CL
PayPal cashback WMC-$8,000 Cl
RCU Platnum Visa-$5,000 CL
Cap1 Savor One WEMC-$5,000 CL
Disco It-$8,000 CL
Disco It-$5,200 CL
Cap1 Venture One WEMC-$3,400 CL

Amex Blue Business Plus-$2000 CL
Citi Corporate MC-$5,000 CL
AU Citi AA Advantage-$30,000 CL
2 REPLIES 2
JoeRockhead
Community Leader
Super Contributor

Re: Amex app question

Future approvals with Amex are never guaranteed to be a SP. Being they are the majority of the time, you could leave them locked. They'll let you know if theres a problem processing the application Smiley Happy. If you want to eliminate possible delays in processing your application just unlock them. 

 

It's going to be a PG. Being a new business, if you don't have any tax filings put zero for revenue. It's been a while since I looked at one of their applications, but if you put zero business income they might then provide a space to input projected sales, or revenue. As a general rule of thumb, It's always best not to use projections unless the lender gives permission or provides a place to input that information. 

 

Best of luck!

 

Message 2 of 3
SouthJamaica
Mega Contributor

Re: Amex app question


@GTS wrote:

Just recently got back in With amex on the personal side but would also like to now get my 1st business card with them. My question is should I unlock my CRs before Appling with them or do I not need to since im already in on the personal side? Also with the question about annual revenue is it better to put $0 because I havent been in business for a year yet or should I put projected revenue?


I don't really know the correct answer to either question, but if it were me I'd (a) unfreeze my reports for the application, and (b) take my last few months monthly revenue and project it out over 12 months.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.