Approved for Blue Business Plus! First Business Card

[manbuckets]

I'm currently at 5/24 but still had some other cards on my radar so I applied for the BBP and got approved with a $4400 SL! I applied for this card back in March and got denied so it feels good to get accepted and to start being able to build up some business credit.

[Shooting-For-800]

Can we get some data points on your business?

Sales?

Net Income?

Years Established?

I am thinking about starting a PT business and curious if Amex is just using personal credit for decisions for new or low income businesses.

[manbuckets]

I've been doing UberEats on/off since November 2020 and I put $2000 for annual revenue. So <1 year old and low income business got me more than double my annual revenue as a limit.

[Shooting-For-800]

Awesome.

Thanks!

[GatorGuy]

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@Shooting-For-800 wrote:

Can we get some data points on your business?

Sales?

Net Income?

Years Established?

I am thinking about starting a PT business and curious if Amex is just using personal credit for decisions for new or low income businesses.

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Amex approved my BBP as a sole proprietor with zero docs or income verification and less than one year in business. 

[pizzadude]

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@GatorGuy wrote:

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Amex approved my BBP as a sole proprietor with zero docs or income verification and less than one year in business.

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IIRC I also didn't really have to provide much documentation.  I provided them my financials, don't recall that I had to upload a 941 or any IRS forms ( other than EIN paperwork ).

[CreditCuriosity]

They really base it off your personal income/score/profile and history with them.  I do most of my cards as Sole Prop and as mentioned in my thread put 1500 revenue a year consulting.  I also have a EIN, but rarely use it.  Amex is probably the easiest business major card to get approved for.

[CreditAggie]

Congratulations on your BBP approval!

[babygirl1256]

Congrats on your Blue Business Plus (first business credit card) . . . I'm looking forward to obtaining my first business card also . . . thinking about waiting until 12/2022 as I have a BoA paid CO listed only on Equifax totaling $429.00 -and- BoA or EQ won't purge until the schedule deletion date!