First AMEX business cards- 2 approvals today/question

[Suzette2]

So I already have 2 AMEX personal cards (BCP and Plat Delta).  

today I got approved for both business platinum and gold.  I have 2 businesses.  

How are these different in respect to the cards I have? Spending limit etc. 

Any tips? TIA 

[huskynation]

Congrats on your approval! Can you share your SL? 

[pizzadude]

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@Suzette2 wrote:

So I already have 2 AMEX personal cards (BCP and Plat Delta).  

today I got approved for both business platinum and gold.  I have 2 businesses.  

How are these different in respect to the cards I have? Spending limit etc. 

Any tips? TIA 

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Congrats on the double approvals !   Your new charge cards are both NPSL, meaning that you generally shouldn't have to worry about credit limits but also you're expected to PIF each statement unless you decide to activate the pay over time ( POT ) feature on them. 

[Suzette2]

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@huskynation wrote:

Congrats on your approval! Can you share your SL? 

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No SL

[SouthJamaica]

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@Suzette2 wrote:

So I already have 2 AMEX personal cards (BCP and Plat Delta).  

today I got approved for both business platinum and gold.  I have 2 businesses.  

How are these different in respect to the cards I have? Spending limit etc. 

Any tips? TIA 

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Congratulations @Suzette2  American Express is a good business lender.

[SDMarik]

Other than the NPSL, the only other difference are going to be that rewards are slightly more business focused. For instance, with the personal gold you get 4x at restaurants and grocery stores, and with business gold its 4x at 2 categories you spend the most on.

Other than that the only real difference is that you are expected to pay the entire balance in full each statement cycle, and since they are charge cards they will not add any credit limit to your file. So if your statement cuts with balances, it will hurt your utilization more because the revolving debt will post, but you will not have any additional credit to offest it.

Grats on the two cards!

[SouthJamaica]

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@SDMarik wrote:

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....... since they are charge cards they will not add any credit limit to your file. So if your statement cuts with balances, it will hurt your utilization more because the revolving debt will post, but you will not have any additional credit to offest it.

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Not so.

1. Charge card balances don't affect utilization.

2. Business card balances which do not report to personal credit don't affect utilization.

[Suzette2]

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@SouthJamaica wrote:

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@SDMarik wrote:

......

....... since they are charge cards they will not add any credit limit to your file. So if your statement cuts with balances, it will hurt your utilization more because the revolving debt will post, but you will not have any additional credit to offest it.

..........

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Not so.

1. Charge card balances don't affect utilization.

2. Business card balances which do not report to personal credit don't affect utilization.

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Thx for clearing this up 

[cashorcharge]

WooHoo!! Congratulations on both your AMEX Approvals!!👏🏼🍾🥂

Other than some rewards structure differences, the cards are primarily the same

There are also better travel benefits and credits back with the Plat versus the Gold