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First Amex Buss. card approved - sooo happy!

FinStar
Moderator

Re: First Amex Buss. card approved - sooo happy!


@WP2020 wrote:

@sugarcreek67 Yes, I was thinking of waiting 30 days to apply to Blue Bus Cash card aswell, it seems a great card aswell.

Does anyone know the following?

1. Does Amex usually give a lower limit on the second card when 20 to 30 days apart?

2. I was just offered an Amex Personal loan for up to $19,000, would it hurt my chances to get approved or lower my SL on my second Amex buss. card if I took their loan?

 

I just think my score will be lower the following month once the PL posts so was thinking it would be best to get the buss. card before just in case. Or maybe Amex will only give me one or the other, what do you think? They are being VERY nice this month so far. Anyone have any DP on this? 


You can apply for the 2nd business card at any point. Some folks have been able to do so on the same day or even after a week, etc.  It's doubtful that waiting longer would fare anything different.

 

Keep in mind though, profiles are like fingerprints -- no two are alike.  That said, some reports have indicated a 2nd revolver approval with either less, equal to, or higher than the first approval as far as the starting limit. You'd be rolling the dice as there is no definitive answer on what you will get, if approved.

 

You can also try the PL route but don't wait on the offer for too long as some of these can tend to goo *poof* rather quickly -- no exact timeframe on how long they last.

Message 11 of 13
MyFault
Valued Contributor

Re: First Amex Buss. card approved - sooo happy!

Congrats on your BBP approval!



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Message 12 of 13
TryItAgain
Contributor

Re: First Amex Buss. card approved - sooo happy!


@FinStar wrote:

@WP2020 wrote:

@sugarcreek67 Yes, I was thinking of waiting 30 days to apply to Blue Bus Cash card aswell, it seems a great card aswell.

Does anyone know the following?

1. Does Amex usually give a lower limit on the second card when 20 to 30 days apart?

2. I was just offered an Amex Personal loan for up to $19,000, would it hurt my chances to get approved or lower my SL on my second Amex buss. card if I took their loan?

 

I just think my score will be lower the following month once the PL posts so was thinking it would be best to get the buss. card before just in case. Or maybe Amex will only give me one or the other, what do you think? They are being VERY nice this month so far. Anyone have any DP on this? 


You can apply for the 2nd business card at any point. Some folks have been able to do so on the same day or even after a week, etc.  It's doubtful that waiting longer would fare anything different.

 

Keep in mind though, profiles are like fingerprints -- no two are alike.  That said, some reports have indicated a 2nd revolver approval with either less, equal to, or higher than the first approval as far as the starting limit. You'd be rolling the dice as there is no definitive answer on what you will get, if approved.

 

You can also try the PL route but don't wait on the offer for too long as some of these can tend to goo *poof* rather quickly -- no exact timeframe on how long they last.


In my case I had a personal Amex BCP from 4-21.  I applied for Busines Amex BBC in 2-22 got $25k limit, then again 28 days later apped for Amex Business BBP got $22k limit, slightly less.

 

So both business revolvers inside of 30 days both soft pulls, Amex is just awesome.  Eventually I will likely add a Plat charge card to finish the set if they alow 3 business and 1 personal. YMMV

 

Message 13 of 13
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