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First Amex Prequal - Plum Card - No sure to believe it

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Valued Contributor

First Amex Prequal - Plum Card - No sure to believe it

After checking every few weeks for quite some time, I finally received aie for the Plum Card.  That was heartening but am not sure to believed it.  I have not had much luck this year with so called pre-qualified "offers".  The Plum would also not be the first choice but it would get us our first major business CC  or charge card.

 

I am an AU on Wife's personal Gold that is 3 months old.  I have an "offer" while she does not and her EX score is @ 651 is 11 points higher with fewer derogs.  Business credit is excellent and deep with 4 year history at D&B and EX (82 & 84),  EQ business in a disaster with a split file and items that I know do not belong to us as there is reference to a past due amount but we have no such business account.

 

Should I take this as a good sign or give it a shot.  Our plan was to apply for a business AMEX through my Wife.

 

Thoughts? 


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Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL
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Super Contributor

Re: First Amex Prequal - Plum Card - No sure to believe it

The thing is even if you provide an EIN which has history on it they'll still run the personal credit of the applicant. Is 551 her EX credit score at the present time?

 

For the mailer I'm assuming it's more marketing but can't say for certain. Haven't gotten one from AMEX in awhile to say for certain

2020 is like a steak cooked well-done that needs to get out of my face. - @imapharmacygirl
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Re: First Amex Prequal - Plum Card - No sure to believe it


@simplynoir wrote:

The thing is even if you provide an EIN which has history on it they'll still run the personal credit of the applicant. Is 551 her EX credit score at the present time?

 

For the mailer I'm assuming it's more marketing but can't say for certain. Haven't gotten one from AMEX in awhile to say for certain


Sorry, 651


|

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL
Message 3 of 6
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Moderator

Re: First Amex Prequal - Plum Card - No sure to believe it

I would just give it a shot under your specific profile and see what it yields. Do your research to compare which business charge cards would be suitable for your business needs. The nice thing about Plum, the first year AF is waived and you typically have 2 statement cycles to PIF (minimum payment required on the 1st cycle though).
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Valued Contributor

Re: First Amex Prequal - Plum Card - No sure to believe it


@FinStar wrote:
I would just give it a shot under your specific profile and see what it yields. Do your research to compare which business charge cards would be suitable for your business needs. The nice thing about Plum, the first year AF is waived and you typically have 2 statement cycles to PIF (minimum payment required on the 1st cycle though).

Thank you.  From reading through everything, we would likely pay within 10 days of the statement to get the 1.5% discount.  That card is not my first choice but having a "real" business card would be a step in the right direction.  The Amazon or the Gold would be better.  We currently pay 20k through our business debit cards currently aside from things we pay and then are reimbursed for on personal CC's.  Always PIF.    I had zero EX INQ's until the other day,  now only 1 after my big Chase prequal fail so I guess it would not be the end of the world.  I am leery of prequals though as I am 0/3 this year on the personal side.

 

Can you combine Business and Personal MR points?


|

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL
Message 5 of 6
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Valued Contributor

Re: First Amex Prequal - Plum Card - No sure to believe it


@spiritcraft1 wrote:

 

Can you combine Business and Personal MR points?


Yes. good luck




Living through Darwinism is so much worse than learning about about it in school.
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