Gold Amex to business gold card

[Anonymous]

Can you convert your Gold Amex to business gold card without it taking a hit on your credit? Anyone done this before? Or is it even possible?

Thank you to anyone that can shine light...

[Anonymous]

I did find out you can NOT upgrade your normal Gold to a Business Gold. You must complete an application. I did just receive a conformation telling me I'm pre-approved. Now, this isn't 100% correct that you would be approved, correct? I like the Gold business for the fact if I needed to pay over time on a larger business purchase I can make payments rather than paying in full.

Anyone use this cards and like or dislike it?

[Anonymous]

I logged into my Amex account and had this bold text message "Congratulations!  You are invited to apply for the American Business Gold Card. I already have a Gold Amex and a Blue preffered Amex.

My question is this... Is this an approval or do I still have to go through the process? I am in the process of starting a new business not sure how they would know that. I don't have the business license just yet as we are doing the build out at the location nor the business license just yet. This is a new start-up.

With that said... it ask what your annual income is. I haven't made a dime just yet. I'm also a sole owner with no investors nor partners. I do make $123,000. 

What do you do when it comes to the income? 0- or the $123,000 it's a little confusing. I don't even know the name of my business yet. We are working on that too.

[Anonymous]

Not a pre-approval. Just an invite to try.

[Anonymous]

You are doing build out but don’t have a name for the business or a business license, etc yet?

Either way, you can apply for the card a sole prop. The app will ask for both business revenue and personal income. If you have $0 business revenue, you will have to list that.

[DoogieBall]

Might be a good idea to put your predicted business income instead of your personal income.  I'm sure others can have much more solid experiences.

I had the same offer in December which was weird because I only had one existing credit card and was approved earlier that morning for an Amex Everyday card.  I couldn't really justify the annual fee for the Gold, so I decided to apply for the Business Blue Simply Cash.  I had been running a small (very small) business for a decade but never really though about a business card until I saw the pre-qual.

Anyway, in the app I put down the amount of business income at $2k and was instant approved for that amount.  I think I could have gotten more but I didn't want to push it.

[LittleSal]

Amex pre-approvals are pretty solid.

Since the Gold is a charge card, makes approval easier then revolving cards. You have a good shot at it!!

[Anonymous]

As you found, cannot product change across personal vs small business.

Please do the math on rewards structure vs annual fee.

For many people the Amex SimplyCash Plus may be a better card.

[Anonymous]

Yes, we are doing the build out and do not have the exact name for the business just yet. We have a few names that we are bouncing around.

It will be at least 60 days before build out is completed. Not having a business license is not required until move in date. Most likely I'll be doing a LLC. Of course this will be completed prior to soft opening.