Wanting to apply for an Amex Plum

[Anonymous]

Hi dzaade.

I've split your post off to start a new thread. All I've changed is the title.

MarineVietVet, myFICO moderator

---

Does anyone have a suggestion to what their credit score should be before applying for PluM?

[Creditaddict]

Do you have any other Amex Cards, Business or Personal?

They pull EX and since we don't know our score usually until we apply with a bank that pulls EX it's hard to say... and to top it off, Amex uses it's own formula after pulling the report from EX.

[Open123]

For the Plum card, it all depends.

If you have an existing history with AmEx, then your score isn't that relevant unless you've got recent derogs.

If you don't have a history, the Plum card is the hardest business charge card to be approved for, in my estimation.  Without a prior AmEx relationship or in lieu of an already good internal score with them, I'd say you'd need at least a 700+ Fico with low debt to equity and revolving account utilization.

[dmbtay]

I started a new business, and recently applied for plum.  We have an AMEX plat (used with extremely high balances and paid for 2 years), AMEX Zync, and blue preferred.  I got denied because they surpassed the internal score and did a soft pull showing a high utilization (we just got married).  I was hoping they would use my new business (S CORP) , but this seems to be literally the same as personal just with the word business.  Still confused, but will get a business amex at some point!

[Creditaddict]

---

@dmbtay wrote:

I started a new business, and recently applied for plum.  We have an AMEX plat (used with extremely high balances and paid for 2 years), AMEX Zync, and blue preferred.  I got denied because they surpassed the internal score and did a soft pull showing a high utilization (we just got married).  I was hoping they would use my new business (S CORP) , but this seems to be literally the same as personal just with the word business.  Still confused, but will get a business amex at some point!

---

Most of the big bank business credit cards, Chase, Amex, Cap1, Discover... they don't care about business credit just yours.

[dmbtay]

---

@Creditaddict wrote:

---

@dmbtay wrote:

I started a new business, and recently applied for plum.  We have an AMEX plat (used with extremely high balances and paid for 2 years), AMEX Zync, and blue preferred.  I got denied because they surpassed the internal score and did a soft pull showing a high utilization (we just got married).  I was hoping they would use my new business (S CORP) , but this seems to be literally the same as personal just with the word business.  Still confused, but will get a business amex at some point!

---

Most of the big bank business credit cards, Chase, Amex, Cap1, Discover... they don't care about business credit just yours.

---

Gotcha, so after we pay our wedding expenses this month (affecting our utlization by 70%) i suppose ill give it another shot.