What You Need To Know When Apply For Amex Business Cards
The following new/increased sign-up bonuses on Amex business cards:
- The Blue Business℠ Plus Credit Card from American Express is offering a sign-up bonus of 10,000 Membership Rewards after spending $3,000 within 3 months; no annual fee.
- The Platinum Delta SkyMiles® Business Credit Card from American Express is offering a sign-up bonus of 70,000 SkyMiles + 10,000 Medallion Qualifying Miles after spending $3,000 within 3 months & a $100 statement credit after making a Delta purchase within 3 months; the card has a $195 annual fee.
- The Gold Delta SkyMiles® Business Credit Card from American Express is offering a sign-up bonus of 50,000 SkyMiles after spending $2,000 within 3 months + 10,000 additional SkyMiles after spending an additional $1,000 within 6 months + a $50 statement credit after making a Delta purchase within three months; the $95 annual fee is waived for the 1st year.
- The Starwood Preferred Guest® Business Credit Card from American Express is offering a sign-up bonus of 35,000 Starpoints after spending $7,000 within 3 months; the $95 annual fee is waived for the 1st year.
- The Hilton Honors American Express Business Card is offering a sign-up bonus of 75,000 Honors points after spending $3,000 within three months + an additional 25,000 points after spending an additional $1,000 within 6 months; the card has a $95 annual fee.
The restrictions on applying for Amex business cards
- You can be approved for at most two American Express credit cards in 90 days, though there are some inconsistencies when it comes to that
- You can have at most five Amex credit cards at any given point; no matter whether they’re personal or business, and this limit doesn’t include charge cards
The advantage of applying for Amex business cards
- Applying for Amex business cards doesn’t count towards Chase’s 5/24 limit; – these applications typically aren’t reported on your personal credit report
- If you’re an existing Amex cardmember and apply for another Amex card, your credit won’t initially be pulled; this means if you get a preliminary denial based on existing information, it won’t ding your credit score
How to fill out an Amex business card application
The 2 business credit cards are familiar with the application process, but for those who aren’t.
It can be intimidating to apply for your first business credit card, though even if you’re a small business or sole proprietorship, you should be eligible. When applying for an Amex business card, you’ll be asked the following questions – here’s what you need to know:
- Federal Tax ID
- Legal Business Name
- Phone Number
- Business Address
- Years In Business
- Industry Type
- Company Structure
- Number Of Employees
- Estimated Monthly Spend
- Annual Business Revenue
If you are a sole proprietorship, first of all, and most importantly, answer everything truthfully. I think the concern that a lot of people have is that they think they need an incorporated business, a separate office and so on.
In order to be considered for a business card. That’s not the case:
- If you’re a sole proprietorship, you can select that as your company structure
- For the federal tax ID you can put your social security number
- You can use your name as your legal business name
- The business address & phone number can be the same as your personal address & phone number
- You can select “other” as your industry type, if that’s the case
- In terms of years in business, there’s no shame in saying it has been less than a year, 1-2 years, etc.
- In terms of the number of employees, saying just ons is perfectly fine
The most important thing is to always be truthful on the application!