What You Need To Know When Apply For Amex Business Cards

What You Need To Know When Apply For Amex Business Cards

The following new/increased sign-up bonuses on Amex business cards:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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

  1. 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
  2. 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

  1. 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
  2. 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:

  1. Federal Tax ID
  2. Legal Business Name
  3. Phone Number
  4. Business Address
  5. Years In Business
  6. Industry Type
  7. Company Structure
  8. Number Of Employees
  9. Estimated Monthly Spend
  10. 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:

  1. If you’re a sole proprietorship, you can select that as your company structure
  2. For the federal tax ID you can put your social security number
  3. You can use your name as your legal business name
  4. The business address & phone number can be the same as your personal address & phone number
  5. You can select “other” as your industry type, if that’s the case
  6. In terms of years in business, there’s no shame in saying it has been less than a year, 1-2 years, etc.
  7. 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!

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