I posted a week ago that I had just applied for the corp card through my employer. Yesterday I got the acceptance letter in the mail! I could not beleive it. It was based on my credit file, they pulled Experian. I was worried that I would get denied and that my employer may or may not back it for approval but that wasn't even neccessary The card should be arriving today or tomorrow...
Re: Amex Corp Card - GOT IT!!! I have heard that corporate credit cards are not reported to Cr bureaus.
Re: Amex Corp Card - GOT IT!!! Congratulations to you. Maybe, since they pulled your credit file, you will be able to use this card as leverage to get your own
Re: Amex Corp Card - GOT IT!!! Told you so! ;-) Yes this card DOES NOT report to CRA's......only if you are like 60+ days delinquent or something. Also, this card has NO LEVERAGE AT ALL when applying for your own card as I know this first hand. Congrats!
Re: Amex Corp Card - GOT IT!!! I had a corporate card for over a year and it never once was reported. Also when I left the company I left the state to take another job and the bill didnt catch up to me for about another 2-3 months so it was quite late when i finally paid it and it never reported on my reports. Misty
Re: Amex Corp Card - GOT IT!!! It stated in my acceptance letter that my credit file will not be altered by the inquiry or by my having an account. I think I read somewhere that they only report if you completely default or don't pay for 180 days. I know that it won't get me any leverage to get my own Amex, but I really don't need one now. I have other cards but I really needed this one for business travel (my other cards have low limits). Thanks for all the support!
Re: Amex Corp Card - GOT IT!!! First off, congrats. I find myself in the same predicament-need to apply for this, but hesitant because of my score (high 500s). I have lots of lates, two collections. Just signed up with Junum. MVFL, Do you happen to know your score?
Re: Amex Corp Card - GOT IT!!! I have a 569 on Equifax, but they pulled Experian which is a little better for me. I've heard that for the corp card they mostly just look for a Bankruptcy and probably want you to have some positive credit. But obviously their approval standards are much lower for the corp card than for the regular. They have to be, otherwise they'd lose a lot of money cause corporations would have to use a different card if enough employees were turned down. You should apply for the card.
Re: Amex Corp Card - GOT IT!!! mvfl - that's encouraging to hear! I have a friend who got a pre-screened offer for the Gold Corporate as well as the Blue for Biz cards but her credit is shot. If they're not going to rely on personal history then perhaps she could get it?
Re: Amex Corp Card - GOT IT!!! Wow, that is good news. My husband is in the same situation, with a score of 607 so I guess that shouldnt be a problem??? Thanks for the info
