Wonder if i should keep it? its 8.24% for whatever (checks/cash/charge card). $250 annual fee, hidden credit line. tempting. I have Delta Business $18200 Amex Capital $32000 Amex Blue $9200 Cash Rebate $4000 Skymiles optiosn $2000 The rate on the capital line is decent, i know if i ever needed to "hide balances" that would be enough to hide a nice car and such and not get totally reamed on the finance charges. but $250/year? Thats like a amex platinum.
Re: Re: Approvied: Amex Capital Line I guess I didn't understand the hidden part. How long did it take you to build up with amex? We have a rather young corp (been in biz 2.5 years) and we're working on our D n B, but even with good credit amex only offered us 5k to start with OPEN.
Re: Re: Approvied: Amex Capital Line It is based on your personal income (day job), previous performance (1+ year), credit score, and companies sales and net worth. Mostly your own income though. If you only draw $20K then whaddya expect? I have a day job as well as a company with a household income in 6 figures plus a company that nets decent amounts. Then again my other company my fiance owns. Makes 25K a year. It qualified based on her income and 25-50K a year as a 1 year old company for amex blue 11K credit line for business instantly. The score she had was a 765 with about 1 year of prior (delta skymiles credit) and a corporate skymiles card with a line thats absurd. They look at more than your business, i'd have to say 80% your credit, 10% your prior record with them, and 5-10 on the questions you answer about your business lol.
Re: Re: Re: Approvied: Amex Capital Line If you are addressing me I am assuming this is a rhetorical question. We qualify fine for all of the above and were offered 5k to start so I'm wondering if they are tightening up or what they didn't like about us?
