Description: The article is about chase journey. The author is going to talk about how he got the American Express Business cards and AMEX Business Gold Plus and how he uses them every single day for different demands. We can learn what the author did to get those cards and how he got the card approved.
I will be talking about how I got both of my American Express cards and how I use them every single day back by popular demands. We have a special edition of credit card Wars part 5 to start off.
I have American Express business cards in my hand, the first is American Express Business Plus, this has a 45 thousand dollar credit limit on there and a half in my other hand, the American Express business gold, this is what they call a charge card, there’s not a credit limit, we will talk about that later on.
I’m going to talk about what I did to get these cards. I know there are different techniques that people use, but I’m going to talk about what works for me, before I applied for these cards, I had an American Express personal card, the personal card I had was called the blue cash card.
When I first applied for it, it was still a very tough card to get, I started off from what I recall with maybe a three or four thousand dollar credit limit, when you look at the card, if you were to apply for that card, there’s a hundred and fifty dollar cash credit.
If you spend $1,000 or more in the next three months when I applied, I think my credit score at the time was maybe 700, when I called in, once I received the card and I tried the up the credit limit from 3000 to something ridiculous 10000 America Express, we don’t know you’re stuck at 3000.
So I wanted to put that to context before I talk about these two cards, after I’ve had that American Express card, the blue cash card for about a year and a half, that’s when I went in and at the time, I believe there was a hundred thousand point bonus on the business gold card.
So I call and applied, it went through a whole process where I was talking to someone and when the phone call is finished, I was approved for that card by making the phone call, it was very tough, I tried to extract information from the American Express representative.
But what I believe happened was first I already had one and a half year relationship with American Express, so they can pull my personal card and see what to expect from me.
The second thing was that I have a small business, so they were able to ask me what my sales were and what my profit was the last two years, you do not need an official gim to apply for this card you can apply.
If you’re a sole proprietor of your business, but for us, we are S corp, so I applied with my yayan number, I spoke about previously the 100 thousand point bonus, if you spend more than five thousand in the first three months, that was when I applied for this card maybe two years ago.
Today since American Express is being very stingy with their bonuses, it’s only fifty thousand today, so if you look online, it’s at fifty thousand, after having this card, I applied for the American Express business plus the American Express business plus at the time.
There was also a twenty thousand point bonus sign-on after you use it for three months and you charged up to a certain amount, that bonus is gone, when I applied for this card, I went directly to their website, I typed in a bunch of information, I answered all the questions as truthfully as I could and bam off the top they gave me $45,000 as my credit limit.
The reason why that forty-five thousand dollar credit limit was very important is that a year ago, you can use this card up to 15 months with zero interest, so to put into context, you can charge up the card to the credit limit and not pay any interest for fifteen months, this is strategic if you need to use your card for small business needs.
At the beginning of the video, I talked about the card being a charge card, that means it’s not technically a credit card, it’s a charge card, you have to work your way up, American Express might start off with maybe a five thousand dollar balance and they’re going to see what you do, are you going to charge up to five thousand.
Once you hit that amount and you try to buy something for $5,000 or $10,000, it’s going to get declined, they want you to pay off the card in the 30-day period and charge it up again next month.
What I’m trying to say is that the charge card at this time, my calculations show that this has a fifty thousand dollar maximum balance per month where I can charge it up to fifty thousand and pay it off.
What they’re doing is that they want to see your spending habits over time and they’ll slowly raise that limit, I’m going to talk about what you need to do to get one of these cards, you aren’t going to probably listen to me about applying for the blue cash card.
So I’ll go into these cards and give you my honest thoughts, there’s going to be no tricks here, this is a magic show, so the first thing you should do is to go on one of the free credit websites and get your credit score, you have to know what your credit score is, that’s the first thing.
I highly recommend that your credit score be at least at a 700, that’s a person, the second thing you need to do is to make sure all your cards, your personal cards are paid off, don’t worry about your business cards.
Let’s talk about your personal cards, because initially American Express is going to pull your personal car apart to see who the actor is talking to.
Here’s the third step, since you’re applying for a business card, you had better have some types of business to tell American Express they’re going to ask you what business or sole proprietor business you have.
So you’re going to need to have some type of revenue, because they’re going to ask you for it and set up a profit, then you’ve made the last two years, so keep those three steps in mind.
If you were going to go into an order, what should I apply for first? I would highly recommend applying for the business plus, it’s an easier card, there’s no bonus, there’s a likelihood, they’re going to let you start off with this card first and cap your credit limit using this card.
There are a few positives, you get two times, the points on any transaction up to fifty thousand dollars a year, so that’s the plus of this card, you’re going to get zero interest for fifteen months, so you can use your card to grow your business.
So for the American Express goal, I would first like to get this card in the pocket, then apply for this card, six months later, I would hope that you would maybe apply for this twelve months later, but six months, the plus of this card is that you are going to be in a position to get some types of bonus.
It’s fifty thousand, but I have seen instances where American Express will market a hundred thousand point bonus, you have to keep your eye out for that, but outside of that the reason why I use this card often is that every year, you can choose a category, the three categories are shipping airlines, gas station, advertising a computer or software purchases, you can pick one of those categories and American Express will give you three times the points up to a hundred thousand points to close out this video.
I highly think it’s a good idea to apply for the blue cash personal card first, so America Express has a little history, you apply for the business plus card, there is zero annual fee, but there’s a little better chance of giving a proof of this card.
If you don’t want to listen to both of the things I said earlier and you want to go for the big one be prepared for first zero annual fee the first year, but $175 annual fee for the second year and moving forward, so if you have any questions for me, since I have a lot of experience with American Express, please comment below, see you on the next credit card wars battle.