To qualify for The Blue Business® Plus Credit Card from American Express, you'll need good to excellent credit. That's generally defined as a score of 690 or better. Credit scores alone don't guanrantee approval, though.
Everything you buy with the American Express Blue Business Cash™ Card will net you 2% cash back until you hit that $50,000 annual spending cap. Then, you'll earn an unlimited 1% cash back on spending. Terms apply. If you max out the spending cap, you'll net a whopping $1,000 back.
Despite being a no-annual-fee card, the Blue Business Plus offers several benefits that could be highly valuable for small businesses: Expanded buying power. This benefit is allows you to spend beyond your credit limit to help pay for larger purchases.
While the card could help you build your business credit, know that it could also affect your personal credit. We asked about that too, and American Express told us it reports your account activity to the three main consumer credit bureaus — TransUnion, Experian and Equifax — if your account is not in good standing.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The easiest American Express credit card to get is the USAA Secured Card, so long as you're eligible for USAA products. Ifyou're not, you might want to focus on one of the Amex cards that require good credit, like the Amex EveryDay Credit Card.
You'll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. This card requires good credit and the annual fee is $95.
You'll earn 75,000 Amex Membership Rewards points after spending $15,000 in the first three months from opening the account. To improve your odds of being approved for the Amex Business Platinum card, make sure you meet requirements like: Have a credit score of 700+ Report all eligible income on your application.
The Blue Business Plus card comes with no annual fee and 0% APR on purchases for the first 12 months of membership (after, 13.24% to 19.24% variable, see rates and fees). Cardmembers can earn 2X points on nearly all kinds of spending up to the first $50,000 spent in purchases each year.
Best Business Credit Cards
The Card is 100% free. Blue Card users get up to ₹10,000 in credit limit for shopping. Users benefit from American Express network offers and 1% MobiKwik Supercash on Card purchases. Blue Card users enjoy 20% extra savings at their favorite eCommerce brands with MobiKwik's Diwali offer up to 14th November 2020.
It's harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex's credit card offers require good or excellent credit for approval. ... And some of Amex's premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Yet No Comments