American Express Credit Card for Small Businesses

Guest: tonyb
Post subject: American Express Credit Card for Small Businesses
Posted: Wed Apr 05, 2006 2:30 pm

I don't know if they require it, but if they don't require it I doubt it would help. Business cards like that for small (and even medium) businesses are always tied to an individual's credit (at least I don't know of any cases were it's not). I had this in another post, but since corporations can act as a shield against assets, a credit card issuer knows that if you run up a bunch of debt, most small businesses have little or no assets to go after, so they issue credit based on the individual, as well as putting the individual on the hook for the balance if the corp fails to pay.

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Guest: spjoink
Posted: Fri Apr 07, 2006 12:56 am

i heard you need you need to have the business for over 2 years before you can apply?

spjoink

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CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

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Guest: AJK1535
Posted: Tue Apr 11, 2006 8:07 pm

I applied for biz green and was given it no problem with a start up.

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CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

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