A reputable financial corporation called American Express provides a range of credit cards for both people and companies. The Amex company Cash card, which provides cashback incentives on company purchases, is one of its well-known business credit cards. However, it is unclear if the Amex Business Cash card qualifies as a credit card or not. The answer is straightforward: it’s a credit card created especially for small businesses.
The applicant must have a strong credit score in order to be approved for an American Express Blue Business Card. Despite the fact that American Express is secretive about the details of its credit score standards, a decent credit score is typically regarded as being above 670. Good credit does not, however, ensure approval for the Amex Blue Business Card because additional considerations, including income, debt-to-income ratio, and credit history, are also made. How Does Simply Cash Function?
Another well-known business credit card that the banking institution offers is the American Express Simply Cash card. The card provides cashback benefits for business expenditures. On purchases made at office supply businesses and wireless phone service providers in the US, cardholders can receive 5% cashback. Additionally, consumers are eligible to receive 3% cashback on purchases made in a particular category of their choice, such dining out and gas stations. Each calendar year, cardholders can earn up to $50,000 in cashback benefits.
Does American Express Blue require full payment each month?
Although it is not required, it is a good idea to pay the American Express Blue Business Card in full each month. For the first 12 months, the card gives a 0% introductory APR on purchases; after that, the APR rises to a variable rate. High-interest fees may apply if the balance is not paid in full; these fees accumulate over time. To prevent interest costs and keep a decent credit score, it is advised to pay the balance in full each month. Does Amex Blue Business Check Credit History?
Yes, a personal credit check is done throughout the application process for the American Express Blue Business Card. This is true because small enterprises, which are frequently dependent on the owner’s personal credit, are the target market for the card. To maximize the likelihood of approval, it is advised to keep a solid personal credit score even if the impact on the score is typically negligible.
The Amex Business Cash card is a credit card created specifically for small enterprises, to sum up. An candidate for an American Express Blue Business Card must have a high credit score, and the card gives cashback incentives on business transactions. Although it is not required, it is advised to pay the balance in full each month to avoid interest fees and have a decent credit score. Last but not least, the card pulls personal credit as part of the application process, thus it is advised to keep a high personal credit score to improve your chances of being approved.