personal credit card
Know of any good reputable, honest debt reduction/consolidation agencies that are non-profit also?
Question
Why do some credit card companies deny then others?
Background: I applied for a small business credit card ( new company about 1 month old ), at American Express, and they denied me right off the bat, for "insufficent credit", even though i have a personal credit score of 730, with some inquires. Then the next day i applied at my bank for a small business credit card, and got approved for $12,750 with 0% apr for 6 months, then after that only 6%... What gives? What does it take to get an American Express? lmao
2 years ago - 2 answers
Best Answer
Chosen by Asker
Speaking as a nationally known credit score and mortgage lending expert (book, radio shows, newspaper columns, etc.): Different creditors have different credit criteria for credit approval. What those criteria are is carefully guarded, believe me I have tried to find out! Basically your newer business does not have a Dunn & Bradstreet "paydex" score--similar to personal credit scores in concept. There is also a similar Experian Business Score. You need to build your business credit since that is what you are applying for. Many companies offer a service to short-cut the process and like any other business, some are good and most are poor or bad. Fair warning! Even Dunn & Bradstreet itself over-charges for this service. It is something to study.
2 years ago
Asker's Rating: 
Other Answers
Just give it some time. Amex is different from the others. Keep a good history and soon they'll be begging you to take their card.
by fukinluckyfuker- 2 years ago
your bank knows you and they have your money = less risk A/E needs to see collateral
by ssamh111- 2 years ago