Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
An American Express business card application is a touch more complicated than what you’ll find with Amex’s consumer cards. But once you understand the terminology and how easy it can be to qualify for a business card, you unlock access to more credit card rewards. And the rewards you earn from American Express business cards and personal cards are automatically pooled together, which makes booking your next vacation with Amex points much easier.
Below, CNBC Select details how to complete an Amex business card application.
How to apply for an American Express business card
Advantages to having an American Express business card
Opening an American Express business card is a great way to turn your business expenses into cash back or travel rewards. Having a credit card for your business is practical because it can streamline some of your bookkeeping by making it easier to separate your personal and business transactions.
Many Amex business cards also have benefits and perks tailored to small business owners. The American Express® Business Gold Card is a perfect example of this, earning a stellar 4X Membership Rewards® points in the top two categories you spend the most in each month (on the first $150,000 in combined purchases from these two categories each calendar year, then 1X points). These bonus spending categories include many common business expenses, such as U.S. shipping and select U.S. advertising purchases.
American Express® Business Gold Card
On the American Express secure site
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Rewards
Get more rewards with 4X Membership Rewards® points on two select categories where you spend the most each month and 25% points back after you book a flight using Pay with Points (up to 250,000 points back per calendar year).
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Welcome bonus
Earn 70,000 Membership Rewards points after you spend $10,000 on eligible purchases within the first three months of card membership
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Annual fee
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Intro APR
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Regular APR
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Balance transfer fee
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Foreign transaction fee
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Credit needed
The Business Platinum Card® from American Express
On the American Express secure site
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Rewards
Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that’s an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
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Welcome bonus
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership
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Annual fee
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Intro APR
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Regular APR
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Balance transfer fee
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Foreign transaction fee
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Credit needed
How to qualify for an Amex Business card
Your personal finances also factor into whether you are approved for an Amex business card. The best cards typically require the highest credit scores. American Express also has specific rules for the cards it issues. For example, you usually aren’t eligible for a card’s welcome bonus offer if you currently have the card or have had that specific card before.
How to complete an Amex business card application
Most of the information you need to complete an American Express business card application is straightforward. You’ll need to enter the following:
- Email Address
- Legal business name
- Business name on card
- Company DBA name (optional)
- Business address
- Industry type
- Company structure
- Years in business
- Number of employees
- Annual business revenue
- Estimated monthly spending
- Federal tax ID
- Role in company
If you’re a sole proprietor, some of your business information could be the same as your personal information. A sole proprietor may be able to use their name as the legal business name and the business name displayed on the card, and their Social Security number could serve as their business’s tax ID. The company DBA (doing business as) name only applies if you have registered what is known as a fictitious, assumed or trade name for the business. If you’re the only person who works for your business, enter “1” for the number of employees.
American Express will also need some personal information, including your name, address, Social Security number, phone number, date of birth, and total annual income. If you’re a current American Express cardholder, you can streamline this part of the application by logging into your account, in which case you’ll only need to enter your business information and total annual income.
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For rates and fees of the American Express® Business Gold Card, click here.
For rates and fees of the Business Platinum Card® from American Express, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Sumber: www.cnbc.com
