Has anyone recently applied and was approved for business credit card? I have several questions. In particular I'm interested in American Express Small Business Starwood CC. As I understand it still primarily goes on my personal credit history and I'm the one mostly responsible for paying the balance. What kind of credit line can I expect? Would it be the same as if I've applied for personal credit card or business performance can actually affect it and I'll get bigger credit line?
We have an AmEx business credit card. Lowest credit line I've ever receive on a credit card If you want or need higher credit lines, you need to develop a relationship with your bank and consider a credit line instead of credit cards.
Yes, it will be based on your personal credit history and income. They will only report to your personal credit not your business credit. They will start you out on a line based on your income, time in business, etc. As you use it properly, they will increase your line or you can ask for a line increase. Follow their rules closely or they will jack the rate and fees (also watch their annual fees - these can really add up).