American Express - $250 Business Line of Credit Bonus

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  • Опубликовано: 29 окт 2024

Комментарии • 45

  • @RunonTheBank
    @RunonTheBank  Год назад +3

    Offer: www.americanexpress.com/en-us/business/blueprint/business-line-of-credit/
    Blog: www.profitablecontent.com/american-express-250-line-of-credit-bonus/

  • @lopezzepol1
    @lopezzepol1 Год назад +10

    The US government needs to take advantage of this bonus! At least they can get a bonus for all the debt they take out

    • @RunonTheBank
      @RunonTheBank  Год назад +3

      Well, you included the entire government this time... so that's fair

    • @ReconPro
      @ReconPro Год назад +2

      L😹L

    • @lopezzepol1
      @lopezzepol1 Год назад

      @@RunonTheBank we all know it’s the Dems fault!

    • @mitchell.9632
      @mitchell.9632 Год назад

      You know to pay off all the debt that is taken out everyone would have zero dollars.

    • @lopezzepol1
      @lopezzepol1 Год назад

      @@mitchell.9632 You are fake news!

  • @Dreby14
    @Dreby14 Год назад +2

    AMEX asked me to submit a 4506-C form when I applied for their business checking account as well (along with three consecutive months of bank statements). I had nothing to hide so it wasn't an issue for me to provide the info, but I did think it was weird that they 4506'ed me on a checking account application and not my Business Cash CC application. Thankfully I was approved for both.

    • @RunonTheBank
      @RunonTheBank  Год назад +1

      I assume there's something in their risk policy that has them ask for documentation from X amount of new applicants. It's silly....

  • @Flanderss
    @Flanderss Год назад

    It worked great. I had a business checking account and a business credit card when applying, but I used my personal Chase checking account to verify my bank account details. Although it only had a few thousand dollars in it, they accepted it without the need for any further verification.

  • @hannahajayi1445
    @hannahajayi1445 Год назад

    There requirement shows that the bussiness has to be open for a yr, what if the bussiness was open less than a yr? Do you think an approval is still possible?

    • @RunonTheBank
      @RunonTheBank  Год назад +1

      When most people do these they list themselves as a sole proprietor and input answers that satisfy the requirements of account opening. I do not think they'd approve if it's listed as less than a year. I also know they tend to not look too hard into this stuff....

  • @SENDO-X
    @SENDO-X Год назад +1

    Idk if i missed it, but will it still be a hard pull even while already being an amex customer?

    • @RunonTheBank
      @RunonTheBank  Год назад

      Yes. I had an Amex BBC and biz checking. Still got the hard pull

  • @greeneking77
    @greeneking77 Год назад

    Will you be doing one on the AMEX checking $250 offer that is out now?

    • @RunonTheBank
      @RunonTheBank  Год назад

      I don't qualify. No personal cards and I have a biz account with them. I'll probably do a video on it since many people will qualify

  • @RiririZuzuzu
    @RiririZuzuzu Год назад

    I’m confused with the 36000k per year, is that what they want to see come in and out of the amex account?
    Or the linked account has to have a decent amount of money coming in and out?

    • @RunonTheBank
      @RunonTheBank  Год назад +1

      It's what they want to see as business income. I believe they try to used the linked account to verify a level of income. I only had a few grand in the personal account I linked tho

  • @brianstricklett3868
    @brianstricklett3868 Год назад

    WECU has a checking account called "spend plus" that gives a pretty good APY. Idk if its a bank you can get to or not though.

    • @RunonTheBank
      @RunonTheBank  Год назад +2

      Thanks for the tip, I'll look into it

  • @lienecarter6411
    @lienecarter6411 8 месяцев назад

    I just applied for this not knowing that they offer a bonus for it. I was instantly approved with no documentation. I do not have $3,000 per month in revenue. There were just a few questions that I don’t even remember. I know one was is this an LLC or sole proprietorship. Way easier than i expected. But the terms are not really good for me. I only wanted $2,000 to pay off a card. Only option under 10grand was 6 month payback at quadruple the payment that i have now. I don’t think it would save me any interest either.

    • @RunonTheBank
      @RunonTheBank  8 месяцев назад

      Get a new credit card that has a 0%APR offer for 12 months on balance transfer. May cost 3% but you can offset that fee by hitting the intro offer
      Probably have a few here www.profitablecontent.com/credit-card-offers/

  • @bradwhitaker3361
    @bradwhitaker3361 Год назад

    Which bureau did they pull from?

    • @RunonTheBank
      @RunonTheBank  Год назад

      I don't remember. Probably Experian as that's who they use for the cards I believe

  • @daniellizarraga3897
    @daniellizarraga3897 Год назад

    What if you get approved but don't use the line of credit is that ok?!

    • @RunonTheBank
      @RunonTheBank  Год назад

      You don't have to draw from the LOC. I didn't and bonus posted next day after approval

    • @me7985
      @me7985 Год назад

      How much is apr?

    • @RunonTheBank
      @RunonTheBank  Год назад

      @@me7985 Not sure as I never took a draw. They were running a low APR offer when I did it tho

  • @docsays
    @docsays Год назад

    Dang it RJ, i was planning to Garden until dec or jan, but I already had this on my to do list before i knew there was a bonus!

    • @RunonTheBank
      @RunonTheBank  Год назад +1

      Ha well at least this will only be a hard pull but won't count as a card slot. It's so easy and hard to pass up!

  • @jimmyjames6492
    @jimmyjames6492 Год назад

    Thanks for the info + video!

  • @aperson1181
    @aperson1181 Год назад

    they need proof of income?

    • @RunonTheBank
      @RunonTheBank  Год назад +2

      Proof is a loose term. I believe they get it when you link a bank account. They look for sufficient funds. I don't know how they define that. I did link a personal account with no issues. Maybe $5k in the account.

    • @aperson1181
      @aperson1181 Год назад

      @@RunonTheBank Thank you

  • @ChintanCG
    @ChintanCG Год назад

    You can include the money you make from bank bonuses in the business income ?😆

    • @RunonTheBank
      @RunonTheBank  Год назад

      I tend to include money i make from referrals. I think that falls under money you have "reasonable" access to. As is the rule with credit cards

  • @evangibson8020
    @evangibson8020 Год назад +1

    Based RJ

  • @mitchell.9632
    @mitchell.9632 Год назад

    You mean business with yet another bonus [satire].

  • @leprechaun4gold221
    @leprechaun4gold221 Год назад

    You sniff these out like a beagles, but I'm afraid my business isn't legal. Me pot is filling up now that I'm off the needle!

    • @RunonTheBank
      @RunonTheBank  Год назад

      Lol. I never ask where they money comes from

  • @125henni
    @125henni Год назад

    My boY RJ