I’ve increasingly seen datapoints of readers being unable to apply for American Express business cards for the following reason:
Your Annual Business Revenue must contain at least four (4) digits
The first mention I can find of this is on /r/churning back on January 20th, 2018. Some people state that field is really your ‘projected business revenue’ so you should be able to put in $1,000 even if your business isn’t currently making that much. I don’t see anywhere on that page on in any American Express business documents where it says this is projected and not actual revenue. I suspected if they have added this requirement, it’s something that RAT plans to enforce in the future as well.
Whoever came up with this idea needs a triple promotion. Perhaps the most groundbreaking idea since the printing press.
Has anything changed in regards to the $1,000 Business Revenue Minimum requirement?
FWIW, I just called in to apply given the positive datapoint below. When the agent input revenue of less than $1,000, the agent got an error akin to what the website does now. So that requirement appears to apply on both the website and the phone at this point. The agent with whom I spoke also asked me for project revenue, not TTM revenue. The website doesn’t make that distinction clear, but the agent was clear on that with me during the call.
Going to say, I sell at least that much stuff yearly. I submit for business cards as a sole proprietor. All above board. I think the bigger point is what is this signaling? Why add a category like this and require it if you didn’t plan to do something with it? Could be in the future, Biz Plat card holders will be expected to claim $50k etc,,, RAT will potentially look into that when it suspects abuse. It makes perfect sense Amex doesn’t want 21 year old churners mixed in with their higher end customer base.
My business churns bank bonuses and occasionally sells things online. I just count my side income doing that, not hard to honestly claim over 4 figures.
If you ever sold anything on eBay Amazon. you have a business.
I see a lot of remarks of regarding not actually having a business. To that I say: start a business! My main profession is a professor of IT. I also have a small business where I provide IT services. Others that I know have side hustles of consulting, snow removal, lawn services, painting, etc. Always good to have a side hustle to earmark as “fun” money, or increase your savings cushion.
can definitely confirm that $0 worked over the phone. Just applied for business plus and got approved with pending for a day
This is what I experienced on my SPG Business AMEX on 1/18. Went with 1000 and got approved instantly. But they ended up taking away from my personal SPG AX credit line, and moved it to the Business one without asking.
0.0001 is four digits too
Happened to me as well. Tried all sorts of combinations but you HAVE to give a min of 1000 bucks AFAIK.