Blue for Business without a Business

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3 posts
luvbullmarkets
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Blue for Business without a Business

Postby luvbullmarkets » Wed Nov 11, 2015 1:27 pm

Hello Everyone,

I was considering applying for Amex Blue for Business. The card earns MR points with no annual fee.
-30% annual MR bonus
-10K MR points after first purchase
-10K MR points after spending $5K during first 6 months of Card Membership
-0% intro APR for 9 months.

The one catch is I am not a business owner / sole proprietor. Will Amex underwriting actually investigate an existence of my business? Or could I just use my SSN in lieu of Tax ID? I know individuals can apply for Chase Ink with just and SS#.

Appreciate your thoughts and suggestions.
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Tubpbs
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Joined: Mon Oct 19, 2015 2:08 pm

Re: Blue for Business without a Business

Postby Tubpbs » Wed Nov 11, 2015 2:12 pm

You can apply and if you qualify will likely be approved regardless of whether or not you have a business.

Whether or not they will close the account or take AA down the line, no one could know... I would say that if they do get wise to it, they will not be happy about the MR earning done on the business card for a business that doesn't exist.

I would say though that your initial assumption that they won't know is the most likely outcome, but, if they do, they probably won't like it.

Do you do anything that could be construed as "business" stuff or sole proprietor stuff?
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kdm31091
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Re: Blue for Business without a Business

Postby kdm31091 » Wed Nov 11, 2015 6:47 pm

luvbullmarkets wrote:Hello Everyone,

I was considering applying for Amex Blue for Business. The card earns MR points with no annual fee.
-30% annual MR bonus
-10K MR points after first purchase
-10K MR points after spending $5K during first 6 months of Card Membership
-0% intro APR for 9 months.

The one catch is I am not a business owner / sole proprietor. Will Amex underwriting actually investigate an existence of my business? Or could I just use my SSN in lieu of Tax ID? I know individuals can apply for Chase Ink with just and SS#.

Appreciate your thoughts and suggestions.


Just because people do it with the Ink cards doesn't mean it's not a stupid (IMO) idea.

The bottom line is the cards are designed for business use. We can debate all day about "but I sell stuff on ebay once a year! Doesn't that count?" but at the end of the day most people know in their heart of hearts whether they should qualify. If you want to risk the account facing AA/closure when/if Amex finds out that you really don't own a business, then have it. To me, it wouldn't be worth the risk. The same goes for the Ink cards. People get them without legit businesses, but that doesn't mean Chase will not shut them down sooner or later. The point is most loopholes in the credit world are eventually discovered and closed.

Now, if you have a reliable source of income that you generate through your own business, even if it is just selling on ebay but you do it faithfully (not just occasionally), then it's legitimate. But plenty of people who you hear of having those Ink/business cards are merely cheating the system.



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