- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
From what I understand, it really depends. Last I knew there were two kinds of corporate card you could get. One has the company guaranteeing to pay and the other is on YOU to pay (the company reimburses you but you pay it). If the company pays and guarantees it, it probably won't much matter what your credit is like as long as you haven't burned Amex in the past. If the burden is on you to pay, then they do care about your credit and poor credit may well be denied.
If you've burned Amex in the past, they know that too and will deny you for that. I worked for a large company last year that asked me to app for the corporate Amex. I applied, and it was denied, not due to credit but due to the charge offs from years ago. Oddly enough less than a year later they approved me for 3 personal cards, then shortly after blacklisted me again. It was a fun ride. Anyway, it's hard to say for sure without knowing the details. But your credit likely will matter and if it's poor I would not be too surprised if they decline. I've always thought these things are a crock anyway, because YOU are still on the hook for the card not the company BUT you reap no benefit of having it report favorably - it will only report if you don't pay as a collection against you (and whatever else happens). In other words, heads the company wins, tails you lose. Inside I was honestly glad to be declined, but at the same time I worried it might cost me my job too. On that same vein, eventually the beancounters at American corporations are going to get the bright idea that we workers should be "renting" the resources we use to do our jobs, and will start charging us for our PCs, for our cube space, for electricity and so on (all the while claiming these expenses on their taxes of course but not stating what they charged us...) but that's a WHOLE different story! I'm just surprised they aren't already doing it, after all, what would anyone DARE to do about it? We all sit back and take it like the sheep we are when they screw us in every other way (like 30 hours of unpaid overtime one week and getting docked for a doctor appt the next) so what would really happen...nothing.
Now on to how long it will take you to rebuild your credit. Again it depends on where you are. As a rule it takes years. Bad things fall off your report after 7 years. You may be able to get them removed sooner with diligent hard work and perhaps money from you. Amex will not want to see BK on your report they are NOT known for being BK friendly at all. They won't like baddies but may accept a couple. It just depends on your report and what kind of card and we don't know either so all we can tell you is some general stuff.
Good luck with it though.