American Express Corporate Card Requirements

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beachboyee
 
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American Express Corporate Card Requirements

Postby beachboyee » Tue Mar 20, 2012 7:37 pm

I am a high risk as far as credit goes. I don't have anything outstanding and I keep current with my bills. I was asked recently by my company to fill out an application for a corporate Amex credit card. Wil I be denied?


JCarter
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Postby JCarter » Thu Mar 22, 2012 1:27 am

Is this a "Corporate" offering or "Business" offering?

If it is "Corporate" then you have multiple options, ranging from the firm just adding you as an authorized card holder, to making you responsible for paying bills directly (With corporate reimbursement). If it's the latter, you'll be checked to assure you are not a high risk, which you are, and AXP will deny direct issuance and require the firm to add you as an authorized card holder.

If this is "Business" then unless you're asked for permission to be added to the primary credit profile, requesting they take your credit into consideration when issuing a line of credit to whichever firm you work with. So there are no worries here, unless you're essentially co-signing for the firm.

Money card
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Postby Money card » Sat Mar 24, 2012 11:45 pm

Same thing as a company card. No you won't be denied because you are not signing for the card, the vice president, chairman, treasurer or president needs to be signing. You are just filling out most of the application with a corporate card and the company is responsible for the payments.

Does American express still do applications on paper for corporate cards? I remember when all credit card applications were on paper.

What level card will your company be having you get? Will the bill be sent to your office computer, the person who signed your application? Or does your office still have mail sent to them, will the bill come this way?


Cross Eyed Clam
 
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corporate amex denial

Postby Cross Eyed Clam » Sat Jul 21, 2012 11:27 am

Hi there,

This past week, two things happened, I settled a personal debt with Amex through ARSI and also was asked to apply for a corporate card through my company. Surprisingly (due note the sarcasm), I was denied by AMEX because my personal account had "derogatory information" on it. My question stems from the previous post.....is there a way for my company to add me?? I'm going to have to email our system administator, which will be somewhat embarassing, but the card is only for travel expenses (gas, flights, etc).

Any advice on how or what i should include to me email to the administrator???

thanks

SteveT
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Postby SteveT » Mon Jul 23, 2012 12:14 pm

Cross Eyed Clam wrote:Hi there,

This past week, two things happened, I settled a personal debt with Amex through ARSI and also was asked to apply for a corporate card through my company. Surprisingly (due note the sarcasm), I was denied by AMEX because my personal account had "derogatory information" on it. My question stems from the previous post.....is there a way for my company to add me?? I'm going to have to email our system administator, which will be somewhat embarassing, but the card is only for travel expenses (gas, flights, etc).

Any advice on how or what i should include to me email to the administrator???

thanks


Yes, If anyone is denied for a corporate card the company can Guarantee the account. The company has option like setting a limit, etc.

Contact your Company's Amex Acct Administrator for details

MemberSince99
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Postby MemberSince99 » Mon Jul 23, 2012 12:37 pm

It really seems to vary by what the company wants to do. The company I was working for last summer wanted the EMPLOYEE to assume all risk - they had corporate Amex but the way it worked was you applied and you took all responsibility for charges, whether they reimbursed you or not.

I was almost glad Amex declined me for the card (due to past CO with them) except for the embarassment it caused me. If it's set up like that you are on the hook for the charges whether the company ever pays you or not.

Just my opinion but I would rather see the company have cards and they pay for things that are work related expenses and it's their bill to pay and their liability.

The way it's going in corporate America pretty soon they'll have the employees personally responsible for everything they can get sued for while they have no liability at all. Nice racket if you can get it I guess.

But then I worked for a psycho company which is why I'm not longer there and not all of them do that.

jeffysdad
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Postby jeffysdad » Mon Jul 23, 2012 1:13 pm

At a former job I got a corp. Amex (green) and was all excited until I found out that I would be the one paying and then filing for reimbursement. What's the point of having a corp. card then, I thought. I canceled it and just charged all my expenses on a personal card to get the cashback and filed an expense report as normal. Nobody seemed to care at the company how I did it.

Where I work now the company will issue a card but they'll pay the bill. However, the account still shows up on your credit report. I declined, again to use my own card and get the points. It's not a big deal for me to file for expenses because I hardly travel. For others, though, this would be a headache.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


MemberSince99
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Postby MemberSince99 » Mon Jul 23, 2012 1:29 pm

I see it as the company's way of shifting liability off themselves and onto you the employee for business expenses. I'm a programmer by trade and I used to say half-jokingly that with current trends it's only a matter of time before we are paying for our work computers and the software on them, and paying to "rent" our cube space and even for the electricity we use at work. There will be coin machines on the restroom stalls and parking meters in the lot. And it won't be the government collecting this money but the company.
And before you think that can never happen just remember what's happened in the last 10 years that we thought could never happen. Just saying.
Yeah if I'm going to have to potentially shoulder the liability then I want the rewards. That seems fair enough. But you know, we just shouldn't have to do that in the first place. But the only way it's going to change is if it becomes illegal AND is enforced. Even if Congress outlawed the practice today, how many people do you think would dare to complain about it? That's like painting "downsize me next" on your forehead. So, I look for this to become much more common with time. Maybe the only way out is to get declined by the CC Company, and if I'm the employee and Amex is the creditor, that's pretty much a given so I'm safe!

jeffysdad
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Postby jeffysdad » Mon Jul 23, 2012 1:59 pm

The last two places I've worked have had a very, very relaxed attitude toward expenses, so I've never really worried about being on the hook until my reimbursement. The worst expense-related thing that ever happened to me was the time I started a small fire inside the office copier while photocopying my receipts with the lid up (It really is damaging to the copier; who knew?). One of the receipt copies jammed in the machine. When the repairman pulled it out it looked like 100-year-old parchment. The worst part was that it was for a pretty ridiculous bar tab. I got teased a lot, but I got reimbursed and they didn't make me pay for the copier repair either.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

MemberSince99
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Postby MemberSince99 » Mon Jul 23, 2012 3:02 pm

They pay your bar tab? I've worked for plenty of places that no way would do that unless you were in sales, then the bigger the bar tab the better as long as you got the sale of course.

But I'm just a nerd (devleoper) and not in management anyway so it limits what expenses you would have.

Still that is very easy going!



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