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Q: I started my business a little over a year ago and am now looking for a business credit card to help with our cash flow. What credit score do I need to quality for a Platinum Business Card from American Express?
A: A quick review of the benefits of all the business credit cards offered by American Express, including the Platinum Business Card all listed that “excellent” credit was necessary in order to qualify for these cards. “Execellent” credit is most often considered as a credit score that falls between 700 and 800.
It may be possible to get a Platinum Business Card or any other American Express business card with a credit score that falls below 700. The only way to be sure is to apply for the card. Even then, you may get the card, but you might not receive the best interest rates or the highest credit limit. Other fees may be higher, also.
If you are not sure what your credit score is, you can request a copy of your credit history from any or all of the three major credit reporting companies. These are TransUnion, Equifax, and Experian. You will not only learn what your credit score is but you can also examine your credit report to determine if there are any discrepancies or errors on it.
If there are, you can initiate the dispute process in regards to these. Once these issues have been settled, your credit score may improve.