I have one shot: Biz or Personal Plat?

[Deskorpio]

I applied and got granted Westpac card 3 months ago. Now had my eyes on Amex card. As I only have one shot (I believe), Which on will I be more likely approved for?
Business Plat Charge: 350k MR signup points and lounge access
Personal Plat Charge: up to 275k MR signup points and lounge access, travel credits, dining credits etc

Director of new PTY LTD , registered for GST, turnover>75k. Personal income 73k/yr as employee from another organisation. Married, partner earns good income. Excellent credit rating. No mortgage repayments, although mortg account still open with 250k avail for redraw , no other debts, living expenses on the lower side. Will only have 1 Cc with 6k limit.

Apart from the 350k points, I cant see the benefit of having Biz Plat over personal? If i use my personal Amex solely for business purpose, I will technically still be able to claim the fees thru business. However I heard that it’s easier to get approved for Biz than personal Amex. Anyone had experienced this here?

Thank you!

 

[elanshin]

Definitely easier for approval as business. They barely looked at anything nor asked for anything. Meanwhile banks for business need multi year history.

 

[Cynicor]

They don’t need anything for personal either. Amex just a bit random with approvals.

 

[Deskorpio]

Thank you @elanshin and @Cynicor .

 

[KingHuang]

I applied and got granted Westpac card 3 months ago. Now had my eyes on Amex card. As I only have one shot (I believe), Which on will I be more likely approved for?
Business Plat Charge: 350k MR signup points and lounge access
Personal Plat Charge: up to 275k MR signup points and lounge access, travel credits, dining credits etc

Director of new PTY LTD , registered for GST, turnover>75k. Personal income 73k/yr as employee from another organisation. Married, partner earns good income. Excellent credit rating. No mortgage repayments, although mortg account still open with 250k avail for redraw , no other debts, living expenses on the lower side. Will only have 1 Cc with 6k limit.

Apart from the 350k points, I cant see the benefit of having Biz Plat over personal? If i use my personal Amex solely for business purpose, I will technically still be able to claim the fees thru business. However I heard that it’s easier to get approved for Biz than personal Amex. Anyone had experienced this here?

Thank you!

sorry off topic a bit, was your westpac a business credit card? how did you end up going with Amex, which one did you go for?

 

[Deskorpio]

sorry off topic a bit, was your westpac a business credit card? how did you end up going with Amex, which one did you go for?

Just personal Westpac credit card. I got rejected for Amex Personal Platinum Charge , then straightaway applied for Business Plat Charge and got granted.

 

[mini2]

Did Amex biz asked for any proof of income and the likes? Thanks.

 

[Deskorpio]

Did Amex biz asked for any proof of income and the likes? Thanks.

Not in my case but they do check ASIC records to confirm company structure and that you are the director (we have PTY LTD). Also need to be registered for GST

 

[mini2]

Data point: I applied on Wednesday and received an email/text this arvo confirming that my application had been approved.

 

[Flyerwin]

Interestingly I have a personal Amex but a lot of people also get a business one - is there a reason to get both?

 

[Deskorpio]

Interestingly I have a personal Amex but a lot of people also get a business one - is there a reason to get both?

I only applied for Biz Plat because of the amount of bonus points offered back then and also coz I got rejected for Personal one. I think personal platinum card has better value.

 

[Flyerwin]

I think personal platinum card has better value.

Thanks. Interesting.