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How soon after receiving the 60k bonus can I transfer my money back out of the Amex Biz checking account to the account I used to fund it with? I don’t like keeping track of money in different banks, and don’t want to forget about the $5k sitting in this account.

If I transfer all $5k back, will AMEX claw back my 60k MR points? What will happen to the account if the balance is $0?

Last edited 1 year ago by kayexalate

I’m looking for a DP for this as well. Have you heard any news?


I did just after completing the requirements. No issue so far and I’ve received the bonus.


Does the checking have to be linked to the Business Platinum account? It shows only .8 when I go to page to cash out points to checking account.


Thanks. I must have to reach out and connect them. Since it doesn’t show the Plat rate.


There is a risk for doing this. I just got hit with a FR and asked to submit a 4506-C form after submitting.
If I wouldve known, I would not have risked it.


Was this a new business? How was it structured? And what rev #s did you put down?


Sole prop. Used social.


Good datapoint to have that FR is possible. I applied with sole prop, EIN, and social. I also have existing business cards with Amex.


can i open one as a sole prop and a 2nd one under EIN?


I just got approved for the checking account. I only have Amex Marriott Bonvoy CC. Is that true that in order to transfer points to airlines partners I need an Amex CC that can transfer? Thanks

Sha singh

I second this question ??

David Kersten

I applied for my feline rescue business and was denied (though I have an Amex Business Cash Credit Card for the same business). The rejection stated this as the reason, “We are not currently offering accounts to companies within your industry.”
The industry I selected was Agriculture and Veterinary.

Joel Bell

I’ve made 12 card purchases as of over a week ago and my progress tracker still hasn’t registered. Do they wait until tbe end of the statement cycle?


Can anybody comment on the 10 transactions?
Can I just transfer myself (from another bank) 10 dollars 10 times to qualify?

Greg The Frequent Miler

Yes. Since there’s a requirement to deposit $5K, you can also do 10 $500 deposits to fulfil both requirements.


Can you make the 10 deposits all in a day, all from one external account? Or, do you need to spread them out?

Greg The Frequent Miler

Yes I’m sure you can. I made 2 to 3 every day until reaching 10 but I’m sure that 10 in one day would work too


Greg, did you receive the bonus through this method?


Just following up on Rachel’s comment, I was curious too 🙂

Greg The Frequent Miler



A chat agent confirmed a separate business entity with unique tax ID (EIN, TIN, SSC) would be eligible for the bonus even with my existing open Business Checking account which received a previous bonus.


I opened up their Kabbage account about 8 months ago for the bonus. Is this the same thing and thus I’d probably be denied for this?


Got it. 60k!!! Ten minutes. Easy


How soon can you close the account without getting the points clawed back?


There’s no fee to use the account, so you can just leave it alone and let it close naturally.


Piece of cake. I started the app a month or so ago. Baled out. So started the app again and Amex addressed me and stated do I wanted to finish? Sure. American Express is so far ahead of the rest including Chase. Love’em! No docs, no nothing just approved.


That be want not wanted




Not straw – Thanks


On the application under industry I was surprised to find brothel.I was temped.


I pcked another business but was denied. I opened a few checking accounts recently and suspect that was the reason for denial.
What do you put for a business if you just do ms?


My business is called ms 🙂

Larry K

It is requiring me to download “business filing documents” even though I’m applying as a sole proprietor. Anyone else figured out what to do?


I’m a sole proprietor and uploaded pdf of my driver’s license and was approved

Larry K



I took Johnny’s advice and uploaded my driver’s license as well. I then got a weird “need more info” and a number to call. I decided to wait a few days, but they called me. They had me verify my identity by taking pics of my license and a selfie. Then BOOM! Approved.