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Comment by lykron | Hacker News Reader

American Express gives out credit cards like candy. We make 600/month and Amex have us 40k in credit. It’s aslo cheaper than their offering.

It looks like an interesting product, but I’m surprised that Chase or Amex hasn’t attacked the market segment.

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Amex giveth, Amex taketh. They'll take their /your umbrella as soon as rain starts.

Care to elaborate on this?

You have $10k limit and only $4k used. In the back of your mind you have a $6k runaway. In reality as soon as Amex feel over exposed your credit limit will cut to your current use, $4k.

I have 7k a month pretax, with excellent credit and only have 9k limit on amex. 13k on my visa. When I request increases, I only get 500-1k increases.

You might need a fancier card with a yearly fee - the chase sapphire reserve would probably give you $30k and the Amex platinum would give you something similar.

Businesses tend to get better terms than individuals

I'm at just under 100k/year, with both a discover and Visa at 25k limits, and a MasterCard at 5k. Not quite sure how it happened. Like you I also don't carry a balance.

Those cards might be tied to your personal credit/guarantee. Worth looking into.

They are. Small Business Cards are always are. It's not tied to my credit report, but my report was pulled as part of the process.

That seems to be one of the points of differentiation then.

It says right on the landing page "no personal guarantee": https://brex.com/

That sounds pretty compelling to me to be honest. Creating a business entity to limit your liabilities only to then put your personal credit history on the line for business spending seems pretty dumb now that I think about it.

If it's not tied to personal credit, that might also mean it'd be easier for international founders who don't have a credit history in the US.

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