Chase business credit card reddit If you properly manage your credit lines to have 10k free between 50% of your income and your current Chase credit lines (business and personal) you may never need to recon. Current Chase Cards: Freedom Unlimited (10/6/2020); Sapphire Preferred (opened 2/20/22); Ink Business Cash (10/19/2022); Freedom Flex (12/8/22) Applied today 2/23/23 and was denied for having too may applications in 12 months and too many recent applications. ) Anecdotal reports indicate that Chase has tightened up on approving applications for INK business cards, especially since last month (October 2024). My last Ink app was last February. Consider applying for personal business credit cards as a sole proprietor. You can check your credit score for free on WalletHub. com", I know some threads and posts will pop up… To add on what others have said, applying for a Chase business card requires you to be under 5/24, but the card, once approved, doesn’t count toward your 5/24 status Reply reply Top 1% Rank by size If you have both a Chase business and a Chase personal card and only one is showing up in Personal Capital, you need to link them. Here's the flyertalk discussion about this. You need to be under 5/24 when signing up, but after that they don’t count against it. Our American Express card has a $250 annual fee. It applies to all of your Chase cards combined (personal + business), but in general Chase is much stingier with business card limits than personal card limits these days. Then refresh the Chase connection on Personal Capital. As you are 4/24 you could apply for a Chase personal credit card and two Chase business credit cards. Application will always result in a hard pull, usually with Experian and maybe a second bureaus as well. ) I have the following Chase Business cards. Chase Business recon line is 1-800-453-9719 The Chase Ink is a personally secured business card. Some business credit cards do report on your personal credit report. " Some background of me to help: I am a chase customer since 2018 Current cards: - CFU $15,300 Limit, Oct 2019 - CSP $17,300 Limit, March 2023 Chase is IMHO approving SPs with good business credit, a prior banking and/or investment relationship, and a prior credit relationship. It has 5X categories, a high spending limit, and you can get multiple Ink Cash cards through multiple businesses. About $1,000,000+ annual spend and they’ll want to see your books for that sorta stuff to go away. So if anyone has a similar case not to fear it will go to ur business address !!! Thanks to everyone who helped! Good SUB for Chase business cards. I’m wondering if for the sole purpose of the welcome offer if the business preferred is the route to go as I would get 100,000 chase points instead of 75,000 with the business unlimited - if I can hit the spending requirement of 8,000 in 3 months. Downgraded to Chase Ink Cash in Feb'22 Chase Ink Cash - Recd as product change card from the CIP above in Feb'22, so less than 12 months after product change. Definitely worth giving a call. We use two business credit cards, Chase Ink for our everyday purchases and American Express (Gold) charge card for our shipping charges. Use most of the point for travel, hotels, and rental cars. Oct 25, 2024 · It is hard to get a Chase business credit card because you need a good or excellent credit score of 700 or higher to qualify. 5% rebate but we have a high credit limit on this card, so we use it for that reason. Chase also issues co-branded business cards for United Airlines (2 different biz cards), Southwest Airlines (2 different biz cards), Hyatt and IHG. It only offers a 1. Through my research online on applying for a business account I realize it is very hit or miss whether your business will be accepted. com" or "site:myfico. SUB recd in Aug'22. Amex gold, chase business ink, southwest business card (enough to get the companion pass). due to macro factors, etc. They do have insane limits though. It is good for paying internet/cable and phone bills (5x UR), also get giftcards from office depot (also 5x UR). I had a big expense the first month so I had to credit cycle (charge 3k, pay it off, then charge it again). . I'd offer doing a web search for your code with a "site:reddit. Hit the SUB within the month 2. SUB recd in Mar'20. Our monthly spend is north of that a bit. e. Link Your Chase Business and Personal Accounts | Helpful Tips | Chase. A subreddit for discussing credit cards. Chase Ink Unlimited - Applied and recd in June'22. So you could have 4 personal cards and 3 business cards and still have one open 5/24 slot. Was told I was approved! And that indeed all mailing material will go to my business address and not my personal address. After signing in, choose the "Profile & Settings" menu in the top right corner. Edit: Forgot Amex business plat for travel. My guess is that there was some abuse taking place and it was an adjustment by Chase. After closing out the application screen tab, I received this email: "We'll review your Chase Ink Business Unlimited credit card application and be in touch soon. Chase Freedom Flex (5% rotating categories and cell phone protection benefit when you pay your cell phone bill with the card) Chase Freedom Unlimited (3% on dinning, 1. I’m looking to apply online first. So instead of getting 5 personal Chase cards, you can get 8-9 in the first two years. This means you actually need to be under 5/24 to be approved . The Chase Ink card has no annual fee. It depends on the card issuer. You are no more or less likely to face audit for simply having the account. Does amex do a soft pull for business cards as well (if I'm only currently a personal customer)? Put all of my spend on the card (~90% utilization), let the utilization report (won’t affect credit score since it’s a business card), and pay off the statement balance in full. I've posted here recently about Chase's new credit scoring model for businesses (based on FICO Bankcard 2) and, from direct discussions with Chase business credit underwriters. Not sure if this was a follow-up to approving my new business cards or just a broader adjustment (i. Unfortunately no mention of APR, or SL, but i'm excited for my first Ink card! Nov 21, 2024 · All Chase INK products are business cards. In order to be approved for any Chase card subject to 5/24, you cannot have opened five or more personal credit cards across all banks in the last 24 months (more on business cards in a moment). Your new credit card is approved" "Your new Chase Ink Business Unlimited credit card (xxxx) and welcome kit are on the way and should arrive in 3 to 5 business days". They do require that you are under 5/24 to be approved, except for the Marriott Business. Chase would follow up with some credit limit reductions across my personal cards. I think the Ink business cash is one of the best (if not the best) Chase business card out there. Having and using a business credit card has no bearing whatsoever on your tax liability or filing requirements. Ink Cash is arguably the best Chase card of all. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. com. Hi, I'm at 4/24, and I'm gearing up to apply for my next card. UPDATE: Called business ink credit card customer service number. The kicker is that that don’t count against your 5/24. Why Chase Business cards? They don't add to 5/24. You could get either CSF/CSR or Chase Ink Preferred Business (CIPB) credit cards for your travel transfer credit card and then CICB and CIUB Hi, I’m looking to apply for a chase checking account to help my odds of getting the Chase ink card and all the other business cards down the road. If it's not there, Chase will want to "chat with you in person" about your business. You can always reallocate credit limits within your business cards. All business cards will require a personal guarantee until you get to the corporate card level. Chase business trifecta. I want my next two cards to be business cards but I'm wondering if I should do Amex or chase first. My last card was the amex platinum and chase ink unlimited on the same day (12/20/21). Chase Ink Preferred - Applied & recd in Jan'20. 5% on everything else) Amazon Prime Rewards (5% at Amazon/Whole Foods, but no 0% intro APR offer, also easier to qualify for than "core" Chase credit cards) The best business credit cards offer initial bonuses worth $1,000+, ongoing rewards equal to 5% back or more in some cases, free employee cards and other helpful perks. Nov 21, 2024 · (Update 11/21/24: Here’s a link to another take on this from a Reddit poster. You also need to meet other requirements, such as having a stable income, being at least 18 years of age, and having an SSN or ITIN. Anyone can apply for a business card as a sole proprietor. If you have a legitimate business using a card dedicated for business spending can make filing taxes easier, as all you're deductible transactions are in one Chase took time to reallocate credit from other business cards to my new business card, all before letting me know that I was approved. The two current UR business cards have benefits and categories not found on any other Chase UR cards. If you’re interested in travel points, go with a business credit card affiliated with your favorite hotel chain or airline if you always use the same one. With no annual fee and you can potentially get more out of the UR points with other Chase cards (CSR/CSP/CIP), I think it's a no brainer. OP, use the card for 6 months and then apply for another. flrk tsjdgh xutsda qhvp mbqgyqf mrwme umuqyd mpimeu onbfg fzr