Chase business credit card reddit You have a 3 year old business that generates $2700 per year, probably no business deposit relationship to speak of, and another Chase business card. I had to go to a chase branch to get my business card, because they want so much proof of documentation. 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. So I decided to apply for the Chase Business Unlimited just for the 90k SUB. Request: Any data points with $0 revenue and 0 years in business getting approved? If so, which card(s)? I’m looking to apply for the Wyndham Earner Business card specifically. That said, don’t buy crypto, porn, or cannabis-related things with it. " 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 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. I had my Wife send me a referral (she gets 40k in points). 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. You need to be under 5/24 when signing up, but after that they don’t count against it. My current cards 5% cash back on The “business” part refers to the fact that it is a credit card specifically for businesses, and you must be a business to apply for and receive it. On Amazon's credit cards page, there's 3 cards that offer 5% cashback (all requiring Prime for 5%, otherwise 3%): Amazon Prime Rewards Visa Signature Card by Chase. Then refresh the Chase connection on Personal Capital. “But SimplyX69, I see people talking about getting it all the time!” This is because banks are not strict about what qualifies as a business. com" or "site:myfico. 8/30 - Called the business application status line (1-800-453-9719 for anyone that needs it, it’s different than the personal), got the automated ‘you will be notified in 2 weeks’ message, which I’ve read is pretty much a accepted but they A subreddit for discussing credit cards. However Chase Ink is pretty low tier in terms of business credit cards (nothing wrong though, building credit is still good). 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. It only offers a 1. DoC doesn't look to have a list (or maybe I'm typing the wrong item into search). com 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. My question is because of how 1. Which Ink card would suit me? My main purchases would be camera gear, purchasing or even renting said gear. The card only has an $89 AF and comes with global pass credit. Was told I was approved! And that indeed all mailing material will go to my business address and not my personal address. Listed $0 business income lol (which is the truth). 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) A subreddit for discussing credit cards. Any recommendations on the best credit cards for a small but growing professional services business? Monthly billed expenses approx. But Chase will deny you for an Ink if you’re at 5/24 or above. Trying to find one maybe with cash back or good points for this lower spending bracket. My business was just approved for Chase Ink Business Unlimited Credit Card, and I would like to share data points in case someone is thinking of applying. ”According to various data points, some Chase customers are seeing business credit card offers, denoted with a black star, when they check for “Just for you” offers. This includes gig workers, for example. My guess is that there was some abuse taking place and it was an adjustment by Chase. The bar is set low for Chase business cards. 5% on purchases over $5k, with a yearly fee of $195. The kicker is that that don’t count against your 5/24. TL;DR - Applied for SW biz credit card. 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 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). Chase Ink card allow a 12 month interest free CC: SO currently have balance CIC - $4k, CL=$10k CIU - $4k, CL=$10k Since these card are interest free for 12 months not sure how a balance on INK biz card impacts the application process for additional business cards? As I understand, Inks dont count towards 5/24 since theyre business cards and Chase doesnt report business cards to personal credit reports. It's been open 3 years or so now, they've upgraded my limit to $2000. My question is has anyone really just treated their business card like a personal card and used it for groceries, gas, dining and all the usual personal spend without any repercussions from Chase? I’d estimate 1,000 of the 7,500 dollars of spend might actually be able to be classified as business spend if that. Thought I'd give back by sharing a data point on instant approval for the Chase business unlimited card. The first step for me is finding a credit card to use, however, when I try and look up the benefits/drawbacks of cards they all look extremely similar. Not sure if this was a follow-up to approving my new business cards or just a broader adjustment (i. (Already had the Ink Preferred and Cash) It took over a week and multiple phone calls from me and from Chase to finally get the thing approved. Apply for the first card: Submit your application for the first card and wait for a decision. If you have a "business" credit card and it says your company name AND your name it's not a business card that reports. Chase Business recon line is 1-800-453-9719 The Chase Ink is a personally secured business card. In 2021 and 2022 I filed as a sole proprietorship with the IRS, so in case anyone actually looked, I legitimately can claim I was a business. I'm looking to apply for the Chase Ink Business Cash card soon, and I heard that there's a hard 1 card per 30 day rule for business cards. This could change in the future, but currently they’re just happy with you swiping their card. Through my research online on applying for a business account I realize it is very hit or miss whether your business will be accepted. Here's the flyertalk discussion about this. I opened 6 personal credit cards within the last 24 months. SUB recd in Aug'22. We use two business credit cards, Chase Ink for our everyday purchases and American Express (Gold) charge card for our shipping charges. I want my next two cards to be business cards but I'm wondering if I should do Amex or chase first. I’ve been putting everything on my personal credit card for the points. I have multiple Chase Ink cards most taken for the SUB. github. I am nearly done with their SUB requirement and want to apply for another Chase business credit card for United. Chase Ink Business Cash or Ink Business Preferred would be the secondary card for phone, internet and rental car costs. Jul 15, 2024 · While Chase offers a robust portfolio of consumer credit cards, the issuer also has a suite of business cards tailored to different companies and expenses. Then I remembered that business cards don't show up on your personal credit and would allow for me to continue gardening for the VX while still working on a SUB. e. 5% back earned the card to my personal Sapphire and use it as points; similar to how you do with the Freedom Unlimited to the Sapphire. 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 Consider applying for personal business credit cards as a sole proprietor. ) Anecdotal reports indicate that Chase has tightened up on approving applications for INK business cards, especially since last month (October 2024). Overall, for personal credit cards, I am 3/24. I decided to call the application status number and the automated system said 2 weeks. Chase Ink Pref - 12/1/2023 Approved Chase Ink Business Cash - 1/8/2024 Approved I am nearly done with both of their SUB requirement and I want to apply for another Chase business credit card for United. Nov 21, 2024 · (Update 11/21/24: Here’s a link to another take on this from a Reddit poster. Also expenses like gas, food, and maybe even a hotel if needed for bussiness work. Then, in a month or two for the Southwest Business card via chase. OP, use the card for 6 months and then apply for another. Got a Chase Ink Preferred in mid-December. It will still do a hard pull though. We'll review your Chase Ink Business Preferred® credit card application and be in touch soon. Was told to call Chase. com", I know some threads and posts will pop up… A subreddit for discussing credit cards. Chase Business switched a new credit scoring model in March (I linked to it then) and their basis is FICO Bankcard Score 2 for their Business credit applications, which has nothing to do with how Chase scores personal credit applications (I bank with Chase Business, and hold multiple Ink cards as well - I actually reviewed my Chase Business They are offering a sub of 125,000 points and a free night certificate for $3,000 spend within 3 months. I should easily justify the annual fee for the Chase card. Otherwise, you cannot. - Six Senses Hotels Resorts Spas - Regent Hotels & Resorts - InterContinental Hotels & Resorts - Kimpton Hotels & Restaurants - Vignette Collection - Hotel Indigo - Hualuxe Hotels & Resorts - Crowne Plaza Hotels & Resorts - Even Hotels - Voco Hotels - Holiday Inn - Holiday Inn Express - Avid Hotels - Atwell Suites - Staybridge Suites - Holiday Inn Club I've been considering a Chase business credit card for a while and this platform has been so helpful throughout the process. Wiki at: https://japanfinance. Chase Ink Unlimited - Applied and recd in June'22. 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. Some months I might spend $300 and others $20,000. Use most of the point for travel, hotels, and rental cars. Don't fall for the marketing end of credit cards. After applying online, I was told "Your Application is under review, we will inform you in writing". Chase credit card application says 'In Review' Help Needed A few days ago I applied for the Chase IHG premier card as I have a few larger purchases coming up so I wanted to hit the SUB and I also plan to travel quite a bit and thankfully most of my places have a IHG property near by. I think the Ink business cash is one of the best (if not the best) Chase business card out there. Answered questions. Pick the cards that maximize the value of your spending. My business goes through about $400,000 in expenses each year with several purchases being over $5k. My last Ink app was last February. new and 2. I just run a small business with low expenses (>$25k/yr would be on the card). Then on Tuesday application line said 7-10 days (still same status today). Hi, I'm at 4/24, and I'm gearing up to apply for my next card. I've had this card for nearly 10 years and was looking at the Chase Ink Business Premiere which is a 2% plus 2. If you're not instantly approved, you may need to call Chase's reconsideration You would be applying as a sole-prop using your name as the business and SSN. Furthermore, they treat personal and business credit limits as two separate entities- as business credit limits can reach upwards of 20-30k (base on revenue and age of said business). I was applying for a Southwest card online and unfortunately I didn't receive an instant approval. Our monthly spend is north of that a bit. Chase business trifecta. 5% cashback spread for all categories (while Ink Cash focuses heavily on certain expense categories) I got myself 4 Chase Ink Business Cash As Chase business cards gets harder to approve, I'd like to get as many data points as possible on what triggers denials/approvals for those who applied after April 18, 2020 so that we can all help out the credit card community and those who want to benefit from these cards: You can get a business credit card even as a sole proprietor with no business revenue yet. Application will always result in a hard pull, usually with Experian and maybe a second bureaus as well. 4 days ago · use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. 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. Amazon Business Prime by American Express I have been running a small business for a year now and decided this year to officially set up a better financial plan. Ah. I'd offer doing a web search for your code with a "site:reddit. Having only one personal card with a $200 means you're likely reporting high utilization each month you use it, which has been negatively affecting your credit score. There are better ones you can easily get approved for If you want to look into another great business credit card that I’ve been vouching for, it’s Divvy business credit card. Chase business credit cards won't show up in personal report (unless you default the card), so it won't affect your 5/24 status. 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. How much I spend fluctuates from month to month. Chase took time to reallocate credit from other business cards to my new business card, all before letting me know that I was approved. 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. Unfortunately no mention of APR, or SL, but i'm excited for my first Ink card! Jan 1, 2023 · All Chase INK products are business cards. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. 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". My last card was the amex platinum and chase ink unlimited on the same day (12/20/21). Whether you're looking to maximize your rewards, navigate travel perks, or get the most out of exclusive experiences, this subreddit is your go-to resource. The Chase ecosystem works for a lot of people, especially people who also bank with Chase, but it's not for everyone. Reply Today my Chase Business Relationship manager told me I could transfer the 2-2. It is the best credit card for expense cash back! If you don't own a business, then go for Chase Ink Unlimited since they have 1. This is my first card outside of a secured capital one card with a $200 limit. First, I was not even considering applying for this card because I'm over 5/24. I've heard 3k is the standard limit that Chase gives for applicants with no business credit history so not too surprised about that. If you've gotten any Chase card in the last 30 days. I bought a business from my employer about 6 months ago (worked there for 25 years). I'm currently under the 5 card rule for Chase (2 cards in the past few years), the CFU approved on 1/7/21, and the CSP approved on 3/29/21. down for too many applications. Chase also issues co-branded business cards for United Airlines (2 different biz cards), Southwest Airlines (2 different biz cards), Hyatt and IHG. com. I'm trying to figure out what the best card for Amazon is. This means you actually need to be under 5/24 to be approved . 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. frequent my Chase applications are, would applying for the Ink Business Cash/Unlimited come September be a poor choice? The CSR also typically requires a higher credit score and income level than the Chase Ink Business Unlimited, so it might be the harder of the two to get approved for. Edit: Forgot Amex business plat for travel. As you are 4/24 you could apply for a Chase personal credit card and two Chase business credit cards. Chase Ink Preferred - Applied & recd in Jan'20. Ink Cash is arguably the best Chase card of all. 5% rebate but we have a high credit limit on this card, so we use it for that reason. You can always reallocate credit limits within your business cards. Good SUB for Chase business cards. 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 UPDATE: Called business ink credit card customer service number. There is a 1/30 rule guideline (1 card every 30 days) for the business cards, so you want to wait until you're at least past that. I’m looking to apply online first. You are no more or less likely to face audit for simply having the account. I just got the new Ink Premier card in the mail yesterday. It is good for paying internet/cable and phone bills (5x UR), also get giftcards from office depot (also 5x UR). Amex gold, chase business ink, southwest business card (enough to get the companion pass). If you own a business, get the Chase Ink Business Cash. But realize it would make accounting easier if I got a business card. 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. You need a new personal card. I want to apply for more Ink's now considering the bonus and have the following questions : - Is there any impact of closing business cards? I assume no, but seek thoughts. Chase would follow up with some credit limit reductions across my personal cards. Definitely worth giving a call. CRedit's main goal is to improve your credit, keep it healthy, and support you in decisions that you make that may affect your credit livelihood. Doesn’t seem like the perks in the Plat justify the cost… don’t get me wrong, concierge service, lounges, gold status is awesome, but there’s The main draw of the Southwest card is to get the Southwest personal card + business card (typically in November/December), and the sign up bonus on both cards combined is usually enough points to get a companion pass which means someone can fly free with you on your flights for at least a year, almost two years if you time it right. You'll get a denial unless you haven't gotten ANY (personal or business) Chase cards in the last 30 days. Currently, chase doesn’t seem to care very much. . As the title states, I'm looking for recommendations for business cards while I will wait my Chase 5-24 status to open up • Current cards (open): **- [04/17] SYNC/PayPal $5400 [02/20] TDRCS/Samsung $2200 [05/21] SYNC/Venmo $6500 [07/21] Amazon Store Card $2200 [07/21] Chase Amazon Prime $6000 [08/21] BlockFi Visa $5000 I plan to apply to the CIC since i'm going to start a business soon and plan to use the card for the business related expenses. Unofficial, community ran subreddit to discuss Chase Bank, its affiliates, and subsidiaries Less than 7% of credit card companies report to the biz credit bureaus. Link Your Chase Business and Personal Accounts | Helpful Tips | Chase. Plan your budget. r/Amex is the place for American Express cardholders to connect, share tips, and discuss everything related to their premium card benefits. Only the Ink Premier earns strictly cash back, while the other 3 is cash back/UR points. Many others (including myself) are above the 50% income to credit limit ratio. I'm currently at 3/24: CSP/CFF - 03/23 PENFED Pathfinder - 04/23 800's Fico Scores, 92k income, oldest account 15+ years Ink cards tend to take longer. com Store Card by Synchrony. 4. Hit the SUB within the month 2. That next card approval will always get you more credit. I have the following Chase Business cards. ) Having and using a business credit card has no bearing whatsoever on your tax liability or filing requirements. SUB recd in Mar'20. We are here to support you if you need an advice on closing/opening a credit card, improving your credit scores, removing inaccurate information from your report, qualifying for a new card/mortgage Technically, while the wording on the card page does mention 24 months, in practice if Chase is willing to extend you more credit, you can keep getting sign up bonuses on the Ink cards even if you already have one or have gotten the bonus less than 24 months ago. My monthly spend would be $350($4100yr) with some rental car costs added in maybe an extra $1500 a year. The first credit card I received with no credit score/history was a secured card from capital one. Anyone can apply for a business card as a sole proprietor. So. A subreddit to discuss all things IHG. I want to get the Chase Business Ink Unlimited, but wondering how soon is too soon to apply? My credit score is 810. due to macro factors, etc. 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. Known as the Ink Business family, these credit cards earn either cash-back rewards or Chase Ultimate Rewards points. I have been banking with Chase for about 3 years now, starting with a checking account to now holding 4 of their credit cards (CFU, CFF, Prime Visa, and now the CIU). Does anybody have experience doing this? Also, how strict do you need to be on business purchases with the card? A subreddit for discussing credit cards. I mined for January and February before I sold my GPU's, and just reported $500 in business revenue. Card has not been added yet to my Chase app so I think I’ll be denied but we’ll see. Usually do not carry over monthly balance, so interest rate is less important. I’m a chase banking customer so they already have all my info on file. It has 5X categories, a high spending limit, and you can get multiple Ink Cash cards through multiple businesses. The Chase Ink card has no annual fee. So you could have 4 personal cards and 3 business cards and still have one open 5/24 slot. Our American Express card has a $250 annual fee. I had a big expense the first month so I had to credit cycle (charge 3k, pay it off, then charge it again). Tried to avoid calling, but mistakes were made and I ended up having to speak with biz verification rep. Chase is my favorite credit card issuer but has been the hardest to get approved for for me, I have the Csp, freedom flex, ink cash business and Hyatt business, they get easer to get once your in to the system. So if anyone has a similar case not to fear it will go to ur business address !!! Thanks to everyone who helped! If it's not there, Chase will want to "chat with you in person" about your business. Amazon. They are not obligated and it's expensive for them. We are here to support you if you need an advice on closing/opening a credit card, improving your credit scores, removing inaccurate information from your report, qualifying for a new card/mortgage My gf and I both make around 200k, but we don’t spend crazy, don’t have a business where we’re spending a boat load on credit, we don’t buy business class/first class when we fly. Then last Friday I called recon and they transferred me to fraud department to verify SSN. Btw, the 50% income to Chase credit limit is a soft rule. Business for 2 years Sole prop in my name Income at $40,000 Expenses at $2,000 Credit score is 733 A subreddit for discussing credit cards. A subreddit for discussing credit cards. Look at your bank statements and current credit card statements to find your natural spending categories. EDIT: Approved for Chase Ink Business Unlimited. After signing in, choose the "Profile & Settings" menu in the top right corner. I have no business cards at the moment. I'm on the search for a list of which Business Credit Cards report to personal credit reports (balances carried). 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. - I know CIP has a 24 month rule from the time we got the last SUB, is there a similar rule for CIU, CIC too? So my main business card is AMEX gold and im looking for a Chase card as my second business card. When you apply for a business credit card, you are allowed to list personal income in the income field, and you can use your own name as the business name if you are a sole proprietor. I was confused because I have excellent credit (830+/-) and a long standing with Chase and their credit cards. Personal Income 200k. No cashback or whatever, good experience but I haven't had much interaction. They are literally telling you this is insufficient to justify the issuance of another business credit card. 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. The application page said I'd get a decision letter in 7-10 business, however the confirmation email received while applying said in 30 days. Been thinking of getting a Chase Ink bussiness card for my photography side bussiness I'm thinking of starting. In last week of Jan 2023, I got Chase Ink Business Cash. Notably, these business credit card offers appear to be showing up only when users are logged in to their personal Chase accounts (not personal/business combined accounts)” If you care to read the full story behind this call, here's the link to my previous post. Approved with $50K limit, no inquiries against my credit on Transunion or Equifax. Business expenses can be literally anything and chase isn’t going to devote hours trying to tell business from personal. my cards: chase freedom, sapphire metal card, amazon visa card, AMEX gold, AMEX blue haven't signed up for a card in the past year, not sure if this info is important but just mentioning Thank you for your time and help. The business has 1 year worth of tax records but never taken credit cards out in the business name. 4th night is free when I use my points. $6k, with major costs include CRM, web hosting, some client travel, etc. I've looked at the following 3 resources, and while very similar, all 3 have differing information: Can i put personal expenses on it to meet the SUB Yes What are the implications None that are known, unless you have an actual business that you got the card for, and were to try writing off personal charges made on your card as business expenses on your taxes (which isn't a 'card implication', but would be a 'tax fraud implication' if you were to do so). vpjbrxu lbppnn spnaln vvm vpes oyfl hqormby btlci jxxie ftev