starbuk

Yes, I have both for same SSN/business. Just say you want ability to revolve balances and separate spending. They may push back about why you need so much credit and you will have to have a good answer, but that is not related to have two cards it is related to having too much credit relative to your use.

SquarePeg

I'm wanting to apply for the SW biz and personal cards at the same time. I know I have CL available on the personal side as I canceled 2 cards about 6 months ago. My biz CL is 18K so probably some room there... some questions:

Anything I should know about getting approved for a 2nd biz card from Chase if I have a 0 revenue sole proprietorship? Got the Ink+ in late May. Not instant approval but did not have to call in to reconsideration either, I just waited them out (app date 5/7, approval date 5/21). Been using the Ink steadily for both bonus and non bonus charges and I don't MS.

Will 2 apps count as 1 hard pull or 2 if done same day? Is it necessary to use the 2BM? Any particular order I should apply in? Or, if no advantage to applying at the same time, is it better to wait to ensure I am approved for the biz then apply for the personal? I want both or none as I don't want to waste the personal card bonus during a year when I won't be able to get the companion pass (which I can't do unless I also get the biz card bonus).

Any insights are appreciated, thanks!

starbuk

I have not applied for 2 cards in the same day but as for having 2 business cards, just give them a good reason to have the cards.. split spending, better bonuses on categories you need on new card, want more credit for better flexibility, or you want to be able to expand business, etc. I have 3 Chase biz cards for a business that brings in 2k a year, so the revenue doesn't matter that much. If it was me I would apply for the business one first, since that approval is more difficult, then apply a couple days later for the other Chase card. Either way, they will see that they previously extended you credit.. not like applying in 2 weeks is going to make a difference. They have said to me - we have extended you a lot of credit in the past year, you need to reallocate CL - or something along those lines.

Brugge

You answered your own question. If you don't want the personal if you can't get the business, obviously apply for the business first, and then only apply for the personal after you get approved for the business.

And unless you have a ton of flying with a companion coming up soon, best to not finish the spending on either card until after the first of the year. That way the CP will be good for both 2015 and 2016. If you finish the spending this year, you will only get the CP for 2015.

Brugge

I've been reading this thread for forever, but I don't recall any data points on the new Chase policy. Possibly just because it's too early to have any. But does anyone have any data points on how long, if at all, to wait after canceling a Chase card before reapplying for the same card? My CSP bonus 2 year Anniversary is coming up, and I'd really like to get a new one instead of paying the fee without a bonus. But I do use my CSP a lot, and don't want to be without one longer than necessary. TIA

pstravels

has anyone been banned for too much credit. I have amid 700 score. Opened a dozen new cards in last 6 months. 3 with chase!

I plan to tone it down. I am scared though. Should I call chase and ask to lower my credit limits? They account for nearly 40% of my aggregate credit limit.

RNE

Don't call any bank! Keep your head down, curb your applying and maintain a modicum of normal spending on all your new cards.

nall

Does having a Sapphire Preferred prevent you from getting a signup bonus on the standard Sapphire card?

aradisc

Agreed. Cool the apps and garden your cards. Don't worry about the limits. What would get you into trouble is excessive MS bonus categories (like maxing Ink) or messing with checking signup bonuses.

Spend on the cards, but not excessively, and don't go through the CL several times per month and you will be well on your way to a good long term relationship.

Brugge

My advice is somewhat different. If you have a large CL with Chase over several ccs, I'd say SM Chase and ask for any large CLs to be reduced.

I had a rough Recon call with Chase, where the CSR finally said he had to get additional approval from a supervisor since I had "such a high CL" with Chase already. I got the message and SMed Chase to reduce some of my very high CLs. After I did that I started getting instant approvals again.

Brugge

Bueller?... Anyone?

SquarePeg

Well, there are a lot of questions out there as the new language on many of the Chase apps seems to indicate 24 months from the last bonus received but doesn't mention how long the card would need to have been closed. My understanding is that it was previously understood to be 18-24 months after cancellation... I have not seen any recent posts about anyone getting a 2nd bonus from Chase under the new "policy". It may be too soon to find any data points.

michael_v

Data point here:
http://www.flyertalk.com/forum/23656426-post3315.html

Ignore the references to the business card, that was in response to those people who listen to clueless CSRs.

I got the bonus again after more than 24 months after receiving the previous one and I closed the old card just a few months before applying for the new card. HTH

YoungBubbie

Closed the mileage plus when annual fee came due. First year I had gotten a statement credit this year nothing. I can't remember exactly but I opened the new one less than 6 months later and received the bonus.

Brugge

("Darn") I was afraid of that. I have a bunch of Chase cards approaching the 2 year point since the bonus posted. Some like the Marriott are not worth spending on, and now that my go to category 4 locations have become cat 6, the free night certificate is nearly useless too. So I don't want to pay the AF, but getting 70K points and no fee the first year would be nice.