A few questions have been raised about my DP so I'll repeat it here for context and provide additional detail below.
Originally Posted by
darthbimmer
I routinely put the same numbers in for biz card apps. Earlier this year Chase called me with questions about one. The agent wanted to know:
- What is this business?
- What experience do I have in this line of business?
- What level of credit charges do I anticipate making?
- Will my pursuit of this new business affect my current sources of income?
...All very fair question when you think about it. Especially the last one, as it's totally plausible that a person starting a new business may quit a job or cease doing some other activity that provides at least part of their stated income.
The verification phone call I described above was for a Chase UA biz card. I applied with my own name and SSN for the business. I have operated a few business efforts over the years (real estate rental and professional consulting) and have verified this is legitimate under the laws of my state and municipality. At the time I was at the planning stage for a new business effort so I entered zero/zero for revenues and employees. My online app went pending; an agent called a few days later with the questions described above. Following my answers she asked if I could hold for approval. I agreed, she put me on hold, and 2-3 minutes later she confirmed that I was approved for a new account.
BTW, I've applied for several business cards over the years, including at least 4 from Chase, and this has been the only time I was asked such questions.