Originally Posted by
amindu
Hello - I have a ink Unlimited card that i have had since 2018 (use it constantly), have not applied for any others but want to start doing so (from everything i have read safe bet is to apply every 6 months and you can open 2 of the same cards?). Should i leave this card open before applying for a 2nd one or close it?
.
"Constantly" indicates regular use of the card -- which Chase will likely look upon favorably -- but doesn't indicate how much you are spending on the card, and how that relates to your existing credit line. If you use it daily to buy a coffee but have a $30,000 credit line that goes largely untouched, that may not be appealing to Chase.
Originally Posted by
Boraxo
Hard to say. I don’t think closing a biz card will hurt your score as it doesn’t affect your personal score (and that is the report that is pulled). In fact some data point suggest closing helps because Chase looks at your overall biz credit line when deciding on new cards.
OTOH there are some data points that suggest Chase will reject if you have recently closed a biz account as they view that as churning. Also Chase has been cracking down on multiple Ink cards (though 2 is not typically viewed as excessive)
Considering the above maybe close the existing Ink a couple of months before opening a new one.
I don't wish to be argumentative, but I don't understand your recommendation based on the datapoints that you yourself cite -- can you elaborate on your logic? My thought would be to keep the existing card open when applying for a new one because (1) it looks less like potential churning and (2) as noted, two is not considered to be an excessive number of Ink cards from Chase. My advice might be different if the OP's spending in relation to their existing credit line is either extremely low or extremely high.
Edited to add:
amindu , have you checked your Chase account to see if you might already be pre-approved for another business card? There is some discussion of this upthread. Click on the "Business Credit Cards" (or similar wording) on the main menu after you have signed in.