Apr 29, 2020, 12:53 pm
Last edit by: mia
In April 2020 Chase criteria for approving BUSINESS card applications have become more stringent. All Chase INK products are business cards. Chase also issues co-branded business cards for United Airlines and Southwest Airlines.
Chase business cards are subject to the 5/24 restriction. Approval of a Chase business application has not increased the N/24 count, but there are a few reports in the 4th quarter of 2022 that this may have changed, review THIS thread. There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE
Anyone can apply for a business card as a sole proprietor. If your business has a registered company name, which Chase can verify, you may use the name to apply. Otherwise, use your legal First and Last name as the business name. Do not add any extra words, do not use a made up name. If Chase cannot verify the name the application will fail.
Useful Chase telephone numbers
(888) 269-8690 - Business Credit Card Application Status Line, automated
(800) 453-9719 – Business Credit Card Reconsideration Line with live rep
(800) 453-9719 – Credit Reallocation Office (Business cards)
(888) 622-7547 – Executive Offices
Twitter: @ChaseSupport
Note: In the past, automated telephone status reports stating that Chase would notify you in 2 weeks often resulted in an approval, whereas the "7-10 days" telephone recording often indicated imminent denial. In 2016, this pattern became increasingly unpredictable, with many applicants receiving approval despite an earlier "7-10 days" automated telephone message. As a result, automated telephone responses should not be regarded as reliable indicators of an application's likely outcome.
?? Chase business credit cards [must / may] use [the same / a different] user name [as / from] personal cards. The same [applies / does not apply] to the e-mail address used. ??
Chase business cards are subject to the 5/24 restriction. Approval of a Chase business application has not increased the N/24 count, but there are a few reports in the 4th quarter of 2022 that this may have changed, review THIS thread. There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE
Anyone can apply for a business card as a sole proprietor. If your business has a registered company name, which Chase can verify, you may use the name to apply. Otherwise, use your legal First and Last name as the business name. Do not add any extra words, do not use a made up name. If Chase cannot verify the name the application will fail.
Useful Chase telephone numbers
(888) 269-8690 - Business Credit Card Application Status Line, automated
(800) 453-9719 – Business Credit Card Reconsideration Line with live rep
(800) 453-9719 – Credit Reallocation Office (Business cards)
(888) 622-7547 – Executive Offices
Twitter: @ChaseSupport
Note: In the past, automated telephone status reports stating that Chase would notify you in 2 weeks often resulted in an approval, whereas the "7-10 days" telephone recording often indicated imminent denial. In 2016, this pattern became increasingly unpredictable, with many applicants receiving approval despite an earlier "7-10 days" automated telephone message. As a result, automated telephone responses should not be regarded as reliable indicators of an application's likely outcome.
?? Chase business credit cards [must / may] use [the same / a different] user name [as / from] personal cards. The same [applies / does not apply] to the e-mail address used. ??
Applying for Chase BUSINESS Cards (April 2020 - 2022)
Jan 20, 2022, 8:08 am
#496
Join Date: Sep 2011
Posts: 1,857
the other day i foolishly added proposed business name to application and it promptly got stuck - eventually i managed to get through to fraud folks who confirmed that with added business name there is no way to push this through without docs that link business name with address.. they indicated that applying just with my name would have avoided such issue and suggested reapplying...
do i need to wait to reapply or just do it right away even though the ill fated one is still stuck in the system? my last business app was in the fun days of this game 4-5 yrs ago an i am clearly not up to speed here..
do i need to wait to reapply or just do it right away even though the ill fated one is still stuck in the system? my last business app was in the fun days of this game 4-5 yrs ago an i am clearly not up to speed here..
Jan 20, 2022, 8:24 am
#497
Join Date: Aug 2006
Location: ATL, BHM, DUB, County Wexford
Programs: DL DM, AA ExPlt, Diamond HH, HY, BW, & Titanium Elite Marriott
Posts: 4,864
Well it got put into the pending file this weekend and still has not shown up in my business profile.
Jan 22, 2022, 9:38 am
#498
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,943
I am not mia but I will contribute my own personal theory, that I can only back up with vague anecdotal conjecture. I subscribe to the idea that Chase has a model for if they will approve or not, and then a model for total credit line once that decision has been made.
Before the pandemic, those models were very similar so far fewer people noticed the difference. Fundamentally, I suspect Chase considers total personal income (regardless of source) and FICO factors and how close you are to already being allocated your total allowed credit in the personal OR business bucket very highly. Based on those factors, there were separate credit line pools for personal vs. business, but both of those were high enough that we saw many more instant approvals.
As the pandemic changed risk profiles, Chase changed the calculations used to set the business bucket of credit line to be much smaller. So now, you have applicants who would have been instantly approved based on total income and FICO but who are suddenly already at the limit for total business credit. So you see more manual reviews, leading to the reviewer's discretion to, say, go over the business bucket limit by $5k to approve what would have otherwise been an instant approval if the credit limit guidance were higher.
(EDIT: I also suspect there was a temporary rule change to make it much more difficult for sole proprietor businesses to be approved, specifically based on business structure, from roughly April 2020-November 2021. There seems to be plenty of evidence to say that was a temporary change that has been taken out of the model at this point.)
Before the pandemic, those models were very similar so far fewer people noticed the difference. Fundamentally, I suspect Chase considers total personal income (regardless of source) and FICO factors and how close you are to already being allocated your total allowed credit in the personal OR business bucket very highly. Based on those factors, there were separate credit line pools for personal vs. business, but both of those were high enough that we saw many more instant approvals.
As the pandemic changed risk profiles, Chase changed the calculations used to set the business bucket of credit line to be much smaller. So now, you have applicants who would have been instantly approved based on total income and FICO but who are suddenly already at the limit for total business credit. So you see more manual reviews, leading to the reviewer's discretion to, say, go over the business bucket limit by $5k to approve what would have otherwise been an instant approval if the credit limit guidance were higher.
(EDIT: I also suspect there was a temporary rule change to make it much more difficult for sole proprietor businesses to be approved, specifically based on business structure, from roughly April 2020-November 2021. There seems to be plenty of evidence to say that was a temporary change that has been taken out of the model at this point.)
Jan 22, 2022, 10:51 am
#499
Join Date: Feb 2016
Location: New York
Programs: Navy A-4 Skyhawk, B727 FE/FO, S80 FO, B757/767 FO, B737 CA
Posts: 1,342
I've been having no issues getting biz cards from Chase since August '21, and SO, who has always had to jump through more hoops than me, (only sent in nursing license and ID for last biz app) got approved also. We both apply strictly as Sole Prop's.
My only issue (just an inconvenience, really) is the low CLs...my CIP got a $5K one (raised to $10K 3 days after making bonus spend) and $3K on all our other biz cards. Since I now have 2 biz cards, I just put some of that $10K on my CIU until I get the signup bonus done.
My only issue (just an inconvenience, really) is the low CLs...my CIP got a $5K one (raised to $10K 3 days after making bonus spend) and $3K on all our other biz cards. Since I now have 2 biz cards, I just put some of that $10K on my CIU until I get the signup bonus done.
Jan 24, 2022, 5:40 pm
#500
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,475
Based on some posts above regarding rules being relaxed for sole props, I applied for a Chase Ink Preferred for my mom. Got this message: "We have received your request for a Chase credit card. We'll let you know our decision as soon as possible." Is this the usual message for a decline? When Covid first hit I tried to apply for other Chase business cards and she got rejected for business structure.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
Jan 24, 2022, 9:14 pm
#501
Join Date: Feb 2016
Location: New York
Programs: Navy A-4 Skyhawk, B727 FE/FO, S80 FO, B757/767 FO, B737 CA
Posts: 1,342
Based on some posts above regarding rules being relaxed for sole props, I applied for a Chase Ink Preferred for my mom. Got this message: "We have received your request for a Chase credit card. We'll let you know our decision as soon as possible." Is this the usual message for a decline? When Covid first hit I tried to apply for other Chase business cards and she got rejected for business structure.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
You can just call and talk to a live person to get an answer, or just wait for the mail, whichever you are comfortable with.
Last edited by fredc84; Jan 25, 2022 at 7:58 am
Jan 25, 2022, 3:43 am
#502
Join Date: Sep 2012
Posts: 38
No issues getting Ink Cash w/DBA SP
Some people have recommended only applying for a sole proprietorship card under your own name only. Data point, yesterday I applied for an Ink Cash card using the existing profile information for my other Ink card, which is <my name> DBA <my name> Consulting, and was approved within 24 hours. By no means am I saying that's bad advice, just that in my case, it wasn't an issue. N.b. this is a DBA which includes my own name, not a fictitious business name which is a somewhat more formal regulatory concept - in CA, requires registering and publishing the FBN in an approved newspaper.
(I thought about changing the business name to just my own name, but figured that might also be likely to raise a flag with their systems, since my existing Ink card is using the DBA name. Just speculation though.)
(I thought about changing the business name to just my own name, but figured that might also be likely to raise a flag with their systems, since my existing Ink card is using the DBA name. Just speculation though.)
Last edited by oddhack; Jan 25, 2022 at 5:02 am
Jan 25, 2022, 11:56 am
#503
Join Date: Dec 2019
Posts: 258
Don't worry about that. I've had the exact same message and nothing on the status line for every Chase biz app, but we still got all three of our business cards.
You can just call and talk to a live person to get an answer, or just wait for the mail, whichever you are comfortable with.
You can just call and talk to a live person to get an answer, or just wait for the mail, whichever you are comfortable with.
Jan 25, 2022, 12:09 pm
#504
Join Date: Feb 2016
Location: New York
Programs: Navy A-4 Skyhawk, B727 FE/FO, S80 FO, B757/767 FO, B737 CA
Posts: 1,342
Interesting, I got a very similar but not identical message, it said something like "We need more time than usual." Haven't heard from them since, confirmation email said they'd let me know their decision via mail in 30 days. I feel like I got that same message once applying for a personal card that was then denied. What did your confirmation email say?
Jan 28, 2022, 7:34 am
#505
Join Date: Dec 2019
Posts: 258
I never got an email confirmation. For the first biz card app I finally called in after about 2 weeks and was told I got approved 2 days after I applied. For SO's first one, I got a request for documentation, which I provided, then called in about a week later and was told we got approved. My 2nd biz card (the last app), it actually showed up in my account before I got any other notification...possibly since I already had one business card already. That's about the extent of our experience...so far
Jan 28, 2022, 8:17 am
#506
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,475
Based on some posts above regarding rules being relaxed for sole props, I applied for a Chase Ink Preferred for my mom. Got this message: "We have received your request for a Chase credit card. We'll let you know our decision as soon as possible." Is this the usual message for a decline? When Covid first hit I tried to apply for other Chase business cards and she got rejected for business structure.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
When I call the status line, they say no application has been filed under her SSN. She applied on Jan 21.
Jan 28, 2022, 8:25 am
#507
Join Date: Feb 2016
Location: New York
Programs: Navy A-4 Skyhawk, B727 FE/FO, S80 FO, B757/767 FO, B737 CA
Posts: 1,342
If this is your first business card, it won't show up in your personal account. There's a quirk (or it's WAI) where you can't add Chase business cards to a personal card account, but you can do it the other way around.
Jan 29, 2022, 10:02 am
#508
Join Date: Dec 2019
Posts: 258
Oh interesting. So how does it work, I wait for the card in the mail, and then I create a separate online account for it? Can I still pay the card bill from my chase checking account with a single click?
Jan 29, 2022, 10:10 am
#509
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,475
I had to call Chase to get them to set up a new business profile and bring in personal accounts.
Jan 29, 2022, 11:44 am
#510
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold (BIS), AA LT Plat (CC SUBs & BD), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 3,292
FWIW, I did the same thing years ago. However, when I subsequently closed my Chase business cards a year or 2 later, I lost access to ALL my Chase accounts (personal savings, personal checking, personal credit cards). Significant hassle to reestablish on-line access. When I reopened some Chase business cards 2-3 years ago, I choose to maintain 2 different Chase on-line profiles (UsernameB and UsernameP).