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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.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)
Apr 11, 2022, 10:48 am
#616
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
The rep may have meant that Chase can see the inquiries (hard pulls) for all of those business cards, even though they cannot see the resulting accounts (except for the Chase accounts). Have you looked at one of your credit reports rather than relying on your own count? There are a few issuers who do report business accounts.
Apr 11, 2022, 2:59 pm
#617
Join Date: Jan 2013
Location: SLC
Programs: Hilton Diamond, IHG Spire Elite
Posts: 50
I looked at Credit Karma. My business cards have been Chase, Barclays, Amex, US Bank, and Bank of America. Never had business cards from these banks count against 5/24 before.
Apr 11, 2022, 6:58 pm
#618
Join Date: Apr 2015
Programs: Wyndham Diamond
Posts: 876
Did you count cards that were closed as well, not just the open ones?
Apr 11, 2022, 7:17 pm
#619
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
Apr 11, 2022, 7:39 pm
#620
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
If you are looking at the number of inquiries you need to look at the same bureau that Chase used, and they must tell you which one(s) they used.
Last edited by mia; Apr 11, 2022 at 8:01 pm
Apr 11, 2022, 8:45 pm
#621
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
(from Chase ink card application certifications) I understand that any new cardmember bonus offers for this product are not available to either current or previous cardmembers of this product who received a new cardmember bonus for this product in the last 24 months.
Apr 12, 2022, 12:48 am
#622
Join Date: Apr 2015
Programs: Wyndham Diamond
Posts: 876
In this case fivegirls has a different count of number of new accounts than whichever credit bureau Chase has checked. Either fivegirls miscounted, or the credit bureau has inaccurate information. This is why I suggested fivegirls to check the specific credit bureau Chase has accessed for the credit application.
Apr 12, 2022, 2:44 am
#623
Join Date: Mar 2018
Posts: 5
Chase Ink Preferred Spending Limit
I was approved for Chase ink preferred 2 months ago with 100K SUB after spending 15K. I am trying to put a lot of spending on the card in order to get the SUB. However, recently all the transactions using the card recently were declined and got to know from Chase it was due to reaching the monthly spending limit (6k) which is equaled to credit card limit. Is there a way to remove or increase the spending limit above 6k.
Apr 12, 2022, 10:12 am
#624
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
$80,000 across Chase cards or across all issuers? Think about how that compares with your verifiable household income to judge if looks excessive.
Last edited by mia; Apr 12, 2022 at 10:27 am
Apr 12, 2022, 10:42 am
#625
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Chase's policy does not indicate whether there is also a minimum waiting period between cancellation and reapplication, and there is not yet sufficient anecdotal evidence from FTers to draw firm conclusions. At a minimum, a prudent churner will wait at least a week or two after cancellation before reapplying so that all of Chase's systems fully reflect that closure. … At least one FTer has reported re-applying successfully 14 days after canceling the previous card.
Personally, I would wait a minimum of one week, but YMMV. And remember that Fortune f[…] the brave.
Apr 12, 2022, 12:04 pm
#626
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
I believe there is a period of time during which a recently closed account can be reopened. An application submitted during that period is likely to be rejected as a duplicate of an existing card. I do not know if the period is the same for personal and Business cards, but in the context of personal cards the typical advice is to wait 4 days if downgrading, or 30 days if cancelling.
Apr 12, 2022, 12:13 pm
#627
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
LOL, love the irony of different translations of “f[…]”.
(FWIW, I have some experience with Chase including ~50 Chase cards in the past 16 years, 10 in the past 2 years and 3 on the same day a year and half ago. I always allow at least 30 days between cancellation and re-application for the same card. I asked here and now because I thought prudent recommendations might be more than 30 days.)
And remember that no good deed goes unpunished
.
Apr 12, 2022, 7:42 pm
#628
Join Date: Jan 2013
Location: SLC
Programs: Hilton Diamond, IHG Spire Elite
Posts: 50
In theory this is true. In actuality, not necessarily. Each bureau has different software for ingesting and retrieving customer credit information. Similarly, each bureau has a different process for handling credit disputes. It is naive to assume all three credit bureau will have the same data at all times.
In this case fivegirls has a different count of number of new accounts than whichever credit bureau Chase has checked. Either fivegirls miscounted, or the credit bureau has inaccurate information. This is why I suggested fivegirls to check the specific credit bureau Chase has accessed for the credit application.
In this case fivegirls has a different count of number of new accounts than whichever credit bureau Chase has checked. Either fivegirls miscounted, or the credit bureau has inaccurate information. This is why I suggested fivegirls to check the specific credit bureau Chase has accessed for the credit application.
Apr 13, 2022, 11:42 am
#629
Join Date: May 2011
Programs: Spg Gold, Hilton Diamond, Hyatt Diamond
Posts: 1,578
I'm not sure how long it takes for a reduced credit limit to be reflected in Chase's approval algorithm, my impression is longer than "a few days".
$80,000 across Chase cards or across all issuers? Think about how that compares with your verifiable household income to judge if looks excessive.
$80,000 across Chase cards or across all issuers? Think about how that compares with your verifiable household income to judge if looks excessive.
She had over 80k on Chase alone. Longest relationship with Chase of all banks , Plus a Private Client with excess of total CL across All cards on deposit . Should I wait a few days or call her/mine private Banker ?
Apr 16, 2022, 8:18 pm
#630
Join Date: Jan 2016
Posts: 254
2 Chase cards same day? Also, Churn Ink Unlimited?
Hi All,
In late 2020 I got two Chase cards on the same day (United Biz and CFU). In October 2021 I got a Chase personal card (CSP). No cards since then. A lot of spend on my Chase cards though.
Is it a good or bad idea (lately) to try for two cards on the same day? Am I more likely to get both if I wait a month or more? The cards I'm considering are IHG Premier Business and United Explorer personal. I'd also like to get a Marriott card but I keep missing the good bonuses!
Also, I have Ink Unlimited and Ink Cash. I'm thinking of canceling the Unlimited and reapplying in a couple months or so to get another sign up bonus. I've had it for about 28 months. Thoughts? Thanks!
Kyle
Note, I currently have CFU, CFF, CF, SCP, and two IHG personal cards as well as the Ink Cash and Ink Unlimited. Am I getting to the point of having too many and needing to cancel one first?
In late 2020 I got two Chase cards on the same day (United Biz and CFU). In October 2021 I got a Chase personal card (CSP). No cards since then. A lot of spend on my Chase cards though.
Is it a good or bad idea (lately) to try for two cards on the same day? Am I more likely to get both if I wait a month or more? The cards I'm considering are IHG Premier Business and United Explorer personal. I'd also like to get a Marriott card but I keep missing the good bonuses!
Also, I have Ink Unlimited and Ink Cash. I'm thinking of canceling the Unlimited and reapplying in a couple months or so to get another sign up bonus. I've had it for about 28 months. Thoughts? Thanks!
Kyle
Note, I currently have CFU, CFF, CF, SCP, and two IHG personal cards as well as the Ink Cash and Ink Unlimited. Am I getting to the point of having too many and needing to cancel one first?