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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.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)
Jul 15, 2022, 10:29 am
#706
Join Date: May 2022
Posts: 2,255
During the peak of the pandemic I believe Chase was declining business cards left and right. One of the main reasons was they didnt have a business account so they didnt know the activity.
I had been declined for a United Business card at that time for that reason. I opened a business checking account, funded it with 10k. Called back and asked them if they could now reconsider and they approved.
I had been declined for a United Business card at that time for that reason. I opened a business checking account, funded it with 10k. Called back and asked them if they could now reconsider and they approved.
Jul 16, 2022, 7:06 am
#707
Join Date: May 2011
Programs: Spg Gold, Hilton Diamond, Hyatt Diamond
Posts: 1,578
During the peak of the pandemic I believe Chase was declining business cards left and right. One of the main reasons was they didnt have a business account so they didnt know the activity.
I had been declined for a United Business card at that time for that reason. I opened a business checking account, funded it with 10k. Called back and asked them if they could now reconsider and they approved.
I had been declined for a United Business card at that time for that reason. I opened a business checking account, funded it with 10k. Called back and asked them if they could now reconsider and they approved.
is there any Tax risk in opening a BIZ Account ? Fraud ?
Jul 16, 2022, 7:13 am
#708
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Jul 18, 2022, 7:44 am
#709
Join Date: May 2022
Posts: 2,255
No issue. Lets say you buy status off craiglists and resell it on eBay, you qualify for a business. Go into Chase and tell them you do business as PeterPNYC on eBay and want a business account. They ask for basically no support for this sole proprietor account. Fund it, and then in my experience you get no questions on opening a business account about the identity. Since you have verified everything in a branch, they dont need you to verify the business again.
Jul 20, 2022, 11:35 pm
#710
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,937
No issue. Lets say you buy status off craiglists and resell it on eBay, you qualify for a business. Go into Chase and tell them you do business as PeterPNYC on eBay and want a business account. They ask for basically no support for this sole proprietor account. Fund it, and then in my experience you get no questions on opening a business account about the identity. Since you have verified everything in a branch, they dont need you to verify the business again.
Jul 21, 2022, 4:37 am
#711
Join Date: May 2022
Posts: 2,255
As an added bonus look at the current business checking sign up bonuses
Jul 21, 2022, 5:04 pm
#712
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,937
Jul 24, 2022, 11:45 pm
#713
FlyerTalk Evangelist
Join Date: Dec 2002
Location: Danville, CA, USA;
Programs: UA 1MM, WN CP, Marriott LT Plat, Hilton Gold, IC Plat
Posts: 15,715
Data points:
- In April 2020 my Chase Ink Unlimited app was rejected (right after Chase tightened lending standards due to pandemic).
- Just reapplied (July 2022) and received instant acceptance with $16k credit line! Kind of surprised as my projected annual income from the new biz is $50k.
- This is the my first Chase Biz card and the first time in years that I did not have to call recon line to re-allocate credit. Was going to open a biz checking account first but they wanted too much paperwork.
Jul 25, 2022, 8:53 am
#714
Join Date: May 2022
Posts: 2,255
Data points:
- In April 2020 my Chase Ink Unlimited app was rejected (right after Chase tightened lending standards due to pandemic).
- Just reapplied (July 2022) and received instant acceptance with $16k credit line! Kind of surprised as my projected annual income from the new biz is $50k.
- This is the my first Chase Biz card and the first time in years that I did not have to call recon line to re-allocate credit. Was going to open a biz checking account first but they wanted too much paperwork.
Do you have a business checking account?
Jul 25, 2022, 9:23 am
#715
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Jul 25, 2022, 12:32 pm
#716
FlyerTalk Evangelist
Join Date: Dec 2002
Location: Danville, CA, USA;
Programs: UA 1MM, WN CP, Marriott LT Plat, Hilton Gold, IC Plat
Posts: 15,715
Not yet.
I concur, but there have been reports of low credit lines for new biz. Recent experience (Schnit and me suggests the your theory is correct.
I concur, but there have been reports of low credit lines for new biz. Recent experience (Schnit and me suggests the your theory is correct.
Jul 25, 2022, 12:35 pm
#717
Join Date: Jun 2017
Location: SEA/NYC/IAD
Programs: UA 1K, Marriott Titanium, Hyatt Explorist
Posts: 1,916
Chase recently increased it to ~$13k without my asking (automatic credit line increase -- I only noticed when I logged into the online portal to pay off a statement).
I don't think it's tied to personal income, as Chase has given me some absolutely massive personal credit lines (combined ~$75k, highest card is $33k or so).
Jul 25, 2022, 1:35 pm
#718
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,072
Jul 26, 2022, 10:59 am
#719
Join Date: Jan 2013
Posts: 845
My credit line was laughably small when I applied ($6k or so). I had to credit cycle to make the SUB because there's no other way I would have put $15k on the card otherwise.
Chase recently increased it to ~$13k without my asking (automatic credit line increase -- I only noticed when I logged into the online portal to pay off a statement).
I don't think it's tied to personal income, as Chase has given me some absolutely massive personal credit lines (combined ~$75k, highest card is $33k or so).
Chase recently increased it to ~$13k without my asking (automatic credit line increase -- I only noticed when I logged into the online portal to pay off a statement).
I don't think it's tied to personal income, as Chase has given me some absolutely massive personal credit lines (combined ~$75k, highest card is $33k or so).
Jul 26, 2022, 11:15 am
#720
Join Date: May 2022
Posts: 2,255
During the pandemic Chase tightened their approvals, I would think its better to have credit available to move should this happen again, rather than having lowered your limit and now they have lowered the amount they are willing to give.