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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.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 26, 2022, 1:22 pm
#721
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
I dont see any benefit of doing that, especially now that Chase lets you automatically realign credit during the application process, so no need to call.
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.
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.
- lower credit limits on existing open accounts and allow credit limits on recently closed accounts to disappear in the hope of further instant approval(s).
- maintain credit limits on existing open accounts and consolidate credit limits on recently closed accounts (to remaining open accounts) in the hope of easy recon call(s) (offering to reallocate credit limit).
It’s theorized that it takes 30 “Chase days” (kinda like dog years but different) for a closed account credit limit to no longer be recognized by their system but I don’t think we know for certain. Makes application timing for those who advocate reduction a bit more complicated. And with the former theory one has one less bargaining chip, which might be one’s only bargaining chip.
Latter theory allows one to preemptively eliminate one of the major reasons for a decline. It’s also possible that a successful preemptive recon call offering to reallocate credit limit(s) will overcome other issues with the application, which might be less concerning to Chase in view of an otherwise satisfactory (after CL reallocation) application.
IME*, within 5 minutes of a “pending review” application, I’ve made 8 to 12 successful recon calls offering to reallocate CL. Uncertain if I had reduced CLs I would have been approved. Recon calls evidently allow for some wiggle room and judgement calls by the representative, that’s why it’s a live human being and not a computer. There are a few reports of one of the issuers (? Chase) asking about (non-human involved) CL reallocation during the online application process, be interesting to see how that affects overall approval rate.
* As a young physician or medical student, when to stop listening: When the intern says “in my experience” (interns by definition don’t have much experience) and when the Attending says “I think” (unjustified but playful age based insult of the Attending) .
Last edited by Dr Jabadski; Jul 28, 2022 at 11:21 am Reason: actually no editing, clicked wrong tab when trying to quote
Jul 26, 2022, 4:45 pm
#722
Join Date: Jan 2013
Posts: 845
I dont see any benefit of doing that, especially now that Chase lets you automatically realign credit during the application process, so no need to call.
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.
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.
Jul 26, 2022, 4:50 pm
#723
Join Date: Jan 2013
Posts: 845
Concur. Clearly (at least) 2 different theories, personally I advocate the latter:
- lower credit limits on existing open accounts and allow credit limits on recently closed accounts to disappear in the hope of further instant approval(s).
- maintain credit limits on existing open accounts and consolidate credit limits on recently closed accounts (to remaining open accounts) in the hope of easy recon call(s) (offering to reallocate credit limit).
It’s theorized that it takes 30 “Chase days” (kinda like dog years but different) for a closed account credit limit to no longer be recognized by their system but I don’t think we know for certain. Makes application timing for those who advocate reduction a bit more complicated. And with the former theory one has one less bargaining chip, which might be one’s only bargaining chip.
Latter theory allows one to preemptively eliminate one of the major reasons for a decline. It’s also possible that a successful preemptive recon call offering to reallocate credit limit(s) will overcome other issues with the application, which might be less concerning to Chase in view of an otherwise satisfactory (after CL reallocation) application.
IME*, within 5 minutes of a “pending review” application, I’ve made 8 to 12 successful recon calls offering to reallocate CL. Uncertain if I had reduced CLs I would have been approved. Recon calls evidently allow for some wiggle room and judgement calls by the representative, that’s why it’s a live human being and not a computer. There are a few reports of one of the issuers (? Chase) asking about (non-human involved) CL reallocation during the online application process, be interesting to see how that affects overall approval rate.
* As a young physician or medical student, when to stop listening: When the intern says “in my experience” (interns by definition don’t have much experience) and when the Attending says “I think” (unjustified but playful age based insult of the Attending) .
- lower credit limits on existing open accounts and allow credit limits on recently closed accounts to disappear in the hope of further instant approval(s).
- maintain credit limits on existing open accounts and consolidate credit limits on recently closed accounts (to remaining open accounts) in the hope of easy recon call(s) (offering to reallocate credit limit).
It’s theorized that it takes 30 “Chase days” (kinda like dog years but different) for a closed account credit limit to no longer be recognized by their system but I don’t think we know for certain. Makes application timing for those who advocate reduction a bit more complicated. And with the former theory one has one less bargaining chip, which might be one’s only bargaining chip.
Latter theory allows one to preemptively eliminate one of the major reasons for a decline. It’s also possible that a successful preemptive recon call offering to reallocate credit limit(s) will overcome other issues with the application, which might be less concerning to Chase in view of an otherwise satisfactory (after CL reallocation) application.
IME*, within 5 minutes of a “pending review” application, I’ve made 8 to 12 successful recon calls offering to reallocate CL. Uncertain if I had reduced CLs I would have been approved. Recon calls evidently allow for some wiggle room and judgement calls by the representative, that’s why it’s a live human being and not a computer. There are a few reports of one of the issuers (? Chase) asking about (non-human involved) CL reallocation during the online application process, be interesting to see how that affects overall approval rate.
* As a young physician or medical student, when to stop listening: When the intern says “in my experience” (interns by definition don’t have much experience) and when the Attending says “I think” (unjustified but playful age based insult of the Attending) .
Jul 26, 2022, 5:49 pm
#724
FlyerTalk Evangelist
Join Date: Dec 2002
Location: Danville, CA, USA;
Programs: UA 1MM, WN CP, Marriott LT Plat, Hilton Gold, IC Plat
Posts: 15,722
I dont see any benefit of doing that, especially now that Chase lets you automatically realign credit during the application process, so no need to call.
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.
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.
I always re-allocate my CL to other cards before I close a card as I have no confidence that Chase will expand my CL when I submit the next app. Sometimes they surprise me, sometimes they don't. Most of my cards have $20k+ so it's no trouble to shift $5k x 2 when opening a new account.
Jul 27, 2022, 8:32 am
#725
Join Date: May 2022
Posts: 2,263
But now that chase allows reallocation as part of the application process, you can reallocate and still get instant approval
Jul 27, 2022, 10:14 am
#726
Join Date: Feb 2003
Location: On strike
Posts: 8,135
The other six were approved instantly, perhaps because I always trim the applicant's Chase CL to create headroom before applying. Maybe that's no longer necessary & doing it is mere superstition, but as long as it costs me literally nothing I intend to keep doing it.
Jul 27, 2022, 10:21 am
#727
Join Date: May 2022
Posts: 2,263
That must be rather recent or inconsistently available. Of the 7 Chase apps DW & I submitted since the start of 2021, the one that went to pending (& approval two days later) offered no such reallocation option. That was in December 2021.
The other six were approved instantly, perhaps because I always trim the applicant's Chase CL to create headroom before applying. Maybe that's no longer necessary & doing it is mere superstition, but as long as it costs me literally nothing I intend to keep doing it.
The other six were approved instantly, perhaps because I always trim the applicant's Chase CL to create headroom before applying. Maybe that's no longer necessary & doing it is mere superstition, but as long as it costs me literally nothing I intend to keep doing it.
Jul 27, 2022, 10:16 pm
#728
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,082
Jul 28, 2022, 9:22 am
#730
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,082
Are these offers only if you are auto declined? I guess I misread. Sorry, that's why it didn't make sense. 
We were auto-approved.
I'll blame my ignorance on the Merlot.
We were auto-approved.I'll blame my ignorance on the Merlot.
Last edited by philemer; Jul 28, 2022 at 9:29 am
Jul 28, 2022, 9:59 am
#731
Join Date: May 2022
Posts: 2,263
Yes. You used to get a rejection that stated the reason was that you have too much credit with Chase. You then would have to call and have them reallocate, now the allocation is part of the application process if that is the issue.
Jul 28, 2022, 11:40 am
#732
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
A preemptive call, prior to receiving the letter specifying the reason(s), by definition occurs when one does not know the reason. Even the letter specifying the reason(s), may not specify ALL of the reasons. We aren't privy to what goes on behind the scenes at Chase, it could be that there are secondary relatively insignificant reasons for reviewing or declining a credit card application which are negated or disappear once a primary reason is eliminated.
My last two Chase Recon calls, 14 and 19 months ago had very different durations (~5 and ~45 minutes) yet both achieved the exact same outcome (approval after credit limit reallocation). I don’t know if the additional 40 minutes was necessary to review other insignificant reasons which were OBE* (upon approval).
(* (OBE) Overcome by events or (OTBE) Overtaken By Events, is a term of military origin used when a situation changes so rapidly that previously proposed courses of action are no longer relevant.)
Jul 28, 2022, 11:46 am
#733
Join Date: May 2022
Posts: 2,263
One of the challenges is that we (as applicants) have no way of knowing “the only reason” or if there is an “only reason” (vice multiple reasons).
A preemptive call, prior to receiving the letter specifying the reason(s), by definition occurs when one does not know the reason. Even the letter specifying the reason(s), may not specify ALL of the reasons. We aren't privy to what goes on behind the scenes at Chase, it could be that there are secondary relatively insignificant reasons for reviewing or declining a credit card application which are negated or disappear once a primary reason is eliminated.
My last two Chase Recon calls, 14 and 19 months ago had very different durations (~5 and ~45 minutes) yet both achieved the exact same outcome (approval after credit limit reallocation). I don’t know if the additional 40 minutes was necessary to review other insignificant reasons which were OBE* (upon approval).
(* (OBE) Overcome by events or (OTBE) Overtaken By Events, is a term of military origin used when a situation changes so rapidly that previously proposed courses of action are no longer relevant.)
A preemptive call, prior to receiving the letter specifying the reason(s), by definition occurs when one does not know the reason. Even the letter specifying the reason(s), may not specify ALL of the reasons. We aren't privy to what goes on behind the scenes at Chase, it could be that there are secondary relatively insignificant reasons for reviewing or declining a credit card application which are negated or disappear once a primary reason is eliminated.
My last two Chase Recon calls, 14 and 19 months ago had very different durations (~5 and ~45 minutes) yet both achieved the exact same outcome (approval after credit limit reallocation). I don’t know if the additional 40 minutes was necessary to review other insignificant reasons which were OBE* (upon approval).
(* (OBE) Overcome by events or (OTBE) Overtaken By Events, is a term of military origin used when a situation changes so rapidly that previously proposed courses of action are no longer relevant.)
Aug 6, 2022, 2:22 pm
#734
Join Date: Nov 2011
Location: Iowa
Posts: 730
Re-applying for another INK card
I have all three INK cards. The Cash and Unlimited were approved 28 and 32 months ago, respectively. The Ink Preferred was approved about 18 months ago.
I am below the Chase 5/24 rule.
Are there any other factors that I need to consider before canceling the Cash and Unlimited and reapplying to get the SUB again?
Thanks.
I am below the Chase 5/24 rule.
Are there any other factors that I need to consider before canceling the Cash and Unlimited and reapplying to get the SUB again?
Thanks.
Aug 7, 2022, 7:11 am
#735
Join Date: Sep 2011
Posts: 1,857
I have all three INK cards. The Cash and Unlimited were approved 28 and 32 months ago, respectively. The Ink Preferred was approved about 18 months ago.
I am below the Chase 5/24 rule.
Are there any other factors that I need to consider before canceling the Cash and Unlimited and reapplying to get the SUB again?
Thanks.
I am below the Chase 5/24 rule.
Are there any other factors that I need to consider before canceling the Cash and Unlimited and reapplying to get the SUB again?
Thanks.