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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.
For general information about applying for Chase cards, including explanation of the unpublished 5/24 rule, please review the Wikipost of the PERSONAL card thread: HERE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 There will always be some uncertainty, because 5/24 is an unpublished rule which Chase can modify without notice or explanation.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)
Sep 14, 2022, 5:08 am
#796
Join Date: May 2022
Posts: 2,263
I think this is mostly a 5/24 question not really a business card question as such but it was an application for a business card so putting it here.
I miscalculated 5/24. Classic rookie mistake -- forgot about a closed card. I applied for the chase WOH business card on 8/25 and was denied for having open too many accounts. Coincidentally, though, I dropped under 5/24 a couple of days ago.
Is reconsideration an option in this circumstance? That is, if you're under 5/24 by a few days can you talk yourself into a reconsideration like you can do with authorized users? Even if you were over when you applied? Or do I have to wait until 10/1 to apply fresh?
I miscalculated 5/24. Classic rookie mistake -- forgot about a closed card. I applied for the chase WOH business card on 8/25 and was denied for having open too many accounts. Coincidentally, though, I dropped under 5/24 a couple of days ago.
Is reconsideration an option in this circumstance? That is, if you're under 5/24 by a few days can you talk yourself into a reconsideration like you can do with authorized users? Even if you were over when you applied? Or do I have to wait until 10/1 to apply fresh?
I wouldn't mention 5/24 by name but if they say too many accounts I would then try and say that was 2 years ago.
Sep 14, 2022, 8:13 am
#797
Join Date: Mar 2008
Posts: 1,536
I believe in NY, Chase uses Experian, which (at least for me) doesn't report the *day*. So let's say you closed the card on like 9/10/20. I think it'll report as 9/20, so you'd need to wait until 10/22 to apply from Chase. But remember you have 30 days for reconsideration I believe.
But not sure which day of the month the bureaus update (it's not like they all report on the 1st of the month, AFAIK).
Sep 14, 2022, 8:51 am
#798
Join Date: May 2022
Posts: 2,263
Yeah, I have always gone under the understanding that if a card lapsed on 9/1 from 5/24, you still wait until the next month to apply just to be safe
Sep 14, 2022, 3:46 pm
#799
Join Date: Nov 2007
Location: PHX
Posts: 4,787
Agreed. Depending upon which state you live in, you may need to wait for the credit bureau to update.
I believe in NY, Chase uses Experian, which (at least for me) doesn't report the *day*. So let's say you closed the card on like 9/10/20. I think it'll report as 9/20, so you'd need to wait until 10/22 to apply from Chase. But remember you have 30 days for reconsideration I believe.
But not sure which day of the month the bureaus update (it's not like they all report on the 1st of the month, AFAIK).
I believe in NY, Chase uses Experian, which (at least for me) doesn't report the *day*. So let's say you closed the card on like 9/10/20. I think it'll report as 9/20, so you'd need to wait until 10/22 to apply from Chase. But remember you have 30 days for reconsideration I believe.
But not sure which day of the month the bureaus update (it's not like they all report on the 1st of the month, AFAIK).
Sep 15, 2022, 6:23 am
#800
Join Date: Aug 2012
Posts: 779
DP: off Chase 5/24 yesterday. Today I applied for the Ink Cash and got an instant approval. Out of the last 5 cards, one is an AU with an opening date of <2yrs.
Last edited by asdfghjk; Sep 15, 2022 at 6:28 am
Sep 15, 2022, 9:01 am
#801
Join Date: May 2011
Programs: Spg Gold, Hilton Diamond, Hyatt Diamond
Posts: 1,578
Oct 3, 2022, 9:37 am
#802
Join Date: May 2011
Programs: Spg Gold, Hilton Diamond, Hyatt Diamond
Posts: 1,578
My P2 was approved fr CIP With $5k CL. Is it safe if
I pay mid cycle , or pay $1K over at statement to squeeze the $15K SUB in 3 statement/cycles ?
Does it matter if she is CIP
I pay mid cycle , or pay $1K over at statement to squeeze the $15K SUB in 3 statement/cycles ?
Does it matter if she is CIP
Oct 3, 2022, 10:49 am
#803
Join Date: May 2022
Posts: 2,263
The other option is does P2 have other business cards you can move credit around from?
Oct 3, 2022, 11:11 am
#804
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
The salient point: "Cycling is not the same as simply paying your bill in full before the due date. Likewise, it's not making multiple payments per month, either. Both of those things are fine to do. What adds to the cycling aspect is spending up to your credit limit, paying it off, and repeating that process multiple times within the same billing cycle."
When I was dong mine I paid it off every time I hit 25% utilization, never had an issue.
Oct 3, 2022, 11:59 am
#805
Join Date: Jan 2000
Location: Ashburn, VA (IAD/DCA/BWI)
Posts: 2,748
A quick question about applying a Chase Hyatt business card. Does WoH number must be the applicant or can you use employee's (authorized user) WoH number?
Thx in advance.
Thx in advance.
Oct 3, 2022, 12:45 pm
#806
Join Date: May 2022
Posts: 2,263
The name is supposed to match. Never tried putting someone else's, so its possible that could work, but wouldn't want to risk a credit pull and it being rejected for an issue like that
Oct 4, 2022, 10:19 am
#807
Join Date: Nov 2007
Location: PHX
Posts: 4,787
Dropped of 5/24 last month. Applied on 10/1 for Hyatt business. Wanted to get the application in in time for the double elite night promotion, which runs out in a couple of days.
Got a response that said pending with a 7-10 day message. Got an email that says up to 30 days. My application does not seem to show up online or if I call the automated line. I called in and offered to provide information or move credit and the first line agent did not even transfer me to the business unit and instead said nothing is needed. Not sure if all this is a good sign or bad sign.
Got a response that said pending with a 7-10 day message. Got an email that says up to 30 days. My application does not seem to show up online or if I call the automated line. I called in and offered to provide information or move credit and the first line agent did not even transfer me to the business unit and instead said nothing is needed. Not sure if all this is a good sign or bad sign.
Oct 4, 2022, 10:20 am
#808
Join Date: May 2022
Posts: 2,263
Dropped of 5/24 last month. Applied on 10/1 for Hyatt business. Wanted to get the application in in time for the double elite night promotion, which runs out in a couple of days.
Got a response that said pending with a 7-10 day message. Got an email that says up to 30 days. My application does not seem to show up online or if I call the automated line. I called in and offered to provide information or move credit and the first line agent did not even transfer me to the business unit and instead said nothing is needed. Not sure if all this is a good sign or bad sign.
Got a response that said pending with a 7-10 day message. Got an email that says up to 30 days. My application does not seem to show up online or if I call the automated line. I called in and offered to provide information or move credit and the first line agent did not even transfer me to the business unit and instead said nothing is needed. Not sure if all this is a good sign or bad sign.
Oct 4, 2022, 10:48 am
#809
Join Date: Nov 2007
Location: PHX
Posts: 4,787
It's weird that the system doesn't seem to "see" my application. I've applied for a ton of Chase cards and this has been a slightly different experience. I think I've been rejected but they just haven't told me yet. Maybe the opposite but that's how it feels.
Anyone know -- if I get rejected and I am able to get it reconsidered successfully, will the date of my application control the bonus? In this case, whether I'll be eligible for the double elite nights?
Oct 4, 2022, 10:53 am
#810
Join Date: May 2022
Posts: 2,263
No dice. Same conversation. Application is pending. No updates needed. Will notify me in one to two weeks with decision or if additional information is needed.
It's weird that the system doesn't seem to "see" my application. I've applied for a ton of Chase cards and this has been a slightly different experience. I think I've been rejected but they just haven't told me yet. Maybe the opposite but that's how it feels.
Anyone know -- if I get rejected and I am able to get it reconsidered successfully, will the date of my application control the bonus? In this case, whether I'll be eligible for the double elite nights?
It's weird that the system doesn't seem to "see" my application. I've applied for a ton of Chase cards and this has been a slightly different experience. I think I've been rejected but they just haven't told me yet. Maybe the opposite but that's how it feels.
Anyone know -- if I get rejected and I am able to get it reconsidered successfully, will the date of my application control the bonus? In this case, whether I'll be eligible for the double elite nights?
Normally bonuses go by application date, not approval date. This promo however people are being told they have it with applying before 8/23 but approved after. In addition the promo specifically states approved during the time frame, no applied during. Good luck!