Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Credit Card Programs
Reload this Page >

Applying for Business Credit Cards [Consolidated]

Applying for Business Credit Cards [Consolidated]

Old Feb 11, 12, 5:26 pm
  #91  
 
Join Date: Apr 2011
Location: Philadelphia
Posts: 297
When I applied for the Chase Ink Business Bold card, I also didn't hear anything for a week or so and decided to call the Chase Business Reconsideration line. I hadn't been rejected yet, but called to inquire about my status. The lady who picked up was able to help me right away, asked me the basic questions are you are thinking she will ask, and approved me right then.

Not sure why they hadn't approved me yet or what they were waiting on or even when I would have heard from them had I not called, but I would consider calling the Business reconsideration line. Speeds up the process.

Good luck on getting approved!
civico is offline  
Old Feb 12, 12, 1:09 pm
  #92  
 
Join Date: Jul 2011
Location: NYC
Posts: 511
Originally Posted by StckFigure View Post
I didn't see anything about an automated status line... do I just call it (I assume I can Google the number) and use the SSN as the identifier for the application? Is it a different line for each card product, or one central line for all Chase cards?
You can try 888 609 7805. That is a Chase Biz app status line. Maybe they can help.

For a more complete list of numbers you can call check out my sites Credit Card App Assistant.

Good Luck.

Last edited by mia; Feb 13, 12 at 9:50 am
thetravelabstract is offline  
Old Feb 23, 12, 6:50 pm
  #93  
 
Join Date: Jan 2012
Posts: 1
I did the same thing. My business is a private voice studio, but after calling several times, the agents keep rejecting me for "too short credit history" and I have no reported business credit (I really don't know what that is...). Did you get yours approved? I'm kind of at a loss...
Hashtag is offline  
Old Feb 23, 12, 6:58 pm
  #94  
A FlyerTalk Posting Legend
 
Join Date: Aug 2010
Location: DCA
Programs: UA US CO AA DL FL
Posts: 45,960
Banks cracking down

Now that Dodd-Frank is fully implemented and CC-issuers are required to do due diligence to make certain that they aren't issuing business cards to consumers, it can take a lot longer to get approval if you haven't provided solid business information (EIN, type of business entity, and the like).

Consumers have a lot more rights now and banks caught issuing business cards (which don't have those rights) to consumers face stiff penalties.
Often1 is online now  
Old Feb 24, 12, 2:35 am
  #95  
 
Join Date: May 2011
Posts: 152
give them a call...they often need to just verify some information about your business
8mpg is offline  
Old Feb 24, 12, 11:29 am
  #96  
 
Join Date: Dec 2011
Posts: 114
Finally got a rejection letter from Chase, as expected, although the reasoning printed in the letter had nothing to do with the lack of information on the business, but rather was because of too many lines of credit (even though there is only one, the Southwest personal card, with a high but not exorbitant limit). We'll be calling them tonight to try and split the credit line, and presumably have to answer questions about the business along the way.
StckFigure is offline  
Old Feb 24, 12, 3:39 pm
  #97  
 
Join Date: May 2011
Posts: 152
Originally Posted by StckFigure View Post
Finally got a rejection letter from Chase, as expected, although the reasoning printed in the letter had nothing to do with the lack of information on the business, but rather was because of too many lines of credit (even though there is only one, the Southwest personal card, with a high but not exorbitant limit). We'll be calling them tonight to try and split the credit line, and presumably have to answer questions about the business along the way.
When you split the limit, just be aware that they will transfer from your personal credit limit to the business line. This WILL change your credit score and lower your overall credit limits. Also, its been reported, you cannot get that credit limit back to your personal side later.
8mpg is offline  
Old Feb 25, 12, 7:56 am
  #98  
 
Join Date: Jul 2004
Location: Lodi, CA
Posts: 592
Chase is getting really tough with business cards. You might want to read this post by mommy points regarding her conversation with chase about approval of her ink bold card. I am not saying everyone is having same tough time but be prepared for everything and anything.
maulah is offline  
Old Feb 25, 12, 9:51 pm
  #99  
 
Join Date: May 2011
Posts: 152
Originally Posted by maulah View Post
Chase is getting really tough with business cards. You might want to read this post by mommy points regarding her conversation with chase about approval of her ink bold card. I am not saying everyone is having same tough time but be prepared for everything and anything.
I didnt have any trouble. Asked what my business was (sole proprietorship) and how much I gross (which isnt much as it is a side job). Moved some credit line and done
8mpg is offline  
Old Feb 28, 12, 1:21 pm
  #100  
 
Join Date: Feb 2012
Posts: 51
R u lese likely to have to answer Business related questions if you have an EIN?

I have an ein...will i get questioned less because of this?
ilovskins12 is offline  
Old Feb 28, 12, 2:58 pm
  #101  
 
Join Date: Aug 2011
Location: DFW
Programs: AA PLT, HH Gold, SPG/Marriott Gold
Posts: 1,091
I think you're still going to receive the same amount of questioning whether you use your EIN or SSN. If you get to the point of them asking questions, obviously something didn't allow for instant approval, most likely a credit issue (new inquiries, accounts, etc.) You are then going to be asked the same questions as anyone else, they're still going to want to know revenue, years in business, type of business, etc.
longhorn11 is offline  
Old Feb 28, 12, 4:48 pm
  #102  
 
Join Date: May 2011
Programs: As many as I can!
Posts: 344
I've done it both with and without the EIN and got asked lots of business related questions each time.
Million Mile Secrets is offline  
Old Feb 28, 12, 9:14 pm
  #103  
 
Join Date: Apr 2011
Location: Philadelphia
Posts: 297
I would say that an EIN may make it more likely that you get approved instantly. However, if you don't get approved instantly, you'll most likely get the same type of questions about your business whether you have EIN or not.
civico is offline  
Old Mar 3, 12, 6:15 pm
  #104  
 
Join Date: Sep 2011
Location: USA
Posts: 1,173
Fwiw, I applied with a EIN and all I was asked was to send them a utility/tel bill or any document with the name of my business and address listed on it. No other business questions were asked. The only reason I was told I wasn't approved instantly was because this was my first business card application ever.
tsmith12 is offline  
Old Mar 16, 12, 8:03 am
  #105  
 
Join Date: Nov 2006
Location: LAX
Posts: 2,803
YIPEE!! lst business card approved

Just applied online for Chase Ink Bold. Got the dreaded 'wait for pending decision". Within minutes I called Biz Reconsideration number at 800-453-9719 and asked if they were able to see my credit report. CSR said credit report is frozen. I asked which one you are looking for. He said Experian and I said, "Oh, could you please look up for Equifax" He did. I waited for 5 minutes. He asked several questions and I was approved. However, he said I had too many Chase cards and needed to close one which I did. Unfortunately he said I couldn't transfer the CL from the closed card to Ink Bold.

I feel great!!! and TGIF
metoo is online now  

Thread Tools
Search this Thread
Search Engine: