Chase business credit card reddit I’ve been putting everything on my personal credit card for the points. Chase is my favorite credit card issuer but has been the hardest to get approved for for me, I have the Csp, freedom flex, ink cash business and Hyatt business, they get easer to get once your in to the system. I've posted here recently about Chase's new credit scoring model for businesses (based on FICO Bankcard 2) and, from direct discussions with Chase business credit underwriters. I'm somewhat new to the credit card points game, and i always hear people talking about opening business cards as you can do being sole proprietor, doesnt report to personal credit, etc. We use two business credit cards, Chase Ink for our everyday purchases and American Express (Gold) charge card for our shipping charges. That next card approval will always get you more credit. If you've gotten any Chase card in the last 30 days. Ink business cards are talked about, but because they’re business cards with a higher spend, people may be afraid to apply for them or not understand that they can apply for them. Chase Ink card allow a 12 month interest free CC: SO currently have balance CIC - $4k, CL=$10k CIU - $4k, CL=$10k Since these card are interest free for 12 months not sure how a balance on INK biz card impacts the application process for additional business cards? You can get a business credit card even as a sole proprietor with no business revenue yet. Then refresh the Chase connection on Personal Capital. Chase Ink Unlimited - Applied and recd in June'22. I want my next two cards to be business cards but I'm wondering if I should do Amex or chase first. SUB recd in Mar'20. It is good for paying internet/cable and phone bills (5x UR), also get giftcards from office depot (also 5x UR). Our American Express card has a $250 annual fee. e. Listed $0 business income lol (which is the truth). Look at your bank statements and current credit card statements to find your natural spending categories. My last card was the amex platinum and chase ink unlimited on the same day (12/20/21). Jul 15, 2024 · While Chase offers a robust portfolio of consumer credit cards, the issuer also has a suite of business cards tailored to different companies and expenses. Wiki at: https://japanfinance. due to macro factors, etc. Less than 7% of credit card companies report to the biz credit bureaus. My question is has anyone really just treated their business card like a personal card and used it for groceries, gas, dining and all the usual personal spend without any repercussions from Chase? I’d estimate 1,000 of the 7,500 dollars of spend might actually be able to be classified as business spend if that. DoC doesn't look to have a list (or maybe I'm typing the wrong item into search). Some business credit cards do report on your personal credit report. 3/24. Then, in a month or two for the Southwest Business card via chase. Amex gold, chase business ink, southwest business card (enough to get the companion pass). Nov 21, 2024 · 09/06/2023: Opened Chase Ink Business Cash 11/17/2024: Opened Chase Ink Business Unlimited. I think the Ink business cash is one of the best (if not the best) Chase business card out there. I have 3 currently. Not sure if this was a follow-up to approving my new business cards or just a broader adjustment (i. You'll get a denial unless you haven't gotten ANY (personal or business) Chase cards in the last 30 days. Was told I was approved! And that indeed all mailing material will go to my business address and not my personal address. I have a thin credit history of 7 months now (740 FICO) and is interested to open a Chase Ink Business Cash to pay for the upcoming IRS. I do agree they are easy to get, and would definitely recommend if you can hit the requirement. You need to be under 5/24 when signing up, but after that they don’t count against it. But Chase will deny you for an Ink if you’re at 5/24 or above. my cards: chase freedom, sapphire metal card, amazon visa card, AMEX gold, AMEX blue haven't signed up for a card in the past year, not sure if this info is important but just mentioning Thank you for your time and help. Chase Business recon line is 1-800-453-9719 The Chase Ink is a personally secured business card. The Barclays Wyndham Business card also Request: Any data points with $0 revenue and 0 years in business getting approved? If so, which card(s)? I’m looking to apply for the Wyndham Earner Business card specifically. I'm looking to apply for the Chase Ink Business Cash card soon, and I heard that there's a hard 1 card per 30 day rule for business cards. The Chase ecosystem works for a lot of people, especially people who also bank with Chase, but it's not for everyone. Well, i opened my email and low and behold "Congratulations! Your new credit card is approved" "Your new Chase Ink Business Unlimited credit card (xxxx) and welcome kit are on the way and should arrive in 3 to 5 business days". After closing out the application screen tab, I received this email: "We'll review your Chase Ink Business Unlimited credit card application and be in touch soon. Otherwise, you cannot. ) I have the following Chase Business cards. The business has 1 year worth of tax records but never taken credit cards out in the business name. Does amex do a soft pull for business cards as well (if I'm only currently a personal customer)? Put all of my spend on the card (~90% utilization), let the utilization report (won’t affect credit score since it’s a business card), and pay off the statement balance in full. However, im always uncertain as to how fulfill the SUB, lets say for example you tutor online, you qualify as (sole proprietor) but you will never have Ink cards tend to take longer. The Chase Ink card has no annual fee. There are better ones you can easily get approved for If you want to look into another great business credit card that I’ve been vouching for, it’s Divvy business credit card. (Already had the Ink Preferred and Cash) It took over a week and multiple phone calls from me and from Chase to finally get the thing approved. “But SimplyX69, I see people talking about getting it all the time!” This is because banks are not strict about what qualifies as a business. Known as the Ink Business family, these credit cards earn either cash-back rewards or Chase Ultimate Rewards points. Consider applying for personal business credit cards as a sole proprietor. Plan your budget. I'm currently at 3/24: CSP/CFF - 03/23 PENFED Pathfinder - 04/23 800's Fico Scores, 92k income, oldest account 15+ years That next card approval will always get you more credit. Application will always result in a hard pull, usually with Experian and maybe a second bureaus as well. All business cards will require a personal guarantee until you get to the corporate card level. They are literally telling you this is insufficient to justify the issuance of another business credit card. SUB recd in Aug'22. I had to go to a chase branch to get my business card, because they want so much proof of documentation. You need a new personal card. It only offers a 1. Chase Ink Preferred - Applied & recd in Jan'20. We'll review your Chase Ink Business Preferred® credit card application and be in touch soon. Approved with $50K limit, no inquiries against my credit on Transunion or Equifax. Use most of the point for travel, hotels, and rental cars. I bought a business from my employer about 6 months ago (worked there for 25 years). Some months I might spend $300 and others $20,000. But realize it would make accounting easier if I got a business card. EDIT: Approved for Chase Ink Business Unlimited. I had a big expense the first month so I had to credit cycle (charge 3k, pay it off, then charge it again). Got a Chase Ink Preferred in mid-December. If you have a "business" credit card and it says your company name AND your name it's not a business card that reports. As I understand, Inks dont count towards 5/24 since theyre business cards and Chase doesnt report business cards to personal credit reports. com. This includes gig workers, for example. Trying to find one maybe with cash back or good points for this lower spending bracket. Downgraded to Chase Ink Cash in Feb'22 Chase Ink Cash - Recd as product change card from the CIP above in Feb'22, so less than 12 months after product change. However Chase Ink is pretty low tier in terms of business credit cards (nothing wrong though, building credit is still good). 5% cash back on every purchase made for your business It depends on the card issuer. You could get either CSF/CSR or Chase Ink Preferred Business (CIPB) credit cards for your travel transfer credit card and then CICB and CIUB UPDATE: Called business ink credit card customer service number. I’m wondering if for the sole purpose of the welcome offer if the business preferred is the route to go as I would get 100,000 chase points instead of 75,000 with the business unlimited - if I can hit the spending requirement of 8,000 in 3 months. I got approved for my chase Ink card because I want to start building my business credit while knocking out a large purchase for my business. I have no business cards at the moment. You have a 3 year old business that generates $2700 per year, probably no business deposit relationship to speak of, and another Chase business card. There is a 1/30 rule guideline (1 card every 30 days) for the business cards, so you want to wait until you're at least past that. Pick the cards that maximize the value of your spending. The Business Platinum also has a $10 monthly credit for wireless phone plans. With no annual fee and you can potentially get more out of the UR points with other Chase cards (CSR/CSP/CIP), I think it's a no brainer. I plan to apply to the CIC since i'm going to start a business soon and plan to use the card for the business related expenses. About $1,000,000+ annual spend and they’ll want to see your books for that sorta stuff to go away. So you could have 4 personal cards and 3 business cards and still have one open 5/24 slot. Chase would follow up with some credit limit reductions across my personal cards. So I'm looking for opinions on what I should do here. Link Your Chase Business and Personal Accounts | Helpful Tips | Chase. I have a Chase business checking with minimal activity, used only for faking DD’s. Chase business trifecta. A subreddit for discussing credit cards. I have 3 credit cards with me now. Nov 21, 2024 · (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: The automated Status Line often shows no record of business card Dec 5, 2024 · Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening; Earn unlimited 1. Definitely worth giving a call. (Personal credit is 820) Issue is the card limit is $6000 but the purchase price of the item i want is $6600. 5% on everything else) Amazon Prime Rewards (5% at Amazon/Whole Foods, but no 0% intro APR offer, also easier to qualify for than "core" Chase credit cards) Chase is IMHO approving SPs with good business credit, a prior banking and/or investment relationship, and a prior credit relationship. This means you actually need to be under 5/24 to be approved . When you apply for a business credit card, you are allowed to list personal income in the income field, and you can use your own name as the business name if you are a sole proprietor. As the title states, I'm looking for recommendations for business cards while I will wait my Chase 5-24 status to open up • Current cards (open): **- [04/17] SYNC/PayPal $5400 [02/20] TDRCS/Samsung $2200 [05/21] SYNC/Venmo $6500 [07/21] Amazon Store Card $2200 [07/21] Chase Amazon Prime $6000 [08/21] BlockFi Visa $5000 Don't fall for the marketing end of credit cards. . If you’re interested in travel points, go with a business credit card affiliated with your favorite hotel chain or airline if you always use the same one. Hit the SUB within the month 2. I'm currently under the 5 card rule for Chase (2 cards in the past few years), the CFU approved on 1/7/21, and the CSP approved on 3/29/21. Since there is no pre-approval and I dont want to have a hard pull for nothing, what I will need to do to increase my approval chances? A subreddit for discussing credit cards. I just run a small business with low expenses (>$25k/yr would be on the card). You are no more or less likely to face audit for simply having the account. 00 balance on ink business cash at time of application for ink business unlimited. As you are 4/24 you could apply for a Chase personal credit card and two Chase business credit cards. Chase took time to reallocate credit from other business cards to my new business card, all before letting me know that I was approved. Current Chase Cards: Freedom Unlimited (10/6/2020); Sapphire Preferred (opened 2/20/22); Ink Business Cash (10/19/2022); Freedom Flex (12/8/22) Applied today 2/23/23 and was denied for having too may applications in 12 months and too many recent applications. My current cards 5% cash back on I'm on the search for a list of which Business Credit Cards report to personal credit reports (balances carried). How much I spend fluctuates from month to month. The main draw of the Southwest card is to get the Southwest personal card + business card (typically in November/December), and the sign up bonus on both cards combined is usually enough points to get a companion pass which means someone can fly free with you on your flights for at least a year, almost two years if you time it right. Our monthly spend is north of that a bit. github. The kicker is that that don’t count against your 5/24. This is my first card outside of a secured capital one card with a $200 limit. If you're approved you'll recieve your card in 7 to 10 business days". Having and using a business credit card has no bearing whatsoever on your tax liability or filing requirements. 8/30 - Called the business application status line (1-800-453-9719 for anyone that needs it, it’s different than the personal), got the automated ‘you will be notified in 2 weeks’ message, which I’ve read is pretty much a accepted but they My favorite cards for cell phone protection are the Amex Platinum and Business Platinum cards -- they don't give me any hassle, and their coverage is applicable for cracked screens (I haven't seen any other cards cover that). Good SUB for Chase business cards. If you have a legitimate business using a card dedicated for business spending can make filing taxes easier, as all you're deductible transactions are in one If you have both a Chase business and a Chase personal card and only one is showing up in Personal Capital, you need to link them. Hi, I'm at 4/24, and I'm gearing up to apply for my next card. I've looked at the following 3 resources, and while very similar, all 3 have differing information:. After signing in, choose the "Profile & Settings" menu in the top right corner. So if anyone has a similar case not to fear it will go to ur business address !!! Thanks to everyone who helped! In order to be approved for any Chase card subject to 5/24, you cannot have opened five or more personal credit cards across all banks in the last 24 months (more on business cards in a moment). They do have insane limits though. They are not obligated and it's expensive for them. 5% rebate but we have a high credit limit on this card, so we use it for that reason. The “business” part refers to the fact that it is a credit card specifically for businesses, and you must be a business to apply for and receive it. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. Having only one personal card with a $200 means you're likely reporting high utilization each month you use it, which has been negatively affecting your credit score. $0. Edit: Forgot Amex business plat for travel. " Some background of me to help: I am a chase customer since 2018 Current cards: - CFU $15,300 Limit, Oct 2019 - CSP $17,300 Limit, March 2023 Chase Freedom Flex (5% rotating categories and cell phone protection benefit when you pay your cell phone bill with the card) Chase Freedom Unlimited (3% on dinning, 1. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. The best business credit cards offer initial bonuses worth $1,000+, ongoing rewards equal to 5% back or more in some cases, free employee cards and other helpful perks. I just got the new Ink Premier card in the mail yesterday. qdf ysu gudzd rzyl mdml ncxfmp meuf wyrwv fyufs aqhv
Chase business credit card reddit. The Chase Ink card has no annual fee.
