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Valued Contributor
red259
Posts: 1,446
Registered: ‎06-05-2013

Ink Bold

I am considering applying for an ink bold for my business. I am a sole prop but my business is completely legit, although the business accounts are kept with  a bank other than Chase. I recently applied for a CSP and was denied due to lack of open revolving credit accounts, although I have heard from Chase that the standards are a bit less stringent for their business cards. I recently obtained a C1 Venture 5k and Chase Freedom 3k to build up my credit. The problem is I do not really want to run my business expenses through personal cards and I am missing out on the benefits of paying the specific business charges with the bold (e.g., phones, internet, office supplies etc). I was thinking about going into the branch once my new accounts show up on the credit report and speaking with someone face to face. I don't really want another HP at this point (I'm at 3), but I am nor sure if it will really matter because I am waiting until Jan for new personal applications anyway. Is it worth a shot or unlikely given what happened with my CSP application on recon?


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Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

Re: Ink Bold


red259 wrote:

I am considering applying for an ink bold for my business. I am a sole prop but my business is completely legit, although the business accounts are kept with  a bank other than Chase. I recently applied for a CSP and was denied due to lack of open revolving credit accounts, although I have heard from Chase that the standards are a bit less stringent for their business cards. I recently obtained a C1 Venture 5k and Chase Freedom 3k to build up my credit. The problem is I do not really want to run my business expenses through personal cards and I am missing out on the benefits of paying the specific business charges with the bold (e.g., phones, internet, office supplies etc). I was thinking about going into the branch once my new accounts show up on the credit report and speaking with someone face to face. I don't really want another HP at this point (I'm at 3), but I am nor sure if it will really matter because I am waiting until Jan for new personal applications anyway. Is it worth a shot or unlikely given what happened with my CSP application on recon?


I would skip the trip to the bank... Chase is to big in my opinion to get a hold of anyone at branch level with any authority unless you have some serious money with them.

Besides Chase Business has a WHOLE different underwriting which you can call if you don't get an instant approval and recon it.

I would say you should be fine considering it is a pay in full card.

Be sure to find the best bonus out

If they say no, Amex won't! go with them!

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Contributor
gstq34
Posts: 116
Registered: ‎06-08-2013

Re: Ink Bold

[ Edited ]

I recon'd my INK denial - got it approved.  Worth a try over the phone.  Use #s in the sticky in this forum then tell them you need your business application reconsidered.  You will be warm transferred.



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Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Ink Bold


red259 wrote:

I am considering applying for an ink bold for my business. I am a sole prop but my business is completely legit, although the business accounts are kept with  a bank other than Chase. I recently applied for a CSP and was denied due to lack of open revolving credit accounts, although I have heard from Chase that the standards are a bit less stringent for their business cards. I recently obtained a C1 Venture 5k and Chase Freedom 3k to build up my credit. The problem is I do not really want to run my business expenses through personal cards and I am missing out on the benefits of paying the specific business charges with the bold (e.g., phones, internet, office supplies etc). I was thinking about going into the branch once my new accounts show up on the credit report and speaking with someone face to face. I don't really want another HP at this point (I'm at 3), but I am nor sure if it will really matter because I am waiting until Jan for new personal applications anyway. Is it worth a shot or unlikely given what happened with my CSP application on recon?


Chase will need a new HP for your Ink app. There's really no exception to this.

 

Because you just got your Freedom card, and got denied for your CSP, I honestly do not recommend you try to apply anything from Chase for the next 3-6 months. At this rate you are going to be flagged as high risk and will get AA. It's always a very bad idea to try go on a spree with any lender, especially if you just got denied or have your accounts with them only recently. Just do a forums search and you can see many examples where people got all their accounts closed as a result. Use your Freedom for the next 6-12 months, and your chances will be much much better.

 

 

 

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Valued Contributor
red259
Posts: 1,446
Registered: ‎06-05-2013

Re: Ink Bold

Yea. I decided to wait on the bold for at least six months, maybe more.


Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 730 6/27/14
Goal Score: 800 In garden until 1/2015
Contributor
kilj0y
Posts: 135
Registered: ‎05-25-2013

Re: Ink Bold

I say do it! I applied for a CSP and got the auto approval, then a week later applied for the Slate but got a 8-10 recon but got a denial, then applied for the Ink Bold a few days later got the 8-10 recon and got an approval. If its only 3 apps with chase they are fine.




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