topic Chase Ink and internal limit in Business Credit

Chase Ink and internal limit

core — Thu, 11 Jun 2015 10:58:21 GMT

Does the Ink count against your Chase internal limit? I used my own name and SS#.

Due to a surprising approval with no calls required, I'm now just shy of $40k with Chase and there's no way they're going to give me a cent more... if it counts. I'm wondering if I should just CLD it now before it reports so I'm set for my next Chase app. Next time I don't want to have to call recon to transfer limits and I'd rather avoid human eyes on my account.

Re: Chase Ink and internal limit

Anonymous — Thu, 11 Jun 2015 11:04:32 GMT

Chase Ink does not report to consumer credit bureaus unless there is a negative. Internally it is already on the system. So ... follow your concern but what now?

Re: Chase Ink and internal limit

core — Thu, 11 Jun 2015 11:16:27 GMT

@Spider15 wrote:
Chase Ink does not report to consumer credit bureaus unless there is a negative. Internally it is already on the system. So ... follow your concern but what now?

Oh, I wasn't aware it doesn't report even for sole props. Still though, the question remains: Does an Ink count against your internal Chase exposure limit for your personal cards too? Like if I were to apply for the Southwest card right now, I'd be denied because I'm at my $40k internal limit. But if the Ink doesn't even count then I have nothing to worry about and should leave everything alone.

Re: Chase Ink and internal limit

CreditUnionFan — Thu, 11 Jun 2015 15:50:40 GMT

@core wrote:
@Spider15 wrote:
Chase Ink does not report to consumer credit bureaus unless there is a negative. Internally it is already on the system. So ... follow your concern but what now?
Oh, I wasn't aware it doesn't report even for sole props. Still though, the question remains: Does an Ink count against your internal Chase exposure limit for your personal cards too? Like if I were to apply for the Southwest card right now, I'd be denied because I'm at my $40k internal limit. But if the Ink doesn't even count then I have nothing to worry about and should leave everything alone.

I was recently denied the Ink Cash. One of the reasons they cited was that I had reached the limit that Chase was willing to lend.

I wouldn't voluntarily CLD a card, and would just leave things as they are, especially because if you apply for a co-branded card, they may ask you to reallocate the credit line to open the new co-branded card.

Re: Chase Ink and internal limit

Anonymous — Thu, 11 Jun 2015 22:56:34 GMT

Dont worry be happy!

Re: Chase Ink and internal limit

UFGuy2006 — Fri, 12 Jun 2015 03:29:23 GMT

It does - you can ask to reallocate from another card but they will grill you about the business before hand.

Re: Chase Ink and internal limit

core — Fri, 12 Jun 2015 05:47:14 GMT

@CreditUnionFan wrote:
I was recently denied the Ink Cash. One of the reasons they cited was that I had reached the limit that Chase was willing to lend.

I wouldn't voluntarily CLD a card, and would just leave things as they are, especially because if you apply for a co-branded card, they may ask you to reallocate the credit line to open the new co-branded card.

Thanks, that answers that with 100% certainty. Rats. I will probably CLD my limit in half before my next app because I'd rather have instant approvals than big limits. I really don't need to be questioned by Chase about why I've closed so many of their accounts in the past 2 years. And calling for recon is never fun for me. Not my thing I guess. If it can be easily avoided.

UFGuy2006- Why would they grill me about my business when taking limit away from the business card? I'm already approved for the business card, but the issue will arise when I apply for a personal co-branded card. I will be shocked if they want to question me about the business after I've already had the Ink card 6 months.

Not that I'm worried about that. Business is legit, if a bit on the low revenue side for them ($80k). I heard about some other guy getting denied with those exact same revenue figures for that being too low. It really ticks me off these people are all about gross sales rather than profit. I'm a service business, so virtually 100% profit. Someone that does $900k in sales but $880k in expenses for only $20k profit is less of a risk than me? I think not.