topic Re: The Quest For Chase Ink.. in Business Credit

The Quest For Chase Ink..APPROVED

Credit-hoarder — Thu, 28 Mar 2019 20:13:46 GMT

A LITTLE BACKSTORY: Last time I app'ed in August--I was told they'd need further proof of my business...so I aborted the mission and decided to wait until Spring of this year.
Yesterday I went into a branch and was told before I app'ed basically the same thing. The business banker researched and said I could go to my county courthouse and get a notarized "Doing Business As" certificate--and that would suffice for the application. Got it and went back to the branch this morning. Decided to do what I've read here on the forum and opened a business checking acct. ($300 bonus available after 6 qualifying transactions). Banker told me afterward I had a pre-approval for one of the INK cards AND at the lowest APR-15.74% (wasn't expecting that) so I went with the 5% selected categories no AF card. So long story short--all forms have been completed--and now just waiting for underwriting to be able to view my DBA certificate for final approval...the banker said she should know by 4:00 today and she'd call me back around 6:00. Will update the thread later with their final decision and SL if approved.
UPDATE: Checked online a few minutes ago with my new bus. log-in: the new card was there with a $7k CL. Now I've got a big decision to make with my Freedom and CSP--keep or transfer the limit(s) over to INK and let go....?

Re: The Quest For Chase Ink..

imaximous — Thu, 28 Mar 2019 18:44:13 GMT

hope all goes well!

what were your stats at time of approval?

Re: The Quest For Chase Ink..

Credit-hoarder — Thu, 28 Mar 2019 18:57:01 GMT

@imaximous wrote:
hope all goes well!
what were your stats at time of approval?

Thanks inaximous--but still a pre-approval at this point. 711 on EX and 713 on EQ--they pulled both. Chase usually double-hits me on ALL credit requests.

Re: The Quest For Chase Ink..

imaximous — Thu, 28 Mar 2019 19:08:02 GMT

@Credit-hoarder wrote:
@imaximous wrote:
hope all goes well!
what were your stats at time of approval?
Thanks inaximous--but still a pre-approval at this point. 711 on EX and 713 on EQ--they pulled both. Chase usually double-hits me on ALL credit requests.

Those pre-aprovals tend to be pretty solid from all the posts I've read around here.

How about your 5/24 count? I noticed you have a ton of cards, so I was just wondering.

Re: The Quest For Chase Ink..

Credit-hoarder — Thu, 28 Mar 2019 19:26:29 GMT

@imaximous wrote:
@Credit-hoarder wrote:
@imaximous wrote:
hope all goes well!
what were your stats at time of approval?
Thanks inaximous--but still a pre-approval at this point. 711 on EX and 713 on EQ--they pulled both. Chase usually double-hits me on ALL credit requests.
Those pre-aprovals tend to be pretty solid from all the posts I've read around here.
How about your 5/24 count? I noticed you have a ton of cards, so I was just wondering.

Currently at 4/24 before this app today. Most of those cards are 3-5 years old. I need to get rid of between 5 and 10 of them--lots of them I barely use if at all. Pending this INK decision my Freedom and CSP may be among them.

Re: The Quest For Chase Ink..

SouthJamaica — Thu, 28 Mar 2019 19:55:36 GMT

@Credit-hoarder wrote:
A LITTLE BACKSTORY: Last time I app'ed in August--I was told they'd need further proof of my business...so I aborted the mission and decided to wait until Spring of this year.
Yesterday I went into a branch and was told before I app'ed basically the same thing. The business banker researched and said I could go to my county courthouse and get a notarized "Doing Business As" certificate--and that would suffice for the application. Got it and went back to the branch this morning. Decided to do what I've read here on the forum and opened a business checking acct. ($300 bonus available after 6 qualifying transactions). Banker told me afterward I had a pre-approval for one of the INK cards AND at the lowest APR-15.74% (wasn't expecting that) so I went with the 5% selected categories no AF card. So long story short--all forms have been completed--and now just waiting for underwriting to be able to view my DBA certificate for final approval...the banker said she should know by 4:00 today and she'd call me back around 6:00. Will update the thread later with their final decision and SL if approved.

Good luck with it. A Chase Ink card is the one thing that could get me out of the garden at this point. That's the one card I could really use that I don't have.

Re: The Quest For Chase Ink..

Credit-hoarder — Thu, 28 Mar 2019 20:09:35 GMT

@SouthJamaica: Have you talked to a business banker lately? I remember reading a while back you opened a bus. checking acct. so by now you could have a pre-approval waiting as well. Your scores (and probably income) are better than mine.

Re: The Quest For Chase Ink..APPROVED

LittleSal — Thu, 28 Mar 2019 20:38:08 GMT

Congrats! Great approval. If I can ever get to 4/24 I’m going for the Ink!

Double HP?

Re: The Quest For Chase Ink..APPROVED

Credit-hoarder — Thu, 28 Mar 2019 20:41:32 GMT

@LittleSal wrote:
Congrats! Great approval. If I can ever get to 4/24 I’m going for the Ink!

Double HP?

Thanks---and yep--double HP. Chase hits my EX and EQ ANYTIME I app for any kind of new credit.

Re: The Quest For Chase Ink..

SouthJamaica — Thu, 28 Mar 2019 21:07:09 GMT

@Credit-hoarder wrote:
@SouthJamaica: Have you talked to a business banker lately? I remember reading a while back you opened a bus. checking acct. so by now you could have a pre-approval waiting as well. Your scores (and probably income) are better than mine.

Yeah and I asked him to keep his eye open for any preapprovals. But I doubt he's paying much attention to me

Re: The Quest For Chase Ink..

Credit-hoarder — Fri, 29 Mar 2019 01:55:25 GMT

@SouthJamaica wrote:
@Credit-hoarder wrote:
@SouthJamaica: Have you talked to a business banker lately? I remember reading a while back you opened a bus. checking acct. so by now you could have a pre-approval waiting as well. Your scores (and probably income) are better than mine.
Yeah and I asked him to keep his eye open for any preapprovals. But I doubt he's paying much attention to me

You'll probably need to go into the branch and get a different banker. Pretty sure you're bound to have a pre-approval somewhere if I had one.

Re: The Quest For Chase Ink..

MB54 — Fri, 29 Mar 2019 03:12:41 GMT

Hello - South Jamaica

I opened a Chase business checking account the other day and did not recieve a pre-approval, how is a preapproval is generated wit Chase when a person open a business checking account?

Re: The Quest For Chase Ink..

SouthJamaica — Fri, 29 Mar 2019 03:20:15 GMT

@Credit-hoarder wrote:
@SouthJamaica wrote:
@Credit-hoarder wrote:
@SouthJamaica: Have you talked to a business banker lately? I remember reading a while back you opened a bus. checking acct. so by now you could have a pre-approval waiting as well. Your scores (and probably income) are better than mine.
Yeah and I asked him to keep his eye open for any preapprovals. But I doubt he's paying much attention to me
You'll probably need to go into the branch and get a different banker. Pretty sure you're bound to have a pre-approval somewhere if I had one.

Thanks. I actually did have an in-branch preapproval a few weeks ago, but it was for a Freedom card, which I don't need.

Re: The Quest For Chase Ink..

SouthJamaica — Fri, 29 Mar 2019 03:21:13 GMT

@MB54 wrote:
Hello - South Jamaica

I opened a Chase business checking account the other day and did not recieve a pre-approval, how is a preapproval is generated wit Chase when a person open a business checking account?

I'm the wrong person to ask, since I don't have one

Re: The Quest For Chase Ink..

MB54 — Fri, 29 Mar 2019 03:26:22 GMT

Thank you....

MB54

Re: The Quest For Chase Ink..APPROVED

SouthJamaica — Fri, 29 Mar 2019 03:26:47 GMT

UPDATE: Checked online a few minutes ago with my new bus. log-in: the new card was there with a $7k CL. Now I've got a big decision to make with my Freedom and CSP--keep or transfer the limit(s) over to INK and let go....?

I say keep them. Now you have a Chase Trifecta! 3 cards feeding your UR pool. You can travel in the style to which you'd like to become accustomed.

Here's a good article about the great card you just picked up:

https://thepointsguy.com/guide/reasons-to-get-chase-ink-cash-card/

Re: The Quest For Chase Ink..APPROVED

Credit-hoarder — Fri, 29 Mar 2019 07:04:07 GMT

@SouthJamaica wrote:

UPDATE: Checked online a few minutes ago with my new bus. log-in: the new card was there with a $7k CL. Now I've got a big decision to make with my Freedom and CSP--keep or transfer the limit(s) over to INK and let go....?
I say keep them. Now you have a Chase Trifecta! 3 cards feeding your UR pool. You can travel in the style to which you'd like to become accustomed.

Here's a good article about the great card you just picked up:
https://thepointsguy.com/guide/reasons-to-get-chase-ink-cash-card/

Thanks for the suggestion SJ. But the fact of the matter is I hardly ever use Freedom and CSP--plus I need to do some SERIOUS fat trimming anyway. I can get more than enough UR pts. with the INK alone just paying my cable + cell phone every month ($300x 5 URs right there alone).

Freedom has a low limit--high APR--and I'm just simply not interested in using the rotating categories enough to keep it. However I am considering a pc from CSP to FU--thus keeping my CSP APR (hopefully) and 4+ year history--still debating that one.
EDIT: Just read the TPG article--looks like CSP at least may get to live for a little while...I need that card at least to collect UR pts. from the INK.

Re: The Quest For Chase Ink..APPROVED

SouthJamaica — Fri, 29 Mar 2019 11:51:08 GMT

@Credit-hoarder wrote:
@SouthJamaica wrote:

UPDATE: Checked online a few minutes ago with my new bus. log-in: the new card was there with a $7k CL. Now I've got a big decision to make with my Freedom and CSP--keep or transfer the limit(s) over to INK and let go....?
I say keep them. Now you have a Chase Trifecta! 3 cards feeding your UR pool. You can travel in the style to which you'd like to become accustomed.

Here's a good article about the great card you just picked up:
https://thepointsguy.com/guide/reasons-to-get-chase-ink-cash-card/

Thanks for the suggestion SJ. But the fact of the matter is I hardly ever use Freedom and CSP--plus I need to do some SERIOUS fat trimming anyway. I can get more than enough UR pts. with the INK alone just paying my cable + cell phone every month ($300x 5 URs right there alone).

Freedom has a low limit--high APR--and I'm just simply not interested in using the rotating categories enough to keep it. However I am considering a pc from CSP to FU--thus keeping my CSP APR (hopefully) and 4+ year history--still debating that one.
EDIT: Just read the TPG article--looks like CSP at least may get to live for a little while...I need that card at least to collect UR pts. from the INK.

I hadn't even thought of that.

Re: The Quest For Chase Ink..APPROVED

imaximous — Fri, 29 Mar 2019 13:06:59 GMT

@Credit-hoarder wrote:
@SouthJamaica wrote:

UPDATE: Checked online a few minutes ago with my new bus. log-in: the new card was there with a $7k CL. Now I've got a big decision to make with my Freedom and CSP--keep or transfer the limit(s) over to INK and let go....?
I say keep them. Now you have a Chase Trifecta! 3 cards feeding your UR pool. You can travel in the style to which you'd like to become accustomed.

Here's a good article about the great card you just picked up:
https://thepointsguy.com/guide/reasons-to-get-chase-ink-cash-card/

Thanks for the suggestion SJ. But the fact of the matter is I hardly ever use Freedom and CSP--plus I need to do some SERIOUS fat trimming anyway. I can get more than enough UR pts. with the INK alone just paying my cable + cell phone every month ($300x 5 URs right there alone).

Freedom has a low limit--high APR--and I'm just simply not interested in using the rotating categories enough to keep it. However I am considering a pc from CSP to FU--thus keeping my CSP APR (hopefully) and 4+ year history--still debating that one.
EDIT: Just read the TPG article--looks like CSP at least may get to live for a little while...I need that card at least to collect UR pts. from the INK.

You don't need the CSP to collect UR points from other cards, but the value is definitely higher when you transfer other UR points to it. Either 1.25x if redeemed for travel on the portal or the ability to transfer to airline/hotel partners, which is where I find the highest value.

You could move the Ink points to a different UR earning card as well, but the value would be 1:1 and no transfer to partners.

I'm not sure if you value UR as a travel currency since it seems like you don't use the other cards, but I'd say that's where the real value is.

Re: The Quest For Chase Ink..APPROVED

Credit-hoarder — Sat, 30 Mar 2019 03:23:17 GMT

@inaximous: Yeah--what you said about pairing CSP with INK is what I actually meant. If I wanted to get the most out of my INK pts. it's best to have CSP to transfer the pts. over to for travel purposes. Besides in looking at the application now for CSP--it now comes with a range of APRs from 18.24% to 25.xx%--whereas when I got mine almost 5 years ago it was one set APR for all applicants. I decided to hang onto mine b/c I currently have the lowest APR available for that card--and if I were to close mine and re-apply later I could get stuck with the highest one instead.