topic Re: Chase Ink Unlimited Decline in Business Credit

Chase Ink Unlimited Decline

Five6Two — Mon, 20 Apr 2020 19:28:59 GMT

Hi everyone, thought I'd share a DP. After confirming and re-confirming that I was under 5/24, I applied for Chase Ink Unlimted. Got denial page and 7-10 message status. HP on Exp, nothing on TU, sometimes EQ lags but no alerts from them at the moment. FICO 8 on EX is 775, income six figures, dti around 27%. But, from what I was told on recon line - my business is too new. I had a feeling I should have applied sole-prop...in any case business is about 2 years old but only incorporated since 09/19. I tried explaining that but the nice lady said there wasn't anything she can do about it. Womp Womp. Guess I will make my way over to that AOD thread...

Re: Chase Ink Unlimited Decline

MyFault — Mon, 20 Apr 2020 22:35:36 GMT

They're tightening up on business credit.
It sounds like you're simply a part of the statistic right now. I'd wait until this "situation" blows over and try again.

Re: Chase Ink Unlimited Decline

Anonymous — Tue, 21 Apr 2020 01:46:38 GMT

@Five6Two wrote:
Hi everyone, thought I'd share a DP. After confirming and re-confirming that I was under 5/24, I applied for Chase Ink Unlimted. Got denial page and 7-10 message status. HP on Exp, nothing on TU, sometimes EQ lags but no alerts from them at the moment. FICO 8 on EX is 775, income six figures, dti around 27%. But, from what I was told on recon line - my business is too new. I had a feeling I should have applied sole-prop...in any case business is about 2 years old but only incorporated since 09/19. I tried explaining that but the nice lady said there wasn't anything she can do about it. Womp Womp. Guess I will make my way over to that AOD thread...

@Five6Two wrote:
... from what I was told on recon line - my business is too new ...

Sorry about the decline & thanks for sharing the DPs.

I think with your profile I'd definitely recon. Failing that, probably grab a card on the personal side to be positioned for business preapprovals. Then collect the Ink 6-12 months from now.

Re: Chase Ink Unlimited Decline

Five6Two — Tue, 21 Apr 2020 21:32:26 GMT

Yeah, I was even more bummed when I saw my internal score with them: 847. This is the letter I received, will try to recon when I get the physical letter. I did apply for Chase Freedom Unlimited though (I am going to have DW apply for Sapphire later, her profile supports it more) and was approved for a $11.4k CL.