topic Chase business CC and personal relationship? in Business Credit

Chase business CC and personal relationship?

Swatch — Tue, 20 Oct 2020 11:25:52 GMT

I want to apply for a Chase business CC. I read that a guy was told he'd be approved for the CC only if he opened a new business account and placed a minimum amount on deposit. Would having a personal savings account with money on deposit would influence the Chase business approval? Or would they probably not care about that and say I needed to open a business account?

Re: Chase business CC and personal relationship?

OmarGB9 — Tue, 20 Oct 2020 16:04:39 GMT

@Swatch wrote:
I want to apply for a Chase business CC. I read that a guy was told he'd be approved for the CC only if he opened a new business account and placed a minimum amount on deposit. Would having a personal savings account with money on deposit would influence the Chase business approval? Or would they probably not care about that and say I needed to open a business account?

I don't think having some money in a savings account would make any difference unless you parked a substantial amount of money with them (as in millions).

Re: Chase business CC and personal relationship?

FinStar — Wed, 21 Oct 2020 02:25:54 GMT

Unfortunately, opening a business checking account is not necessarily a guarantee of a biz CC approval, regardless of the deposit amount.

There's a variety of factors that Chase tends to look for whenever you decide to apply. One of the main ones is that you're below the 5/24 threshold. If you decide to open a business checking account, you can always check with your banker to determine whether there are any pre-approved biz CC offers.

Re: Chase business CC and personal relationship?

WayneSki — Wed, 21 Oct 2020 02:26:26 GMT

@Swatch wrote:
I want to apply for a Chase business CC. I read that a guy was told he'd be approved for the CC only if he opened a new business account and placed a minimum amount on deposit. Would having a personal savings account with money on deposit would influence the Chase business approval? Or would they probably not care about that and say I needed to open a business account?

I have a Chase business CC, without a chase business account. Or any other Chase account. We didnt even have a Chase bank in my area till recently.

Re: Chase business CC and personal relationship?

randomguy1 — Wed, 21 Oct 2020 13:34:16 GMT

I don't think a business checking account would hurt only because I have seen people list a decline relationship for lack of a business depository account. I wish I rememebered the exact verbiage.

Re: Chase business CC and personal relationship?

Creditaddict — Wed, 21 Oct 2020 15:14:22 GMT

Since Covid, the business does need to be over 24 months old.

No relationship is needed.