topic Applying for a 2nd Ink ? in Business Credit

Applying for a 2nd Ink ?

Blender — Fri, 15 Dec 2023 15:34:32 GMT

Approved for CIU 11/24 (1 app every 30 days still a thing?)

Currently $2974/3000 (99%). Don't plan to PIF since 12 months 0%.

4/24

1. Is there a Chase internal score for business cards? If so, where do I find that?

2. What is the likely hood of being approved for a second card with the first having a 99% utilization? (Treated the same as personal cards?)

3. If approved, it would probably be for the same amount, you think?

4. If 2 doesn't matter much, is Chase business side sensitve to INQ? (personal loan)

Thanks

Re: Applying for a 2nd Ink ?

JoeRockhead — Fri, 15 Dec 2023 16:51:18 GMT

Chase will allow up to two approvals within a 30 day window so you're OK there. Having that usage on your current card isn't going to help you, I think quite the opposite. The fastest way to Chase's generosity is to spend well on the card every month, and PIF. There's a strong likelihood they'll reward it with Auto CLIs in as little as 4 months.

Anything over 90% is considered maxed out on your business credit report and hurts your score (on EX business anyway), just as it would with a personal card. I have no idea how to find Chase's internal score.

If you're approved it would likely be for a lesser SL... I got the Unlimited with a $8k SL and the Cash 35 days later with a $4k SL. I'd recommend paying the balance off before applying.

Re: Applying for a 2nd Ink ?

Blender — Fri, 15 Dec 2023 18:54:40 GMT

@JoeRockhead wrote:
Chase will allow up to two approvals within a 30 day window so you're OK there. Having that usage on your current card isn't going to help you, I think quite the opposite. The fastest way to Chase's generosity is to spend well on the card every month, and PIF. There's a strong likelihood they'll reward it with Auto CLIs in as little as 4 months.

Anything over 90% is considered maxed out on your business credit report and hurts your score (on EX business anyway), just as it would with a personal card. I have no idea how to find Chase's internal score.

If you're approved it would likely be for a lesser SL... I got the Unlimited with a $8k SL and the Cash 35 days later with a $4k SL. I'd recommend paying the balance off before applying.

Yeah I know you told me before that PIF is best with them, I ended up tackling some extra bills to take advantage of the 0%. I'll wait to pay the balance down before appyling for the CIC. Thanks