topic Re: Chase Ink Plus WE MC in Credit Cards

Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 16:01:15 GMT

I'm starting a small business, so against my previous stance (app free until 2014), I applied for an Ink Plus WE MC the night before last. I Initially got the 7-10 message, so I called the recon line yesterday morning. Spoke to a really nice representative who stated that I had reached the amount of credit ($34K) that Chase was willing to extend to me at this time...He did however allow me to move credit around on my existing cards, and approved me nontheless for $5K. I had more than enough credit on my existing cards, and I'm more concerned with the earning power of the ink plus, so moving credit around was no biggie. Now to figure out what to spend $5K on within the next 3 months to earn the 50K bonus...So now I'm "officially" back in the garden until 2014

Re: Chase Ink Plus WE MC

navigatethis12 — Tue, 26 Feb 2013 16:03:10 GMT

Lucky. I offered to move credit to open the card and they still said no . Enjoy the card.

Re: Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 16:07:45 GMT

@navigatethis12 wrote:
Lucky. I offered to move credit to open the card and they still said no . Enjoy the card.

Thanks! I'm really excited...Out of curiosity, how many chase cards do you have, how long have you had them, and what are the limits?

Re: Chase Ink Plus WE MC

navigatethis12 — Tue, 26 Feb 2013 16:24:02 GMT

@Anonymous wrote:
Thanks! I'm really excited...Out of curiosity, how many chase cards do you have, how long have you had them, and what are the limits?

Three. The Chase Ink Classic is at 5000, Freedom at 4000, and Amazon at 1300. I've had the Amazon and Freedom for a little over one year and the Ink since June last year. So as you can see I don't have much credit with them at all.

Re: Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 16:42:07 GMT

Ahh, interesting...Maybe just give it a little more time and usage. I'm sure you'll be fine.

Re: Chase Ink Plus WE MC

SamsungHDTV — Tue, 26 Feb 2013 17:07:14 GMT

congrats on the chase ink, its a good small business card

Re: Chase Ink Plus WE MC

navigatethis12 — Tue, 26 Feb 2013 17:11:52 GMT

Yeah, Ill probably apply next year. With 23 inquiries on Experian, I really need to stop applying, haha. I really just wanted the bonus and no interest; inventory is expensive. Im still jealous of your lines though

Re: Chase Ink Plus WE MC

Epcot — Tue, 26 Feb 2013 18:09:09 GMT

Nice going, Congrats!

Re: Chase Ink Plus WE MC

scenery_guy — Tue, 26 Feb 2013 19:23:10 GMT

@Anonymous wrote:
I'm starting a small business, so against my previous stance (app free until 2014), I applied for an Ink Plus WE MC the night before last. I Initially got the 7-10 message, so I called the recon line yesterday morning. Spoke to a really nice representative who stated that I had reached the amount of credit ($34K) that Chase was willing to extend to me at this time...He did however allow me to move credit around on my existing cards, and approved me nontheless for $5K. I had more than enough credit on my existing cards, and I'm more concerned with the earning power of the ink plus, so moving credit around was no biggie. Now to figure out what to spend $5K on within the next 3 months to earn the 50K bonus...So now I'm "officially" back in the garden until 2014

Don't forget You get 2x points on gas and 5x points on office supplies, internet, land line and cell bills. I could suggest you feel out a local Office Depot and purchase a few VIsa gift cards using your Ink card and then spend those cards elsewhere when and where you could only earn 1 point. Just don't go to heavy on that trick and they are getting wise to it.

Also free (free!) AU cards for "employees" with the Ink. No SSN needed, they ask but you can just fill in name and leave the SSN blank and they will issue card. I have called and also filled in the request online. The AU cards do not report to your credit (just like all Ink products) and with or without a SSN they do not report to the user's report.

Re: Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 20:20:41 GMT

@scenery_guy wrote:
@Anonymous wrote:
I'm starting a small business, so against my previous stance (app free until 2014), I applied for an Ink Plus WE MC the night before last. I Initially got the 7-10 message, so I called the recon line yesterday morning. Spoke to a really nice representative who stated that I had reached the amount of credit ($34K) that Chase was willing to extend to me at this time...He did however allow me to move credit around on my existing cards, and approved me nontheless for $5K. I had more than enough credit on my existing cards, and I'm more concerned with the earning power of the ink plus, so moving credit around was no biggie. Now to figure out what to spend $5K on within the next 3 months to earn the 50K bonus...So now I'm "officially" back in the garden until 2014
Don't forget You get 2x points on gas and 5x points on office supplies, internet, land line and cell bills. I could suggest you feel out a local Office Depot and purchase a few VIsa gift cards using your Ink card and then spend those cards elsewhere when and where you could only earn 1 point. Just don't go to heavy on that trick and they are getting wise to it.

Also free (free!) AU cards for "employees" with the Ink. No SSN needed, they ask but you can just fill in name and leave the SSN blank and they will issue card. I have called and also filled in the request online. The AU cards do not report to your credit (just like all Ink products) and with or without a SSN they do not report to the user's report.

Awesome! Thank you!...So it won't show up on my credit reports? Even better...

Re: Chase Ink Plus WE MC

scenery_guy — Tue, 26 Feb 2013 22:38:10 GMT

Besides the initial pull on whatever agency they pulled to open your account you will never see this card report to your personal, no limit, no UTL, nothing (unless you default and then all bets are off - but that's not going to happen).

It will report to business credit report (oh no, not another set of reports to watch). I believe Experian and Equifax both build business reports as well as Dun & Bradstreet. Nothing much to see with them either.

Re: Chase Ink Plus WE MC

myjourney — Tue, 26 Feb 2013 22:43:16 GMT

@scenery_guy wrote:
Besides the initial pull on whatever agency they pulled to open your account you will never see this card report to your personal, no limit, no UTL, nothing (unless you default and then all bets are off - but that's not going to happen).

It will report to business credit report (oh no, not another set of reports to watch). I believe Experian and Equifax both build business reports as well as Dun & Bradstreet. Nothing much to see with them either.

Correct 3 more to watch

Re: Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 22:46:46 GMT

Love this site! Great info, thanks!

Re: Chase Ink Plus WE MC

Anonymous — Tue, 26 Feb 2013 22:49:00 GMT

Wait 30 days and ask for cli to 20k.You will get it

Re: Chase Ink Plus WE MC

Anonymous — Wed, 27 Feb 2013 00:26:11 GMT

So if you apply for any Chase Ink it won't help improve your FICO?

Re: Chase Ink Plus WE MC

scenery_guy — Wed, 27 Feb 2013 02:26:35 GMT

@Anonymous wrote:
So if you apply for any Chase Ink it won't help improve your FICO?

Nope, in fact it hurts it as it costs you a HP (if you value those). If you receive the card that's the end of it showing on your personal records.

But it will help improve your business credit. And I'm betting those that apply for a business card want to improve (not rebuild - just improve) their business credit - and pocket a nice card with great customer service and rewards geared to business people.