@AceTen wrote:Sorry for the second reply and congrats again. I forgot to ask... Was this your first business card? Do you have any other business credit. Thanks in advance.
I have the AMEX Blue Business Cash I applied for last July with a $9k limit that I used to buy a large item in the fall and have been making over the minumum payments on it since, but it still carrries a balance of over 50%. I also recently got the Wells Fargo Active cash since my business banking is with WF, and that one is rather new and a smaller limit of $5.5k and I've only used it once - the score they pulled for that one was 790, but I'm not sure if it was linked to my personal credit becuase my personal is sitting somewhere right around there too, or if that was representative of my business credit (don't have it straight which companies use personal credit info to make decisions) So yes, I know I do have young business credit established, but I'm not positive what that number is. I guess it could be that 790 Wells Fargo pulled - I did get hit with an inquiry on my personal report for that app though... so moral of the story - I'm not sure about what the score they saw was, but I did have some credit history with that AMEX card.
US Bank Cash + $8,700
Starting Score: 657
@AceTen wrote:
@_bobby_lee wrote:
@AceTen wrote:Sorry for the second reply and congrats again. I forgot to ask... Was this your first business card? Do you have any other business credit. Thanks in advance.
I have the AMEX Blue Business Cash I applied for last July with a $9k limit that I used to buy a large item in the fall and have been making over the minumum payments on it since, but it still carrries a balance of over 50%. I also recently got the Wells Fargo Active cash since my business banking is with WF, and that one is rather new and a smaller limit of $5.5k and I've only used it once - the score they pulled for that one was 790, but I'm not sure if it was linked to my personal credit becuase my personal is sitting somewhere right around there too, or if that was representative of my business credit (don't have it straight which companies use personal credit info to make decisions) So yes, I know I do have young business credit established, but I'm not positive what that number is. I guess it could be that 790 Wells Fargo pulled - I did get hit with an inquiry on my personal report for that app though... so moral of the story - I'm not sure about what the score they saw was, but I did have some credit history with that AMEX card.
Thank you for the information. That is exactly what I wanted to know. Your business profile sounds sort of similar to mine as my first business card was about 6 months ago (US BANK triple cash) and my second is only a few onths old (FNBO evergreen). Maybe I have hope of getting the INK sooner than I thought! Good luck to you.
You're very welcome, and best of luck to you as you decide when to hit that "submit" button for the Ink. As long as you are 1/12, 5/24 then you'll def get approved, but no telling what the limit would be. Honestly I don't feel like I deserved that limit - after you mentioned looking at other people's CLs in their signatures I did the same and saw several who's business revenue was waaayyy higher than mine and they got $3-4k limits.. really puzzled what data they saw that gave me favor since clearly it's not just revenue based. If I had to speculate, it could be the fact that I'm AZEO and paying a lot more than the minimum every month. Good luck!
@_bobby_lee wrote:
@AceTen wrote:Sorry for the second reply and congrats again. I forgot to ask... Was this your first business card? Do you have any other business credit. Thanks in advance.
I have the AMEX Blue Business Cash I applied for last July with a $9k limit that I used to buy a large item in the fall and have been making over the minumum payments on it since, but it still carrries a balance of over 50%. I also recently got the Wells Fargo Active cash since my business banking is with WF, and that one is rather new and a smaller limit of $5.5k and I've only used it once - the score they pulled for that one was 790, but I'm not sure if it was linked to my personal credit becuase my personal is sitting somewhere right around there too, or if that was representative of my business credit (don't have it straight which companies use personal credit info to make decisions) So yes, I know I do have young business credit established, but I'm not positive what that number is. I guess it could be that 790 Wells Fargo pulled - I did get hit with an inquiry on my personal report for that app though... so moral of the story - I'm not sure about what the score they saw was, but I did have some credit history with that AMEX card.
Almost all issuers of business credit cards will pull your personal credit, and it was certainly a personal credit score as opposed to a business score.
Congrats on your Chase Ink approval!
@EAJuggalo wrote:Rather than looking at that SUB as $750, look at in the course of 75,000 UR. That paired with a Chase Premium card, CSR, CSP or Ink Preferred, could get you to Europe in the front of plane. Or a week at a nice hotel.
That's so true. Thanks for the reminder! I may just have to pull the trigger early on the new camera I've been eyeing.
CONGRATZ!!!
Git 'em!!!
