Approved for second Chase Ink Preferred!

[CreditJim]

Well I wasn't expecting that. I've been using a Chase Ink Preferred and Chase Ink Cash for one business for a couple of years. I put about $5k/month through the Ink Preferred and pay in full each month. The Ink Cash is carrying a 0% balance transfer of $10k.

I have a separate business that has 4 W2 employees and with the demise of the Amex SPG coming in August, I've been wanting to switch the $10k/month spend for that business from the SPG to a Chase card.

I decided to try for a second Chase Ink Preferred. With both the Ink cards for my other business, approval took quite a while, had to provide supporting documents etc. Applied and got the 30-day message. Oh well, I thought. Logged in the next day and a new Ink Preferred showed up under my business checking, with a $28k limit and not so much as a phone call.

Between the two businesses a lot of the spend is on travel, so looking forward to earning lots of UR points!

[pizza1]

Nice approval!! Congrats on the 2nd Ink!!

[avp99]

Congrats! 

[Anonymous]

Congrats!  Did you have to supply a separate EIN? Im looking to do the same except for a subsidiary under my main company.  The subsidiary has its own EIN.  Any info would be great. Thanks. 

[yowhatimean]

Congrats! I got a letter in the mail today saying I had too much credit out for my business card already. So I had to call recon to get them to transfer CL to the new card. They approved me so now I'm good to go.

[CreditJim]

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@Anonymous wrote:

Congrats!  Did you have to supply a separate EIN? Im looking to do the same except for a subsidiary under my main company.  The subsidiary has its own EIN.  Any info would be great. Thanks. 

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Yes, the second company had its own EIN. It also has an established relationship with Chase - we use it for the business checking for that business so they presumably can see the turnover, and the payments going to Amex at the moment!

It was strange for a couple of reasons, I recently applied and was approved for the personal Marriott, and they automatically moved $5k from one of my other personal cards to open it, so I thought I was at my max exposure with Chase. And the first business that already has 2 Ink cards has a total of $45k credit between them, so I was really surprised to have this account open with a $28k and no questions.

I'm wondering if I'll get the sign up bonus again. From the little I can find online, a separate EIN does sound like it gets the SUB again. But if it doesn't then I wanted to switch to this card anyway.

[Anonymous]

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@CreditJim wrote:

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@Anonymous wrote:

Congrats!  Did you have to supply a separate EIN? Im looking to do the same except for a subsidiary under my main company.  The subsidiary has its own EIN.  Any info would be great. Thanks. 

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Yes, the second company had its own EIN. It also has an established relationship with Chase - we use it for the business checking for that business so they presumably can see the turnover, and the payments going to Amex at the moment!

It was strange for a couple of reasons, I recently applied and was approved for the personal Marriott, and they automatically moved $5k from one of my other personal cards to open it, so I thought I was at my max exposure with Chase. And the first business that already has 2 Ink cards has a total of $45k credit between them, so I was really surprised to have this account open with a $28k and no questions.

I'm wondering if I'll get the sign up bonus again. From the little I can find online, a separate EIN does sound like it gets the SUB again. But if it doesn't then I wanted to switch to this card anyway.

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Awesome. That’s a great way to scale up quickly since you’re getting more access to capital especially since they provided you a totally separate line. I’m looking to do the same with the Sams Club MasterCard I have with no pg. I’m hoping the subs can piggyback off the credit from my parent company. 

[BronzeTrader]

Congrats!

It certainly helps if you have a Chase biz checking account for the business.  But Chase is very serious on openning a biz bank account.  It is much harder than openning a CC account.