Chase Business Credit card 5/24

[blackfines1]

Applied for chase Ink Business Preferred credit card, app denied due to 5/24
From what I know chase do not applied 5/24 to Business credit card, But look like they are tightening the rules for Business card 

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[jcooks]

Chase business cards count towards the Chase 5/24 rule.  I think recent DP's indicate that all of Chase cards are subject to the rule.

[simplynoir]

The 5/24 rule with regards to business cards is a little confusing. If you are already 5/24 or over then you don't qualify to get a Chase card at this time because of said rule. But if you're under 5/24 and apply for a business card then you will be fine and the business card will not count towards 5/24 with an approval

Example: if I'm 5/24 and decide I want to apply for the Chase Ink Preferred they will auto-deny for being at 5/24. If I'm at 3/24 and decide to apply for the same business card they will approve me and I'll still be at 3/24 after it's all said and done since it doesn't count towards their 5/24 rule since business cards do not appear on your personal credit report

[jcooks]

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@simplynoir wrote:

The 5/24 rule with regards to business cards is a little confusing. If you are already 5/24 or over then you don't qualify to get a Chase card at this time because of said rule. But if you're under 5/24 and apply for a business card then you will be fine and the business card will not count towards 5/24 with an approval

Example: if I'm 5/24 and decide I want to apply for the Chase Ink Preferred they will auto-deny for being at 5/24. If I'm at 3/24 and decide to apply for the same business card they will approve me and I'll still be at 3/24 after it's all said and done since it doesn't count towards their 5/24 rule since business cards do not appear on your personal credit report

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I'm pretty sure Chase business cards count towards 5/24 rule.  Even though it does not appear on your personal credit report, Chase still sees all the cards that you've opened with them.  

Nevermind, I just googled it an I am incorrect.

[Anonymous]

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@simplynoir wrote:

The 5/24 rule with regards to business cards is a little confusing. If you are already 5/24 or over then you don't qualify to get a Chase card at this time because of said rule. But if you're under 5/24 and apply for a business card then you will be fine and the business card will not count towards 5/24 with an approval

Example: if I'm 5/24 and decide I want to apply for the Chase Ink Preferred they will auto-deny for being at 5/24. If I'm at 3/24 and decide to apply for the same business card they will approve me and I'll still be at 3/24 after it's all said and done since it doesn't count towards their 5/24 rule since business cards do not appear on your personal credit report

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+1 - Very good explanation

[babygirl1256]

@simplynoir Thanks for clarifying as I'm looking to apply for a "new" business account soon.

[babygirl1256]

@blackfines1 Gosh, sorry you were not approved for the Chase Ink Business Preferred credit card -but- are you able to call the recon department? Wishing you success in being approved for a Chase business card.

[blackfines1]

This will help others avoid HP on Chase Business Card

[FinStar]

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@blackfines1 wrote:

This will help others avoid HP on Chase Business Card

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An option to keep in mind when it comes to 5/24, if you receive any black star/green check mark pre-approved offers online with a single APR (no spread), then these typically can bypass the 5/24 restriction, on business and/or personal cards.

[RealEstateGuy89]

An option to keep in mind when it comes to 5/24, if you receive any black star/green check mark pre-approved offers online with a single APR (no spread), then these typically can bypass the 5/24 restriction, on business and/or personal cards.

That's very good to know. Thanks!