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Chase Business cards starting limit!

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John95
Member

Chase Business cards starting limit!

Hello there!
I applied for 2 Chase Business cards recently(Ink preferred and Ink Cash) but I was given only $5k on each card!
But my other two Chase cards got higher limits(Freedom Unlimited $8k and Saphire Preferred $23k).
Now my score is higher than before and so is the income but still i was given very low limits?
Can anyone tell me why?
And how much profit should I put in the application?
My fico score is 770 and income $176k
Thanks
3 REPLIES 3
Anonymous
Not applicable

Re: Chase Business cards starting limit!

Hello, and welcome.

How far apart were the two apps? Chase has a thing with people double apping, so I hope it works out for you.

Also, how long have you had the Freedom Unlimted and Sapphire Preferred before the BIZ apps? And do you have other non Chase BIZ acounts, or BIZ credit file? Or was it done by PG? That is the info that determines what they give you.

 

A likely scenario is that you were given the CL's they were compfortable with at this time. So even putting in $300K wouldn't have mattered.

As for profits, you enter the exact amount you bring in, no more no less. You're not providing an amount you think they might like so they'll  reward you with high CLs. 

 

They base their decision off the data pulled from both BIZ and Personal CRA's.

 

Message 2 of 4
John95
Member

Re: Chase Business cards starting limit!

I applied for both on the same day.I first applied for the Ink Preferred and I was given the 30 day message.I called Recon and they verified and said I was approved for $5k.
After the approval I applied for the Ink cash and got the same 30 day message.Called them again and again they verified then gave me the same $5k.
I opened Freddom Unlimited around 6 months ago and Preferred like 4/5 months ago.
I dont have any Business checking account
Message 3 of 4
KELSTAR
Regular Contributor

Re: Chase Business cards starting limit!

Just take a look at my signature.

 

Chase has been my friend way over 5/24! They like my profile, but I gardened the relationship for a year.

 

YMMV

 

Peace all!

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21
Message 4 of 4
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