Chase Ink Business Cash Approved!!!!

[Citylights18]

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@Anonymous wrote:

Agree. I got a Chase Ink Biz back in Aug, approved for 28k. They just increased it to $10k two days ago. Was somewhat surprised to see this happen so quickly.

I have used it somewhat heavily, and made weekly payments. Always paid down to zero.

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I hope this works for me with my Ink Business Unlimited. Only a 3k SL so I keep having to pay it off with my business checking account.

[credit_is_crack]

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@gingerflower wrote:

Congratulations the chase ink business cash is a great business cc.

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Thanks @gingerflower I've always thought Chase's business cards were the best out there and when I finally decided (and qualified) for one 5/24 was well in effect lol 

[credit_is_crack]

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@Anonymous wrote:

Agree. I got a Chase Ink Biz back in Aug, approved for 28k. They just increased it to $10k two days ago. Was somewhat surprised to see this happen so quickly.

I have used it somewhat heavily, and made weekly payments. Always paid down to zero.

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That's a solid starting limit @Anonymous - I'm pretty sure mine was a borderline approval due to my current exposure with them. They tend to give out limits up to around 50% of your annual income and this addition puts me just at 52%. Considering I'll use it mainly for the 5% categories it will fit nicely in my lineup 

[Anonymous]

I wasn't unhappy with the limit, that's for sure. 

This said, I really do think they're competitng with Amex for my business. I had my Amex Blue Cash first, and it has a very similar limit. I'll never know for sure. 

[Anonymous]

I honestly would be surprised if they don't increase your limit after 60-90 days. I am not 100% sure, but I think paying it off weekly certainly helped in my case.

I don't imagine it hurts to simply ask them for an increase after 60 days, but I am not clear if that'd result in a hard pull, or not.

[credit_is_crack]

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@Anonymous wrote:

I honestly would be surprised if they don't increase your limit after 60-90 days. I am not 100% sure, but I think paying it off weekly certainly helped in my case.

I don't imagine it hurts to simply ask them for an increase after 60 days, but I am not clear if that'd result in a hard pull, or not.

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That's pretty normal for chase. Almost every card I've gotten from them resulted in a small SP CLI within 3 months, mainly to chase the bonus but they saw it as "high activity" so it's a win win. 

[SouthJamaica]

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@credit_is_crack wrote:

Update -- Definitely Approved!! 

I just logged into my chase account on my phone and the card is already there!! 

• Chase Ink Cash Business 
• SL: $4,000
• APR: 13.24% (lowest available) 
• 5% up to $25k on Office Supply Stores & Internet/Cable/Phone services (combined)
• 2% up to $25k on Gas Stations & Restaurants (combined)
• 1% Everything else
• Inquiries in 6/12/24 Months: 2/3/5
• New Accounts in 6/12/24 Months: 0/1/4
• EX F8 799 (dropped to 792 as soon as the inquiry hit) -- this was a single pull
• For reference my TU F8 was 808 and EQ F8 was 781

I might move some of my limits over to this card but this puts me at 5 Chase cards

• Amazon $35,000 (crazy high due to the recent random CLI's they were giving out)
• Freedom $30,000
• Marriott Bonvoy Bold $10,600
• Marriott Business $6,500

I don't care the limit is $4k, but I am OVER THE MOON that I snagged up my last goal card --- I've wanted this bad boy forever! It's the last 5% card that was out of my reach -- Not Today!! 

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Congratulations.  That card is one of my goal cards as well.  Thanks for all the data points.

[Jordan23ww]

Congratulations on your Ink Cash approval! I want to get this too once I'm 4/24! Thank you for all the data points  you shared! 

[Anonymous]

They have actually never increased CL on any of my personal cards. This said, I've also never asked for an increase.

I read somewhere (maybe MyFico Forums) that they are strict about total CL at (or less than) 50% of stated income, and I'm right at that, so I'm not going to rock the boat asking for CLI on my personal cards.

If I've misunderstood that, someone let me know.

[credit_is_crack]

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@Anonymous wrote:

They have actually never increased CL on any of my personal cards. This said, I've also never asked for an increase.

I read somewhere (maybe MyFico Forums) that they are strict about total CL at (or less than) 50% of stated income, and I'm right at that, so I'm not going to rock the boat asking for CLI on my personal cards.

If I've misunderstood that, someone let me know.

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I don't want to say they are strict about it because I've bumped up all the way to about 70%, but they are selective about who they let go above the 50% threshold. 50% just seems to be the standard cap and if your situation permits it they'll definitely keep going upwards.