@lasvegas302 wrote:I have recently applied for Chase Ink Business Cash and was denied.
"Our decision was base on the following reason(s) - Chase deposit account recently overdrawn"
I have Following Accounts with them:
Chase Business Checking (11K-12K deposited Monthly)
Chase Personal Checking ($100 - $300 Laying Around)
Chase Freedom CC ($1000 CL)
Chase Amazon Prime CC ($2500 CL)
I have to admit that it has been multiple times that my account went to negative and was brought to Positive the same very day.
Do you guys think i have a shot Calling the reconsideration line and if Yes what would be a good defense?
Let it go for now.
Chase can be pretty conservative. They gave you a legitimate and valid reason for being concerned. You admitted you actually had several negatives. It doesn't matter they were corrected same day; a negative is a negative. That pattern of behavior creates concern for your financial stability and management.
Respect the decision. If you call Recon and try to fabricate an excuse ("defense"), they'll see right through it and deny anyway. And now you've created a paper trail of trying to do an end-run around their legitimate denial. It could be used against you in the future. Worst case, it may make them take a further look at reducing their exposure with you in other ways leading to adverse action (AA).
Instead, play by their rules. Continue to use your accounts but this time, with great care and responsibility. Since you had several negatives, I might give it another year to jell. Then reapply. With your other banking relationship, I imagine they would approve it easily if you just clear up what they said was the issue.
@lasvegas302 wrote:That seems like a legitimate advise. Thank You! I was emotionally ready to make a call and make my case. Explain that I wanted to Separate my personal Finances from Business ones and build some healthy relationships with Chase and continue growing with them. But Once again decisions based on emotions arent really decisions. I am probably gonna let it go like you suggested. Amex Business Gold rep called me couple weeks ago offering their Charge Card. Should i go with that? I really wanted Chase - Not for perks from the card but to build good relations with them. I am spending close to 7K a month on Diesel and then paying off personal credit cards from Business Checking with Chase. Kind of tired of that. Plus i need to build my Business Credit Score. There are tons of stuff and ideas for which would require some serious funding in the Future. I gotta AIM HIGH, dont I?
Yes, Aim High! 
Continue to work all the angles, so if AMEX seems to want more of your business, nothing wrong with going with them for awhile. It gives you options and you can always change the direction of the ship later if you are ready to refocus more on Chase. I just wouldn't press the issue with them any more at this time. No, emotional decisions are always difficult. That's why you're wise to step back and ask for outside advise, such as through the forums. Good job!
