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Chase Ink Business Preferred Approval Odds?

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isik
Regular Contributor

Chase Ink Business Preferred Approval Odds?

A while ago Chase was sending me marketing mailers for some of their Ink cards. I think they were for their 1.5% back card. I was over 5/24 so I didn't apply but took a look at some of their other offerings. 

 

Chase Ink Business Preferred looked promising. I run a e-commerce business and 3x points for shipping would be great. I do most of my shipping through 3rd party platforms like Pirate Ship and Shippo though, so I don't know if they count. (Edit) Apparently they do according to Reddit.

 

8k spend in 3mo for 1.2k points is the current SUB. I can get this if I focus most of my spending on this card for 3 months. No FTF means that I can use it to buy inventory, so it shouldn't be difficult. After that, it'll be my card for shipping. AF will be worth it. 

 

I'm currently at 4/24 0/12. I very recently applied for a CLI with Chase for my Amazon card and it was approved. I've just got under 5/24, but a loan will report very soon. If I want to apply in the next few months, it's probably best if I do it now. 

 

Looks like the minimum SL is 5k for this card. Chase has been really stingy with CLIs on my Amazon card, so not getting approved for enough CL is my main concern. I don't see any pre-approvals online so it'll have to be a cold application. 

 

F8 scores and my current CLs are in my signature. Business is 1yo as a LLC, SP before. Utilization is 8%. 2 inquiries in 12mo on TU, 0 on others. CCs: 4/24 0/12

 

Any chance I'll be approved?

Personal:

Business:

FICO 8:
Message 1 of 15
14 REPLIES 14
isik
Regular Contributor

Re: Chase Ink Business Preferred Approval Odds?

Applied anyway, and...

 

APPROVED

$5.5k SL

Highest APR

 

EX & TU HP (in TX)

Personal:

Business:

FICO 8:
Message 2 of 15
SouthJamaica
Mega Contributor

Re: Chase Ink Business Preferred Approval Odds?


@isik wrote:

A while ago Chase was sending me marketing mailers for some of their Ink cards. I think they were for their 1.5% back card. I was over 5/24 so I didn't apply but took a look at some of their other offerings. 

 

Chase Ink Business Preferred looked promising. I run a e-commerce business and 3x points for shipping would be great. I do most of my shipping through 3rd party platforms like Pirate Ship and Shippo though, so I don't know if they count. (Edit) Apparently they do according to Reddit.

 

8k spend in 3mo for 1.2k points is the current SUB. I can get this if I focus most of my spending on this card for 3 months. No FTF means that I can use it to buy inventory, so it shouldn't be difficult. After that, it'll be my card for shipping. AF will be worth it. 

 

I'm currently at 4/24 0/12. I very recently applied for a CLI with Chase for my Amazon card and it was approved. I've just got under 5/24, but a loan will report very soon. If I want to apply in the next few months, it's probably best if I do it now. 

 

Looks like the minimum SL is 5k for this card. Chase has been really stingy with CLIs on my Amazon card, so not getting approved for enough CL is my main concern. I don't see any pre-approvals online so it'll have to be a cold application. 

 

F8 scores and my current CLs are in my signature. Business is 1yo as a LLC, SP before. Utilization is 8%. 2 inquiries in 12mo on TU, 0 on others. CCs: 4/24 0/12

 

Any chance I'll be approved?


I don't see why you would not be.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 15
SouthJamaica
Mega Contributor

Re: Chase Ink Business Preferred Approval Odds?


@isik wrote:

Applied anyway, and...

 

APPROVED

$5.5k SL

Highest APR

 

EX & TU HP (in TX)


Congratulations on the approval Smiley Happy


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 4 of 15
MissLiz
Established Contributor

Re: Chase Ink Business Preferred Approval Odds?

Congratulations on your approval!

“A woman’s best protection is a little money of her own.” – Clare Boothe Luce
Message 5 of 15
JoeRockhead
Community Leader
Super Contributor

Re: Chase Ink Business Preferred Approval Odds?

Nice approval, congratulations on your new Ink!

Message 6 of 15
cashorcharge
Community Leader
Super Contributor

Re: Chase Ink Business Preferred Approval Odds?

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Message 7 of 15
keekers
Valued Contributor

Re: Chase Ink Business Preferred Approval Odds?

Congrats.
Message 8 of 15
isik
Regular Contributor

Re: Chase Ink Business Preferred Approval Odds?

Is there a way to track my progress for the 120k point SUB? Or even confirm it is applied to my account?

Personal:

Business:

FICO 8:
Message 9 of 15
pizzadude
Credit Mentor

Re: Chase Ink Business Preferred Approval Odds?

Other than tracking your spend $, I haven't ever seen a place in their app that shows progress against a SUB

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 10 of 15
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