Chase Ink Preferred APPROVED

DJPorkchop · ‎09-26-2023

This is my first business card. I was hoping for a 10K+ CL but got stuck with 5500. Appealed instantly for reconsideration for a higher limit.

DPs: New LLC, FICO 8: (EQ) 798 / (TU) 764 / (EX) 746. Just slipped under 5/24 by a few days. Will pursue the trifecta eventually. Thoughts?

JoeRockhead · ‎09-26-2023

Welcome to the forum. All the Ink cards are great cards IMO. I wouldn't be concerned with your starting limit. If you show good spend on it and PIF, Chase isn't bashful about rewarding it by handing out auto CLIs. Your experience may vary but my unlimited had a SL of $8k, after the 4th statement cut they gave me a $4k increase, after another 4 statements, they gave me another $10k and had identical time line results on the Ink Cash.

Congratulations on your Ink Preferred approval!

cashorcharge · ‎09-26-2023

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

SouthJamaica · ‎09-26-2023

@DJPorkchop wrote:
This is my first business card. I was hoping for a 10K+ CL but got stuck with 5500. Appealed instantly for reconsideration for a higher limit.
DPs: New LLC, FICO 8: (EQ) 798 / (TU) 764 / (EX) 746. Just slipped under 5/24 by a few days. Will pursue the trifecta eventually. Thoughts?

Well I'd say that's kind of starting out at the top Congratulations

And welcome to the forum

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

SEG-fenced credit union Platinum Visa 10500

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 587500 (521k reporting) FICO 8: EQ 706 TU 714 EX 721

BigBS · ‎09-28-2023

Congrats on the approval! @DJPorkchop, how did the recon turn out?

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

DJPorkchop · ‎09-28-2023

Got word I was bumped to $6K, with a 26.24% int rate. Was concerned about the hefty MSR and missing the SUB. So I got approved today for a 0% APR Pen Fed Gold Visa with $10K CL. Prior planning prevents poor performance. Away we go!

DJPorkchop · ‎09-28-2023

Thanks for the encouragement. Any strategies for maximizing Ink trifecta?

Citylights18 · ‎09-28-2023

@DJPorkchop wrote:
Thanks for the encouragement. Any strategies for maximizing Ink trifecta?

Yeah take the points to the travel partners (e.g. hyatt, sw). Look at the deals you can get in their point systems.

Chase Ink Business Cash good for 5x on internet and streaming services. The other one Business Ink is good for general spend.