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Chase invitation

churnNburn
Valued Member

Chase invitation

I already have a Chase Business card, was Preferred, then downgraded to Cash. After my app spree I'm def over a dozen inq and in the "LOL/24" so no idea why they sent me an invite. Are they trolling me?

 

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Message 1 of 14
13 REPLIES 13
rbentley
Established Contributor

Re: Chase invitation

The 5/24 rule does not apply to most Chase Business cards.

Message 2 of 14
churnNburn
Valued Member

Re: Chase invitation

There's also a Business checking promo as well, both the checking and credit offer expire on the same day, April 8th Smiley Surprised

Message 3 of 14
zerofire
Established Contributor

Re: Chase invitation

Joke is on you because Chase will let people in if they want to and the rules for 5/24 is based on accounts, not inquiries. If the accounts have not landed yet then you probably are still ok. I had Chase go ahead and approve me at 7/24 in the past for a Chase Freedom so YMWV. Lastly most mail offers will bypass the 5/24 rule. Overall if you want it and have the records for it then go ahead and app. Lastly Chase will do a SP on your records after a little bit to verify against any app sprees. I recommend that you are ready to deal with getting burnt because you are playing with flames.
TU:758 06/19/20 Bank of America--EX: 776 06/10/20 Experian--EQ:810 09/25/18 Citi--Gardening since 01/11/21
Active:
Bank of America (Better Balance Rewards M, Cash Rewards WM, Cash Rewards VS), Blispay V, Capital One (Quicksilver VSC, Walmart WMC), Chase(AARP VSC, Amazon Prime VSC, Freedom VSC, Freedom Flex WEMC, Slate VC), Citi Dividend MC, Citizens GreenSense MC, Discover It C, FedEx Employee Credit Association V, FNBO Ducks Unlimited VS, HSBC Cash Rewards WMC, PenFed (Platinum Rewards VSC, Pathfinder Rewards VSC), Synchrony Bank(PayPal Credit, PayPal 2% Cashback M), TD Bank Redcard Store Card, UMB Bank Simply Rewards V[Milford Federal], US Bank (Altitude Go VSC, Cash+ VSC)
Wishlist: AOD Signature, Bellco Colorado Rewards, EBates, Marvel, Nusenda Platinum Cash Rewards, Security Service Power Travel Rewards, Vantage West Connect Rewards, Wells Fargo Propel
Message 4 of 14
churnNburn
Valued Member

Re: Chase invitation

The accounts hit very quickly. Like before I even received the card in the mail quick. 2 of them listed below, the other 2, PNC and USB not. So def LOL/24. TU inq at 12 including the one below.

 

I tried the Amazon Prime store card because it was thru Synchrony, not Chase, and free money with no spend, but...

 

Screenshot_2019-02-26 SYF Statement - document(16) pdf.png

 

Screenshot_2019-02-26 Free Credit Scores Credit Report Monitoring Credit Karma.png

Message 5 of 14
woodyman100
Valued Contributor

Re: Chase invitation

5/24 rule does apply to Chase business cards

However, they don’t count as one of the 5 as they are hidden

NFCU-BBVA-Discover-Idaho Central FCU-Capital One-Goldman Sachs (Apple)-Redstone-John Deere-Signature-EECU-BofA-AOD-Chase-Amex-Banco de Popular-Banco Do Brasil-Commerce-Truist-Citi-Synchrony-HSBC-USAA-Amegy-FNBO-Dell-Regions
Message 6 of 14
zerofire
Established Contributor

Re: Chase invitation

US Bank generally takes a while to pull the report. As a result they will usually not show the HP for a bit if you apply fast enough. I have no experience with PNC but as a regional bank I think they might have something similar. Wells Fargo is part of the Big 4 US banks and Barclay's is a British Multinational so if those did not report yet I would be concerned. Big banks usually report in 1-3 days after application. Fastest known reporter is Synchrony Bank as they report immediately when you are approved.

TU:758 06/19/20 Bank of America--EX: 776 06/10/20 Experian--EQ:810 09/25/18 Citi--Gardening since 01/11/21
Active:
Bank of America (Better Balance Rewards M, Cash Rewards WM, Cash Rewards VS), Blispay V, Capital One (Quicksilver VSC, Walmart WMC), Chase(AARP VSC, Amazon Prime VSC, Freedom VSC, Freedom Flex WEMC, Slate VC), Citi Dividend MC, Citizens GreenSense MC, Discover It C, FedEx Employee Credit Association V, FNBO Ducks Unlimited VS, HSBC Cash Rewards WMC, PenFed (Platinum Rewards VSC, Pathfinder Rewards VSC), Synchrony Bank(PayPal Credit, PayPal 2% Cashback M), TD Bank Redcard Store Card, UMB Bank Simply Rewards V[Milford Federal], US Bank (Altitude Go VSC, Cash+ VSC)
Wishlist: AOD Signature, Bellco Colorado Rewards, EBates, Marvel, Nusenda Platinum Cash Rewards, Security Service Power Travel Rewards, Vantage West Connect Rewards, Wells Fargo Propel
Message 7 of 14
MB54
Established Member

Re: Chase invitation

Hello - 

 

I recieved the chase invitation for the Chase Ink Business Preferred Card, I have a new courier start-up business with no business credit as yet, what do you thin my chances of qualifying for this invitation offer with a 653 FICO Score with Transunion, Equifax and Experian are bit less, please advise?

MB
Message 8 of 14
SouthJamaica
Super Contributor

Re: Chase invitation


@MB54 wrote:

Hello - 

 

I recieved the chase invitation for the Chase Ink Business Preferred Card, I have a new courier start-up business with no business credit as yet, what do you thin my chances of qualifying for this invitation offer with a 653 FICO Score with Transunion, Equifax and Experian are bit less, please advise?


If it were me, I would try regardless of what my chances are. To be able to start out your business credit life with what I consider the best business card in the business would be great.

 

PS I know someone who gets invitations to apply for that card who doesn't even have a business. Meanwhile I -- who do have a business and would love to have the card -- never get an invite Smiley Happy

Message 9 of 14
MB54
Established Member

Re: Chase invitation

Hello - Super Contributor

 

Thank you for your feedback, I appreciate it. Based on the information that I had put out to get a good assessment of where I stand and the pathway forward based on experience of the group and you responding to my call for help. Would you recommend I these steps, see below and please add anything you feel that would be helpful.

1. Open a Chase  Business Checking Account

2. Apply for the Chase Ink Business Preferred Card

3. Personal Credit Score as of 3/24/2019: Transunion 653 - Equifax 611 - Experian 602 (credit scores result of late payments & being above 30% on overall debt currently at 44% overall utilization 

MB
Message 10 of 14
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