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Have a balance before applying?

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Tiberius800
New Contributor

Have a balance before applying?

Will having a $20k balance in my chase business account before I apply for a chase business credit card increase my approval odds for a higher limit card? How long should the money sit there? 

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SouthJamaica
Mega Contributor

Re: Have a balance before applying?


@Tiberius800 wrote:

Will having a $20k balance in my chase business account before I apply for a chase business credit card increase my approval odds for a higher limit card? How long should the money sit there? 


With some banks that might mean something. With Chase it means nothing.


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 694 TU 696 EX 683




Message 2 of 3
JoeRockhead
Senior Contributor

Re: Have a balance before applying?


@SouthJamaica wrote:

@Tiberius800 wrote:

Will having a $20k balance in my chase business account before I apply for a chase business credit card increase my approval odds for a higher limit card? How long should the money sit there? 


With some banks that might mean something. With Chase it means nothing.


+1 this ^^^

Message 3 of 3
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