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Need advice

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Need advice

I’ve been waiting awhile for the Prestige (which launched today) and was considering applying for my first business card (chase business Marriott since it isn’t a 5/24 card).

Since my business is only two months old (sole prop), should I skip the Marriott biz and just apply for the prestige? My business income is extremely low but my personal income from my day job is very high. I’ve never applied for a business loan or card before so wasn’t sure what to do.

My EX 08 is 766
EQ 801 (bankcard 09)
13/24, 3 INQ on EX in last 6 mo (1 was for checking account), 0 INQ on EQ in last 6 mo

I have 2 chase personal cards (1 2yr old card and 1 18mo old card)
1 citi card that is 1.5 yr old

I have other older cards with different lenders
Message 1 of 5
4 REPLIES 4
Established Member

Re: Need advice

I have a legitimate business. I am applying for the marriott business due to it going away soon. 


Message 2 of 5
Established Member

Re: Need advice

And there are reports that all chase cards are now 5/24, not sure if it affects all business cards though


Message 3 of 5
Super Contributor

Re: Need advice


@SnowMountain wrote:
I’ve been waiting awhile for the Prestige (which launched today) and was considering applying for my first business card (chase business Marriott since it isn’t a 5/24 card).

Since my business is only two months old (sole prop), should I skip the Marriott biz and just apply for the prestige? My business income is extremely low but my personal income from my day job is very high. I’ve never applied for a business loan or card before so wasn’t sure what to do.

My EX 08 is 766
EQ 801 (bankcard 09)
13/24, 3 INQ on EX in last 6 mo (1 was for checking account), 0 INQ on EQ in last 6 mo

I have 2 chase personal cards (1 2yr old card and 1 18mo old card)
1 citi card that is 1.5 yr old

I have other older cards with different lenders

I think you should take a shot at it. It's good to have a business credit card. And your credit scores are good.


Total revolving limits 728500 (602000 reporting) 10/2/19 FICO 8 scores: EQ 744 TU 782 EX 746
Message 4 of 5
Moderator

Re: Need advice


@i-like-pizza wrote:

And there are reports that all chase cards are now 5/24, not sure if it affects all business cards though


All Chase cards are under 5/24 but apparently the Marriott Business isn’t included or they are not enforcing it during it’s last days

 

https://www.doctorofcredit.com/does-the-chase-5-4-rule-apply-to-the-chase-marriott-business-card-loo...

Message 5 of 5
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