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[New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

dtran14
Valued Member

[New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Hi people, new business owner here.

 

Just opened my Chase BUS Checking last week alongside with a Chase Ink Cash approval for $3,000 limit.

 

Approved for an AMEX Blue Plus today for $2,000 limit as well. 

 

Curious why such low credit limits with a 780 score but I'm assuming the age of the business. 

 

Plan is to constantly max the card and pay in full and try to achieve other NET30 accounts to start building true history.

Message 1 of 14
13 REPLIES 13
WayneSki
Regular Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval


@dtran14 wrote:

Hi people, new business owner here.

 

Just opened my Chase BUS Checking last week alongside with a Chase Ink Cash approval for $3,000 limit.

 

Approved for an AMEX Blue Plus today for $2,000 limit as well. 

 

Curious why such low credit limits with a 780 score but I'm assuming the age of the business. 

 

Plan is to constantly max the card and pay in full and try to achieve other NET30 accounts to start building true history.


Just wondering if you have business credit cards...what would be your use for net 30 accounts? Congrats on your approvals!

Message 2 of 14
AllZero
Mega Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Congratulations on your approvals!
Message 3 of 14
dtran14
Valued Member

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

These are my first business credit cards! I read the Business Guide and the author recommended NET30 accounts at like Lowes, Staples etc. Just small time office supplies to get some history on the books. 

Message 4 of 14
GApeachy
Super Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Congrats!  As time goes on, you'll grow those 2 cards plus they'll probably offer you other cards in the not too distant future.  Read up on the amex 3x's cli thread. In a short amt of time, with good use and building positive pymt history,  you'll have more credit and less need for net 30's.

 

Save your hp's if you don't really need those other net 30 biz tl's. You are ahead of the game x's 2 already. 👍

"My Take Home Pay Don't Take Me Home"
Message 5 of 14
dtran14
Valued Member

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Thank you for this advice, you're right, save the HP for the more serious and efficient accounts. I will check on that 3x CLI AMEX thread.

Message 6 of 14
Jordan23ww
Valued Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Congratulations on your approvals!

 




Message 7 of 14
babygirl1256
Valued Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Congrats on your new business cards . . . I am in the process of opening a new business also (kid's birthday party center). Looking forward to my first business credit card.

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 8 of 14
Drwaz99
Established Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Nice work! Congrats!

US Bank Altitude Reserve 18.1k
Chase Freedom Unlimited 18.5k
Chase Freedom 11.7k
American Express Gold NPSL
American Express Bonvoy Brilliant 22.5k
American Express Bonvoy Business 20k
American Express Amazon Business Prime 14k
Barclays Aviator Business 5k
Citi AAdvantage Executive Card 14.1K
Citibusiness AAdvantage 11.9k
Citi Double Cash 15k

Fico 8s as of 09/01/2021:




Message 9 of 14
M_Smart007
Epic Contributor

Re: [New Business] EST 4/27/2021 - Chase Ink Cash & AMEX Blue Plus Approval

Congratulations on your Amex & Chase approvals!

Message 10 of 14
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