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Question for Business Credit Card experts (Chase ink)

Jedibarber007
New Contributor

Re: Question for Business Credit Card experts (Chase ink)

Okay, just finished the phone call, and they were just asking about why I wanted the card, what I'm going to use it for, and my income. 

then they started looking at some old late payments I had and what happened there.

 

 

also and old baddie I had which they just asked what happened there.

 

lady was nice and phone call ended about 35 min.

 

 

so she said "I appreciate your patience, your application will go for secondary review and will be noticed about our decision in about 72 hours."

 

 

 

sooo yeah I'm thinking I'm not getting it lol 

Starting Score: 490
Current Score: 666
Goal Score: 720


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Message 31 of 43
4sallypat
Established Contributor

Re: Question for Business Credit Card experts (Chase ink)

@Jedibarber007 I would call your Chase banker and ask them to vouch for your application...

 

They can work magic sometimes.

Message 32 of 43
Jedibarber007
New Contributor

Re: Question for Business Credit Card experts (Chase ink)

Called the banker and he didn't answer so I left him a voicemail.

 

i checked the automated status and it went from two week message to 7-10 day message. So I'm certain it's a denial. Soo what do you guys recommend? Please my case again with another rep?

Starting Score: 490
Current Score: 666
Goal Score: 720


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Message 33 of 43
SouthJamaica
Super Contributor

Re: Question for Business Credit Card experts (Chase ink)


@Jedibarber007 wrote:

Called the banker and he didn't answer so I left him a voicemail.

 

i checked the automated status and it went from two week message to 7-10 day message. So I'm certain it's a denial. Soo what do you guys recommend? Please my case again with another rep?


I think talk to the Business Relationship Manager.


Total revolving limits 698000 (605000 reporting) FICO 8: EQ 721 TU 742 EX 715

Message 34 of 43
FinStar
Moderator

Re: Question for Business Credit Card experts (Chase ink)


@Jedibarber007 wrote:

Called the banker and he didn't answer so I left him a voicemail.

 

i checked the automated status and it went from two week message to 7-10 day message. So I'm certain it's a denial. Soo what do you guys recommend? Please my case again with another rep?


If your business hasn't been established for a long period, regardless of what's mentioned upthread with the BRM batting for you, it's going to be a tough sell for them. Then again, we don't know how well your answers fared with the analyst during the grueling 'interview'.  If you have a lot of assets with Chase (business, investments, etc.), then maybe. Typically, the business side of Chase can be a bit more of a challenge than the personal side.

 

Now, since things have been sent to someone else for review, leave it alone. Do not plead your case again as the notes of the UW you spoke with will be there and the next person you speak with will see them. Let the process take its course (denied or approved). Hopefully, you'll hear something positive, but just temper expectations and let us know the outcome either way.

Message 35 of 43
SouthJamaica
Super Contributor

Re: Question for Business Credit Card experts (Chase ink)


@FinStar wrote:

@Jedibarber007 wrote:

Called the banker and he didn't answer so I left him a voicemail.

 

i checked the automated status and it went from two week message to 7-10 day message. So I'm certain it's a denial. Soo what do you guys recommend? Please my case again with another rep?


If your business hasn't been established for a long period, regardless of what's mentioned upthread with the BRM batting for you, it's going to be a tough sell for them. Then again, we don't know how well your answers fared with the analyst during the grueling 'interview'.  If you have a lot of assets with Chase (business, investments, etc.), then maybe. Typically, the business side of Chase can be a bit more of a challenge than the personal side.

 

Now, since things have been sent to someone else for review, leave it alone. Do not plead your case again as the notes of the UW you spoke with will be there and the next person you speak with will see them. Let the process take its course (denied or approved). Hopefully, you'll hear something positive, but just temper expectations and let us know the outcome either way.


Generally I agree with the above.  But in this case there was this specific conversation with the Business Relationship Manager:

 

I did not, so the business relationship manager has been calling me every other week about filling out the application. The application he emailed me was not from the chase website. But it was secured docusign application which had all my information prefilled. I asked him I could go to the branch but he said that this process via email was better since he has more control and ability to persuade back office about it.


Total revolving limits 698000 (605000 reporting) FICO 8: EQ 721 TU 742 EX 715

Message 36 of 43
ToughFistFight
Frequent Contributor

Re: Question for Business Credit Card experts (Chase ink)

I really want to know how this story ends.  Anything yet OP?


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Message 37 of 43
Jedibarber007
New Contributor

Re: Question for Business Credit Card experts (Chase ink)

I completley forgot to provide an udpate SORRY!!

 

So I called 2 times for decisions (reconsidiration) and both times it was a no for the same reason. First off they pulled my experian twice which they denied even looking at the first time but I told them I got an inquiry from them the first time (they pulled equifax and experian)

 

 

Soooo heres the thing what makes me upset but not really since its the bast. I had an old Closed unpaid card from 8 years ago with chase but experian and Transunion had deleted off report cause of age yet ive been having problems with equifax about it. So they went with that reason.

 

Also the rep said there was a collection on my experian but I pulled my report and do not have anyting so for sure that was inaccurate. Im 100% cause I checked via annualcredit site. So i think they were just BS.

 

So...I kinda gave up on even calling again to explain my case again. I am probably going to wait a bit more to apply in the future. Maybe having a large balances will help me out. Hopefully by the end of december I can have at least $15k on the account.

 

 

Sorry guys! I have failed!

Starting Score: 490
Current Score: 666
Goal Score: 720


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Message 38 of 43
4sallypat
Established Contributor

Re: Question for Business Credit Card experts (Chase ink)

Much appreciate sharing your details on the denial.

 

Don't fret - there are lots of other banks that will extend you credit - using your bank account / AI for newer/startup businesses.

 

I am looking at apping to:
Torpago

Jeeves

Amex BBP / BBC

 

Message 39 of 43
SouthJamaica
Super Contributor

Re: Question for Business Credit Card experts (Chase ink)


@Jedibarber007 wrote:

I completley forgot to provide an udpate SORRY!!

 

So I called 2 times for decisions (reconsidiration) and both times it was a no for the same reason. First off they pulled my experian twice which they denied even looking at the first time but I told them I got an inquiry from them the first time (they pulled equifax and experian)

 

 

Soooo heres the thing what makes me upset but not really since its the bast. I had an old Closed unpaid card from 8 years ago with chase but experian and Transunion had deleted off report cause of age yet ive been having problems with equifax about it. So they went with that reason.

 

Also the rep said there was a collection on my experian but I pulled my report and do not have anyting so for sure that was inaccurate. Im 100% cause I checked via annualcredit site. So i think they were just BS.

 

So...I kinda gave up on even calling again to explain my case again. I am probably going to wait a bit more to apply in the future. Maybe having a large balances will help me out. Hopefully by the end of december I can have at least $15k on the account.

 

 

Sorry guys! I have failed!


Thanks for the update. Sorry for the way it turned out. So much for the business relationship manager 'going to bat' for you; it sounds to me like you were on your own.

 

 


Total revolving limits 698000 (605000 reporting) FICO 8: EQ 721 TU 742 EX 715

Message 40 of 43
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