Should I App for Both Chase Ink Cash and Preferred for more credit?

[MansaMusa]

I've received invitations for both the Chase Business Cash and Preferred. I'm not concerened about rewards, my goal is to obtain the largest amount of credit.

• If I app for both will it be one HP?
• If I'm granted both, can I combine the credit lines and close one?
• Are Preferred cards granted larger credit lines?

I plan to app for one or both of these Chase cards, and either the AMEX Blue Business Plus or SimplyCash Plus (AMEX sent invites for the Business Gold Rewards but don't want that card). 

In business 3 years

Personal Credit
No Baddies
16% Overall Utilization
All cards at 30% or Below Utilization
TR 760
EX 763
EQ 771

No Hard Inquires Past 12 Months
Hard Inquires 13-23 Months
Ex 2
TR 5
EQ 0

[TaperRandy]

If you are looking solely for the big CL right outta the gate, I'd recommend AMEX ED. Very generous. Chase was stingy with me. SL was 5k about 6 months ago. Was a bit disappointed, but they rely heavily on a TU HP. I'm swamped with 15/24 at TU...so I should have known better. Good luck though.

[TaperRandy]

Oh, and if you don't need the CLI immediately, bring the combined util down to 8% this month, wait another cycle for it to hit all 3...then bang 'em out. They'll back up the Loomis truck with all kinds of CLI and SL! Fact. 👍✌️

[MansaMusa]

I'm only looking for business cards currently, but I will app for an AMEX personal card at some point.

[Credit-hoarder]

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@TaperRandy wrote:

If you are looking solely for the big CL right outta the gate, I'd recommend AMEX ED. Very generous. Chase was stingy with me. SL was 5k about 6 months ago. Was a bit disappointed, but they rely heavily on a TU HP. I'm swamped with 15/24 at TU...so I should have known better. Good luck though.

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TaperRandy: Not necessarity true--you are in fact one of the V-E-R-Y F-E-W to receive a starting line as high as yours right off the bat. A majority of people (myself incl.) only see $1K or $2K SLs.

[TaperRandy]

I'm one of the V-E-R-Y F-E-W that also doesn't have 42 cards! 😉

Im thinking that concerning your low SL...having 40+ existing CL just might play a small role in that factor.

[Credit-hoarder]

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@TaperRandy wrote:

I'm one of the V-E-R-Y F-E-W that also doesn't have 42 cards! 😉

Im thinking that concerning your low SL...having 40+ existing CL just might play a small role in that factor.

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42 cards (some added since the ED approval almost 2 years ago) have little to do with the starting line--and right now mine is still $1K mainly by choice...since then I've added at least $25K in credit on other AMEX CLs. The actual point I'm making is AMEX is kinda funny in the sense they can approve you for a high SL on one card--then a low SL on your next--or vice versa (like in my case-my BCE started at $10K). Scores, overall profile, payment history with them, and internal exposure with them are the biggest factors. Right now I'm at $44.5K exp. with them-$79.5 if you count the pay-over-time on my Green charge--and they're still throwing card offers at me.

[TaperRandy]

That makes sense. The fact that they are throwing apps at you still though, that's just mass marketing. I got caught up in it with Discover

[Credit-hoarder]

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@TaperRandy wrote:

That makes sense. The fact that they are throwing apps at you still though, that's just mass marketing. I got caught up in it with Discover

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Some are mass offers--some are pre-approvals with set APRs.

[TaperRandy]

Pre approvals with set APRs may likely be evolved gimmicktry. Just made that word up! But I digress. I look towards the right corner of the envelope. If it is stamped "Pre sorted, First Class"...it's bulk marketing. Paper spam. I never open them...except for Discover recently. They sent a metallic envelope. Silver glossy mirror ball design. I took the bait! 😜