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wow, after hearing all the horor stories about getting grilled over business etc. I was reluctant to app, I started a side business this year, its registered with the state, on pace to make about 30k from it this year, I decided to app last night... bam, instantly approved for 8k which is more then enough. very happy. next year I will be going for the bold and amex gold business, sign up bonus are great on these cards.
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Moving to Business Credit
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@slap_happy wrote:wow, after hearing all the horor stories about getting grilled over business etc. I was reluctant to app, I started a side business this year, its registered with the state, on pace to make about 30k from it this year, I decided to app last night... bam, instantly approved for 8k which is more then enough. very happy. next year I will be going for the bold and amex gold business, sign up bonus are great on these cards.
Hmm. I never heard of anyone getting instant approval. I was told you always had to call in before the approval went through.
Just curious, was this approval solely based on your business ein? or did you need to put in your personal ss # as a guarantor
@red259 wrote:
@slap_happy wrote:wow, after hearing all the horor stories about getting grilled over business etc. I was reluctant to app, I started a side business this year, its registered with the state, on pace to make about 30k from it this year, I decided to app last night... bam, instantly approved for 8k which is more then enough. very happy. next year I will be going for the bold and amex gold business, sign up bonus are great on these cards.
Hmm. I never heard of anyone getting instant approval. I was told you always had to call in before the approval went through.
I was quite surprised myself, when I pressed submit, it did take about 30 or 40 seconds for it to come back with an approval, which I would think is alot longer then most, I wonder if they somehow verified my business? anyhow, I am very happy to not have to call in etc. I did call in after and asked for the card to be expedited and they said I will have it in 2 days
@Anonymous wrote:Just curious, was this approval solely based on your business ein? or did you need to put in your personal ss # as a guarantor
my business is a side business, I am a sole proprietor, I did regester the business name with my state as a DBA and I also have a business checking acount though its not wiht chase. so under the EIN I put my SS# then it also asked for my personal SS# which obviously is the same.
I do have a good relationship with chase, I bank with them and also have a freedom with them with 4 years of perfect history and high usage, my scores are also in the 760's with 7.8 years AAoA, so im sure that played a part.
@slap_happy wrote:
@red259 wrote:
@slap_happy wrote:wow, after hearing all the horor stories about getting grilled over business etc. I was reluctant to app, I started a side business this year, its registered with the state, on pace to make about 30k from it this year, I decided to app last night... bam, instantly approved for 8k which is more then enough. very happy. next year I will be going for the bold and amex gold business, sign up bonus are great on these cards.
Hmm. I never heard of anyone getting instant approval. I was told you always had to call in before the approval went through.
I was quite surprised myself, when I pressed submit, it did take about 30 or 40 seconds for it to come back with an approval, which I would think is alot longer then most, I wonder if they somehow verified my business? anyhow, I am very happy to not have to call in etc. I did call in after and asked for the card to be expedited and they said I will have it in 2 days
I'm sure they did. Not sure how they do it, but its a step in their process that much I know. Maybe they had your business in their records as a business that was preqalified or something.