@Anonymous wrote:
@juanjunior99 wrote:how long would you consider it would be enough "garden" (What mean garden exactly?)
It means do not apply for any credit and let some accounts age.
You're welcome, @juanjunior99. Glad to help. 
To further explain the "gardening" term, it's just a nickname for taking yourself off the market for new credit, whether accounts or inquiries. What it means is that you are "gardening" (taking care of) your existing accounts (as a gardener takes care of his plants), allowing them to grow and mature, before you seek new credit. The reason this can be important is that if you continue to apply aggressively for credit, eventually lenders get concerned with recent credit-seeking and your motives. What generally will happen is that your approval terms first become lower, with lower credit limits than other recent banks approved and/or higher APRs. Eventually, you'll start getting denied for new accounts. If you haven't picked up on it by then, that is definitely a time to enter "the garden!" Younger and thinner files (like yours) can be more subject of consequences from a lot of activity than a file like mine, with decades of credit history and dozens of accounts, both open and closed. (Many more than you see in my signature.)
Definitely looks like you are on the right track, but I'll repeat the advice that no matter what wait until your oldest card is a year old. If you *need* a business card, you may consider American Express or another lender that does not report business cards to the consumer credit reporting agencies (provided they are kept in good standing), although you will still likely incur an inquiry. But at least it wouldn't further reduce your average account age or count against 5/24.
@juanjunior99 wrote:Thank you @blindambition the 5/24 rule apply for business Credit cards too? Can I apply for a business credit card if I had approved for 5 credit cards in the last 24 months ?
@juanjunior99, Chase business cards are a little different. They both (DO) and (DON'T) apply in terms of 5/24. 
Let me explain*.
(*Qualifier: I have been a Chase customer for 20 years. I was 0/24 and over an 18-month span in 2018-2019, I opened five new Chase credit accounts including one Chase INK business account. In the process of my applications, I read many postings on My Fico and other credit forums, and studied data points about 5/24 and how it applies.)
If you apply for a business card, Chase will run an inquiry on (as a minimum) your PERSONAL Experian credit file (and possibly other credit reporting bureaus.) At that time, you must be UNDER 5/24, so you must have opened no more than 4 other personal revolving accounts in the preceding 24 months (loans like mortgages or auto loans don't apply because they aren't revolving debt.) However, once you are approved for that business card, Chase only reports it on your BUSINESS credit report, and typically not your personal report. (My Chase INK Business Cash card does not report to my personal credit report.)
So to get approved for a business (OR) a personal card, you must be under 5/24.
But afterward, that business card basically becomes a "freebie" since Chase won't count it as part of the 5/24 for future applications since they don't "see" it on your personal credit report.
So essentially, if you apply for the business card BEFORE you hit 5/24, you can actually go above that figure. If you apply for that business card LAST when you're already at 5/24, you'll be denied.
In a nutshell, it's best to app for any business cards you want with Chase early in your application process, especially if you're close to 5/24 limits.
That said, I wouldn't app for a business card with Chase first, and especially with a young file like yours, unless you want to set up some banking with them and perhaps you make your primary income from your self-employment. Their underwriting for business cards is handled by a completely different division and is a little more stringent. You do need some legitimate "business" to declare, whether it's a true incorpated LLC or just a simple sole proprietorship. You will need to declare that for your application and have some rough figures on revenues generated. That said, mine was based on my personal sales I've done online including eBay as a side gig and I declared very low revenues. (Consequently, the $9K limit they awarded was lower than most of my personal lines of credit.) I really do it, but it's not a huge income stream for me. To make it more official, I got an IRS EIN number for the application which is free and easy to do online. And I was a Chase customer at the time for over 18 years with multiple other Chase credit cards.
Also, while some people do use "business" cards very loosely for personal charges,
there are reasons not to do that without knowing the potential repercussions.
For more information, read my link on business vs personal cards from a My Fico thread I wrote 10/04/2019:
Thank you @Aim_High
Wow amazing report, this is very helpful for me.
I have my own llc, with EIN, but not yet operational, my llc have not a bank account now.
@juanjunior99 wrote:Thank you @Aim_High
Wow amazing report, this is very helpful for me.
I have my own llc, with EIN, but not yet operational, my llc have not a bank account now.
Glad it was helpful!
If you're interested in Chase cards, you might consider them when it's time to set up your business banking accounts. As a large bank, they have specialty accounts just for businesses.
See this link for business banking:
https://www.chase.com/business
