Hello!
I started a consulting company in addition to my 9-5 job 9 months ago. In January of this year, I was able to open a Chase Ink Bold with a $5000 "flexible spending limit" despite my mediocre personal credit (no negative history, but no accounts besides CC's and 61% utilization) and business being less than one year old.
I'm working on a project, and need to make a single purchase of $19,800 for a client next week. I've already received the money from the client to cover the purchase, the check has cleared, and the funds have settled in my checking account (not with Chase, unfortunately). I figured this would be a simple matter of calling up chase, pre-paying the charge card from my checking account, waiting a day or two for it to clear, and making my purchase. I'm $3000 away from my "spend $5000 for 50,000 points" sign-up offer, and probably won't spend enough to get it unless I can put this purchase on the card. Being able to make this purchase would therefore get me 70,000 points, which I don't want to let slip by.
Unfortunately, two CSRs told me that prepayments will not increase my spending limit (which is different from what I was told when I applied for the card). The second CSR transferred me to their lending department, where they offered to "pull my personal credit report to see if they could extend my my spending limit to $25,000" - but I declined since one of my personal credit cards will be closing in a few days with a lower balance which might help my utilization some.
Is rolling the dice with them pulling my personal credit report the best bet? I'm hard-pressed to see them increasing my spending limit that much when my personal utilization is $15k / $24.5k. Is there any other strategy for me to make my purchase and get my points, especially since I already have the cash and don't actually need the "credit" per se?
Thanks!
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