Author Topic: Chase Ink Application Question  (Read 3647 times)

Offline ZedEx

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Chase Ink Application Question
« on: February 26, 2023, 10:27:23 AM »
Hey, everyone!

Key points below for easy reading:

- I'm 4/24 and want to get another Ink card or two before locking myself out of Chase for the next 16 months.
- I currently have one Ink Business Unlimited with a $27K limit.
- The rub is that I'm using this card to "warehouse" debt of an asset purchase at 0% for 12 months.
- This card is maxed out and will be paid off the day before interest charges start.
- Minimum principle payments are on auto-draft until that point.
- Given the debt carry, I'm concerned Chase may deny my application for another Ink card.
- I will be using a different company EIN for this next application.

So, does anyone have any experience applying in the same situation?  My data points below:

- Experian: 788 - 5 inquiries
- Equifax: 800 - 2 inquiries
- Transunion: 797 - 1 inquiry

Any insight greatly appreciated!  Thanks a lot.

Offline CountValentine

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Re: Chase Ink Application Question
« Reply #1 on: February 26, 2023, 11:28:17 AM »
Going to be hard to find data points for your situation but best of luck and let us know how it goes.
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Offline ZedEx

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Re: Chase Ink Application Question
« Reply #2 on: February 27, 2023, 08:40:43 AM »
Yep, I was worried about that.  Not sure if it's worth risking a wasted hard inquiry, but might give it a go for the data point, ha.

Offline Gvann

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Re: Chase Ink Application Question
« Reply #3 on: February 27, 2023, 07:27:44 PM »
Hey, everyone!

Key points below for easy reading:

- I'm 4/24 and want to get another Ink card or two before locking myself out of Chase for the next 16 months.
- I currently have one Ink Business Unlimited with a $27K limit.
- The rub is that I'm using this card to "warehouse" debt of an asset purchase at 0% for 12 months.
- This card is maxed out and will be paid off the day before interest charges start.
- Minimum principle payments are on auto-draft until that point.
- Given the debt carry, I'm concerned Chase may deny my application for another Ink card.
- I will be using a different company EIN for this next application.

So, does anyone have any experience applying in the same situation?  My data points below:

- Experian: 788 - 5 inquiries
- Equifax: 800 - 2 inquiries
- Transunion: 797 - 1 inquiry

Any insight greatly appreciated!  Thanks a lot.

If you have a good credit score and under 5/24 you may get approved without even having to worry. But as long as there is no bad history (having a high balance isnít necessarily bad if you can justify why and when it will be paid off,) then you should be able to call reconsideration.

Offline ZedEx

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Re: Chase Ink Application Question
« Reply #4 on: February 28, 2023, 07:45:15 AM »
Cool deal!  I might give it a go given that I have no bad history whatsoever with any provider, including Chase.  All my personal cards with them are kept at $0.00 balance each reporting period.

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Re: Chase Ink Application Question
« Reply #5 on: February 28, 2023, 10:02:10 AM »
Is it okay to use business Ink card for personal expenses? Any issue getting bonus after meeting the spend, on personal expenses?

Offline CountValentine

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Re: Chase Ink Application Question
« Reply #6 on: February 28, 2023, 10:08:39 AM »
Is it okay to use business Ink card for personal expenses? Any issue getting bonus after meeting the spend, on personal expenses?
Have not see it to be an issue but: Ink Business Preferred Credit Card ó ďI certify, understand and agree that Ö this is a business account which shall be used only for business purposes and not personal, family or household purposes.Ē

https://thepointsguy.com/credit-cards/personal-expenses-on-business-credit-card/
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Offline 1najol1

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Re: Chase Ink Application Question
« Reply #7 on: February 28, 2023, 02:11:57 PM »
Is it okay to use business Ink card for personal expenses? Any issue getting bonus after meeting the spend, on personal expenses?
How would they know that itís for personal expenses? Iím not sure about the legality.

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Re: Chase Ink Application Question
« Reply #8 on: March 01, 2023, 10:22:45 AM »
Thanks fo the replies, I will keep my fingers crossed :)

Offline pointer

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Re: Chase Ink Application Question
« Reply #9 on: March 12, 2023, 06:55:09 PM »
Can you open an Ink card if you currently hold the same one? Or you have to product change first?

Offline Dan

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Re: Chase Ink Application Question
« Reply #10 on: March 12, 2023, 07:02:45 PM »
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline AussieMan

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Re: Chase Ink Application Question
« Reply #11 on: March 14, 2023, 07:44:06 PM »
Any way to get the chase card number at approval before card arrives in mail?
I can't find the thread for that

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Re: Chase Ink Application Question
« Reply #12 on: March 14, 2023, 07:48:56 PM »
Any way to get the chase card number at approval before card arrives in mail?
I can't find the thread for that
AFAIK no
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Offline Luvtotravel

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Re: Chase Ink Application Question
« Reply #13 on: March 14, 2023, 09:25:48 PM »
i applied for both the unlimited and cash and got "in Review" window on each, but only got one email. should i call?
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Offline CountValentine

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Re: Chase Ink Application Question
« Reply #14 on: March 14, 2023, 09:55:12 PM »
i applied for both the unlimited and cash and got "in Review" window on each, but only got one email. should i call?
Check app status via phone.
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Offline yelped

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Re: Chase Ink Application Question
« Reply #15 on: March 15, 2023, 10:21:15 AM »
AFAIK no
Seems like for personal cards you can add them to a digital wallet in the app before it arrives. Apparently you can't do that with a business card. Anyway other way to get the numbers before?

Offline mlardi

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Re: Chase Ink Application Question
« Reply #16 on: March 16, 2023, 12:01:51 PM »
Got Ink Business Unlimited few month ago. Applied for Ink Cash, wasn't approved, after the 4th call finally got approved today.
Keep trying until you get there 

Offline Yaakov7

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Re: Chase Ink Application Question
« Reply #17 on: March 18, 2023, 08:54:24 PM »
I got approved for the ink unlimited with @Dan ís link and declined for the ink cash   When should I call recon? Now or wait till they email me decision letter?
כל מקום שאני הולך, אני הולך לארץ ישראל

Offline herb

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Re: Chase Ink Application Question
« Reply #18 on: March 18, 2023, 11:29:13 PM »
I got approved for the ink unlimited with @Dan ís link and declined for the ink cash   When should I call recon? Now or wait till they email me decision letter?
no reason to wait. Good luck!

Offline chevron

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Re: Chase Ink Application Question
« Reply #19 on: March 19, 2023, 02:48:45 AM »
Hey, everyone!

Key points below for easy reading:

- I'm 4/24 and want to get another Ink card or two before locking myself out of Chase for the next 16 months.
- I currently have one Ink Business Unlimited with a $27K limit.
- The rub is that I'm using this card to "warehouse" debt of an asset purchase at 0% for 12 months.
- This card is maxed out and will be paid off the day before interest charges start.
- Minimum principle payments are on auto-draft until that point.
- Given the debt carry, I'm concerned Chase may deny my application for another Ink card.
- I will be using a different company EIN for this next application.

So, does anyone have any experience applying in the same situation?  My data points below:

- Experian: 788 - 5 inquiries
- Equifax: 800 - 2 inquiries
- Transunion: 797 - 1 inquiry

Any insight greatly appreciated!  Thanks a lot.

What ended up happening? I have ink cash and ink unlimited.

After spending 6k on both I make like 350-500 monthly payments.

I don't usually carry a balance but I have no incentive to pay off a 0% APR right away.

Thinking of applying for business cash, would it be declined?