Author Topic: Chase Ink Application Question (Read 7643 times)

ZedEx · « **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.

CountValentine · « **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.

ZedEx · « **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.

Gvann · « **Reply #3 on:** February 27, 2023, 07:27:44 PM »

Quote from: ZedEx 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.

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 isn’t necessarily bad if you can justify why and when it will be paid off,) then you should be able to call reconsideration.

ZedEx · « **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.

loveddeals · « **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?

CountValentine · « **Reply #6 on:** February 28, 2023, 10:08:39 AM »

Quote from: loveddeals 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?

Have not see it to be an issue but: Ink Business Preferred Credit Card — “I certify, understand and agree that … this is a business account which shall be used only for business purposes and not personal, family or household purposes.”

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

1najol1 · « **Reply #7 on:** February 28, 2023, 02:11:57 PM »

Quote from: loveddeals 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?

How would they know that it’s for personal expenses? I’m not sure about the legality.

loveddeals · « **Reply #8 on:** March 01, 2023, 10:22:45 AM »

Thanks fo the replies, I will keep my fingers crossed

pointer · « **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?

Dan · « **Reply #10 on:** March 12, 2023, 07:02:45 PM »

Quote from: pointer 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?

https://www.dansdeals.com/credit-cards/ink-card-faqs-everything-need-know-get-credit-card-deal-year/

AussieMan · « **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

S209 · « **Reply #12 on:** March 14, 2023, 07:48:56 PM »

Quote from: AussieMan 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

AFAIK no

Luvtotravel · « **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?

CountValentine · « **Reply #14 on:** March 14, 2023, 09:55:12 PM »

Quote from: Luvtotravel 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?

Check app status via phone.

yelped · « **Reply #15 on:** March 15, 2023, 10:21:15 AM »

Quote from: S209 on March 14, 2023, 07:48:56 PM

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?

mlardi · « **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

Yaakov7 · « **Reply #17 on:** March 18, 2023, 08:54:24 PM »

I got approved for the ink unlimited with @Dan ’s link and declined for the ink cash When should I call recon? Now or wait till they email me decision letter?

herb · « **Reply #18 on:** March 18, 2023, 11:29:13 PM »

Quote from: Yaakov7 on March 18, 2023, 08:54:24 PM

I got approved for the ink unlimited with @Dan ’s 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!

chevron · « **Reply #19 on:** March 19, 2023, 02:48:45 AM »

Quote from: ZedEx 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.

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?