Hi,
I have been carrying over $25k on my personal credit cards for a local company for a while.
(they charge my card every ~55 days and pay a week before the cycle ends...they get a loan for 3% [what it costs to process the credit card] I get tons of points
I have read here
http://www.dansdeals.com/archives/24840/ that it's better not to have such large balances on your personal card.
The company I have been spending for is currently looking to spend even more (like 300k)...so I was thinking to open up some business cards.
Any advice on trying to open the following 4 cards using the 4bm?
(has anyone done this successfully?)
-Chase Ink Bold Charge Card
-Chase Ink Plus Credit Card.
-Chase Ink Classic
-Chase Ink Cash
Notes:
I have been a chase customer (sapphire preferred) since June 2011.
I was denied credit for a business card in December 2011 (after only 5-6 months of having an account with Chase - the two reasons on the rejection letter were 1) not enough accounts open and 2) not enough time has passed since opening first account)
I was denied credit increase for my sapphire preferred in February 2012 (after about 8 months of account opening)
When I plan to apply in a month or two from now, approximately 10 months will have gone by since I placed any applications with chase.
I have very good credit and got accepted instantly to other cards (delta amex etc.)
Thanks for any help.
Thanks.