Author Topic: Business Credit Card Advice Needed  (Read 1702 times)

Offline David Smith

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Re: Business Credit Card Advice Needed
« Reply #15 on: November 02, 2017, 10:59:54 AM »
You don't need chase slate for 0 APR on charges. That's only necessary if you're doing a balance transfer. For 0 intro APR, there are plenty of personal cards, including chase freedom, amex everyday, and plenty more. It's business cards that have more limited options.

Amex will likely allow you to pay a portion over time even on their charge cards, but it's not 0 APR.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
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Offline Humble

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Re: Business Credit Card Advice Needed
« Reply #16 on: November 02, 2017, 11:08:41 AM »
Thank you David for your input.
Thank you chbochur for correcting me, so this option is apparently my best option if I wanna go with 0 APR cards for a potential higher credit allowance.

How about my last question, applying for a few more Chase cards may impact the amount they'll approve me, or impact my other credit limits on my existing Chase cards?
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Offline chbochur

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Re: Business Credit Card Advice Needed
« Reply #17 on: November 02, 2017, 12:21:26 PM »
Thank you David for your input.
Thank you chbochur for correcting me, so this option is apparently my best option if I wanna go with 0 APR cards for a potential higher credit allowance.

How about my last question, applying for a few more Chase cards may impact the amount they'll approve me, or impact my other credit limits on my existing Chase cards?
It definitely will impact on how much they'll give you, based on how old and how well maintained it might be too your benefit and it may do the opposite of you weren't responsible. There are times that chase will tell you we already gave you enough credit and the only way we'll approve your card is if you move credit from another existing account but they won't give an option to move from personal account to business account

Offline deltastubs

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Re: Business Credit Card Advice Needed
« Reply #18 on: November 02, 2017, 12:24:09 PM »
Thanks all for your time and kind input.

So to summarize, I have the following options:

1. Amex charge card
-- Pros: Can eventually easier reach higher allowances. No issue of maxing
-- Cons: Not 0 APR. Must be paid in full every billing cycle. (comes with annual fees...)

2. 0% APR credit cards, include Amex Blue for Business or Chase Slate (personal)
-- Pros: 0 APR
-- Cons: Will not reach the amount I need

3. A combination of a few cards, including Chase Ink and Chase Preferred, etc. and move over the credit lines to one card.
-- Pros: Better chance to reach my needed limit
-- Cons: Not 0 APR

Did I get clear? Am I missing something?
Also, apparently there is no business card from Chase with 0 APR, correct?

Being that I have already 3 personal cards from Chase with a 41K limit, will they still give me high amounts of credits on new card applications? Can they reduce existing credit lines because of opening new ones?

Not often talked about Amex Plum may be good for you too, depending how long you are planning to float $ on that 0%apr, they'll give you 60 days to pay penalty free, and same like other amex charge cards spending ability is flexible no official max...

(rewards are weak at 1.5cashback for early pay aka not 60days, but it is part of amexopen as well if you use that)

Offline chbochur

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Re: Business Credit Card Advice Needed
« Reply #19 on: November 02, 2017, 12:35:22 PM »
Not often talked about Amex Plum may be good for you too, depending how long you are planning to float $ on that 0%apr, they'll give you 60 days to pay penalty free, and same like other amex charge cards spending ability is flexible no official max...

(rewards are weak at 1.5cashback for early pay aka not 60days, but it is part of amexopen as well if you use that)
This is a very good and strong point, if you can pay off the balance within the time allotted which can be "up to" 3 months from when you swipe

Offline Humble

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Re: Business Credit Card Advice Needed
« Reply #20 on: November 06, 2017, 11:43:54 AM »
Thanks all for your help.

I think I wanna proceed with applying for Chase Ink, Chase Ink Preferred, and Amex Plum.

Is it still true that it may help applying at once from different browsers? (I currently have only 1 hard inquiry on my personal account), if not, which of the above 3 - if any is worth trying first?

My total credit utilization is currently at 6% (with the max per card, being one chase card 13%), is it necessary to first pay off my balances for better chances of getting approved?
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Offline chbochur

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Re: Business Credit Card Advice Needed
« Reply #21 on: November 06, 2017, 12:34:46 PM »


Thanks all for your help.

I think I wanna proceed with applying for Chase Ink, Chase Ink Preferred, and Amex Plum.

Is it still true that it may help applying at once from different browsers? (I currently have only 1 hard inquiry on my personal account), if not, which of the above 3 - if any is worth trying first?

My total credit utilization is currently at 6% (with the max per card, being one chase card 13%), is it necessary to first pay off my balances for better chances of getting approved?

Does not need to all be the same second, if you'll get approved you'd still get approved if you did it a few minutes apart

I'd suggest paying off balances because it gives you a chance of getting a higher credit line then if you still have the balances

Just a heads up your (probably) not gonna get an instant approval (at least with the chase cards) I suggest calling the chase business reconsideration line after you put in the application and hopefully they can approve you right away.
Good luck

Offline Humble

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Re: Business Credit Card Advice Needed
« Reply #22 on: November 06, 2017, 12:37:25 PM »
Thanks for the advice!
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Offline yudel

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Re: Business Credit Card Advice Needed
« Reply #23 on: February 12, 2020, 03:16:54 PM »
Question about a Business card:
If I work for my brother but I'm not an "authorized officer" of the corporation, is there any way for us to apply for a business card (chase southwest in this case) and have the miles deposited directly into my account?
In other words, it seems that I can't really apply under my name since I'm not an authorized officer but if my brother applies then there's no way to make the miles be directed to my account. Is there any way around this? 

Offline davidd75

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Re: Business Credit Card Advice Needed
« Reply #24 on: February 12, 2020, 05:35:29 PM »
Question about a Business card:
If I work for my brother but I'm not an "authorized officer" of the corporation, is there any way for us to apply for a business card (chase southwest in this case) and have the miles deposited directly into my account?
In other words, it seems that I can't really apply under my name since I'm not an authorized officer but if my brother applies then there's no way to make the miles be directed to my account. Is there any way around this?

cant he let you create your own southwest account online account for this card or he can let you "manage" his southwest online account

Offline yudel

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Re: Business Credit Card Advice Needed
« Reply #25 on: February 12, 2020, 10:22:57 PM »
Sure I can "manage" his account but that won't get the mileage into my account/my name which is better for companion pass and safer if SW decides to crack down.

Offline LoLo

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Re: Business Credit Card Advice Needed
« Reply #26 on: February 12, 2020, 11:37:44 PM »
Why not become an authorized officer? I don't think there's any legal paperwork required.