Results From My Chase Ink Business Unlimited Application

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At the beginning of October I fell under the 5/24 limit, which is one of Chase’s rules where they typically won’t approve you for a card if you’ve opened five or more new card accounts in the past 24 months.

On October 1 I applied for the Ink Business Preferred℠ Credit Card, which is the credit card I’ve been wanting to get more than any other, given that the card offers:

  • A welcome bonus of 80,000 Ultimate Rewards points after spending $5,000 within three months
  • 3x points in some useful categories
  • An incredible cell phone protection plan that I’ll get value out of

My application was approved within a few days, and I’m thrilled to be spending money on the card now.

My next move: applying for the Ink Business Unlimited

As I had outlined, my next step was to apply for the Ink Business UnlimitedSM Credit Card. If/when I have that, I’ll have six cards in the Ultimate Rewards ecosystem, which is pretty awesome.

This no annual fee card has a welcome bonus of 50,000 points after spending $3,000 within three months (it’s marketed as $500, but in reality that can be converted into 50,000 Ultimate Rewards points), and offers 1.5x points on all purchases, so will be one of my go-to cards for business spend (more details here).

I decided to apply for the card yesterday, November 5, 2018. Why?

  • While there are mixed data points as to this, it can make sense to wait 30 days between Chase business credit card applications
  • I wanted to leave a bit of a further buffer, since I applied for the Ink Business Preferred℠ Credit Card on October 1, but only got approved a couple of days later, which is why I waited a few days into November before applying

So, how did my Ink Business UnlimitedSM Credit Card application go? As expected (and as always happens for me with Chase business cards), I got the “thank you for your request” message. So I’ll give it a couple of days and see if the card gets approved or not, but I see no reason it wouldn’t be approved.

Once my approval comes through…

Once my approval for the Ink Business UnlimitedSM Credit Card comes through, my next step is to apply for both of the following cards (probably on the same day, since you can get approved for an Amex charge card and Amex credit card the same day):

  • I really want to get the Hilton Honors American Express Aspire Card, which has a $450 annual fee, and offers Honors Diamond status for as long as you have the card, an annual free weekend night reward, a $250 Hilton resort credit every cardmember year, and a $250 airline fee credit every calendar year
  • I then want the American Express® Gold Card, which offers 4x points at U.S. restaurants, and 4x points at U.S. supermarkets (on up to $25,000 of spend per year), plus a $120 annual dining credit and $100 annual airline fee credit

I’m hoping that the Ink Unlimited approval comes through shortly, because I have a stay at a Hilton in a few days, and Diamond status sure would be nice (Diamond status seems to post within a couple of days of when you’re approved for the card). But I’m not holding my breath on that.

Bottom line

I’m so happy to be building my credit card portfolio again, starting with the Ink Business Preferred℠ Credit Card last month, and hopefully the Ink Business UnlimitedSM Credit Card this month (once I get approved). Having the Chase business credit card “trifecta” is pretty exciting.

I’m equally excited to have all the Chase cards that I want, and to be able to get some of the other cards that have been on my radar.

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Comments

  1. Wasn’t rocket science for me to avoid all Chase card product even with an 825 credit score
    and 100k in spending a year across all cards
    I do have a Chase Reserve and INk from years ago
    What is 80k today anyway ? Its pocket change for a business class ticket on United? yawn
    Not worth going on a credit card diet for two years and giving up numerous opportunities IMHO
    Glad you are thrilled though 🙂

  2. I was under 5/24, 800+ Fico and did the same as above – however I was rejected for Ink unlimited and do not really know why. Ended up getting the Amex Blue Business Plus for 2x back and shifting a ton of spend to Amex combining that with the new Gold. I am too already leveraged in UR Points as is. Chase’s loss I guess!

  3. I’d had the same 5/24 issue. Waited for months and finally got approved for Chase Ink Preferred in October, and recently applied for Chase Business Unlimited last week. I received the same message for the Unlimited, but decided not to call. Few days later I logged in and saw the card profile appear in the account before i even got any emails or notification from Chase that I was approved. The card came through mail yesterday. I’m following your strategy here, with my next card will be Amex HH Aspire and Amex Gold. Thank you so much for all the advice Lucky!

  4. Six months after getting the Ink Business Preferred, my wife applied for the Ink Business Unlimited. After the initial: “we need more time…” message, it was rejected, because: “not much time has passed since the last business card was obtained [Ink Business Preferred]”.

  5. @sagie reder

    i personally still think it would be worth getting the gold card even with the improvements in the citi prestige primarily because I would be able to take full advantage of its dining and airline benefits which would make the annual fee a bargain at $30 a year.

    if i were to apply for the citi prestige i would probably still occasionally put some dining spend on the amex gold just to have some diversified points. grocery spend would all go on the amex gold as well which isnt much for me personally but my supermarket sells gift cards so I would be able to take advantage of that. i think in lucky’s case he’s probably looking at it from the grocery angle as well since he was debating between the gold and the everyday preferred.

  6. I like this flowchart on reddit which explains what to do if your’e not automatically approved.

    https://imgur.com/a/oXlPW

    I applied for the Chase Ink Preferred, then Chase Ink Unlilmited, then Sapphire Preferred and finally the Chase Freedom and was approved for all of them. Of course I spaced them out to be mindful of the 2/30 rule.

    With each application I received the “We need to review your request a little longer” message too. I followed the Reddit flow chart and called the Automated status line at 800-432-3117 and after a 3-4 days, the automated telephone prompter said I was approved.

    It worked for, me but as usual, ymmv.

    Btw, I just applied for the Citi Premier with the 60k sign up bonus. And now I’m following Lucky’s strategy of applying for both the Amex Hilton Aspire and the Amex Gold!!!

  7. Cannot stand Chase. After clearing the 5/24 hurdle I applied for Chase Ink Biz and got the standard we need more time message. Called and was told what docs to send in. Did it and got a letter telling me more docs to send. Called and was told they didn’t believe I had a biz. I’m an independent consultant and the cc rep had the audacity to suggest I go register my biz with the city so I could prove to Chase I had a business- a 1099 didn’t prove it! Total waste of time.
    All my spend and travel will stay with Citi and Amex.

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