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In which order should I get these credit cards?
For at least a month now I have been trying to figure out in what order to apply for some credit cards. I definitely want to get the Ink Business Preferred card with the 80k bonus. I understand that I can get it even if I am above the 5/24.
I am at 4/24 now. I was thinking of getting the Chase Sapphire Preferred (50k bonus) FIRST (which will put me to 5/24), then within a few days apply for the Ink Business, because that latter card I should be approved for even if I am at 5/24.
Please let me know whether I am correct with these assumptions?
Thank you for any suggestions.
Hey [USER=1592]@Daniel B[/USER] — Both of those cards are subject to 5/24, so you likely won’t be approved for either once you are at or over 5/24.
The Ink, as it is a business card, [I]may[/I] not display on your personal credit bureau report, so it might not “count towards” the total, keeping you at 4/24 visible accounts.
If the application for the CSP had to be manually reviewed, however, it’s possible that Chase would see the Ink, putting you at 5/24, and thus reducing your chances of approval.
Your odds are thus better if you apply for the Ink first, but it’s not a guarantee.
[USER=7]@Tiffany[/USER]: Thank you for your quick reply. I will then apply for the Ink first.
Now in your earlier post of: “What the heck is 5/24” you said the following: “And regardless of whether or not a Chase card is “subject to” 5/24, if you are [I]approved[/I] for the card, it “counts towards” your future # of new approvals as per the above discussion.”. I guess it only applies to PERSONAL cards and NOT business cards because as you said business cars are likely not VISIBLE when they determine the 5/24. Am I correct?
Well, yes but “likely” not visible doesn’t mean “definitely” not visible.
Chase business cards don’t [I]usually[/I] hit personal reports, but they can, and Chase obviously knows you have them.