Chase Ink Business Reconsideration Call
Today was my big day, I finally applied for a Chase 5/24 restricted card. I’ve restricted myself to new business cards only for the last two years so that I could add a few more Chase cards to my portfolio. I submitted my application and got the dreaded denial message. I was surprised because I have excellent credit, am at 4/24 and all my Chase cards are in rotation.
Application Approval Issue
The agent assisting me said my app was denied because I was at 5/24 but I pointed out that one of the accounts was only an authorized user account and it was supposed to be removed from my report. At that point she let me know she could further review the denial and submit additional information in the hopes of getting it approved.
The reconsideration rep was very nice and helpful but she really grilled me on every single detail of my business. She was also asking for clarification on several points like what I need the card for, how my business operates etc. She asked specific numbers for operating costs, profit, revenue as well as spending projections. The call lasted almost an hour.
After answering all of her questions with as much detail as possible, she let me know she would be submitting it for further review. She said the turnaround time was approximately 5 business days. Now we wait.
So, did I get my card? A few days after my call I logged into my Chase Business Account and there it was, the new Ink Preferred Account. I’m really happy this worked out but there are some mistakes I made that we can all learn from. First, check both of your reports to make sure everything is the same before applying. Apparently one of them showed the AU account but the other reflected the removal. Also, before you call recon it’s helpful to do a little research to find out what types of info they may ask you.