Chase dom card credit requirements10/11/2023 ![]() You can order a credit score when you get your credit report, but if you have a dispute, you might want to hold off until it’s resolved since the credit score may change. Any items more than seven years old (except a Chapter 7 bankruptcy or a closed account in good standing) or that you don’t recognize should be disputed following the process outlined when you obtained the report. (You can get a free copy of your report from each of the three credit bureaus once every 12 months through .) Your score is based on information on file there, so be sure it’s accurate and up to date. ![]() Start by scrutinizing your credit report. Since Chase reviews your personal information, in addition to any business documentation it requests, all of the usual advice about improving your credit score applies here. How can I improve my score to get this card? For example, you may need to send them documentation of your business income or proof of your business registration. When you call Chase for reconsideration, they may be able to take a closer look at your application if you’re willing to send them more information. The card issuer even has a phone line you can call for this purpose, which you can reach at 1-80. That being said, you can also call Chase to see if they will reconsider your application. When you receive this correspondence, you should review the information so you know what you need to do next. The lender will also tell you what credit bureau they used and how you can get a free credit report. You do not need to ask for it - this information is automatically sent to you. In fact, rules under the Fair Credit Reporting Act require Chase to tell you in writing.Īny lender that turns you down using a credit score has to provide you with the type of score it used as well. If your application is denied due to not meeting Chase Ink Business Unlimited credit score requirements, or for any other reason, you have a right to know why. A strong and reliable income can also help you get approved. This is true regardless of which issuer gave you the five cards, even if they’re not from Chase.Ĭhase will also look at your debt load, especially your debt-to-income ratio and other items listed in your credit reports. This rule states that, if you’ve opened more than five new credit card accounts in the past 24 months, you will probably be denied. The card issuer will also check to see if you’ve exceeded the 5/24 rule. Usually, your credit will be pulled, and you’ll have to personally guarantee the account.īut your credit score is not all Chase will look at. However, having a 670 score may not be enough, since that puts you at the low end of having “good credit.” In fact, you’ll have better approval odds if your credit score is in the “very good” range, which includes FICO scores of 740 and above.īeyond your credit score, Chase may request documentation to show you have a legitimate business or sole proprietorship. If you’re using the FICO scoring model, which is the type of credit score used by 90 percent of top lenders, that means you’ll need a credit score of 670 or higher. Like with most upper-tier rewards cards, the Ink Business Unlimited requires a credit score in the good-to-excellent range to qualify. What credit score is needed for the Ink Business Unlimited? After all, the credit score requirement for top-tier rewards cards is higher than other types of rewards credit cards, and you’ll want to avoid applying if you’re not close to making the cut. That said, you should know the credit score needed for the Chase Ink Business Unlimited before you apply. ![]() As if that wasn’t enough, other Ink Business Unlimited perks include an intro APR offer on purchases, free employee cards and various purchase and travel protections. Not only does this card let you earn an unlimited 1.5 percent cash back on all charges while you build your business credit, but a new cardmember bonus worth $750 is available to those who spend $6,000 within three months of account opening. ![]() If you’re looking for a simple, cash back business card with no annual fee and flat-rate rewards on every purchase, the Ink Business Unlimited® Credit Card may suit you well.
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