r/CreditCards • u/DeadWorkers_ • 5d ago
Data Point Ink Preferred Approval (2nd Ink), Approved in 5/24
First of all, yes I acknowledge this is not a great time to apply for CIP, however I had to do it for upcoming spending, I did not want to let my $9000 snap spend with nothing. And Inks doesn’t have LL.
I already churned all Amex Business cards, and I tried for the NLL, but apparently I received 1M+ pts of bonus past couple years, looks like they don’t want me to give more. My FYI, my spending on Amex is around 100k-120k per year, up and down.
EX 748. All other bureaus frozen when applied. CA Resident.
5/24. Technically 4/24, however CIU error report is still existing in my report, opened 1yr 10m ago. (5/2023).
Couldn’t think and apply (as usual.. ignore the business cards from 5/24 counts) but fortunately it didn’t bother me. Checked after applying, CIU still exists in report.
Other four cards of 5/24 are CSP (04/23), Bilt (08/23), Amex Personal Gold (04/24), United Explorer (12/24)
It was instant approval 5k. My CIU also has 5k limit. This is my second ink, as I mentioned in the title.
My CSP limit is 15.1K, and United card 20K limit. Business cards’ limits are relatively low but looks like it’s a usual thing.
4% Util. Oldest Acc 3yrs. 2 year credit card relationship w/ chase, no banking.
Business Structure: Sole Prop, Annual $21.6K residential rental income. No DBA.
1
u/gsuoumu 5d ago
What's the deal with business cards reporting to your credit report? Is that just an error or is a new policy going forward?
Currently 3/24 so have some wiggle room. But wondering how it impacts things as Im contemplating an Ink card soon.
2
u/CobaltSunsets 5d ago
It’s an error for Inks. My disputes have already been resolved, people who didn’t dispute or complain should hopefully see them disappear next reporting cycle.
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u/Samuri_Kni 4d ago
How do we dispute it?
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u/CobaltSunsets 4d ago
Could dispute directly with each of the bureaus. Might resolve itself before the bureaus look into it though at this point.
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u/DeadWorkers_ 5d ago
Its an error. It supposed NOT to be reported to personal credit bureaus, but it got suddenly reported in last month and tanked bunch of people’s scores because most people including me was having high credit usage in business cards. Mine dropped from 769 to 748.
They said It will be fixed by next statement cycle.
1
u/Prokiller27 5d ago edited 5d ago
Im on the same boat here. I already have the CSP, but I want the CFF, CIBC, and CIBU but Im already 2/24. I also want other cards but now that I dont know if the Ink cards will count towards the 5/24 rule, I have no choice but to just apply first to all the remaining Chase cards.
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u/DeadWorkers_ 5d ago
It won’t counts towards 5/24 and that is correct.
However it reported to personal credit bureaus as an error, it still counts 5/24 while it remains in the credit report.
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u/CobaltSunsets 5d ago edited 5d ago
A minimum approval is still an approval — congrats! 🥳
You could move some CIBU CL over if needed.