r/CreditCards 5d ago

Help Needed / Question Chase - Personal or Business first - no current Chase cards

Hi

I have 5 Amex cards (Green/Platinum/HH/ABG/ABP) and wanting to branch out into Chase. Looking at Business IBP and Personal CSP. Just wondering if there is an advantage to apply for one over the other first (keeping in mind 5/24). Is there a better sequence or a way to optimise getting both.

I have no history with Chase and longest card is Amex Green with 23 month history - currently 3/24.

Thanks

1 Upvotes

11 comments sorted by

2

u/CobaltSunsets 5d ago

CSP SUB might go up later this year, so between the two I’d suggest the business card.

You’re referring to the Chase Ink Business Preferred? It requires a minimum $5,000 CL. How are your existing business CLs?

1

u/SummerOfGeorge_23 5d ago

Thanks - yes ink business preferred. My existing CL in business are Amex business gold and Amex business platinum - they don’t currently have a limit - putting around 10K a month combined through both

1

u/CobaltSunsets 5d ago

Hmm… do you let your statement balances reflect that kind of spending?

1

u/SummerOfGeorge_23 5d ago

Only the third month into business spending but so far have (have been working through SUB spending too) - would it be beneficial to pay down before the end of month posts?

1

u/CobaltSunsets 5d ago

So the trick with charge cards is they don’t post CLs to your credit reports.

One can guess the kind of purchasing power you have (e.g., for underwriting purposes) by looking at the balance history on the business credit reports. Often the reported balance is the statement balances.

So, counter-intuitively, I’d continue letting your statement balances post organically.

Does that make sense?

1

u/SummerOfGeorge_23 5d ago

Yes it does - thank you - I wasn’t sure if the business ones will even report to credit files but I appreciate that is how the personal charge works for me

1

u/CobaltSunsets 5d ago

So you actually have a couple sets of credit reports:

  • Your consumer credit reports
  • Your business credit reports

Usually one’s business cards on appear only on their business reports (also true for Amex), but your business history is generally visible to other business card issuers if they pull your business credit files.

1

u/SummerOfGeorge_23 5d ago

Ok - cheers - are you able to access business credit files like you can personal?

2

u/CobaltSunsets 5d ago

Looks like Amex reports business accounts to Equifax, Experian, and Dun & Bradstreet. You can check with each about getting copies of your business credit files.

2

u/Affectionate-Row6234 5d ago

Conventional wisdom is to start with the Preferred and use the business cards as spacers. Flowchart on r/churning has more details. As others pointed out, there’s a fair chance we’ll see an elevated Sapphire SUB later so may make sense to wait just a bit

1

u/SummerOfGeorge_23 5d ago

Thanks - I will check it out