Hope this video was helpful in some way! Check out the Chase Ink Business Unlimited Credit Card here: milevalue.com/creditcards/chase-ink-business-unlimited/?aff=suw ^Unlimited 1.5% cashback on every single purchase, and $900 cash back after you spend $6,000 in the first 3 months. Check out the Chase Ink Business Cash credit card here: milevalue.com/creditcards/chase-ink-business-cash/?aff=suw ^Up to 5% cashback on select categories, and earn $900 bonus cash back after you spend $6,000 in the first 3 months. Our favorite business must-haves: 💳 Best business credit cards: go.milevalue.com/business-credit-cards-suw?aff=suw 🏦 Novo (best business bank): startupwise.com/novo 🖥 Best AI website builder ($3/month using code STARTUPWISE): startupwise.com/hostinger/ ⚙ Northwest (best $39 LLC formation service): startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): paired.so/startupwise
that is false, chase will verify your llc docs. It depends on your business structure. I have a holding company that owns the business that I started building my business credit in. I had to provide docs proving I owned the business or had authority to apply for a cc in that business name. Also you make it sound like you just say hey lets get a high limit on the first card. If you are new they don't just drop a 20-30k limit on you. Even asking for credit increases takes time. I get what you are saying. most new ppl are not going to build business credit quickly even with 2 cards
also dig in a little more than, you just take out your credit line. It is rather pricey to liquidate your credit line and make sure you are doing it right. there are plenty of services that help with this.
You never mentioned anything about credit scores. Does Chase do a personal credit check even though you are applying for a business credit card? If so, how high does your personal credit have to be in order to be approved?
I don’t know where all these credit card people come up with these insane credit limits. My personal credit is in the 700. I’ve had a business since 2017 doing around 150k/yr. I applied for the ink cash and got a 3k limit. I personally have the sapphire and with a 5k limit. How the hell is everyone claiming 40,50,100k limits ??
My limit is 65k on just ONE card. My personal. I don’t know how, but I do spend a lot and pay asap. It’s basically my business card. So no I’m gonna get a dedicated business card.
Any idea if this would work for Amex as well?? I did not know that a company would allow you to do a balance transfer within its on institution, I know the difference is you are product changing your limit but I still didn’t realize you could do it
He did not say transfer the balance. He said transfer the credit line. Example CC#1 has a zero balance with a credit line $10K. CC#2 (new card with new 0% for 12 months) has a credit line $8K. Transfer the $10K line to the $8K line card for a total of $18K at 0%. (But I think you have to leave $1-2K on the old CC) Hope this helps!
Hope this video was helpful in some way!
Check out the Chase Ink Business Unlimited Credit Card here:
milevalue.com/creditcards/chase-ink-business-unlimited/?aff=suw
^Unlimited 1.5% cashback on every single purchase, and $900 cash back after you spend $6,000 in the first 3 months.
Check out the Chase Ink Business Cash credit card here:
milevalue.com/creditcards/chase-ink-business-cash/?aff=suw
^Up to 5% cashback on select categories, and earn $900 bonus cash back after you spend $6,000 in the first 3 months.
Our favorite business must-haves:
💳 Best business credit cards:
go.milevalue.com/business-credit-cards-suw?aff=suw
🏦 Novo (best business bank):
startupwise.com/novo
🖥 Best AI website builder ($3/month using code STARTUPWISE):
startupwise.com/hostinger/
⚙ Northwest (best $39 LLC formation service):
startupwise.com/northwestLLC
💰 Payroll with Gusto (get 2 months free!):
startupwise.com/gusto
👨💼 Best overseas staffing agency (save 80% on payroll):
paired.so/startupwise
Hi, nice video! 🎉🎉🎉 When you transfer your balance from the first card to the second card, is your first card closed at that time?
after you transfer the limit to the second card, do you cancel the first card or keep it?
that is false, chase will verify your llc docs. It depends on your business structure. I have a holding company that owns the business that I started building my business credit in. I had to provide docs proving I owned the business or had authority to apply for a cc in that business name. Also you make it sound like you just say hey lets get a high limit on the first card. If you are new they don't just drop a 20-30k limit on you. Even asking for credit increases takes time. I get what you are saying. most new ppl are not going to build business credit quickly even with 2 cards
also dig in a little more than, you just take out your credit line. It is rather pricey to liquidate your credit line and make sure you are doing it right. there are plenty of services that help with this.
Do they give you a balance instantly or do you have to wait for the info online
You never mentioned anything about credit scores. Does Chase do a personal credit check even though you are applying for a business credit card? If so, how high does your personal credit have to be in order to be approved?
Yes, they pulled my TU and Experian.
I don’t know where all these credit card people come up with these insane credit limits. My personal credit is in the 700. I’ve had a business since 2017 doing around 150k/yr. I applied for the ink cash and got a 3k limit. I personally have the sapphire and with a 5k limit. How the hell is everyone claiming 40,50,100k limits ??
I have over 60k in credit between 10 cards and make 85k a year you not asking for increases or something
I had a 15k card fresh in the navy in 2017 as a E2 with navy federal and it’s at 21k+ now
My limit is 65k on just ONE card. My personal. I don’t know how, but I do spend a lot and pay asap. It’s basically my business card. So no I’m gonna get a dedicated business card.
Have you ever liquidated that line of credit on chase, rather than just making purchases on the card at 0%. If so how?
I know you can credit stack and transfer your limit from your personal cards as well.
Wouldnt this destroy your credit if they close out the first card?
Any idea if this would work for Amex as well?? I did not know that a company would allow you to do a balance transfer within its on institution, I know the difference is you are product changing your limit but I still didn’t realize you could do it
Isn't transfering balance to another card gonna charge you fee?
He did not say transfer the balance. He said transfer the credit line. Example CC#1 has a zero balance with a credit line $10K. CC#2 (new card with new 0% for 12 months) has a credit line $8K. Transfer the $10K line to the $8K line card for a total of $18K at 0%. (But I think you have to leave $1-2K on the old CC) Hope this helps!
What do you mean you can’t transfer your limit?
I suggest that you slow down your delivery.
Thank you for the suggestion!
Maybe you slow the speed down no issues for me
Understood you just fine @@StartupWise
lol I literally watched this at 2x speed no problems
You can't transfer all the available credit from one card to the other, Don’t mislead people.
And $40K card right away! 😂