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Its one of those things. If you know, you know. Easy money.
That's B.S. Wifey and I apply for at least 6-8 cc's/year and our credit rating is around 830/ea. Applying for a cc makes a tiny hit to your cc rating which goes away pretty quickly.
If your credit rating is so bad that your worried about this, then you have bigger financial problems to solve.
The amount of new accounts opened per year is only a small percentage of the overall credit formula. The majority of your score is based on you debt to income ratio. I open around 4 cards per year and sit around 790-810 credit score. That is still in the range to get the best available interest rates.
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More than 2 per year per person is a bit excessive. Though the credit hit is small, but applying for 6-8 per year for 2 person ie 3-4 per person likely reached the hard limits of 5 per 24 months at Chase and a denial is a guaranteed.
Not true. Chase does not report business card applications to the credit bureaus so there's no impact to 5/24. (You need to be below 5/24 but it doesn't add to 5/24.)
That's one of the great things about Chase business cards.
I'm in a shared household account with my dad as the primary account holder. My mom uses my account as well. My dad also has a Prime Visa which my mom has loaded into my/our account so she can use it.
Will I still be able to get the $200 GC and 5% CB if I apply for my own Prime Visa?
When I click on the offer link, it tells me:
Looks like you already have Prime Visa
Visit your cardmember page
Not a cardmember?
Get a $200 Amazon Gift Card instantly upon approval.
Update: I applied and received the $200 GC, and my card also shows 5% cashback in my Amazon account. In case anyone is in a similar situation.
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If your credit rating is so bad that your worried about this, then you have bigger financial problems to solve.
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Why so many are you grinding points?
Not true. Chase does not report business card applications to the credit bureaus so there's no impact to 5/24. (You need to be below 5/24 but it doesn't add to 5/24.)
That's one of the great things about Chase business cards.
How do you ask for reconsideration? Customer service?
TIA
Will I still be able to get the $200 GC and 5% CB if I apply for my own Prime Visa?
When I click on the offer link, it tells me:
Looks like you already have Prime Visa
Visit your cardmember page
Not a cardmember?
Get a $200 Amazon Gift Card instantly upon approval.
Update: I applied and received the $200 GC, and my card also shows 5% cashback in my Amazon account. In case anyone is in a similar situation.
Sign up for a Slickdeals account to remove this ad.
The ones who know how to use credit to their advantage
Why not?
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It doesn't seem like fun opening credit cards and it increases your attack surface. I fill my free time with hobbies.
Is it your hobby? I'm curious about the benefits.
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