My Business Credit Card Approvals With Capital One & Chase – Doctor Of Credit

After a hiatus from credit card applications for some time, I now had the good fortune of getting easily approved for two business cards. I like signing up for credit cards with large spend requirements in December and January time since I tend to have more spend at those times of year due to tax and other obligations.

For various reasons I wasn’t able to apply during the elevated 90,000 offers on the INK Cash or INK Unlimited cards. When I was ready to apply for cards those offers had ended. I thus opted for the INK Preferred 100,000 points offer instead. That card still has the bonus offer of 100,000 point after $8,000 spend. (The card does have a $95 annual fee.)

I would have rather signed up for the 90k offer on the Cash/Unlimited cards in order to max out the 0% APR offer on those cards. However, since the signup bonus on those cards were down to 75,000, I decided to get the INK Preferred card with the higher 100k bonus.

I applied using my brother’s referral so that he’ll get 40,000 points with the card approval. As usual, the INK Preferred application went pending. Surprisingly, I got an approval email just an hour after the application. Typically I have to wait at least a few days to hear back, and so this was a pleasant surprise.

• Capital One Spark Cash Plus:

The other card I applied for was the Capital One Spark Cash Plus business card. This card has a bonus of $1,500 after $20,000 in spend and another $1,500 if you spend $100,000. I definitely hope not to be able to meet the $100,000 in spend 🙂 but think I’ll be able to meet the $20,000 requirement with various tax payments and other upcoming spend. That gets me a return of 7.5%, on top of the regular 2% cashback.

There’s also a similar bonus on the Venture X business card, but I decided to go for the Spark Cash Plus due to the lower annual fee and the ability to more easily liquidate the points. For a lot of other people, the Venture X deal will be the better choice.

I was pleasantly surprised to get an instant approval on this application. Yay! One thing I’ve done which might help with getting automatic business approvals is trying to have all the information mirror that of previous applications so they bank’s system finds it familiar. With each application, I try marking down the exact details on how I signed up (business address, business industry, phone, etc) to try keeping things consistent.