$50000 High Limit Chase Business Credit Card | Best 5 Chase Ink Business Credit Card Review 2023

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Stacking Method for Business Credit: The video discusses a stacking method to obtain $50,000 in funding through Chase Ink business credit cards. This method involves leveraging multiple financial institutions to secure the desired amount of funding, emphasizing the importance of not relying solely on one institution.

Eligibility for Chase Ink Business Credit Card: It is highlighted that individuals do not necessarily need to have an established business to obtain a Chase Ink business credit card. Personal information, such as a Social Security Number, can be used in place of a business's Employer Identification Number (EIN). However, having an actual business entity can provide access to larger funding amounts.

Factors Considered by Credit Card Companies: The video explains that income, low debt-to-income ratio, and a good relationship with the bank are crucial factors for credit card approval. While a minimum credit score of 680 is generally required for Chase Ink, some individuals have been approved with scores as low as 660. The importance of building a relationship with the bank by making regular deposits and demonstrating financial stability is also emphasized.

Building Business Credit: The video mentions several strategies to boost personal credit scores, such as using credit builder loans, adding authorized users, and utilizing services like Experian Boost and rental payment reporting. These actions can help improve creditworthiness and increase the chances of obtaining business credit cards.

Alternative Funding Options: Apart from credit cards, the video mentions alternative funding options, such as lines of credit from Capital On Tap and lending options from American Express. These options can be valuable for business owners, especially if they have an established business and can provide evidence of revenue through bank statements.

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