Chase Ink Business Approval Rates in 2021

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Outline:
- How the pandemic has affected approval rates
- Why it affected small business credit cards
- The most "risky" & volaite
- Credit is an already volatile product
- Most Business Credit cards don't report to your personal credit report
- Small businesses got hit the hardest during this time
- Cares Act prevents accurate credit profiles from being shown through protection of loans, mortgages, evictions, payments.

- What are the approval rates now?
- Not where it was before, but much better than before.

- How to increase the chances of getting approved for business credit.
- Have proof of business through EIN, business account, and other information like name, type of business
- Have a good credit score. (Business Credit is impacted by personal credit score, nothing else)

- My recommendation. I would continue to wait until we get back to where we were before this pandemic. I get this feeling we will be back to 100% in the next few months once we get results on eviction rates, jobless claims, election results, vaccine progress.

In the meantime if you want to take the risk go ahead. If you want to play it safe, apply for other personal cards in the meantime and apply for business cards in the future.
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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Видео Chase Ink Business Approval Rates in 2021 канала Brian Jung