With a small deposit of $1500 and weely ACH's of $1500, Chase gave me the INK card with a $60k limit. 790 scores and 4% utilization. Working on the second Chase card this week. Asked for another $60k but expecting half or less.
@@rociozamora877 I have three ACH's during the week. I set it up to run through three different businesses that I own so there is cash flow every week through all of them ending up in my personal checking. This show the credit union steady deposits from multiple sources and it creates cash flow for the businesses. I am going to use the Ink card to up that to around 40K per weekly cycles to boost up the flow. After another 60 day or so, I will apply again with Chase for my other business and then again 60 days later for my third business. I will clear the inquiries this week. Hopefully it works!
With credit card debt at an all-time high, do you anticipate a massing drop in credit scores due to high utilization? Many believe credit scores become superficially inflated during COVID due to many payments being paused (student loans) and influx of free money.
I definitely think that there will be more defaults as payments are turned back on and as rates stay higher for longer then yes massive drop in scores and increase in defaults
With a small deposit of $1500 and weely ACH's of $1500, Chase gave me the INK card with a $60k limit. 790 scores and 4% utilization. Working on the second Chase card this week. Asked for another $60k but expecting half or less.
How long did you have the account before application?
@@superjeffstanton 40 days.
40 days.
Were the deposits coming from a client or from your business checking acct with another bank?
@@rociozamora877 I have three ACH's during the week. I set it up to run through three different businesses that I own so there is cash flow every week through all of them ending up in my personal checking. This show the credit union steady deposits from multiple sources and it creates cash flow for the businesses. I am going to use the Ink card to up that to around 40K per weekly cycles to boost up the flow. After another 60 day or so, I will apply again with Chase for my other business and then again 60 days later for my third business. I will clear the inquiries this week. Hopefully it works!
A few folks on myfico have a few million in credit haha! ✊💳
Awesome, wish we had more of that publicly being shared!
What if my business is in an LLC that is owned by a trust. Do you have any experience with that?
That still works
Could you plain cycling through banks and cards?
Listened to it a second time and I get it now, thank you🙏🏽
Wiping inquiries has been hit or miss for me mostly miss
“Banks tightening up” na dawg they just trying to stop the fraud going on in the business space
Both leads to same outcome, we went from a period of time where they didn't really seem to care at all to now they do.
Yep
Yes sir!
With credit card debt at an all-time high, do you anticipate a massing drop in credit scores due to high utilization? Many believe credit scores become superficially inflated during COVID due to many payments being paused (student loans) and influx of free money.
I definitely think that there will be more defaults as payments are turned back on and as rates stay higher for longer then yes massive drop in scores and increase in defaults
3rd
What does cycling means?
Just means to keep the money moving through either the same bank or different banks as you get credit with them.
👌🏻🇺🇸
Life goals
Would be epic if we changed that from life goals to 1-2 year goals wouldn't it?
Is this strategy in the Master the Credit Game?
Yes sir, under business credit funding strategies "Near infinite funding loop" - a bit cheeky
💰 Good stuff
Straight Fire 🔥
Not telling us nothing but just how much credit he gots. Tell us how to get it and show us proof
This silly comment proves you haven't been watching the channel long
Awesome video 🤞🏾🙏🏾, great information!!
First 🎉🎉