Building BLOC. Advisable to Apply for Chase MC Just to Get Denied?

[neuro77]

I noticed a comment from another seemingly astute person building business credit here

 

 

 

that after obtaining a business voice mail, he notes as important applying for a Chase Mastercard just for

denial. They indicated it's important for Experian & Equifax for some reasons. Can anyone else embellish on why that would be the case and that would or would not be advisable? I also read it's advisable to persue Chase backed trades or Citibank backed trades etc and "getting into their system" helps. If this is advsiable I wonder if the same could be said of applying for a Citibank line or GE Moneybank line?

Edited July 15, 2013 by stroked89coupe

[stroked89coupe]

Outbound link removed. Please read our terms of service. Since your new here please get approval from one of the admins or mods before posting outbound links.

 

 

Welcome to the community.

[stroked89coupe]

Follow this guide. http://creditboards.com/forums/index.php?showtopic=476200

 

 

 

The only reason that someone would suggest doing it that way would be so that it would help your file be created with those cra's.

 

 

This will also make you suffer with a hard pull to your personal credit since those accounts do not offer non pg accounts. Not chase anyway. And maybe not citi or ge depending on which account you are going for.

[neuro77]

Thanks for the welcome & the helpful response! I'd read though the credit building pinned post before & hadn't seen that suggestion included so I was curious. I'll have to remember about the external links. Thanks.

[stroked89coupe]

Your file being created automaticly with Experian and Equifax business is normal after your business information gets ''out there''. I would avoid allowing dnb to automaticly create a file for you. If can cause problems with you accressing your file if they have incorect owner information for you, for example.