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00:00all right guys welcome back to a another video i'm super excited to walk you guys on this this
00:07is applying for chase bank this is absolutely my number one favorite best bank to develop a
00:15relationship with because they have awesome benefits on the personal side and traditionally
00:21they give very high credit limits on the zero percent interest business credit card side so
00:28this is definitely a big one you're going to want to pay attention to and a bank we're going to want
00:33to prioritize the most because they have this thing called the five and 24 rule the rule states
00:40that if you've opened five or more new credit card accounts across any bank within the last 24 months
00:49then you're not going to be eligible to be approved for certain chase credit cards this means that if
00:55you have opened five or more credit card accounts within the last two years chase is going to deny
01:01you on your application even if you meet all their other eligibility requirements so
01:06again they have really high credit limits on the business credit side and if we've exceeded this
01:12five and 24 rule then we're not going to be eligible but if you haven't already met that five
01:19and 24 rule let's say you're at four and 24 if you don't apply for or if you do apply for a business
01:27credit card from chase it's not going to count towards the five and 24 so let's say you had four
01:33credit cards you applied for in the last 24 months and you applied for one business credit card
01:38with chase that doesn't count towards the five it's still four and 24 and
01:43they are only considering personal credit cards so if you've applied for four personal credit cards
01:51and then you also have like a loan a mortgage anything like that that doesn't count towards
01:57this five and 24 so it'll still say four and 24 so just be knowledgeable of that because
02:04chase bank we're going to want to be getting funding with them as soon as possible and if you are past
02:10that five and 24 rule you're going to have to wait at least a year for that break in between before
02:16they'll approve you for any more sort of credit cards whether it's the personal or business side
02:20so chase bank is very heavy on relationships so anytime you have a chase checking account open
02:27ideally where money is being deposited in and out of it before applying for the credit card your
02:33approval odds are going to increase this goes for both personal and business credit now i'm about to
02:40walk you guys through the recommended cards to apply through with chase and i'm going to go
02:46through their benefits why you want them and some of the requirements they're going to be looking for
02:53before you apply so you don't get denied all right guys let's go through the top chase credit cards that
02:59we're going to apply to so number one on the list is the chase freedom unlimited card we got it up here
03:06i'm going to include the link to apply you get uh some bonus perks when you use my referral so please
03:11use that um but the awesome couple things just to highlight right is you get 150 bonus for the sign
03:19on just by spending 500 within the first three months that's super easy to do um and you'll be good
03:25to go so the other cool benefits with this is you're going to get five percent cash back on travel
03:31again the thing to remember is this is when it's purchased through the chase ultimate reward so
03:37anytime you're going to get a flight or a hotel anything like that make sure to go through the
03:43chase ultimate rewards and use that card there to get that five percent cash back earn three percent on
03:49dining including takeout and eligible delivery services so that could be like uber eats or something
03:55three percent on drugstore purchases and then one point five percent on all other purchases so
04:02tons of cash back tons of point value you're going to get from here then the other cool thing too is
04:09this is actually a zero percent interest for 15 months um this includes for any purchases or balance
04:17transfers meaning if you need to pay off let's say you have a personal credit card that you can't pay off
04:23and it's got a higher interest rate on it what you could do is pay this card with a higher interest
04:29rate with the chase freedom now you just brought this higher interest rate down to zero percent so
04:35now you have more breathing room and time to pay back that card without having to dig yourself hole
04:41in a hole of high interest debt so really cool stuff there um the other big part is there's no annual fee
04:48right you you lose nothing from having this card so this is really cool um so that's just kind of a
04:55highlight of the benefits from this card i really recommend on using this um again this is on the list
05:02of high credit limit cards too so don't be surprised when you get something uh a pretty high credit limit
05:09on it so awesome regards to getting approved for the chase freedom really all chase is wanting you to
05:16have is a minimum score of at least 690 if you have a minimum score of at least 690 you're going to be
05:22in a really good high percentage probability of actually getting approved for this card so make
05:30sure your credit's in good checks so you're not applying getting a hard inquiry and getting a denial
05:35so um as long as you got that you'll be good to go to get approved so next card on the lineup is
05:42chase sapphire options so they've got the chase sapphire preferred card and the chase sapphire
05:48reserve i'm going to go through both of them just because people might have different requirements or
05:53the annual fee might be a little much for them but chase sapphire preferred is the lower tier
05:59chase sapphire card but this is an awesome card as well um just looking at this you get a 60 000
06:06bonus points after you've spent 4 000 within the first three months um should be pretty easy but
06:13let's say you're not able to make that four thousand dollar purchase within the three months
06:17what you could always do is call the number on the back of the card give them a story like hey i got this
06:22card um because i wanted to get the sign-on bonus i don't think i'm going to be able to get it is there
06:27any way i could get an extension on it and a lot of times they'll they'll give you three months six
06:33months even sometimes a year um but the other people on the line are very helpful they're all
06:38about customer service and they want your business so just give them a good story and you know be
06:42polite and they'll treat you the same but this 60 000 bonus that's worth 750 dollars worth of travel
06:51when you redeem it through the chase ultimate reward so that's a huge 750 bucks that's a free hotel
06:57free flight um so there's a lot of benefits for that um in terms of the other benefits
07:04you get 5x points on travel when you purchase it through the chase ultimate rewards and then 2x on
07:13all other travel purchases 3x on dining 3x on groceries 3x on streaming services plus one point per
07:26dollar spent on all other purchases so chase sapphire preferred really good choice also gives high
07:39credit limits for this card i would highly recommend be it but it is i believe it's like a 95 yep 95
07:50annual fee so be mindful of that don't worry about the annual fees because the amount of points that
07:57you're going to be getting from this card i think are completely outweigh the cost you're paying to be
08:05a member of the card so go ahead and apply if that's something for you the next card we're going to be
08:09talking about is chase sapphire reserve that's the top tier card for the chase sapphire preferred make
08:15sure you're at least at a 700 credit score before applying um as long as you got that you're going
08:21to be a shoe-in for actually getting approved all right so this is the mother of all chase cards the
08:28chase sapphire reserve so there's a the top tier travel card it's got some awesome benefits but quickly
08:35just kind of going through those rewards and benefits you're going to get 60 000 bonus points when
08:40you spend 4 000 within the first three months um that's 900 towards travel when you redeem it through
08:47the chase ultimate rewards portal um and then on top of that they have so many partnerships for example
08:53like um lift pink services which i i forget how much it costs i think it's a monthly fee but they have
09:01so many partnerships with other businesses that you could opt in for this additional value with their
09:07partners to get you know free um lift pink um where you get priority over normal lift uh people who
09:17are trying to get picked up um what's the other one instacart they give you the gold membership for i
09:22think for like a year so tons of value it's worth twelve hundred dollars when you use all of them
09:27the other big thing is a three hundred dollar annual travel credit so
09:32anytime uh every year this renews so you get three hundred dollars on any purchases you made in travel
09:40so let's say you bought a three hundred dollar fight they're gonna credit that back to your account
09:46and now that flight is free so that can do anything with travel it can be flights um car rentals hotels
09:52anything like that so if you like to travel like me this is going to be really helpful
09:56now for the day-to-day purchases this is awesome because you get 5x points on flights when you
10:03purchase it through chase ultimate rewards and after the first 300 spent on travel purchase annually so
10:09this is 5x after you've already spent the 300 because you get that 300 credit
10:15and then you're gonna earn 10x points on hotels and car rentals when purchased through chase
10:23earn 3x points on dining and then 10x points on chase dining so chase dining is anytime you purchase
10:33a chase dining experience through their portal so that's a huge multiplier of 10x and then
10:39you get 50% more value when you redeem travel through chase so when you redeem your travel through chase
10:49there's there's that 50% more value on that so that's really cool and the other thing too is
10:56i like to fly a lot so you get complimentary airport lounges so this is really cool if you've ever been in
11:03an airport lounge they got free drinks free food all this cool stuff um so you're not just having to
11:08wait uh out in the seats with everybody else that looks super grumpy so um other big thing is the global
11:14entry and tsa pre-check so you get to choose but basically when you're going through gonna get a flight
11:22you know how everybody has to take off their shoes stay in that line um i have the tsa pre-check and
11:29global entry and this has saved my butt multiple times for showing up last minute to flights so this is
11:34really cool now the other thing that's not listed on here i guess this would be part of the um
11:40um that additional partnership value is anytime you rent a car it comes with insurance so you don't
11:49have to purchase let's say if you're going through hertz car rentals as long as you pay for the car
11:55rental with your chase sapphire reserve card you don't have to pay any of that insurance and that
12:01the insurance honestly doubles the price anytime you get a car rental like if the car rental says it's
12:06a hundred dollars a day expect another hundred dollars in fee per day with the insurance and
12:11that gets completely waived for any um accident it's an accident waiver insurance uh for the car rental
12:20so this is really cool now the big caveat is this has a lot of benefits so it does come with a cost
12:27and it's 550 annual fee you might be thinking ouch but in reality look this thing is going to pay
12:34itself off already 300 is given back to you in annual travel credit not to mention all the other
12:41partnerships and all the other things they pay for so really highly highly recommend this card
12:46um in order to get approved for the chase sapphire reserve make sure you have at least a 720 and up
12:53and you should be good to go but that's the list of the chase credit cards i recommend getting
12:59they also have um flight cards as well so they've got stuff like you know a partnership with united
13:07and southwest i actually have the southwest card because i love southwest to death um you could go
13:12for any of those as well they might not give you as higher credit limits than these cards but if you
13:18like to fly a lot those are also options you might want to look into as well but that's it guys
13:23chase sapphire reserve preferred chase freedom all amazing cards we want to develop a relationship
13:30with them early on because they're going to give high credit limits and on the personal side and high
13:36credit limits on the business side and one of the really cool things with chase is they do this thing
13:45they're one of the few banks that lets you do this but they do what's called a chase credit limit
13:50transfer and basically you're able to move credit limits from one card to the other so let's say
13:57you have 10k credit limit on the freedom card and 10k credit limit on the reserve let's say you
14:03expect to put a lot of spend on the reserve card you could put 9 000 credit limit from the freedom
14:09over to the reserve now it's 1k credit limit on the freedom and 19k on the reserve and the other
14:18cool hack with this that's going to help you with getting more business credit funding is chase
14:24looks at comparable credits with their own cards meaning if you have one credit card with them that
14:30has a super high credit limit that increases the odds of getting even higher credit limits on the
14:36business side so that's why we want to prioritize having you know two cards with chase because we'll be
14:44able to keep stacking more credit limits on top of that but that's it for chase um and i'll see you
14:50guys in the next video actually one more thing that i wanted to mention regarding the chase is actually
14:57applying so let me pull up those notes so when it comes to applying for chase cards you only want to
15:06apply for no more than two cards at once if you want a third card with them you want to wait 30 to 90
15:12days to let them see activity on the first couple cards you get approved for so you could build up
15:18that trust and now they're going to give you a third card so the more you spend and pay back the
15:24better odds you're going to get on the next approval so the other thing is if you are applying for a chase
15:30personal card and chase business card you're going to want to apply for the personal card first in the
15:35sequence before you apply for any chase business credit cards please make sure you watch the
15:42chapter four of the business credit sections because i'm just kind of quickly kind of going
15:47over some of the requirements leading up to that so don't get too hasty make sure to finish that
15:52whole section as well and yeah after that you guys should be good to go um and i'll see you guys in
16:01the next videos we're going to be talking about prioritizing relationships with amex so peace
16:05out much love see you guys soon
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