Chase Ink Business Preferred

    Hide Wikipost
Old Jun 26, 19, 11:50 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: CodeAdam10
Wiki Link
What's the best current offer?
  • 80,000 Chase UR points after $5K spend in 3 months, with $95 annual fee (not waived the first year)

May 2018: A 100,000 points offer is available from the Business Rep at your local Chase branch office. This is not available online and Chase will not retroactively up-match to this offer, even if you were recently approved via an online application. The 100k in-branch offer was previously available, then discontinued, and now seems to be back at least for Small Business Week 2018. Additionally, for those who may be automatically excluded due to 5/24, the in-branch Business Rep can submit the application by Mail on your behalf (this avoids the application going through the computer check that would automatically exclude those who are already at 5/24.) First year's annual fee is not waived.

October 2018: 100,000 points offer is no longer available. Best offer is 80,000 points after $5,000 in first 90 days.

July 2017: Some members may have a referral link and would be very grateful if you would use it. See this thread: http://www.flyertalk.com/forum/credi...ost-first.html

1) Should I apply using the link above or go to a nearby brick and mortar branch?
Sometimes there are better offers to be had in the branch (as referenced above). Some in-branch apps had/have the $95 AF waived 1st yr (ymmv). You can also have your banker check to see if you are pre-approved for this card (green screen on the banker's log in). However, it is likely simpler/easier to do a Chase business credit application Online as applying in-branch often requires providing documentation (proof of business, etc).
2) How do the rewards differ from other INK cards?
The bonus categories on this card are different than other cards in the INK family, notably, this card does NOT get a bonus at Office Supply stores, but DOES get the following:

3 Points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:

- Travel; including airfare, hotels, rental cars, train tickets, and taxis
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines

- 1 Point per $1 on all other purchases (with no limits on the number of points you can earn).

Also, notably, it follows the Sapphire Preferred personal card in offering a bonus when using points to book travel using the Ultimate Rewards web site: Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 towards travel.*

See discussion on using the UR portal, here: http://www.flyertalk.com/forum/chase...ts-2017-a.html
3) What are the insurance and other benefits provided by this card?
The Benefits Guide is here: https://www.chasebenefits.com/inkpreferred
4) Can I product change from a different INK Card?
Since this card is newly released, options may change in the future, but, at this time, Chase is not permitting product change to Ink Preferred at this time (reported on 11/23/16).
See our ongoing discussion here: http://www.flyertalk.com/forum/chase...16-onward.html
To check app. status find the numbers in the WIKI in this thread: https://www.flyertalk.com/forum/chas...onward-43.html

(888) 269-8690 - Business Credit Card Application Status Line, automated
Print Wikipost

Reply

Old Apr 5, 17, 9:37 pm
  #196  
 
Join Date: Feb 2017
Posts: 50
Originally Posted by mia View Post
It does not cover lost phones.



It's explained in the terms:
Right, but where would say, leaving it in a cab, fall? It's not really "mysterious" or "unexplained" but I also wouldn't really say that location is "unknown" or "impractical" either.
TechBBBFan is offline  
Reply With Quote
Old Apr 6, 17, 3:17 am
  #197  
 
Join Date: Jan 2015
Posts: 156
Originally Posted by TechBBBFan View Post
Right, but where would say, leaving it in a cab, fall? It's not really "mysterious" or "unexplained" but I also wouldn't really say that location is "unknown" or "impractical" either.
That's frustrating to see. They certainly don't advertise the many restrictions, and are touting it as a major benefit of the card. I wonder what percentage of all cell phone insurance claims would be covered under their definition. 10%? It seems a bit disingenuous to me to advertise it as this great benefit, and then to explicitly exclude the #1 reason for cell phone claims (if I had to guess).
Mancolt is offline  
Reply With Quote
Old Apr 6, 17, 8:33 am
  #198  
 
Join Date: Jan 2017
Posts: 39
Here are the terms from the benefits guide

Cellular Telephone Protection
Benefit Information
What is Cell Phone Protection?
Subject to the terms and conditions provided in this Guide to Benefit,
Cellular Telephone Protection will reimburse the eligible Cardholder
(the “Cardholder”, also referred to as “You” or “Your”) for damage
Outside of the U.S., call collect at 1-804-673-1691 49
to, theft of, or involuntary and accidental parting of Eligible Cellular
Wireless Telephones. Eligible Cellular Wireless Telephones are the
lines listed on Your most recent cellular provider’s monthly billing
statement for the billing cycle prior to when the incident occurred.

Cellular Telephone Protection is subject to a one hundred ($100.00)
dollar deductible per claim and a maximum of three (3) claims per
twelve (12) month period. The maximum benefit limit is six hundred
($600.00) dollars per claim and eighteen hundred ($1,800.00)
dollars per twelve (12) month period.
Coverage Information
Who is eligible for this protection?
To be eligible for Cellular Telephone Protection, You must be a valid
Cardholder of an eligible U.S.-issued Chase card and charge Your
monthly cellular wireless telephone bills to Your eligible card. Following
the program effective date set forth above, Your cellular telephone
protection begins the day following your cellular wireless telephone bill
payment and remains in effect until the last day of the calendar month
following the payment. Coverage is suspended if no payment is made
on your eligible card.
I bolded the part that appears to me to cover all lines on the bill that is paid for with the card.
rabbmd is offline  
Reply With Quote
Old Apr 6, 17, 11:42 am
  #199  
 
Join Date: Jun 2014
Posts: 65
Originally Posted by TechBBBFan View Post
Right, but where would say, leaving it in a cab, fall? It's not really "mysterious" or "unexplained" but I also wouldn't really say that location is "unknown" or "impractical" either.
Just curious how the 5/24 rule works on the Ink Preferred.
If I'm over 5/24 on my personal cards but am not over 5/24 on my business cards, did I exceed its threshold? Does the 5/24 rule count all cards regardless of it being personal or business?

Thanks!
xeal is offline  
Reply With Quote
Old Apr 6, 17, 12:14 pm
  #200  
 
Join Date: Aug 2001
Location: NJ, USA
Posts: 647
Darn - unlike Ink Business Plus, this one is asking for a Tax ID # of the business. I had a small business selling homemade knick-knacks. I don't anymore. Grrrr. I guess this is for real current business owners only.
pindi is offline  
Reply With Quote
Old Apr 6, 17, 12:20 pm
  #201  
 
Join Date: Mar 2005
Location: Kansas City, MO
Programs: AA Gold, SPG Gold
Posts: 3,210
Originally Posted by pindi View Post
Darn - unlike Ink Business Plus, this one is asking for a Tax ID # of the business. I had a small business selling homemade knick-knacks. I don't anymore. Grrrr. I guess this is for real current business owners only.
I just got one of these cards for the first time a week ago. I used my SSN number as my tax ID number. I listed my business as sole proprietor. You do not need a FEIN.
susiesan is offline  
Reply With Quote
Old Apr 6, 17, 12:21 pm
  #202  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 38,117
Originally Posted by pindi View Post
... this one is asking for a Tax ID # of the business..
No different than any other business card application. If you click the box it says: Tax Identification Number is required to open a business card account. If you are a Sole Proprietor, please enter SSN.
mia is offline  
Reply With Quote
Old Apr 9, 17, 12:42 am
  #203  
 
Join Date: Apr 2017
Posts: 8
5/24 business vs personal

Originally Posted by xeal View Post
Just curious how the 5/24 rule works on the Ink Preferred.
If I'm over 5/24 on my personal cards but am not over 5/24 on my business cards, did I exceed its threshold? Does the 5/24 rule count all cards regardless of it being personal or business?

Thanks!
My recent online app was rejected in 2 days by letter on 5/24 basis. I have a legitimate corp with no credit cards so the rejection appears based purely on my personal card history. I went to two NY branches and both managers said they had no leeway to affect the algorithmic decisions. One said all their flexibility was taken away last year.

Last edited by bvbb; Apr 9, 17 at 12:43 am Reason: grammar
bvbb is offline  
Reply With Quote
Old Apr 11, 17, 8:13 pm
  #204  
 
Join Date: Apr 2017
Posts: 28
Can someone tell me how your finding out your application status?
I applied for this card on Friday through a branch. I haven't received anything but an email from the rep that i applied with stating that I should hear something in about 5 days.
nychad10 is offline  
Reply With Quote
Old Apr 12, 17, 7:12 am
  #205  
 
Join Date: Apr 2017
Posts: 8
Chase Private Client?

Originally Posted by bvbb View Post
My recent online app was rejected in 2 days by letter on 5/24 basis. I have a legitimate corp with no credit cards so the rejection appears based purely on my personal card history. I went to two NY branches and both managers said they had no leeway to affect the algorithmic decisions. One said all their flexibility was taken away last year.
I spoke to bankers at a 3rd branch -- a busy one in NYC this time. They said that enrolling as a Chase Private Client would give them more leeway to override my algorithmic Ink rejection-- but still no promises. Of course, moving $250K in assets to Chase is an option for very few of us.
bvbb is offline  
Reply With Quote
Old Apr 12, 17, 5:20 pm
  #206  
 
Join Date: Jul 2012
Location: LGB
Posts: 28
Originally Posted by gumercindo View Post
Does the fact that it was gyft make it telecomm or did the addition of paypal as the intermediary drive telecomm classification?

Just did a test run to see how it posts. Still pending...
Also purchased a small amount through Gyft for legit biz spend today. Hoping it will code as 3x.

I am, however, concerned with Chase flagging my account for MS if I continue to use Gyft for larger amounts.

Not interested in MS but would like to get 3x for purchases I'm making every month through Amazon and other merchants with cards on Gyft.
rawrbot is offline  
Reply With Quote
Old Apr 13, 17, 2:12 pm
  #207  
 
Join Date: Jul 2014
Location: North Jersey
Posts: 31


I Put $9,328 spend on Ebay fees and shipping labels made through ebay. Got exactly X3 for all of it, 107,984 total points including the 80k on my first statement.
tokkifierce is offline  
Reply With Quote
Old Apr 13, 17, 2:17 pm
  #208  
 
Join Date: Dec 2004
Posts: 6,840
Originally Posted by tokkifierce View Post


I Put $9,328 spend on Ebay fees and shipping labels made through ebay. Got exactly X3 for all of it, 107,984 total points including the 80k on my first statement.
I assume this is only for Preferred. Is that right? I used to put eBay fees on Plus and Bold and don't remember a bonus (still have the cards). Thanks.
rrgg is offline  
Reply With Quote
Old Apr 13, 17, 2:32 pm
  #209  
 
Join Date: Jul 2012
Location: LGB
Posts: 28
Originally Posted by nychad10 View Post
Can someone tell me how your finding out your application status?
I applied for this card on Friday through a branch. I haven't received anything but an email from the rep that i applied with stating that I should hear something in about 5 days.
Call 1-800-432-3117, press #, 3, 1, enter SSN/EIN used for application. You'll hear your status after that.

30 days = pending review, potentially approved
2 weeks = likely denied
rawrbot is offline  
Reply With Quote
Old Apr 13, 17, 2:53 pm
  #210  
 
Join Date: Jul 2014
Location: North Jersey
Posts: 31
Originally Posted by rrgg View Post
I assume this is only for Preferred. Is that right? I used to put eBay fees on Plus and Bold and don't remember a bonus (still have the cards). Thanks.
Yes the new preferred card. I think it falls under the 3% advertising purchases made with social media sites and search engines.
tokkifierce is offline  
Reply With Quote

Thread Tools
Search this Thread