Nov 14, 2016, 5:35 pm
Last edit by: CodeAdam10
THIS THREAD IS NOW ARCHIVED.
PLEASE CONTINUE THE DISCUSSION HERE: https://www.flyertalk.com/forum/chase-ultimate-rewards/2031752-chase-ink-business-preferred-2021-onward.html
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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.
: 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
PLEASE CONTINUE THE DISCUSSION HERE: https://www.flyertalk.com/forum/chase-ultimate-rewards/2031752-chase-ink-business-preferred-2021-onward.html
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- 100,000 Chase UR points after $15K spend in 3 months, with $95 annual fee (not waived the first year)
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.
: 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
- For reports on what qualifies as travel expenses, see https://www.flyertalk.com/forum/chas...solidated.html
- 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
- 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
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Landing page for all INK cards: https://creditcards.chase.com/a1/ink-business-compare-cards/nov?CELL=6RRW&jp_cmp=cc/Ink-General_Brand_Exact_Ink_SEM_US_Desktop_Standard_NA/sea/p56076138828/Business+Card+-+Chase+-+Ink&ds_rl=1268784&ds_rl=1238366&ds_rl=1238420&gcl id=EAIaIQobChMIoIqR-oic7QIV1x6tBh3k0gDyEAAYASAAEgItB_D_BwE&gclsrc=aw.d s
Chase Ink Business Preferred (2016 - 2020 ARCHIVED)
Jul 10, 2017, 5:44 pm
#346
Join Date: Jan 2016
Posts: 31
I was originally planning to apply for the ink cash card but now want to go for the ink preferred sign up bonus.
Has anyone successfully product changed the new ink preferred to the ink cash after year 1?
Has anyone successfully product changed the new ink preferred to the ink cash after year 1?
Jul 10, 2017, 6:58 pm
#347
Join Date: Jan 2015
Posts: 159
I'm not sure the Ink Preferred has even been out for a year yet. That's what I'm hoping to do though. I don't get enough value out of the Preferred's category to pay the $95 AF after year 1, so I'm hoping I can product change to an Ink Cash.
Jul 10, 2017, 7:49 pm
#348
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Jul 10, 2017, 8:16 pm
#349
Join Date: Jan 2016
Posts: 31
Jul 12, 2017, 8:01 am
#350
Join Date: Jan 2005
Programs: AA-EXP, LATAM Gold+, BA-Blues
Posts: 720
For one of my businesses, I've had the Ink Preferred for about six months now, and I'm quite happy with the point earning and the customer service.
Just received an e-mail suggesting I could invite other business owners to apply for the card, with a 20,000 point referral bonus to me (and 80,000 to them, after $5k in spending in 1st 3 months).
I've invited several friends already - would be cool if they went for it. But it also occurs to me that I could use this product for another of my businesses, and am considering applying for another card myself. Two questions about this:
1) If I apply for a 2nd Ink Preferred Card (for a totally separate business, albeit a sole-proprietorship also under my SSN), am I eligible to earn another 80,000 bonus for the new account, while still keeping open my current Ink Preferred (for my primary business)?
2) In either case: is it possible to send a referral to myself (from one business e-mail address to another), thus earning the referral bonus for my primary business?
I've tried finding info above in this thread, but didn't find much advice about multiple Ink Preferred accounts, nor about referrals to secondary businesses.
Cheers,
Checkerboard
Just received an e-mail suggesting I could invite other business owners to apply for the card, with a 20,000 point referral bonus to me (and 80,000 to them, after $5k in spending in 1st 3 months).
I've invited several friends already - would be cool if they went for it. But it also occurs to me that I could use this product for another of my businesses, and am considering applying for another card myself. Two questions about this:
1) If I apply for a 2nd Ink Preferred Card (for a totally separate business, albeit a sole-proprietorship also under my SSN), am I eligible to earn another 80,000 bonus for the new account, while still keeping open my current Ink Preferred (for my primary business)?
2) In either case: is it possible to send a referral to myself (from one business e-mail address to another), thus earning the referral bonus for my primary business?
I've tried finding info above in this thread, but didn't find much advice about multiple Ink Preferred accounts, nor about referrals to secondary businesses.
Cheers,
Checkerboard
Jul 12, 2017, 12:03 pm
#351
Join Date: Apr 2008
Posts: 615
You won't be able to get your bonus b/c it's tied to SSN rather than EIN.
In other news, Additional DP for CIP: Gyft (direct purchase) still codes as 3X. That's how I do all my grocery (Target, Whole Foods, etc.) shopping.
In other news, Additional DP for CIP: Gyft (direct purchase) still codes as 3X. That's how I do all my grocery (Target, Whole Foods, etc.) shopping.
Jul 13, 2017, 6:43 am
#353
Join Date: Apr 2017
Posts: 8
1) If I apply for a 2nd Ink Preferred Card (for a totally separate business, albeit a sole-proprietorship also under my SSN), am I eligible to earn another 80,000 bonus for the new account, while still keeping open my current Ink Preferred (for my primary business)?Checkerboard
It may not cut any ice with Chase, but you can get an EIN from the IRS for each separate dba you have, even of you have no employees to report. In some contexts, this helps you unhook your business documents from your SSN even though legally you and all your dbas are one entity. Having the EIN doesn't obligate you to any additional tax form filings.
Jul 13, 2017, 4:14 pm
#354
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
It may not cut any ice with Chase, but you can get an EIN from the IRS for each separate dba you have, even of you have no employees to report. In some contexts, this helps you unhook your business documents from your SSN even though legally you and all your dbas are one entity. Having the EIN doesn't obligate you to any additional tax form filings.
Jul 14, 2017, 1:13 am
#355
Join Date: Apr 2017
Posts: 8
If Chase demands your SSN as the tax id of your dba, then there is none (I don't remember what the application calls for). If they'll accept an EIN, then you can distinguish 2 dbas from each other. SSN and EIN are both valid tax ids for a dba, but a requestor could demand the SSN.
Jul 14, 2017, 1:34 am
#356
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
If Chase demands your SSN as the tax id of your dba, then there is none (I don't remember what the application calls for). If they'll accept an EIN, then you can distinguish 2 dbas from each other. SSN and EIN are both valid tax ids for a dba, but a requestor could demand the SSN.
Jul 17, 2017, 11:28 am
#357
Join Date: Mar 2006
Location: (SJC)
Posts: 2,198
Anyone have experience with the Cell Phone replacement program.
Dropped iPhone 6 (Paid $227+Tax+monthly subsidy)
Pay phone bill on the Ink preferred
The subsidy confuses the true price of the phone. So I only get $127 back (after deductible)?
Does anyone have any data points on this benefit?
Dropped iPhone 6 (Paid $227+Tax+monthly subsidy)
Pay phone bill on the Ink preferred
The subsidy confuses the true price of the phone. So I only get $127 back (after deductible)?
Does anyone have any data points on this benefit?
Jul 20, 2017, 11:36 am
#358
Join Date: Dec 2015
Programs: AA, WN, Amex, ThankYou, Hyatt, IHG, Marriott, SPG, SQ
Posts: 29
Any folks have experience/advice for re-applying for a business card after being denied for insufficient business income? Applied for Ink Preferred 100k in branch with a BRM, 4/24. Initially denied for being 5/24, but during reconsideration call, explained the extra account was an AU account, which the lending agent deemed acceptable.
Got the standard business income/revenue interview during that reconsideration call, before being told the information would be reviewed by a senior lender. Alas, only noted $1,000 income from a small resale business. A week passed and just received a letter noting denial for insufficient business income. Had heard multiple experiences from folks with small eBay resale businesses with $1,000 income being sufficient for approval, so very much regret not noting a larger income.
Is there some precedence for requesting re-consideration, or applying in 30 or 60 days with a higher income? I'd be fine with the $80k CIP at this point...
Thanks
Got the standard business income/revenue interview during that reconsideration call, before being told the information would be reviewed by a senior lender. Alas, only noted $1,000 income from a small resale business. A week passed and just received a letter noting denial for insufficient business income. Had heard multiple experiences from folks with small eBay resale businesses with $1,000 income being sufficient for approval, so very much regret not noting a larger income.
Is there some precedence for requesting re-consideration, or applying in 30 or 60 days with a higher income? I'd be fine with the $80k CIP at this point...
Thanks
Thanks in advance!
Jul 20, 2017, 11:46 am
#359
Join Date: Oct 2014
Location: PHL
Posts: 226
30 days should be sufficient. When 5/24 was new I was denied for the CSP, and it just so happened that I dropped below 5/24 in a matter of a few weeks. I was auto approved for the same card after just a few weeks of waiting.
Jul 20, 2017, 11:55 am
#360
Join Date: Dec 2015
Programs: AA, WN, Amex, ThankYou, Hyatt, IHG, Marriott, SPG, SQ
Posts: 29
Thanks Ratamacue!