Chase Ink Business Preferred

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Old Jun 26, 19, 11:50 am   -   Wikipost
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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
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Old Aug 12, 18, 12:53 pm
  #781  
 
Join Date: May 2009
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Originally Posted by TravelPhotographer View Post

Can spouses both own a single sole proprietor business?
(one spouse elevating other to co-owner vs. a significant helper)
Is it not even necessary or is ChaseInkBusnPref all about being an owner???
No. If two people own the business, it is not a sole proprietorship. Sole = single, exclusive, not shared.

Is what not even necessary?

Depending on the business structure selected, ownership of the business isn't a requirement per se, but you must meet the requirements set forth under "Certifications" on the application form in order to apply for the card.
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Old Aug 12, 18, 3:53 pm
  #782  
mia
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Originally Posted by 84fiero View Post
No. If two people own the business, it is not a sole proprietorship. ....
There are some exceptions for spouses:

https://www.irs.gov/faqs/small-busin...ities/entities
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Old Aug 12, 18, 9:46 pm
  #783  
 
Join Date: Mar 2018
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Does Plastiq still code as 3x?
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Old Aug 13, 18, 7:52 am
  #784  
 
Join Date: May 2009
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Originally Posted by mia View Post
There are some exceptions for spouses:

https://www.irs.gov/faqs/small-busin...ities/entities
Unincorporated businesses jointly owned by spouses are treated as partnerships by the IRS by default. Only if certain requirements are met is it deemed a qualified joint venture and treated as a sole proprietorship for tax purposes - it isn't an actual sole proprietorship - and may or may not be considered such for other purposes.

It isn't clear Chase includes qualified joint ventures in their definition of sole proprietorship - they may, they may not. But even if Chase accepts spouse qualified joint ventures as "Sole Proprietorship", the OP's wife can't use that option as they haven't set their business up to meet the qualified joint venture exception (among other things, OP and wife are filing separately). OP should consult an accountant if the two wish to pursue a filing as a qualified joint venture for IRS purposes.
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Old Aug 18, 18, 5:59 pm
  #785  
 
Join Date: Mar 2018
Posts: 8
Dramatic news today : Plastiq no longer codes as 3X with the CIP

Any idea on how to take advantage of the CIP ? Have you tried purchasing GC with the CIP at USPS ?
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Old Aug 18, 18, 7:50 pm
  #786  
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Originally Posted by la_cigogne View Post
Dramatic news today : Plastiq no longer codes as 3X with the CIP

Any idea on how to take advantage of the CIP ? Have you tried purchasing GC with the CIP at USPS ?
Y'all think this is just coincidence?

https://www.cnbc.com/2018/08/16/29-y...n-rewards.html

https://guce.oath.com/collectConsent...xperiment=null
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Old Aug 22, 18, 10:46 pm
  #787  
 
Join Date: Aug 2018
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How many Chase Ink Preferred Cards can you have?

I have a question that I can't seem to find the answer for. I have two new LLC's starting up. Can I apply for two separate Ink Business cards and collect the bonus twice?
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Old Aug 24, 18, 5:57 am
  #788  
 
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Originally Posted by dadbug View Post
I have a question that I can't seem to find the answer for. I have two new LLC's starting up. Can I apply for two separate Ink Business cards and collect the bonus twice?
Assuming each LLC has its own unique Tax ID number, then yes you can. I would still space the apps out by 60-90 days, just to avoid any application velocity concerns from Chase.
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Old Aug 29, 18, 3:48 am
  #789  
 
Join Date: Jul 2001
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New chase ink business preferred

I was approved today. The bank manager says he’ll get it fed ex’ed to house.

I need to to pay $1200 for tree service. The owner wanted me to write him check but agreed to get check from plastiq. Plastiq will take several days to process. I’d like to pay tree service guy quicker than that.

can I get help with suggestions for other options to pay the tree guy but still put it on the Ink?
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Old Aug 29, 18, 9:12 am
  #790  
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Originally Posted by gardengirl View Post
I was approved today. The bank manager says he’ll get it fed ex’ed to house.

I need to to pay $1200 for tree service. The owner wanted me to write him check but agreed to get check from plastiq. Plastiq will take several days to process. I’d like to pay tree service guy quicker than that.

can I get help with suggestions for other options to pay the tree guy but still put it on the Ink?
No, just use plastiq. He agreed to accept it.
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Old Aug 29, 18, 1:22 pm
  #791  
 
Join Date: Oct 2012
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Is the 100K in-branch offer with a BRM still happening? Or was that a limited time only? Headed to a city with branches next weekend and would like to know what to expect.
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Old Aug 29, 18, 4:20 pm
  #792  
 
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100k ended Monday
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Old Aug 30, 18, 7:14 pm
  #793  
 
Join Date: Feb 2013
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Can my wife add me as an AU (on Ink Cash card) even though I am not an employee of hers?
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Old Aug 30, 18, 9:54 pm
  #794  
 
Join Date: Aug 2009
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Originally Posted by SuperKirby View Post
Can my wife add me as an AU (on Ink Cash card) even though I am not an employee of hers?
yes
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Old Aug 30, 18, 10:59 pm
  #795  
 
Join Date: Apr 2014
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Originally Posted by SuperKirby View Post
Can my wife add me as an AU (on Ink Cash card) even though I am not an employee of hers?
Are you sure about that ... and yes she can
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