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 Sep 6, 18, 12:49 am
  #811  
 
Join Date: Apr 2014
Posts: 363
Originally Posted by flyingsna View Post
Unfortunately, it doesn't appear. I've read a few DP saying Chase is now experiencing (forcing) delays on bonus UR points by 4-6 weeks
For me it showed up (in the UR summary page) closer to the closing date of the statement (I'd met the spend in the previous statement as well). I would just keep checking, but I guess it does seem to align with the 4-6 week timeline. I also think that rather than avoid people cancelling before the annual fee hits, they are probably building a little buffer in case there are any returns that bring your spend under the required amount (most return periods are <30 days).
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Old Sep 6, 18, 11:25 pm
  #812  
 
Join Date: Aug 2018
Programs: spg, MR
Posts: 8
Originally Posted by flyingsna View Post
Following up on the recent forced delays for bonuses: Applied and approved early Aug. Met the MSR well within 3 weeks (mostly organic). Statement posted on the 26th showing purchases $5,200+.. still no bonus received or pending for that matter. Called and csr explained that it should post this upcoming statement. We'll see!
I'm in the same boat. I opened the card in early August. Spent right away. I did receive my first UR points. But on my next statement, it does not reflect the bonus. I also got the Ink Business Preferred. Same boat there. Hoping it will come soon so I can book on flights soon.
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Old Sep 7, 18, 10:46 am
  #813  
 
Join Date: Jan 2013
Posts: 277
same boat...on 3 cards between me and wife. Met spend well before the statement cut date. Did not show up on first statement and points do not show as pending on UR site for next statement. This is for CSP, CIP, and CFU.
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Old Sep 10, 18, 10:41 pm
  #814  
 
Join Date: Apr 2017
Posts: 98
The annual fee just hit. What are the options for downgrading? How long do I have to make the decision and avoid paying the annual fees?
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Old Sep 10, 18, 11:13 pm
  #815  
Moderator: Credit Card Programs & Chase Ultimate Rewards
 
Join Date: Aug 2002
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Originally Posted by good_boy_1234 View Post
The annual fee just hit. What are the options for downgrading? How long do I have to make the decision and avoid paying the annual fees?
Ink Freedom or FU; 30 days. Please read the WIKI.

Last edited by philemer; Oct 2, 18 at 1:23 pm
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Old Sep 11, 18, 1:56 am
  #816  
 
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Gold, Marriott Titanium, UA Silver, Mobile Passport Unobtanium
Posts: 4,838
Originally Posted by philemer View Post
Ink Freedom or FU and 30 days. Please read the WIKI.
You might want to re-think that response.

(Maybe too many IPAs......lol.)
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Old Sep 11, 18, 1:55 pm
  #817  
 
Join Date: Oct 2012
Location: Washington, D.C.
Posts: 329
I called a Chase Branch to speak to a BRM and got a hold of one. I was asking about the hours that he's in and he was saying that for the purposes of applying for a credit card, that any of the "business specialists" in the branch would be able to help me apply. He mentioned that Chase is changing the role of the BRMs and that they only deal with businesses with over $1M of revenue. Not sure if maybe he was referring to a Chase Preferred Client arrangement? Either way, what I want to know, is do I absolutely have to have my application processed by the BRM, or does anyone have experience going through a normal "business specialist" that is at any branch?
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Old Sep 11, 18, 3:06 pm
  #818  
 
Join Date: Sep 2011
Posts: 1,140
Originally Posted by mpeterson78 View Post
I called a Chase Branch to speak to a BRM and got a hold of one. I was asking about the hours that he's in and he was saying that for the purposes of applying for a credit card, that any of the "business specialists" in the branch would be able to help me apply. He mentioned that Chase is changing the role of the BRMs and that they only deal with businesses with over $1M of revenue. Not sure if maybe he was referring to a Chase Preferred Client arrangement? Either way, what I want to know, is do I absolutely have to have my application processed by the BRM, or does anyone have experience going through a normal "business specialist" that is at any branch?
I'm assuming you are over 5/24. You can check with any banker in-branch for pre-approvals which should bypass 5/24. Make sure the disclosure form that you sign has a fixed APR to confirm a valid pre-approval. Don't let the banker proceed until you're sure.

If you're not pre-approved for this card, then you'll need the BRM to submit your app to bypass 5/24.
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Old Sep 11, 18, 7:38 pm
  #819  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,051
When I went to the branch to open my business checking, I asked the banker to check any business card pre-approval. But she could not find any. Is it work the risk to ask her to send any new application? This is a real business and I get EIN and all business doc binder. I've had the business Marriott card open for almost a year.

I'm about 11/24. I should be 5/24 by next year, 8/2019. Or it is worth a hard pull?
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Old Sep 12, 18, 8:49 am
  #820  
 
Join Date: Sep 2011
Posts: 1,140
Originally Posted by RedSun View Post
When I went to the branch to open my business checking, I asked the banker to check any business card pre-approval. But she could not find any. Is it work the risk to ask her to send any new application?...
I'm about 11/24.
There's no point in applying without a pre-approval. Virtually guaranteed denial. I wouldn't bother.
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Old Sep 17, 18, 11:08 am
  #821  
 
Join Date: Apr 2017
Posts: 98
Originally Posted by philemer View Post
Ink Freedom or FU and 30 days. Please read the WIKI.
Thanks. Are you sure about the 30 days? I remember from personal cards that it's 60 days for downgrade that's why I wanted to double check if it's different for business cards.
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Old Sep 18, 18, 6:27 am
  #822  
 
Join Date: Sep 2011
Posts: 1,140
Originally Posted by good_boy_1234 View Post
Thanks. Are you sure about the 30 days? I remember from personal cards that it's 60 days for downgrade that's why I wanted to double check if it's different for business cards.
It's changed. At last check, it was a full refund if you product change within 40 days of the Statement Date that has the AF on it. It's the same for personal and business cards. This policy can change at any moment without notice.
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Old Sep 18, 18, 7:01 am
  #823  
 
Join Date: Aug 2007
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Posts: 4,838
Originally Posted by philemer View Post
Ink Freedom or FU and 30 days. Please read the WIKI.
Originally Posted by good_boy_1234 View Post
Thanks. Are you sure about the 30 days? I remember from personal cards that it's 60 days for downgrade that's why I wanted to double check if it's different for business cards.
You also cannot downgrade your business credit card to a Freedom or FU (personal cards), as you were advised in post #815 .
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Old Sep 18, 18, 2:30 pm
  #824  
 
Join Date: Aug 2018
Programs: Southwest Rapid Rewards
Posts: 1
Here's a data point I haven't seen. Applied for my first business card, the CIP 8/14. Currently 3/24, Hilton Honors Aspire, August 2018, Chase Freedom Unlimited August 2018, Alaska Airlines, Sept. 2018. Older cards include 2 Capital one Platinums (12 years old), Citi Costco Card, 2016 and US Bank REI Card, 2016. FICO 820, Utilization >5%. Called the automated line daily, got the "30 day's" message. Today I was called by a Chase rep who asked me about my business (type and history), number of employees, my income (amount and source) and if I had a mortgage (I don't). After answering the questions she said they'll send the welcome package within 7 days. Following the several data points I had seen previously, I deliberately called only the automated line. I planned on calling recon if I was declined, but did not expect a direct call with all the questions . It's funny - going to lots of job interviews have made me better at thinking on my feet. I used to get nervous as hell.

New applicants should be prepared to answer some questions.
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Old Oct 2, 18, 11:59 am
  #825  
 
Join Date: Oct 2012
Location: Washington, D.C.
Posts: 329
Went to a BRM to get a CIP 2 weeks ago. I have a real business and went through the motions to get the application put in specifically by the BRM. He verified my business was legit and said everything looked good. At the time, he told me it was approved, but that it would be sent to some other department for verification. One week later, I get a letter in the mail saying that my application was denied for the standard 5/24 reason: Too many recent accounts. What gives? I thought the BRM was supposed to be a work-around. Did he mess up somehow? Did I? I've called and emailed him to try to get some info from him but he hasn't returned my calls or emails. Not sure what to do at this point.

Any ideas?
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