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Chase Ink Business Preferred (2016 - 2020 ARCHIVED)

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Old Nov 14, 2016, 5:35 pm
FlyerTalk Forums Expert How-Tos and Guides
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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  • 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
- 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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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

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Chase Ink Business Preferred (2016 - 2020 ARCHIVED)

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Old Jun 5, 2019, 9:56 pm
  #976  
 
Join Date: Feb 2009
Posts: 6,606
I have an INK plus card that is about 5 years old, I sink below 5/24 soon. Can I also get an Ink Preferred card ? Thanks
flyer4512 is offline  
Old Jun 6, 2019, 6:45 am
  #977  
 
Join Date: Sep 2011
Posts: 1,857
Originally Posted by flyer4512
I have an INK plus card that is about 5 years old, I sink below 5/24 soon. Can I also get an Ink Preferred card ? Thanks
Yes you can.
pallhedge is offline  
Old Jun 6, 2019, 9:52 pm
  #978  
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,900
Applied to the card on May 16th, got standard 'we have received your application'. No update since. Called automated number yesterday and got 'we will make decision in 7-10 business days'.

I guess this is normal.
invisible is offline  
Old Jun 8, 2019, 6:37 am
  #979  
 
Join Date: Apr 2002
Posts: 2,948
Applied for the card on June 5th (sole proprietorship) and received the decision pending message. Called in immediately and was approved with a $44K credit limit. No questions were asked.
Diplomatico and cuthroat like this.
TTT103 is offline  
Old Jun 8, 2019, 7:39 am
  #980  
 
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,193
Originally Posted by TTT103
Applied for the card on June 5th (sole proprietorship) and received the decision pending message. Called in immediately and was approved with a $44K credit limit. No questions were asked.
That is one of the largest credit limits I've seen reported lately (for this card). Cheers.
Diplomatico is offline  
Old Jun 8, 2019, 8:47 am
  #981  
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Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
Originally Posted by Diplomatico
That is one of the largest credit limits I've seen reported lately (for this card). Cheers.
The credit limit is even much less important with business credit cards. Utilization is not even reported. I care less about it.

I have repetitively asked to lower my CLs on both personal and business cards. High CLs become burdens to apply for more credit. Some on the same day of applications and approvals.

For high CLs, I have a couple of AmEx cards without hard CLs. Just in case I need it.
RedSun is offline  
Old Jun 8, 2019, 12:10 pm
  #982  
 
Join Date: Apr 2002
Posts: 2,948
Originally Posted by Diplomatico
That is one of the largest credit limits I've seen reported lately (for this card). Cheers.
Yes, that definitely surprised me, as I have two other Chase cards.
TTT103 is offline  
Old Jun 8, 2019, 12:13 pm
  #983  
 
Join Date: Apr 2002
Posts: 2,948
Originally Posted by RedSun
The credit limit is even much less important with business credit cards. Utilization is not even reported. I care less about it.
I agree that the credit limit is a non-issue for me, as I have never in my life carried a balance, and this card will not be my primary card.
TTT103 is offline  
Old Jun 10, 2019, 9:34 am
  #984  
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,900
OK, my application got denied despite >800 credit score in all agencies and >15 years relationship with Chase and currently existing two accounts - Ink Cash and Sappore.

I, as was suggested by some here, put my physical address instead of EIN number in the application and security team now wants proof of business physical address.

Well, will let it go.
invisible is offline  
Old Jun 10, 2019, 9:40 am
  #985  
mia
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Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
Originally Posted by invisible
.... put my physical address instead of EIN number in the application ....
I think there is a misunderstanding. If you apply as a Sole Proprietor you can use your exact legal name as the business name, and your Social Security number in lieu of EIN. If you add any words to your name the issuer will require documentation.
cuthroat likes this.
mia is offline  
Old Jun 10, 2019, 10:23 am
  #986  
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,900
Originally Posted by mia
I think there is a misunderstanding. If you apply as a Sole Proprietor you can use your exact legal name as the business name, and your Social Security number in lieu of EIN.
That's what I did.
invisible is offline  
Old Jun 10, 2019, 10:35 am
  #987  
mia
Moderator
 
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
Originally Posted by invisible
....security team now wants proof of business physical address......
Do you live at the address that you used?
mia is offline  
Old Jun 10, 2019, 10:55 am
  #988  
 
Join Date: Apr 2014
Posts: 540
Originally Posted by invisible
OK, my application got denied despite >800 credit score in all agencies and >15 years relationship with Chase and currently existing two accounts - Ink Cash and Sappore.

I, as was suggested by some here, put my physical address instead of EIN number in the application and security team now wants proof of business physical address.

Well, will let it go.
Proof of physical address seems like an easy item to come up with. You can probably provide them with a utility bill with your name on it (since you used your name for the application). Your cellphone bill would probably work as well. Did you ask them what would suffice to address their concern in terms of proof of physical address? I don't think that you should give up just yet since what they are asking for does not seem all that onerous IMO.
halamadrid is offline  
Old Jun 10, 2019, 3:35 pm
  #989  
FlyerTalk Evangelist
 
Join Date: Mar 2010
Programs: DL, OZ, AC, AS, AA, BA, Hilton, Hyatt, Marriott, IHG
Posts: 19,901
Originally Posted by mia
Do you live at the address that you used?
Does that even matter? If that address is the same address as his Sapphire card and it's been his address on his credit report for years, why would Chase start questioning it? If this was his first card and his address appears to be new on his credit report, then I can understand why Chase would ask.
lsquare is online now  
Old Jun 10, 2019, 9:18 pm
  #990  
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,900
My question now is - does to worth to stop by at one of Chase branches and talk to local banker trying to apply the card again?
invisible is offline  


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