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)
Aug 2, 2018, 7:53 pm
#766
Join Date: Feb 2008
Location: CHS
Programs: Delta, AA, BA, United, Hyatt Globalist, Hilton Honors Diamond, SPG Marriott Gold, Sixt Platinum
Posts: 1,142
Make sure the payment has posted to your checking account. Call Chase and tell them funds have cleared and you would like them to verify via a 3-way call (Chase will set up) between You, Chase and Your Bank.
When I had a similar issue I messaged and received the following response:
"Dear XXXXX, I would like to inform you that I see that you made a payment of $XXXXX on July 6, 2018. Your payment is pending for additional verification until July 14, 2018. Once we've verified your payment, your funds will be available, and we'll show your payment was effective the day it was received.
We can release the funds earlier, if you ...."
When I had a similar issue I messaged and received the following response:
"Dear XXXXX, I would like to inform you that I see that you made a payment of $XXXXX on July 6, 2018. Your payment is pending for additional verification until July 14, 2018. Once we've verified your payment, your funds will be available, and we'll show your payment was effective the day it was received.
We can release the funds earlier, if you ...."
Aug 2, 2018, 10:12 pm
#767
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,192
Make sure the payment has posted to your checking account. Call Chase and tell them funds have cleared and you would like them to verify via a 3-way call (Chase will set up) between You, Chase and Your Bank.
When I had a similar issue I messaged and received the following response:
"Dear XXXXX, I would like to inform you that I see that you made a payment of $XXXXX on July 6, 2018. Your payment is pending for additional verification until July 14, 2018. Once we've verified your payment, your funds will be available, and we'll show your payment was effective the day it was received.
We can release the funds earlier, if you
- Provide proof that the payment cleared which includes your bank statement showing the dollar amount and date the payment cleared your checking account, or
- Request a three-way call between you, your bank and our payment team by calling the number on the back of your card."
When I had a similar issue I messaged and received the following response:
"Dear XXXXX, I would like to inform you that I see that you made a payment of $XXXXX on July 6, 2018. Your payment is pending for additional verification until July 14, 2018. Once we've verified your payment, your funds will be available, and we'll show your payment was effective the day it was received.
We can release the funds earlier, if you
- Provide proof that the payment cleared which includes your bank statement showing the dollar amount and date the payment cleared your checking account, or
- Request a three-way call between you, your bank and our payment team by calling the number on the back of your card."
Either Chase has a glitch in their system or they are purposely keeping credit limits artificially low by delaying the adjustment after a payment is received. "Pending verification" of a payment when Chase has the cash in hand is double-speak nonsense. Every time someone makes a payment, Chase expects them to set up a three-way call with the customer's bank? I can't imagine a more asinine scenario.
Aug 3, 2018, 5:47 am
#768
Join Date: Aug 2012
Location: BOS/MHT/PVD/BDL
Programs: Belong to Many but No Longer Loyal to Any
Posts: 880
Either Chase has a glitch in their system or they are purposely keeping credit limits artificially low by delaying the adjustment after a payment is received. "Pending verification" of a payment when Chase has the cash in hand is double-speak nonsense. Every time someone makes a payment, Chase expects them to set up a three-way call with the customer's bank? I can't imagine a more asinine scenario.
BTW, in my case it was my Freedom Unlimited card (not CIP).
Also, is this only happening on mid-cycle payments?
Aug 3, 2018, 7:21 am
#769
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Aug 3, 2018, 8:07 am
#770
Join Date: Feb 2008
Location: CHS
Programs: Delta, AA, BA, United, Hyatt Globalist, Hilton Honors Diamond, SPG Marriott Gold, Sixt Platinum
Posts: 1,142
what is the smoothest way to pay these accounts. Push payment from my checking account. Or pull it in from my Chase Ink account?
Aug 3, 2018, 8:41 am
#771
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Aug 3, 2018, 5:25 pm
#772
Join Date: Apr 2018
Posts: 262
Another option is to have a Chase checking account and pay from there. Having the source of the funds and destination within same institution should make resolving credit issues easier.
Aug 3, 2018, 5:33 pm
#773
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,192
I sent an SM to Chase yesterday requesting an explanation - within an hour of sending the SM, my credit limit had been reset. No conference calls with my bank, no bank statements required.
Edit to add: I also think you may be overlooking the fact that customers' outstanding balances are decreased when the payment is made; it's only the credit limit that doesn't get reset. If it really were a "verification" issue, then why would the outstanding balance decrease prior to this theoretical verification?
Last edited by Diplomatico; Aug 3, 2018 at 6:02 pm
Aug 3, 2018, 6:03 pm
#774
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
It's not speculation that when I store my routing number and account number on a card issuer's website, the issuer can see that this is the same information they have used to process previous payments.
I do not know what information they store about payments that I initiate from a bank account.
I do not know what information they store about payments that I initiate from a bank account.
Aug 6, 2018, 8:25 am
#775
Join Date: Oct 2010
Location: Feeder Band Land (South FL)
Programs: seeking best cc sign-up & spend bonus offers
Posts: 863
wife-husband simultaneously applied
self employed sole proprietor + investment income
wife retired + investment income
was told legally spouses can include each other's income when applying...?
we both got 30-day pending message applying online Saturday;
today called Verif Dept 888-204-8630 & I was approved;
wife was advised to send proof of business documentation.
she put her SS# in application business tax# field, perhaps it
should have been my SS# as I pay all taxes?
business documentation = my Schedule C form which
shows business income & business name, but wife name
not on that page, we file taxes separately. Or should she
tell her specific contact at Chase to change her SS# to my SS# in
application business tax# field? Advice appreciated!!
wife retired + investment income
was told legally spouses can include each other's income when applying...?
we both got 30-day pending message applying online Saturday;
today called Verif Dept 888-204-8630 & I was approved;
wife was advised to send proof of business documentation.
she put her SS# in application business tax# field, perhaps it
should have been my SS# as I pay all taxes?
business documentation = my Schedule C form which
shows business income & business name, but wife name
not on that page, we file taxes separately. Or should she
tell her specific contact at Chase to change her SS# to my SS# in
application business tax# field? Advice appreciated!!
Aug 6, 2018, 8:29 am
#776
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Aug 6, 2018, 8:34 am
#777
Join Date: Sep 2011
Posts: 1,857
self employed sole proprietor + investment income
wife retired + investment income
was told legally spouses can include each other's income when applying...?
we both got 30-day pending message applying online Saturday;
today called Verif Dept 888-204-8630 & I was approved;
wife was advised to send proof of business documentation.
she put her SS# in application business tax# field, perhaps it
should have been my SS# as I pay all taxes?
business documentation = my Schedule C form which
shows business income & business name, but wife name
not on that page, we file taxes separately. Or should she
tell her specific contact at Chase to change her SS# to my SS# in
application business tax# field? Advice appreciated!!
wife retired + investment income
was told legally spouses can include each other's income when applying...?
we both got 30-day pending message applying online Saturday;
today called Verif Dept 888-204-8630 & I was approved;
wife was advised to send proof of business documentation.
she put her SS# in application business tax# field, perhaps it
should have been my SS# as I pay all taxes?
business documentation = my Schedule C form which
shows business income & business name, but wife name
not on that page, we file taxes separately. Or should she
tell her specific contact at Chase to change her SS# to my SS# in
application business tax# field? Advice appreciated!!
Aug 6, 2018, 9:57 am
#778
Join Date: Oct 2010
Location: Feeder Band Land (South FL)
Programs: seeking best cc sign-up & spend bonus offers
Posts: 863
b. my self-employment income + my investment income + her relatively smallish mixed retirement income
is it correct that spouses can use each other's income plus their own income in cc applications?
(regardless of their actual involvement, regardless of filing separately?)
Aug 6, 2018, 10:16 am
#779
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
This is accurate when stating your personal income, but it sounds as if you are both trying to apply for a card as the owner of the same Sole Proprietorship business?
Aug 6, 2018, 12:14 pm
#780
Join Date: Oct 2010
Location: Feeder Band Land (South FL)
Programs: seeking best cc sign-up & spend bonus offers
Posts: 863
We both own it but we file taxes separate & I pay all busn-related taxes.
She plays major role in business busywork.
In Chase follow-up for requested documentation, she has emailed my tax form pages showing
a. her name as spouse on my 1040 pg 1
b. my Schedule C showing business name
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???
Last edited by TravelPhotographer; Aug 6, 2018 at 12:21 pm
