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)
Jun 10, 2019, 9:51 pm
#991
FlyerTalk Evangelist
Join Date: Mar 2010
Programs: DL, OZ, AC, AS, AA, BA, Hilton, Hyatt, Marriott, IHG
Posts: 19,900
Jun 11, 2019, 12:50 am
#992
Join Date: Apr 2014
Posts: 540
Why would you try to apply again instead of just providing the proof of address? You have an application that is still alive and they've already run your credit so why let that go to waste? A lot of sole proprietors have home businesses and their home address is their business address. I'm just confused by the resistance to providing a simple proof of address.
Jun 11, 2019, 3:46 am
#993
Join Date: Apr 2015
Posts: 456
Has Chase ever offered publicly offered more than 80k for the CIP? I'm not talking about the in-branch offers, because it's damn near impossible to meet with a business relationship manager on my schedule. I'm talking about something online.
I've been wanting the CIP for a while, but kept trying to wait for a 100k.
I've been wanting the CIP for a while, but kept trying to wait for a 100k.
Jun 11, 2019, 8:06 am
#994
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
Has Chase ever offered publicly offered more than 80k for the CIP? I'm not talking about the in-branch offers, because it's damn near impossible to meet with a business relationship manager on my schedule. I'm talking about something online.
I've been wanting the CIP for a while, but kept trying to wait for a 100k.
I've been wanting the CIP for a while, but kept trying to wait for a 100k.
Then self refer (20K) and get another CIP (another 80K).
(Actually, that would be 180K but you get the idea.)
Jun 11, 2019, 8:15 am
#995
Join Date: Sep 2011
Posts: 1,857
It's certainly not worth it when all you need to do is fax a copy of a utility bill with your name and address on it to get your existing application approved. I'm also baffled by your resistance to this seemingly simple task.
Jun 11, 2019, 2:25 pm
#996
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
I recently applied for and had my application accepted for the Chase Ink Business Preferred. We own an LLC and my husband and I are each 50% owners. I applied for this card in my name but of course I had to enter his information in the section for other owners. My husband is not an authorized user.
About 1 week after I received my card, my husband got a mailer with an invite code for this same card (it has our same business info). At first I ignored the mailer thinking that he would probably not be able to get the bonus. Basically I thought that this mailer was possibly scheduled to be mailed out before I actually applied for the card. I am familiar with Citi and AMEX rules but not Chase as we were both 5/24 and thus ignored Chase cards for quite awhile. With AMEX we can't both apply for the same card with the same EIN and both get the bonus and since this makes sense to me I assumed this was probably the case with many credit cards. However, he got a second mailer with the same offer less than two weeks after the first so I'm now taking a closer look. This paper offer and application do not have any wording that would suggest that he would not be eligible for the offer. I know that with Citi that would mean he could get the bonus but I don't know if that holds true with Chase.
Is it actually possible that my husband is also eligible to get this card and the bonus offer using the same EIN that I used? I definitely do not want to have him apply if he will not get the bonus. He does not have any other Chase credit cards so I was planning to have him apply for a Chase card in the near future.
I'm sure that I can find an example of this same scenario and an answer somewhere but I've maxed out the time I can spend searching (I found this thread a little too late in my searching and reading). Any insight and advice would be greatly appreciated.
About 1 week after I received my card, my husband got a mailer with an invite code for this same card (it has our same business info). At first I ignored the mailer thinking that he would probably not be able to get the bonus. Basically I thought that this mailer was possibly scheduled to be mailed out before I actually applied for the card. I am familiar with Citi and AMEX rules but not Chase as we were both 5/24 and thus ignored Chase cards for quite awhile. With AMEX we can't both apply for the same card with the same EIN and both get the bonus and since this makes sense to me I assumed this was probably the case with many credit cards. However, he got a second mailer with the same offer less than two weeks after the first so I'm now taking a closer look. This paper offer and application do not have any wording that would suggest that he would not be eligible for the offer. I know that with Citi that would mean he could get the bonus but I don't know if that holds true with Chase.
Is it actually possible that my husband is also eligible to get this card and the bonus offer using the same EIN that I used? I definitely do not want to have him apply if he will not get the bonus. He does not have any other Chase credit cards so I was planning to have him apply for a Chase card in the near future.
I'm sure that I can find an example of this same scenario and an answer somewhere but I've maxed out the time I can spend searching (I found this thread a little too late in my searching and reading). Any insight and advice would be greatly appreciated.
Jun 11, 2019, 4:40 pm
#997
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Applied for the Ink Business Preferred card today. Got the 7-10 day notice.
Questions:
- I'm 0/30 and 4/24 with a FICO > 800, income > $150k, Chase CL $58k*, charge about $5k/mo, nothing revolving.
- I have only personal cards: CSR, CFU, and CF (no business cards). No other relationship with Chase.
- I applied as a sole proprietor, my name is the business name, I used my SS number, listed 2.5k est. annual revenue and 1 yr in biz.
Questions:
- I believe the proper strategy is NOT to call Chase and instead wait and see what happens. Correct?
- If for some reason I do call or Chase calls me, what's likely to be their beef with this application? The high CL?
Jun 11, 2019, 5:38 pm
#998
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
Jun 12, 2019, 7:10 am
#1000
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Applied for the Ink Business Preferred card today. Got the 7-10 day notice.
Questions:
- I'm 0/30 and 4/24 with a FICO > 800, income > $150k, Chase CL $58k*, charge about $5k/mo, nothing revolving.
- I have only personal cards: CSR, CFU, and CF (no business cards). No other relationship with Chase.
- I applied as a sole proprietor, my name is the business name, I used my SS number, listed 2.5k est. annual revenue and 1 yr in biz.
Questions:
- I believe the proper strategy is NOT to call Chase and instead wait and see what happens. Correct?
- If for some reason I do call or Chase calls me, what's likely to be their beef with this application? The high CL?
Turns out I'm 5/24 after all. I missed counting a card I closed last year. It was opened just within the 24 month window.
Jun 13, 2019, 12:52 am
#1001
Moderator: Travel Buzz
Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,099
Dang! That's unfortunate. Better luck with the next app.
Jun 18, 2019, 12:26 pm
#1002
Join Date: Mar 2008
Posts: 368
advice on churning this card
I had the business ink preferred card from 6/13/17 to end of July 2018. Got my points and referred my spouse and got 20k bonus points. Then I closed the account at the end of July 2018.
Can I have her refer me and I sign up using her link so she gets 20k points and i get the 80k sign up bonus?
When should I apply for the card this time around? Do I use the same business name or another business name?
I just dropped under 5/24 as of 6/1/19 so I should be good to apply for another product with chase, assuming I can churn this card.
Any advice would be appreciated. Thanks.
Can I have her refer me and I sign up using her link so she gets 20k points and i get the 80k sign up bonus?
When should I apply for the card this time around? Do I use the same business name or another business name?
I just dropped under 5/24 as of 6/1/19 so I should be good to apply for another product with chase, assuming I can churn this card.
Any advice would be appreciated. Thanks.
Last edited by kayexalate; Jun 18, 2019 at 1:55 pm
Jun 18, 2019, 1:12 pm
#1003
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Unless you have a registered business that Chase can verify you should apply using your legal First Name, Last Name as the business name, with NO other words added.
Jun 18, 2019, 1:48 pm
#1004
Join Date: Mar 2008
Posts: 368
There are several INK cards. If you are re-applying for the same card you need to wait 24 months from the time that the previous bonus posted to your UR account, not from the date the account was opened.
Unless you have a registered business that Chase can verify you should apply using your legal First Name, Last Name as the business name, with NO other words added.
Unless you have a registered business that Chase can verify you should apply using your legal First Name, Last Name as the business name, with NO other words added.
Was planning on having my spouse close her card in the next 2 months to avoid the AF. Waiting 24 months from when I got the bonus in 2017 would put me beyond that date, so she woudln't get the 20k bonus referral. Do they do a prorated AF refund?
Last edited by kayexalate; Jun 18, 2019 at 1:55 pm
Jun 18, 2019, 2:32 pm
#1005
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
No. Chase now tries to verify that you have registered this Fictitious Name with your state or county. If they cannot find it they will request documentation. Just use your legal name.
Annual fee refunds are discussed here. May be different if she downgrades rather than cancelling:
New Chase policy (Oct 2016): No Annual Fee refund >30 days after AF billed.
Annual fee refunds are discussed here. May be different if she downgrades rather than cancelling:
New Chase policy (Oct 2016): No Annual Fee refund >30 days after AF billed.