Chase Ink Business Preferred

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Old Oct 24, 18, 7:20 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
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Old Oct 19, 16, 9:38 am
  #1  
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Chase Ink Business Preferred

Sorry no link, saw it on the terminal. Per Bloomberg, it's coming out later this year with 80,000 and 3x on travel first 150k.
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Old Oct 19, 16, 10:06 am
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http://www.bloomberg.com/news/articl...-business-card

Business owners earn 3 points a dollar for the first $150,000 spent on travel, telecommunications, shipping and advertising on social-media and search engines.
No 5x at office supply stores.

Last edited by Troopers; Oct 19, 16 at 10:12 am
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Old Oct 19, 16, 10:15 am
  #3  
mia
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Business owners earn 3 points a dollar for the first $150,000 spent on travel, telecommunications, shipping and advertising on social-media and search engines. Purchases after that limit or in other categories earn 1 point per dollar.
Three points points per dollar ties in with this...

http://www.flyertalk.com/forum/chase...gories-3x.html

...and notably absent is the valuable Office Supplies category which is the gateway to category shifting via gift cards.

The Chase Ink Business Preferred card’s signing bonus kicks in after users spend $5,000 within the first three months, said Codispoti, who spent almost 12 years at American Express before joining JPMorgan in 2014. The $95 annual fee is waived for the first year.
It seems odd that the annual fee is the same as INK Plus.

Last edited by mia; Oct 19, 16 at 10:26 am
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Old Oct 19, 16, 12:00 pm
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terrible , just terrible.
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Old Oct 19, 16, 12:03 pm
  #5  
mia
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Originally Posted by rufflesinc View Post
terrible , just terrible.
Because...?
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Old Oct 19, 16, 12:21 pm
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Looks like TPG has additional info here:

http://thepointsguy.com/2016/10/chas...referred-card/
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Old Oct 19, 16, 12:23 pm
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Originally Posted by mia View Post
Because...?
3<5
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Old Oct 19, 16, 12:27 pm
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Originally Posted by rufflesinc View Post
3<5
That's apples to oranges. The 3x and 5x points offered aren't for the same categories.

Where they are the same, 3x is an improvement, as it's not just hotels (Ink Plus) or restaurants (Ink Cash). Additionally, the limits are much higher, moving from 50k for Ink Plus to 150k on Ink Preferred.

The comparison for office supplies is much worse for Ink Preferred, since there's no category noted for it, i.e. 1x. But that isn't the whole story, obviously.
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Old Oct 19, 16, 12:40 pm
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Current Ink cards are very good, 5x! sapphire reserve also has 3x on travel. So what is left? ads, good for your blogger, who else? 3x is terrible. cards every where give 3x.
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Old Oct 19, 16, 12:43 pm
  #10  
mia
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The new card’s $150,000 limit for triple points means higher potential rewards than JPMorgan’s existing small business cards, Ink Plus and Ink Cash, as well as competitor offerings including the AmEx Business Gold Rewards charge card. That comes with a 25,000 point signing bonus and triple points in one of five categories on the first $100,000 in purchases.
The Bloomberg comparison with American Express Business Gold Rewards is inaccurate.

The public offer for American Express Business Rewards Gold is 50,000 points.

The American Express rewards are capped at $100,000 spend in each category.

With your Business Gold Rewards Card from American Express, you get at least one Membership Rewards® point for each dollar you spend on your Card for eligible purchases. For the first $100,000 in eligible spending in each calendar year in each of the five categories specified below, you can get additional points, as follows: you can get: (1) 2 additional points (for a total of 3 points) in one category of your choice from the five categories specified below; and (2) 1 additional point (for a total of 2 points) in the remaining four categories. The five categories are: (1) airfare on a scheduled flight charged directly with passenger airlines (charter flights and private jet flights are excluded); (2) advertising purchased in the U.S. to promote your business online, on television, or on the radio; (3) gasoline at gas stations located in the U.S. (superstores, supermarkets and warehouse clubs that sell gasoline are not considered gas stations); (4) shipping services purchased in the U.S. for courier, postal, and freight; and (5) computer hardware, software, and cloud computing purchases in the U.S. made directly from select providers. (The current list of select computer hardware, software, and cloud computing providers is available at: americanexpress.com/rewards-info.) Eligible purchases in excess of $100,000 in the applicable category in a calendar year will receive only one point for each dollar spent on eligible purchases.
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Old Oct 19, 16, 1:14 pm
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Hmm, 3x on internet advertising...
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Old Oct 19, 16, 1:29 pm
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Originally Posted by rufflesinc View Post
Current Ink cards are very good, 5x! sapphire reserve also has 3x on travel. So what is left? ads, good for your blogger, who else? 3x is terrible. cards every where give 3x.
Ads are good for anyone that uses Facebook, Adwords, or any other Internet-based advertising. It's disingenuous to assume it's just bloggers.

The travel at 3x does match other cards, but it's still an improvement over the Ink Plus and Ink Cash. Putting your statement in bold doesn't change that.
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Old Oct 19, 16, 1:35 pm
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The cell phone coverage ($600) is a nice benefit.
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Old Oct 19, 16, 2:16 pm
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Originally Posted by roundtree View Post
Ads are good for anyone that uses Facebook, Adwords, or any other Internet-based advertising. It's disingenuous to assume it's just bloggers.

The travel at 3x does match other cards, but it's still an improvement over the Ink Plus and Ink Cash. Putting your statement in bold doesn't change that.
You're right people will use the other categories, but office stores was a huge spend for many especially in the realm of prepaid cards. With half of the benefits just overlapping with CSR, there will be very little reason to hold onto the card other than to just churn the reward and PC.
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Old Oct 19, 16, 2:33 pm
  #15  
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Originally Posted by dmo580 View Post
... very little reason to hold onto the card other than to just churn the reward and PC.
Unless you actually own a business with employees and expenses etc.
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