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)
Feb 14, 2018, 9:29 pm
#541
Join Date: Sep 2017
Posts: 332
Question for the Ink Cashback card. When you are entitled to the $300 cashback signup bonus , after meeting the spending requirements, Can you just get that as 3000 points?
Feb 15, 2018, 1:39 am
#543
Join Date: Aug 2010
Posts: 124
If you're quite set on the Ink Cash (as opposed to the more lucrative Ink Preferred with its 80-100k Ultimate Rewards), I'd at least call up a local branch to apply with a Business Relationship Manager (BRM). The BRM can help you with the CIC with the higher 50k offer -- two family members opened the CIC this past November and December, and both earned 50k via this BRM route.
Feb 15, 2018, 2:41 am
#544
Join Date: Sep 2017
Posts: 332
If you're quite set on the Ink Cash (as opposed to the more lucrative Ink Preferred with its 80-100k Ultimate Rewards), I'd at least call up a local branch to apply with a Business Relationship Manager (BRM). The BRM can help you with the CIC with the higher 50k offer -- two family members opened the CIC this past November and December, and both earned 50k via this BRM route.
Feb 15, 2018, 7:32 am
#545
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
All INK cards earn Ultimate Rewards points. All UR points can be redeemed for cash, although that is not the best use. INK Cash is simply a marketing ploy by Chase to position the card to compete with cash back cards from other issuers.
Feb 17, 2018, 2:57 pm
#546
Join Date: Feb 2005
Location: Long Island, NY
Programs: AA Lifetime Platinum 3mm, Starwood Gold
Posts: 227
Using for personal purchases
You definitely can use for anything. The only issue is, would it still earn 3x on the cruise which is a Travel item?
Planning to use my new CIP for the shipboard account on the holiday cruise. I hope it will still trigger 3x like the CSR even though cruise is not specifically mentioned in the CIP Travel category. However the FAQ seems to indicate Travel is defined the same way as CSR ... will report back if I earn it or forfeit the points which would be a guarantee if using CSR.
Planning to use my new CIP for the shipboard account on the holiday cruise. I hope it will still trigger 3x like the CSR even though cruise is not specifically mentioned in the CIP Travel category. However the FAQ seems to indicate Travel is defined the same way as CSR ... will report back if I earn it or forfeit the points which would be a guarantee if using CSR.
Feb 17, 2018, 3:04 pm
#547
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Correct, Card issuers want us to use "business" cards because many consumer protection regulations do not apply. Simply marketing a card as a "business" product may not be enough to exempt it from those regulations, and they go the extra step of cautioning us to only use for business. It's largely a charade for the benefit of their regulators. HOWEVER, they could point to this if they were looking for a reason to justify closing an account, so spend wisely.
Feb 22, 2018, 11:25 am
#548
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,073
will be < 5/24 next month; suggestions for instant approval
I'll drop under 5/24 at the end of March and will probably apply for Ink Business Preferred. I currently have the Marriott Bus. and Ink Cash Bus. cards (plus the CSR and IHG cards).
The last business card I applied for (Marriott) I went through a grilling by the recon CSR and eventually was approved. My business has been in existence since 1992. It's a small business (less than $5K a yr income) now that I've retired. Long credit history & high FICO score.
For this next app I'm prepared to go though the 100 questions ordeal again if I have to. Any suggestions for getting an instant approval?
PS I do have another small business (commercial property) that I started 2+ yrs ago but it has not turned a profit yet. I'm hesitant to apply using this business.
The last business card I applied for (Marriott) I went through a grilling by the recon CSR and eventually was approved. My business has been in existence since 1992. It's a small business (less than $5K a yr income) now that I've retired. Long credit history & high FICO score.
For this next app I'm prepared to go though the 100 questions ordeal again if I have to. Any suggestions for getting an instant approval?
PS I do have another small business (commercial property) that I started 2+ yrs ago but it has not turned a profit yet. I'm hesitant to apply using this business.
Feb 23, 2018, 1:24 am
#549
Join Date: Aug 2010
Posts: 124
I'll drop under 5/24 at the end of March and will probably apply for Ink Business Preferred. I currently have the Marriott Bus. and Ink Cash Bus. cards (plus the CSR and IHG cards).
The last business card I applied for (Marriott) I went through a grilling by the recon CSR and eventually was approved. My business has been in existence since 1992. It's a small business (less than $5K a yr income) now that I've retired. Long credit history & high FICO score.
For this next app I'm prepared to go though the 100 questions ordeal again if I have to. Any suggestions for getting an instant approval?
PS I do have another small business (commercial property) that I started 2+ yrs ago but it has not turned a profit yet. I'm hesitant to apply using this business.
The last business card I applied for (Marriott) I went through a grilling by the recon CSR and eventually was approved. My business has been in existence since 1992. It's a small business (less than $5K a yr income) now that I've retired. Long credit history & high FICO score.
For this next app I'm prepared to go though the 100 questions ordeal again if I have to. Any suggestions for getting an instant approval?
PS I do have another small business (commercial property) that I started 2+ yrs ago but it has not turned a profit yet. I'm hesitant to apply using this business.
Otherwise, can apply with a Business Relationship Manager, who can submit and guide the application through on your behalf, as well as qualify you for the 100k UR offer rather than the standard 80k -- of the ~seven CIP applications I've helped family/friends with, the apps using the BRM have been the easiest.
Feb 23, 2018, 6:09 am
#550
Join Date: Sep 2011
Posts: 1,857
This is why it's generally recommended to NOT call Chase recon for a business card app (unless it's already been declined). You can often do more harm than good during the "grilling" process. Accept the fact that instant approvals are almost non-existent for this card and let it run through the 2-3 week process without intervening.
Feb 23, 2018, 10:25 am
#551
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,073
It's very, very uncommon to be instantly approved for the CIP. I'd imagine it goes pending in a good 80%+ of the time. As you do have 4+ existing Chase accounts, could consider pre-emptively lowering the CL on a few of those to make room for the CIP. Hold off on applying for a month for those new CLs to be reflected in the credit databases.
Otherwise, can apply with a Business Relationship Manager, who can submit and guide the application through on your behalf, as well as qualify you for the 100k UR offer rather than the standard 80k -- of the ~seven CIP applications I've helped family/friends with, the apps using the BRM have been the easiest.
Otherwise, can apply with a Business Relationship Manager, who can submit and guide the application through on your behalf, as well as qualify you for the 100k UR offer rather than the standard 80k -- of the ~seven CIP applications I've helped family/friends with, the apps using the BRM have been the easiest.
This is why it's generally recommended to NOT call Chase recon for a business card app (unless it's already been declined). You can often do more harm than good during the "grilling" process. Accept the fact that instant approvals are almost non-existent for this card and let it run through the 2-3 week process without intervening.
Feb 23, 2018, 10:58 am
#552
Join Date: Sep 2011
Posts: 1,857
Call your branch first to make an appointment. The chance of a BRM physically at your branch at the time of your visit AND available to meet with you is pretty slim. Good Luck!
Feb 23, 2018, 11:03 am
#553
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,073
When they do a paper app. I'm guessing they fax it in rather than mail it? How long for an answer, approx.?
Feb 23, 2018, 11:39 am
#554
Join Date: Sep 2011
Posts: 1,857
Paper apps are only necessary if you're over 5/24. Otherwise they have a way to do it online and get you 100k. That said, the paper app takes a few days after it's faxed before anyone even looks at it. After that, it's no different than usual.
Feb 23, 2018, 11:50 am
#555
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,073