Jan 3, 2021, 2:26 pm
Last edit by: mia
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Moderator caution: Referral offers -or- links are NOT permitted in any thread in the Chase forum. Instead, see: Credit card referral offers (post only in this thread, read Wikipost first Please do not post ANY application links in the Wikipost or thread, even if you think they are not referral links. If you think there is an extraordinary circumstance where the link is difficult to find elsewhere, consult with a moderator before posting.
What's the best current offer for the Chase INK Preferred?
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 and ymmv.
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
- 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/inkpreferred2
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
Moderator caution: Referral offers -or- links are NOT permitted in any thread in the Chase forum. Instead, see: Credit card referral offers (post only in this thread, read Wikipost first Please do not post ANY application links in the Wikipost or thread, even if you think they are not referral links. If you think there is an extraordinary circumstance where the link is difficult to find elsewhere, consult with a moderator before posting.
What's the best current offer for the Chase INK Preferred?
- 100,000 Bonus Points after you spend $15,000 on purchases in the first 3 months from account opening.
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 and ymmv.
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
- 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/inkpreferred2
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
Chase INK Business Preferred (100k for $8k in 90 days)
Mar 25, 2022, 8:22 am
#46
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
May 22, 2022, 5:18 am
#48
Join Date: Jul 2010
Location: PHL
Programs: Hyatt Globalist, Hilton Diamond, AA Gold, FB Gold, ITA Volare Executive
Posts: 3,294
Myself (P1) opened this card (for the 2nd time–first time was a couple years ago and I product changed to no fee ink card). my AF is due in a month. P2 opened this card earlier this year (also her 2nd one–first time also a couple years ago and product changed). we’re sitting on a good stash of UR points (some in mine, some in hers with ability to move back and forth). Is it worth it for me to renew my card and pay the AF? I have no other premier cards in order to redeem my UR as miles if I downgrade this card. Of course I can just move my points to P2 account and have her redeem my UR putting it into her mileage accounts or I can open myself an AU account under her current Ink so I can redeem UR points under my mileage accounts. She will be in the same situation next Jan 2023 when her AF is due. obviously we’ll need to keep one premiere account open to redeem miles somehow.
BTW, what do you do when you churn these cards and keep downgrading to the NF Ink cards? I already have several “duplicate” Ink NF Business cards that are redundant. just keep them open? Keep one of each class of Ink card open and close the duplicates?
Just not sure if closing my account then opening an AU account under my wifes biz ink (which I presume doesn’t count toward 5/24 since it’s business) would set off some flags with chase as gaming the system. Not sure if it’s better to just take the $95 hit to keep the card open. I’m just finishing up doing my Chase Aeroplan and will likely need to renew that card next year with another $95 AF because I’m not sure I can use up those certs within the next year before the AF hits. Would like to limit the AF's on my cards, but finding it hard ot utilize my points as quickly as I accrue them
BTW, what do you do when you churn these cards and keep downgrading to the NF Ink cards? I already have several “duplicate” Ink NF Business cards that are redundant. just keep them open? Keep one of each class of Ink card open and close the duplicates?
Just not sure if closing my account then opening an AU account under my wifes biz ink (which I presume doesn’t count toward 5/24 since it’s business) would set off some flags with chase as gaming the system. Not sure if it’s better to just take the $95 hit to keep the card open. I’m just finishing up doing my Chase Aeroplan and will likely need to renew that card next year with another $95 AF because I’m not sure I can use up those certs within the next year before the AF hits. Would like to limit the AF's on my cards, but finding it hard ot utilize my points as quickly as I accrue them
- She has had this Business Preferred card for a number of years
- A few months ago, got the Business Unlimited
- She is under 5/24 and I want her to get the Business Cash at some point in the not too distant future.
- All her UR points transfer over to my Business Preferred account, and from there to Hyatt
- Just cancel it?
- Downgrade it to:
- Business Cash? Makes no sense (I think) if she plans to apply for that in the next few months.
- Business Unlimited? But this would make the second Business Unlimited in less than 4 months (application + downgrade)
All advice welcome! TIA.
May 23, 2022, 8:53 am
#49
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
My advice is to close the Preferred card now and reapply after 30 days. Apply for the Cash card 90 to 180 days later, and perhaps after lowering your business credit limit somewhat. Good luck.
Jun 20, 2022, 9:02 am
#50
Join Date: Dec 2003
Programs: AA Plat Pro, United Silver, Marriott LTT, Hyatt Globalist, Hilton Diamond, IHG Platinum
Posts: 1,120
Just got approved for this card with a $5k limit. How can I reach the $15k required spend in 90 days? Do Chase business cards allow mid-month payments to make the credit available again?
Jun 20, 2022, 2:55 pm
#51
Join Date: Oct 2016
Location: SBA
Programs: UA Gold 1MM, Marriott Gold, IHG Plat, Hertz PC
Posts: 941
Yes. You can pay at any time. I have a United Business card, and generally pay it every 5 days or so.
Jun 21, 2022, 7:31 am
#52
Join Date: Dec 2003
Programs: AA Plat Pro, United Silver, Marriott LTT, Hyatt Globalist, Hilton Diamond, IHG Platinum
Posts: 1,120
Jun 21, 2022, 7:42 am
#53
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Jun 21, 2022, 9:06 am
#54
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold (BIS), AA LT Plat (CC SUBs & BD), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 3,290
Not an expert and have not recently stayed at a Holiday Inn Express but is “pay it (credit card) every 5 days or so” (probably being well outside the norm) considered risky or attention getting behavior?
I’ve asked once or twice about paying personal cards in full once a month a day or 2 prior to statement date (so as to generate a zero balance statement mainly for credit bureau reporting) and Chase and AmEx representatives told me it’s not considered unusual behavior.
I’ve asked once or twice about paying personal cards in full once a month a day or 2 prior to statement date (so as to generate a zero balance statement mainly for credit bureau reporting) and Chase and AmEx representatives told me it’s not considered unusual behavior.
Jun 21, 2022, 11:01 am
#55
Join Date: Mar 2008
Posts: 368
Myself (P1) opened this card (for the 2nd time–first time was a couple years ago and I product changed to no fee ink card). my AF is due in a month. P2 opened this card earlier this year (also her 2nd one–first time also a couple years ago and product changed). we’re sitting on a good stash of UR points (some in mine, some in hers with ability to move back and forth). Is it worth it for me to renew my card and pay the AF? I have no other premier cards in order to redeem my UR as miles if I downgrade this card. Of course I can just move my points to P2 account and have her redeem my UR putting it into her mileage accounts or I can open myself an AU account under her current Ink so I can redeem UR points under my mileage accounts. She will be in the same situation next Jan 2023 when her AF is due. obviously we’ll need to keep one premiere account open to redeem miles somehow.
BTW, what do you do when you churn these cards and keep downgrading to the NF Ink cards? I already have several “duplicate” Ink NF Business cards that are redundant. just keep them open? Keep one of each class of Ink card open and close the duplicates?
Just not sure if closing my account then opening an AU account under my wifes biz ink (which I presume doesn’t count toward 5/24 since it’s business) would set off some flags with chase as gaming the system. Not sure if it’s better to just take the $95 hit to keep the card open. I’m just finishing up doing my Chase Aeroplan and will likely need to renew that card next year with another $95 AF because I’m not sure I can use up those certs within the next year before the AF hits. Would like to limit the AF's on my cards, but finding it hard ot utilize my points as quickly as I accrue them
BTW, what do you do when you churn these cards and keep downgrading to the NF Ink cards? I already have several “duplicate” Ink NF Business cards that are redundant. just keep them open? Keep one of each class of Ink card open and close the duplicates?
Just not sure if closing my account then opening an AU account under my wifes biz ink (which I presume doesn’t count toward 5/24 since it’s business) would set off some flags with chase as gaming the system. Not sure if it’s better to just take the $95 hit to keep the card open. I’m just finishing up doing my Chase Aeroplan and will likely need to renew that card next year with another $95 AF because I’m not sure I can use up those certs within the next year before the AF hits. Would like to limit the AF's on my cards, but finding it hard ot utilize my points as quickly as I accrue them
Also does an AU account (for a business card) count toward 5/24 or show up on credit reports? I have some Chase cards lined up that I'm going to apply for in a couple months (still working on SUB for some other cards) and wanted to know if applying as an AU under my wife's Ink Business Preferred will impact my application because it's either a hard pull or counts toward 5/24.
Thanks in advance for any advice.
Jun 21, 2022, 1:27 pm
#56
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
On a Business card you would receive an "Employee" card rather than an "Authorized User" card. Employee cards are invisible. There is no inquiry because the issuer is not extending credit to you, and the card will not appear on your personal credit reports.
Jun 21, 2022, 3:18 pm
#57
Join Date: Mar 2008
Posts: 368
Thats good to know. I was always under the assumption that AU/Employee cards do count toward 5/24 but you can call the Chase reconsideration line to have them removed/marked as AU/Employee cards. I'd rather not deal with that hassle. May I ask if you have DP's to back up that Employee cards are "invisible?" I tried searching online, but could not find any information--they all just refer to AU cards, not employee cards
Jun 21, 2022, 4:15 pm
#58
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Thats good to know. I was always under the assumption that AU/Employee cards do count toward 5/24 but you can call the Chase reconsideration line to have them removed/marked as AU/Employee cards. I'd rather not deal with that hassle. May I ask if you have DP's to back up that Employee cards are "invisible?" I tried searching online, but could not find any information--they all just refer to AU cards, not employee cards
Jun 21, 2022, 7:28 pm
#59
Join Date: Mar 2008
Posts: 368
Will being an AU on P2's biz account allow me to transfer her UR points to MY airline Frequent Flier accounts? That is the hang up. I have a good stash of UR points and if I cancel/product change my Ink Biz preferred, I have no other premium cards that allow transfer to airlines.
Of course I can transfer my points to P2 (since our accounts are linked) but then she can only transfer those points to HER Frequent Flier accounts.
Just want to make sure if P2 adds me as an AU under her business card account, I can link that account to MY frequent flier accounts with United, Southwest, etc.