Chase Ink [Master thread]
 

I just got a letter from Chase telling me that my Chase Flexible Rewards Select Business Card has been "upgraded" to Ink Plus with Ultimate Rewards.

I'm guessing this isn't good news.

Some rewards are the same, supposedly, but all you see are checkboxes - no real details.

What I always use is the 1.5% cash back via check. I hope this remains.

They are adding PriorityPass for free, so that's something.

Has anyone gotten the real details here? My paperwork is very superficial.

Just got off the phone with someone at Chase.

As the customer service rep pointed out to me, in the fine print on the letter, it states "The $50 bonus when redeeming 10,000 points for cash back will no longer be available. Checks will now start at $50 for 5,000 points."

I didn't realize I was getting a "bonus" because that's not at all the way the website for redemptions is worded, but apparently, that's what I was getting. So it's gone.

So this card will be going from 1.5% to 1%.

Help! I need a new business card before my statement closes next month!

Points have to be redeemed before 6/30/09 to get the higher ratio. So, effectively, your statement closing date in June is your last chance to get 1.5% cash back on this card.

Chase is calling their new business card "Ink?" Yikes!

Here is a thread with some general "maximize" info across personal and business cards:

http://www.flyertalk.com/forum/other...-earnings.html

If you specifically want a business card, and only one, there aren't many great cash options out there. There are category accelerators, like Citi's AT&T business card (5X and 3X by category, 1X all other) and discount accelerators, like AX Open cards (and cash acceleration on SimplyCash). An AX SimplyCash may get you closest, but depending on your vendor mix, you may have acceptance issues.

Good luck and let us know if you switch, and to which product!

My business charges are all over the map, and I'm pretty sure no category would really work for me.

I don't need a business card per se, but I'd like it to be backed up by my business, not by me personally. Is there any way to do that?

I called Schwab: personal cards only.

If you want a card backed solely by the business and without personal liability, it must be a "corporate guarantee" account - not "joint and several." Few banks issue these in the small business segment. You will need to ask for it specifically and, if the issuer will take an application, they will require business financial statements, etc. If your business has solid cashflow and has been established for a while, it is possible that you can get this type of account. But keep in mind that the line may not be as high as an account with joint liability.

That's the kind of card I have now, and I had another (MBNA at the time) before this. Frankly, I don't even mind backing it up personally, I guess.

What I really want here is great cash back. I think I might need to get another Schwab for my wife, get an additional card for me, and then use that as our personal card and use my current Schwab card as the business card since it has a decent credit limit.

Just spoke to four people at CapitolOne about potentially getting a card from them. Four!

None knew how their rewards program would potentially work - even the rewards desk - without me already having an account.

No one could tell me what cashback ratio I'd get until the account was open.

People really apply for these accounts having no idea what they'll get as rewards?

It seems from their website that they only have 1 cashback card for small business and that it gives 1.25% Cashback. Is there something I'm missing here?

http://www.capitalone.com/smallbusiness/cards/

The "double no hassle miles" card says: Redeem miles for travel, cash back, merchandise and more. So, given double miles, I wanted to know how many of those miles it takes to get each dollar of cash back. Didn't seem like an unreasonable request to me.

The double no hassle miles card that you can currently apply for on their website gives .5 cents per mile, so effectively 1% Cashback. If you want Cash it is better to go with the straight 1.25% Cashback card.

OK - thanks for the clarity here.

I'll find something better somewhere. 1% or even 1.25% seems pretty small - Amex Membership Rewards points would be more valuable to me. I'll either do that or a Schwab card.

Chase Ink
 

Chase is launching a series of VISA business cards, including Ink Bold a charge card linked to Ultimate Rewards. Chase asserts that this is the first pay-in-full charge card from any Mastercard or VISA issuer, but this is inaccurate. Citi's Diners Club Mastercard is a charge card.

Article here...

http://www.reuters.com/article/funds...36445620090923

Press release here...

http://www.earthtimes.org/articles/s...o,970964.shtml

Website here...

http://www.inkfromchase.com/

Diners was first, but is moving over the the Discover brand next week.

http://www.flyertalk.com/forum/diner...1-october.html

Interesting.

Their their point boosts are at 25K, 50k and 100K in spend (varies by ink product).

They are also using the "Blueprint" feature on the other ink cards.

They are going after Amex's T+E market in a big way.

This does not affect the Diners Club Mastercards issued by Citi in the USA and Canada. The change is for visitors to North America whose Diners Club cards are issued elsewhere.

Given that Citi has stopped issuing Diners cards, its probably only a matter of time.

Back on topic, is anyone going to test the waters?

Not until I can find a substantial signup bonus. At this stage it appears Chase is backloading the bonuses and offering the points as spend threshold bonuses. I want both ;) .

Also, I overlooked a thread about this card from May...

http://www.flyertalk.com/forum/other...-ink-plus.html

Chase Ink Card Question
 

I've looked at the Ink from Chase and was wondering.... Is this a Visa or MasterCard or Neither?

If it's not a Visa or MasterCard, could someone explain what it is and how it works (from a branding standpoint and where it can be used). For example, can it be used places that take Amex or only a place that accepts Visa, MasterCard, or both?

They will issue it a a Visa usually, but it is available as a Mastercard too just like most of the Chase cards.

VISA
 

Start here...

http://www.inkcardfromchase.com/ink?CELL=6J1L

Click Cash Flow Management with Global Acceptance


Also disclosed in the Pricing & Terms portion of the application:

By becoming a Visa Business Card cardmember, you agree that the card is being used only for business purposes and that the card is being issued to a public or private company including a sole proprietor or employees or contractors of an organization.

https://www.firstusa.com/cgi-bin/web..._type=appterms

Yea, mia, Ink Bold offers in addition to the typical 1% you find for most cash back cards, Ink Bold offers tiered bonuses when you hit certain spend levels:

7,500 bonus points when you spend $25,000
15,000 more bonus points when you spend another $25,000
25,000 more bonus points when you spend another $50,000

This has got to be the most dissapointing card out there

Reasons?

Got a preapproved offer for 25000 miles for Ink, with Ultimate rewards. Is that currently a good offer for Ink? Correct me if I'm wrong, but these miles don't transfer into CO miles, only the Bold does.

Crap card do not apply for it!!!
 

This card is a waste of time. I must have not understood the intiial conditions. You get crap shae point, NOT MILES. So 10,000 CHASE CRAP points gets you $100. THen if you spend $5000 in 93 days you get 15,000 mroe CHASE CRAP points thus an additional $150.

IT DOES NOT TRANSFER INTO MIELS ON ANY AIRLINE!

I called to reject once I figured this out. My bad.

I think you are getting confused here ... there is a difference between BOLD and ordinary INK.... As long as you are in Ultimate rewards program you can transfer 1:1 to CO, BA, Amtrak. the credit lines are a bit low ... got a MC ... when asked for a Visa Sig one.

You also get extra points for Home Improvement Gas, Eating out and even Groceries, I picked up $450 the other day and they gave me a $12.00 Starbucks card, so not a bad deal. Lowes is my store, have rentals.

3% on Gift Cards w/ Chase rewards +
 

I have a Chase Ink Cash. I just discovered that I can buy Home Depot, Lowes gift cards through the Chase Rewards Plus mall and get 3points per $. I am in the construction business so I can really add up the points. I burn through the 3% cash back monthly 1500 limit in the first week of each month. There are also other partners that let you buy Gift Cards.

Earn 3 points per dollar 1

The world's largest home improvement specialty retailer and the second largest retailer in the United States.
By shopping online through Chase Rewards Plus you are acknowledging you have read and agree to the program terms and conditions.
NOTE: Not eligible on Installation Services and on purchases made with third-party partners where the customer is leaving the homedepot.com web site.
******Eligible on the purchase of gift cards. Not eligible on purchases made to buy a gift card using a gift card.*********:D

Moderator request
 

When posting in this thread please mention the full name of the card that you use or ask about: Ink, Ink Bold, Ink Plus, Ink Cash.

For example, 3% cash back at gas stations, restaurants, and office supply, hardware and home improvement stores is a standard feature of Ink Cash, and I cannot determine if the previous posters are reporting that the two extra points per dollar also applies to one of the other three cards.

http://www.inkfromchase.com/cards/compare/

It appears Chase has more than one reward card, Bold, INK, they did change many of us have had these cards for a long time.

I have several properties, and Lowe's exculpates the points with the 3%,

One good thing is you can use the money for the cheapest air far available, not like some other cards.

CC are to be used not abused, always looking for the best deal..that is what we are here for, to be informed.

What is so great about BOLD, just asking, and always looking...

Ink Bold is a charge card, Ink Plus is a credit card. These two cards participate in the premium version of Ultimate Rewards which includes the ability to transfer points to airline miles (CO, BA) or hotel points. If redeemed for otherwise expensive air tickets (such as international business or first class) miles are worth more than $0.02 each, effectively doubling the rewards on all spending compared to standard Ink. This probably adds little incremental value if miles would be redeemed for domestic economy class travel.

Ink Bold also offers deeper benefits than any of the other Ink cards, see the comparison chart linked in my previous post.


I doubt this is the word you meant to use: To clear of guilt or blame.

Consumer World slams Ink Card
 

Since I have been getting many solicitations for the Ink card from Chase I was interested to see this assessment of the product in the Mouse Print section of consumerworld.com for March 7, 2011.

http://www.mouseprint.org/

"So, the real deal is that you only get 3% back in selected categories (gas, hardware, home improvement, dining, and office supply stores). Otherwise, this is really just a 1% card. And they seem to exclude superstores, discount stores, and warehouse clubs. Hmm, isn’t Home Depot a superstore or discount home improvement store?

And as to the claim that you get “unlimited cash back”, in fact they will limit your extra cash back in the 3% categories to just an extra $40 a month.

So what appeared to be a credit card offering a flat 3% back with no cash back limits, is nothing of the sort."

There is lots more at the link.

Thanks you, I did not know about the limit per month. reading a little closer will keep us from many errors,

Thanks again,

Chase improves Ink small biz card benefits
 

Just saw this press release from Chase come across the newswires and wanted to pass it along.

-----------------------

Today, Ink from Chase, the business card portfolio from Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM), unveiled a new rewards program and enhancements to the Ink^SM Classic and the Ink Cash^SM cards. The rewards program offers new customers rapid accumulation of cash or points customized for the small business owner, featuring five points or five percent cash back per dollar spent on office supplies, telecommunication services and cable services. The new features will be available for existing customers in the near future.

With Ink Classic, the new points program will allow customers to earn points even more quickly:

* Five points per dollar spent on the first $25,000 in annual spend on
office supplies, telecommunication services and cable services. Cable
services include bundled services such as combined television, internet,
phone and wireless service.
* Two points per dollar spent on the first $25,000 in annual spend on fuel
and lodging.
* One point per dollar spent on all other card purchases, with no limits.

In addition to the product features and new point accrual platform, the Ink Classic card will also offer complimentary access to over 600 airport lounges in more than 100 countries for one year for two members.

With Ink Cash, the new program will allow customers to earn cash back as
follows:

* Five percent cash back on the first $25,000 in spend annually on office
supplies, telecommunication services and cable services. Cable services
include bundled services such as combined television, internet, phone and
wireless service.
* Two percent cash back on the first $25,000 in spend annually on fuel and
dining.
* One percent cash back on all other card purchases, with no limits.

The Ink Cash card will allow customers to easily redeem for cash back, gift cards and more on Ultimate Rewards^SM.

Originally launched in September 2009, the Ink Classic and Ink Cash cards are accepted worldwide and offer numerous additional benefits, including:

* No expiration date on accrued points or cash
* No annual fee or over-limit fees
* Free employee cards
* Built-in security features
* Unlimited 24/7 access to a team of business card specialists to handle
service inquiries

Wow these new features + a good sign-up bonus would be great. 5x points on my FiOS would be great

I suppose "Ink Classic" is the card called "Ink" on this page?

http://www9.chasecreditcards.com/Inkbiz

The improvements do not appear to apply to "Ink Bold" or "Ink Plus" cards.

I currently have the Ink Cash. Couple of comments:

1. Cash back bonus for dining is being decreased from 3% presently to 2% under the new terms in OP.

2. It seems from reading OP that they will bring Ink Cash to Ultimate Rewards, which will be awesome because if you have a Chase Sapphire Preferred you could potentially consolidate the UR points and then transfer them all to Continental/Hilton/Marriott/PriorityClub/etc. Ink Cash right now does not participate in Ultimate Rewards.

I am giving serious thought whether I should cancel Sapphire Preferred when the annual fee is due (like I planned) or not.

I had originally planned on canceling my Chase Sapphire Preferred Card as well but the new improvements were more than enough to convince me to keep it.

(Targeted) Chase Ink Business - 25K points after first purchase - NO fees
 

Hello,

I just received an offer from Chase Ink business card.

- 25000 points after first purchase
- No annual fees
- 5 points on first $25K on common business purchases - office supplies and equipments
- 2 points on fuel and lodging
- 1 point on all other purchase
- No blackout dates through Ultimate Rewards, and free one year Priority Pass Membership to access over 600 airport lounges around the world.
- 0% APR on purchases and balance transfers for 12 months.

Any opinions? Thanks.

25K seems to be a standard offer w/fee waived 1st year. See https://www.chase.com/online/busines...s/ink-bold.htm