This is the most valuable public sign-up bonus we’ve ever seen for a Chase small business credit card. Qualify for the Chase Ink Business Preferred Signup Bonus. PixelsEffect / GettyImages. I was getting to close to the end of the three-month period, so … Other cards seem less strict. Use your Ink Business Preferred Credit Card to earn 3X points on travel including airfare, hotels, rental cars, train tickets and taxis; shipping purchases; advertising purchases made with social media sites and search engines, and internet, cable and phone services. In fact, The Points Guy himself just … The Ink Preferred has received many similar accolades but if you have not yet utilized the referral program, you are leaving free bonus points on the table. Chase Sapphire 48-Month Rule. Chase Ink Business Preferred Bonus 80,0000 Chase Ultimate Rewards Points: The 80,000 signup bonus of Chase’s valuable Ultimate Rewards points is one of the best offers out there, and this card gets 3 points per dollar on the first $150,000 spent on travel, shipping, social media advertising and internet / cable / phone services, making it one of the best cards out there for Business Owners. I also applied for a CIP after moving to a new address. 4/24 on personal cards, 800+ credit score. I survived the dreaded Chase Business Verification call. While you can't transfer between personal and business credit lines, they are considered in total for the amount of credit Chase is willing to extend to you. Ink Preferred (IP) is #1. calling 8004323117 has simply told me that I will receive notification in 30 days, calling 8883382586 gives a message confirming the date that Chase received my app (which helps to know they're working in it), pressing 0 on either line let's you speak to someone to verify the application is processing but not actually recon. Chase Ink Cash has 5x Office Supply, and 2x gas year round. Recently, a Forbes article comparing the top business credit cards ranked the Chase Ink Preferred as the “Best Overall Business Card”. I recently signed up for the Chase Ink Business Preferred, where I would be able to earn 80,000 points after meeting the minimum spending requirements of $5,000 in the first three months. 100,000 UR is now only available if you refer yourself. Here are ALL of the questions they asked. These are the best publicly available offers (terms apply) that we have found for each product or service. Dumb question, but does this mean you have to meet the minimum spending requirements on BOTH cards? You'll use your SSN as your EIN on the application. What do I need to know for reconsideration? What is your expected revenue, expenses, profits for the next year? That’s worth $1,000 in cash back or $1,250 in travel if you book through the Chase … As previously reported, the new offer is $200 after spending $500, plus 5% back on your groceries during the first year (up to $12,000 in grocery spend). Chase Ink Cash has 5x Office Supply, and 2x gas year round. The average credit limit on this card is $10,000, and about 10% of cardholders report a credit limit that exceeds $20,000. Other cards seem less strict. I know applying to our first 'business' card can be a very anxious time. Both of these are rough guidelines, and don't apply to everyone. Chase Ink Preferred has the largest current bonus at 80,000 UR for $5000 spend. The card … Reports indicate that as of February 26, 2019, Chase INK Preferred is no longer coding to earn 3x points on certain places which used to work. Email. Based on this is see the text of the guide is the preferred course of action at least for someone new. Ink Business Preferred℠ Credit Card Review 2020.6 Update: The 80k offer is expired. The new signup bonus offer on the Chase Freedom and Freedom Unlimited cards is now available via referral links. Chase currently has three Chase Ink cards: the Ink Business Preferred, Ink Business Cash and Ink Business Unlimited. Press J to jump to the feed. I had basically an identical DP in the thread, but will reply here for visibility. Annual fee: $95 Rewards: Earn 3x points on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and … Chase Mariott Business: 01/25/18 Approved Chase Ink Business Preferred: 03/23/18 Approved Chase Ink Business Cash: 05/06/18 Approved Chase Sapphire Preferred: 05/23/18 Grilled by Lending Department, after what seemed like an eternity on the line with them and the security team, … For a personal card, Chase Sapphire Preferred is strongest (or the Chase Sapphire Reserve if you want true luxury). I called in to recon today and the rep said that I was already denied but could potentially get the application approved if I applied for a Fictitious Business Name statement at the county clerk and then go to a branch with the documentation. I called recon again the next day, they reviewed it and approved my card! You can apply for an EIN on the IRS website. Don't! There is a 1/30 rule guideline (1 card every 30 days) for the business cards, so you want to wait until you're at least past that. This is the lowest approval score per a BRM. You'll get a denial unless you haven't gotten ANY (personal or business) Chase cards in the last 30 days. Even if you don't currently, do you have plans to sell something on craigslist or ebay in the future? Revenue can be expected income for this upcoming year, and doesn't have to reflect last year, so feel free to be liberal with your revenue number. Tell Chase about your business. Year before that?Are you currently operating at a profit or loss?What is your expected revenue, expenses, profits for the next year? Chase currently features three Ink cards in its business card portfolio. Even people with a long Chase history have reported having to wait 5 months after the CSR to get approved for the CIP. This was the issue I encountered. Luckily, I applied with a BRM, emailed chase to change the name, few days later was approved. Got a request for address verification in the mail, so I sent them my internet bill. The Chase Sapphire Preferred® Card is a solid choice offering many benefits. This spending requirement is huge. The basic cards seem to have a much lower range, I've seen as low as $500 for the Amazon Prime card. Refreshed since the old thread has been archived. How Chase Ink Business Preferred cell phone protection works. They don't add to 5/24. Of the three Chase small-business credit cards, the Ink Business Preferred® Credit Card offers the best value, especially for frequent travelers. If you've gotten 4-5 Chase cards in the last 6 months. Here's the flyertalk discussion about this. Move was about 25 miles. Understood that it's just anecdotal, but still. 2020.3 Update: There is a new 100k offer, which requires $15k spending in 3 months. Chase Ink Unlimited has 1.5x on all purchases (same as the Chase Freedom Unlimited personal card.). Ink Business Preferred® Credit Card. I understand applying as a sole proprietor with my own name, but Im wondering if they will write a different name on the physical card? If you do have to call recon, call the Chase Business line: 800-453-9719, open 1pm-10pm Monday to Friday. They don't add to 5/24. And one of the best travel credit card bonuses available right now. I heard that there's a soft cap of 4-5 Chase business cards before they'll approve you for more. ", Please update with how you responded and whether you were approved. The two current UR business cards have benefits and categories not found on any other Chase UR cards. If you've gotten any Chase card in the last 30 days. If you have less than 6 months of history with Chase, and decided to go with the CSR first. This card also isn’t the only member of the Chase Ink family. We will let you know of our decision as soon as possible”. Use both the Sapphire Preferred and Chase Freedom for spending in their bonus categories, and then round out the trio by putting all other purchases on your Ink Business Unlimited. Plus, when you sign up for the Chase Ink Business Preferred card, you’ll earn 100,000 Chase Ultimate Rewards points after you spend $15,000 on purchases in the first three months from account opening. Even people with a long Chase history have reported having to wait 5 months after the CSR to get approved for the CIP. Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. at Chase'ssecure website. Use this chart to determine your next steps. I know there were some conflicting DPs about getting the CIP within x-months of moving, so that's my success story. I like the benchmarks of $2,000 revenue and 2 years in business, but put what you feel comfortable with. Use this chart to determine your next steps. I just want to highlight the biggest tip in this guide is to not recon if the app goes pending - and wait to see what the denial reason is before you take the next steps. Per Bloomberg, Chase Ink Preferred is coming out later this year with 80,000 sign up bonus and 3x travel, telecom, shipping and advertising on social media and search engines, cap at first 150k spend. Instead I received the LYK ASAP email. If you do have to call recon, call the Chase Business line: 800-453-9719, open 1pm-10pm Monday to Friday. This is 25% more value than the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card, so you’ll be able to redeem fewer points for more travel. Saw this post so I faxed in my lease - and I got approved. Legal name of business: If you are a sole proprietor, your legal business name can be your own name or the name of your business. ?How old is your business?How long have you been in the trade?Number of employees?Why does your business need this credit card? It's not a reason not to submit an app, but is one of the common reasons to not get an immediate approval. I have a large personal income, already have CSR, and an 810+ credit score. What is your business?What products do you sale, how much, etc. I like the benchmarks of $2,000 revenue and 2 years in business, but put what you feel comfortable with. This is a common sticking point as the terms say spend on the card should be for business, and it's actually quite inclusive. No office supplies stores. For those who have the Chase Ink Plus Card (no longer available for applications), you can provide referrals to the Ink Business Preferred. Is it safe for me to reapply for the same card with my real name after waiting out the 30 days? Chase INK Preferred 100,000; Chase INK Cash $500; Being a Chase Private Client used to by pass the 5/24 rule, but Chase removed this ability so I imagine this work around won’t last for ever. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Preferred card prior to hitting "Apply Now" to ensure you are applying for the correct card. Visit https://www.chase.com/referafriend/chasesapphirepreferred to make a referral. Was able to get them to change it on the application when they asked for verification, and that got me approved. Bonus categories include travel; shipping purchases; Internet, cable, and phone services; and advertising purchases with social … What hurts more is I want the MPE business card and am receiving mailers for the personal MPE. No consulting, no Inc, just your name. The Ink Business Preferred(R) Card has a new 100,000 point bonus for new cardholders, worth at least $1,250 towards travel when redeemed through Chase and potentially more via points transfer to Hyatt hotels, etc. The reason is that recon is tougher than personal (but not that tough), and it's ideal to get 2 business cards before you start having to call reconsideration to get approval. They look at volume, and while this isn't a certain denial, it's one of the more common reasons. A question they asked me during recon but that's not on your list is "Did you pay taxes on your revenue last year? EDIT: Have seen a fair amount of counter data points for non-UR cards, but it is still a good guideline. All other rules still apply. Is the Ink Business Cash card a cash-back card? In a Nutshell Of the three Chase small-business credit cards, the Ink Business Preferred® Credit Card offers the best value, especially for frequent travelers. Congratulations! 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