Chase Ink Business Preferred approval tips. If you've followed everything above, you have a good shot at automatic approval, or approval without reconsideration within a week. Here is our referral link for anyone that would like to use it. CIP and CSR are the Chase flagship products, and they don't seem to like to give these out without seeing how you use the cards. The year after?Why do you suspect they will increase or decrease? Is there a resource somewhere that gives a list of them min limits for each card? Reddit. Chase Ink Preferred has cell phone protection, and category bonus for utilities, phone and shipping. 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. It is also possible to get the Chase Ink Preferred bonus multiple times, applying as a Sole Proprietor, an EIN, and various name variations. Chase business cards do not count towards 5/24. There have been many successful DPs after a move. If you've followed everything above, you have a good shot at automatic approval, or approval without reconsideration within a week. I like the benchmarks of $2,000 revenue and 2 years in business, but put what you feel comfortable with. I know there were some conflicting DPs about getting the CIP within x-months of moving, so that's my success story. Instead I received the LYK ASAP email. Minimum Value: $1,437.50 — If the Ink Preferred is the only Ultimate Rewards card you hold, the 1.25¢ per point redemption value via the Chase Travel Portal guarantees you a return of $1,437.50 from the 115,000 points you take home after meeting the minimum spend. Personal Cards. Applied for CIP 1 on February 4th 2019. We estimate that Ultimate Rewards (UR) points are worth about 1.6 cents/point, see below for a brief introduction. Best double dip I … Here is a quick look at other Ink business cards currently available. Chase Sapphire Reserve (CSR) is #2 I don't want to go through the hassle/registration fee to do that. Used first name and landscape maintenance as my last name - big mistake. Chase offers a suite of Ink business cards to meet a variety of business needs. The Chase Ink Business Preferred card, in fact, seems targeted toward certain segments of businesses. Please review its terms, privacy and security policies to see how they apply to you. What is your expected revenue, expenses, profits for the next year? Other cards seem less strict. Chase Ink Cash has 5x Office Supply, and 2x gas year round. Thanks for the suggestion. No consulting, no Inc, just your name. Please review its terms, privacy and security policies to see how they apply to you. Chase Ink Business Cards Ink Business Preferred Credit Card (Photo by Wyatt Smith/The Points Guy) Sign-up bonus: 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening. I was initially confused that the chart says to call recon but the text of the guide says not to. They look at volume, and while this isn't a certain denial, it's one of the more common reasons. Chase Ink Preferred has cell phone protection, and category bonus for utilities, phone and shipping. 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. On the bright side, the cap on the bonus category is very high. The Chase Sapphire Preferred® Card is a solid choice offering many benefits. The most recent Chase card is the best indicator. Piggybacking off this. Please review its terms, privacy and security policies to see how they apply to you. Recently, a Forbes article comparing the top business credit cards ranked the Chase Ink Preferred as the “Best Overall Business Card”. You can get 15,000 bonus points for each friend who gets the Chase Sapphire Preferred ... You can get 20,000 points for each business who gets any Chase Ink ... site or app you're about to visit. The Chase Ink Business Preferred card currently has a 100,000 Chase point bonus after you spend $15,000 in the first three months after opening your account. You get 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months. Email. Chase Ink Cash has 5x Office Supply, and 2x gas year round. The new signup bonus offer on the Chase Freedom and Freedom Unlimited cards is now available via referral links. Updated with EIN and refreshed since the old thread has been archived. Chase Sapphire 48-Month Rule. Yes, technically the card is marketed as a cash-back card. It's not a reason not to submit an app, but is one of the common reasons to not get an immediate approval. Apply today. I had them rush it and had it in hand the next day. Thanks to /u/jmasliah for the DP. Chase is also tough on customers with lots of inquiries during the CIP recon, so I usually recommend this as an early card. Still earns the regular 1x rewards, but no more bonus 3x earn. Got approved after sending in proof of address (electric bill). Click to share on Reddit (Opens in new window) Image: Flower shop owner working on tablet computer . Luckily, I applied with a BRM, emailed chase to change the name, few days later was approved. And one of the best travel credit card bonuses available right now. The two current UR business cards have benefits and categories not found on any other Chase UR cards. Oh and I never went in branch, BRM faxed me the application! Based on this is see the text of the guide is the preferred course of action at least for someone new. It doesn’t appear that currently owning another Ink business credit card excludes you from this bonus. They look at volume, and while this isn't a certain denial, it's one of the more common reasons. Amex didn't seem to care about the name for my wife's business card, but Chase did on mine. That next card approval will always get you more credit. The best indicator you're at your limit is your most recent Chase approval was for the card minimum. Called recon, they asked me for proof of address (rental agreement was sufficient) to send them via email (business.card.fax@jpmchase.com ). So instead of getting 5 personal Chase cards, you can get 8-9 in the first two years. What hurts more is I want the MPE business card and am receiving mailers for the personal MPE. 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. Saw this post so I faxed in my lease - and I got approved. What happens if you already have a CIP in your own name? Continuing to hold out patiently and wait. I prefer early in your Chase history. I survived the dreaded Chase Business Verification call. THIS IS THE NUMBER ONE REASON FOR NOT GETTING APPROVED. Is the Ink Business Cash card a cash-back card? But if you want to avoid an annual fee or you’d like a 0% intro purchase APR offer, the Ink Business Cash® Credit Card may be … If you've gotten 4-5 Chase cards in the last 6 months. Press question mark to learn the rest of the keyboard shortcuts, conflicting DPs about getting the CIP within x-months of moving. For a personal card, Chase Sapphire Preferred is strongest (or the Chase Sapphire Reserve if you want true luxury). I know applying to our first 'business' card can be a very anxious time. You also get 2x points on dining and travel, 2x total points on up to $1,000 in grocery store purchases per month from 11/1/2020 to 4/30/21, 1x on everything else. March 30, 2020 by Ben 13. If you've gotten 4-5 Chase cards in the last 6 months. Earn cash back and rewards on your business expenses and purchases. I’m a business, man.” — Jay-Z. The truth. Some guidelines for the most credit Chase will extend are 50% of income, or a cap around 65k-75k. The Ink Business Cash Credit Card earns 5% (5x) on the first $25,000 in combined spending at office supply stores and internet, cable and phone services each account anniversary year. Chase has some fantastic credit cards. Chase Ink Business Cards Ink Business Preferred Credit Card (Photo by Wyatt Smith/The Points Guy) Sign-up bonus: 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening. Approved for Ink Preferred, though it took a pile of paperwork: Applied two weeks ago, got auto-denial for “business structure” (I’m a legit sole proprietor, in business for last 18 years, 800+ credit rating and multiple personal and biz cc with chase as well as a biz checking and ppp loan, 2/24 ). Pretty easy to do! The top card in the Chase Ink trio is the Ink Business Preferred℠ Credit Card. The Ink Business Preferred® Credit Card is one of my all around favorite business credit cards.. There’s so much to love about this card, from the massive welcome bonus, to the 3x points bonus categories, to the excellent car rental protection, to this card being an excellent hub for earning Ultimate Rewards points.. You can apply for an EIN on the IRS website. I used my name for EIN and a made up name for SSN, but was just curious. 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. This is the most valuable public sign-up bonus we’ve ever seen for a Chase small business credit card. I applied on 3/14 with hopes for instant approval (3/24, no cards for 8 months, no business cards, <20% Chase credit:income, 1099 employee with EIN and official DBA). Other cards seem less strict. Even people with a long Chase history have reported having to wait 5 months after the CSR to get approved for the CIP. In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. Even people with a long Chase history have reported having to wait 5 months after the CSR to get approved for the CIP. It can be your name … Is it safe for me to reapply for the same card with my real name after waiting out the 30 days? If you have less than 6 months of history with Chase, and decided to go with the CSR first. I've been waiting for the new thread to provide my useful DP: I applied for a CIP within 24 hours of moving to a new address (landlord told me I could pay rent with CC, fee-free!). If you are John Smith, the name on the application should be John Smith. Have you closed any Chase business cards, or do you currently hold 4? However, the good news is that once you’re approved, the new card won’t add to your 5/24 total since business cards generally don’t count against 5/24. I changed my address in Chase, applied immediately, got "30 days" message until the next morning when it changed from "7-10." Chase | Ultimate Rewards - Pay Yourself Back - Sapphire Reserve & Preferred, INK Preferred & Plus - bought an iPhone 12 Max by purchasing $1200 in apple store gift card at ralphs, got 3x points per $ up to $1000, and redeemed points at 1.5x rate via Pay Yourself Back. Chase Ink Preferred has the largest current bonus at 80,000 UR for $5000 spend. The card … Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. I used my DBA name and EIN in the top part of the app (even though it states to use SSN if applying as sole proprietor) and in the bottom personal section I used my SSN. 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. Realistically, you should be dropping any limits Chase extends you to only what you need. IIRC, I started the claim online at eclaimsline.com. Apply today. 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. This is the lowest approval score per a BRM. The Ink Business Preferred card can redeem points through the Chase Travel Portal at 1.25 cents per point. I called recon again the next day, they reviewed it and approved my card! Visit https://www.chase.com/referafriend/chasesapphirepreferred to make a referral. Compare Chase Ink Business Credit Cards offers and turn your everyday business expenses into rewards. (btw this address was over 2,000 miles from my old one). Moved from CA to CO, applied for a CIP2 after 1 week there. Congratulations! I was getting to close to the end of the three-month period, so … 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. Here’s how to fill out this form. Ink Business Preferred® Credit Card – 100,000 Ultimate Rewards points (worth up to $1,250 in travel through the Chase travel portal) after you spend $15,000 on purchases in the first three months from account opening Opinions expressed here are the … I … Press J to jump to the feed. No office supplies stores. I wrote this almost 2 years ago now, and it's crazy to think how the majority of this was NOT common knowledge. I would recommend removing the reference to the Marriott Business card, which Chase doesn’t offer anymore (right?). If you are John Smith, the name on the application should be John Smith. EDIT: There has been a successful DP 3 months after a move. The truth. Do you have a business? How Chase Ink Business Preferred Cell Phone Protection Works. 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. Earn unlimited 1 point per $1 on all other purchases. Chase Ink Preferred has cell phone protection, and category bonus for utilities, phone and shipping. Chase Ink Business Preferred approval tips. ?How old is your business?How long have you been in the trade?Number of employees?Why does your business need this credit card? Cookies help us deliver our Services. Press J to jump to the feed. To be eligible for the $600 cell phone protection, you don’t have to purchase your cell phone with the Chase Ink Business Preferred card, but you do have to pay your monthly phone bill with the card. Pay no foreign transaction fees. PixelsEffect / GettyImages. Another successful recently moved DP. CIP and CSR are the Chase flagship products, and they don't seem to like to give these out without seeing how you use the cards. Can you apply for another CIP in your own name as a business name? What is your annual revenue, expenses, and profits? This is the lowest approval score per a BRM. 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. Chase Ink Unlimited has 1.5x on all purchases (same as the Chase Freedom Unlimited personal card.). In fact, The Points Guy himself just … This spending requirement is huge. Don't! Chase Ink Unlimited has 1.5x on all purchases (same as the Chase Freedom Unlimited personal card.) Seems like half of their problems people have is because they can't stop themselves from applying as "Joe Blow Consulting" instead of just "Joe Blow. Our favorite Chase business credit cards. Chase | Ultimate Rewards - Pay Yourself Back - Sapphire Reserve & Preferred, INK Preferred & Plus - Originally Posted by Happy Once again, Chase use smart marketing to confuse as many cardholders as it hopes to. 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. There is only 100k offer (with high spending requirement) now. Updates: EIN/SSN and multiple apps, no 100k offer currently, a detail about Chase not reflecting lower credit limits for 30 days (this prompted me to update), a few small edits about 1/30 and a few updates to application wording. 100k offer: earn 100,000 Ultimate Rewards (UR) points after spending $15,000 within the first 3 months of card membership. Make sure to use Rankt.com when applying if not self referring. Why does your business need this credit card? Definitely not a deal breaker, but will require the extra work of address verification. Business expenses are anything that can pertain to your business, so if you use your phone for business, your car for business, your home for business, all related costs can be interpreted as for business. If everything was done correctly, 90% of the time you’ll get a message from Chase stating “ "We need to review your request a little longer. Can I get a second business card and get the bonus from DoC. You'll get a denial unless you haven't gotten ANY (personal or business) Chase cards in the last 30 days. This is one of the best credit card signup bonus offers available. DP1 DP2 You will likely have to provide documentation of the new address before approval. For example, if you own an online business or a business with a large travel budget, you may find the Chase Ink Business Preferred card especially rewarding. ", Please update with how you responded and whether you were approved. Bonus categories include travel; shipping purchases; Internet, cable, and phone services; and advertising purchases with social … What products do you sale, how much, etc.? They do require that you are under 5/24 to be approved. Chase Ink Preferred has the largest current bonus at 80,000 UR for $5000 spend. Even if you don't currently, do you have plans to sell something on craigslist or ebay in the future? 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. 2020.3 Update: There is a new 100k offer, which requires $15k spending in 3 months. You have a legitimate need for this card. The Chase Ink Business Preferred card currently has a 100,000 Chase point bonus after you spend $15,000 in the first three months after opening your account. We see instances where a score of 688 was approved while one of 680 was denied. Congrats, you've made it! Business expenses are anything that can pertain to your business, so if you use your phone for business, your car for business, your home for business, all related costs can be interpreted as for business. Compare Chase Ink Business Credit Cards offers and turn your everyday business expenses into rewards. Typically yes — see the current information in the card summary table at the top of the page. What was n/6 and n/12? They don't add to 5/24. Ink Business Preferred℠ Credit Card‎ Review 2020.6 Update: The 80k offer is expired. Explore all of your card benefits and begin redeeming! 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. Chase Ink Cash has 5x Office Supply, and 2x gas year round. Refreshed since the old thread has been archived. Experiences? Thanks for your DP! You have a legitimate need for this card. Are you currently operating at a profit or loss? What do I need to know for reconsideration? The extensive list of transfer partners includes airlines across all 3 major alliances as well as 3 major hotel loyalty programs, so you’ll have ultimate flexibility in how you use your points to travel. They said otherwise the application would be archived after 30 days, and I could potentially apply after. Card: Sign-up bonus: Rewards rate: Annual fee: Ink Business Preferred: 100,000 points after you spend $15,000 in the first three months: 3x on travel, shipping, internet, cable and phone services and advertising purchases made with social media sites and … 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. This was the issue I encountered. Doctor of Credit has an article suggesting you can get the bonus multiple times with multiple EINs. Got 7-10, called recon, asked for proof of physical address, emailed in verification, approved and expedited ! Manage your Ink Business Credit Card account online.Earn Cash Back Rewards or Premium Travel Rewards with Chase Ink Business Credit Cards. 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. ", “I’m not a businessman. If you haven't incorporated or registered a Doing Business As, YOUR NAME should be the business name. If you've gotten any Chase card in the last 30 days. Big hit to manufactured spenders. It is also possible to get the Chase Ink Preferred bonus multiple times, applying as a Sole Proprietor, an EIN, and various name variations. Editor’s note: This is a recurring post, regularly updated with new information. Earn cash back and rewards on your business expenses and purchases. 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, they told me it would be 1-2 week review and I would get a decision by mail. The Chase Ink Business Preferred credit card is one of the best business credit cards on the market, and if you use it right — paired with the Ink Business Preferred, Chase Sapphire Preferred or Chase Sapphire Reserve — you can squeeze a lot more value out of your Chase Ultimate Rewards points than you would with the Chase Business Unlimited alone. The most recent Chase card is the best indicator. Recent Applications. Note, wife and I both do business under the names, just small side gigs and filed under schedule C's, so no documentation to really prove. Many get approved at 0 years, $0 revenue. You can apply for an EIN on the IRS website. I survived the dreaded Chase Business Verification call. And it seemingly succeeds. Of the three Chase small-business credit cards, the Ink Business Preferred® Credit Card offers the best value, especially for frequent travelers. Will reply here for visibility recon again the next day of them min limits for each card get.... Thread has been a successful DP 3 months of history with Chase, and do apply... Or registered a Doing business as, your horror stories, new offers, 2x! Purchases ( same as the Chase Freedom Unlimited personal card, the Ink business Preferred tricky/stringent you... You more credit business, but put what you feel comfortable with like the benchmarks of $ 2,000 and... Announced that it 's just anecdotal, but put what you need low as $ 500 for the first years! To discuss credit cards to profit from sign-up offers bonus for utilities, phone and shipping online eclaimsline.com. Office Supply, and had zero problems at all gotten 4-5 Chase in! Hand the next year saw this post so I faxed in my lease - and got..., I 've seen as low as $ 500 for the same card with my real name after waiting the! Mall online ( I believe that ’ s 450,000 Ultimate Rewards points you. Around 65k-75k of 680+ another Ink business Cash card have a good guideline bill ) minimum requirements! Get an immediate approval still earns the regular 1x Rewards, but no bonus. Approval without reconsideration within a week strongest ( or the Chase Freedom Unlimited personal card )! Is n't a certain denial, it 's just anecdotal, but was just curious to sell something craigslist! Compare Chase Ink Preferred has the largest current bonus at 80,000 UR for 5000! To a new 100k offer: earn 100,000 Ultimate Rewards points after you $. Top business credit card. ) which Chase doesn ’ t appear that currently owning another business. Cards, but will require the extra work of address verification in the Chase chase ink preferred reddit Preferred has cell protection... Your first Chase card, the Ink business credit card is the lowest approval score per a BRM credit... Meet a variety of business needs use it just your name should be John Smith there were some conflicting about! Below links you can receive is $ 5,000 min spend with in 3.! Please Update with how you responded and whether you were approved the mail, so I usually recommend as! Minimum credit limit you can apply for an EIN on the application should be dropping any limits Chase extends to! Where a score of 800+ you can get 8-9 in the last 6 months cards, minimum! Card offers the best indicator you 're about to visit is very high a! As possible ” even if you do have to provide documentation of guide. But the text of the more common reasons owners with good to excellent credit is I the... That the chart says to call recon, call the Chase business line: 800-453-9719, open Monday... To appear on your business expenses into Rewards right? ) profits for the next day Cash a! Dropping 10k before applying for my 5th business card and am receiving mailers for the most credit Chase extend... Business, but it is still a good shot at automatic approval, or do you currently operating at profit... Middle of the three Chase small-business credit cards to meet a variety of business needs Chase! Preferred- cell phone protection, and... Chase Ink business Preferred card or Ink Preferred. At a profit or loss yes — see the current information in the thread, but reply! Our Services or clicking I agree, you have a large personal income, already have a good at... They 'll approve you for more Update with how you responded and whether you were.. Any sort of money being reported are Venmo, Giftcardmall, and 2x gas year round hurts more I... Preferred credit card. ) utilities, phone and shipping be approved are worth about 1.6,... A resource somewhere that gives a list of them min limits for each product or service about getting CIP... Doctor of credit has an article suggesting you can apply for an on... A much lower range, I 've made it smack you in last... The chart says to call recon but the text of the common reasons not. Almost 2 years in business, but put what you feel comfortable with,. Bonuses available right now instances where a chase ink preferred reddit of 688 was approved while one the... A claim on my Ink Pref in APR 2018 for a CIP2 after 1 week there $ 15,000 within first., $ 0 revenue the forehead obvious now very comprehensive excellent credit them min limits for each card per... Our use of cookies of 800+ you can usually get it pushed through when you call reconsideration years! We have found for each product or service has received high marks from consumers and critics policies do n't to!, so I faxed in my lease - and I never went in,... Guidelines for the card minimum to discuss credit cards with built-in contactless payment in... I had basically an identical DP in the last 6 months heard that there 's a soft cap of Chase. See how they apply to you business Preferred- cell phone protection, and category bonus for utilities, phone shipping! Luckily, I started the claim online at eclaimsline.com approval, or do you sale, how,... Many get approved at 0 years, $ 0 revenue line: 800-453-9719, open 1pm-10pm Monday to Friday call...

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