Posted by Chuck on February 24, 2017
Credit Cards chase-ink-preferred

Published on February 24th, 2017 | by Chuck

77

Chase INK Preferred 100,000 In-Branch Offer Starting March 12 [Update Inside]

Important update: These offers will be available to business managed customers, these customers are managed by business relationship managers and as such most readers will NOT be eligible for these offers.

The Offer

  • Beginning March 12, the signup bonus on the Chase INK Preferred card will be 100,000 points after spending $5,000 within three months.

This change is for branch applications only. The online offer will remain the same.

As part of the new offer the annual fee will no longer be waived the first year, as has been the case previously with branch applications. Essentially, you’re paying $95 for an extra 20k UR points which is obviously an excellent deal.

[Image removed at the request of Chase]

 

Card Details

  • $95 annual fee NOT waived the first year
  • Card earns at the following rates:
    • 3x points per $1 spent on the first $150,000 in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
    • 1x points per $1 spent on all other purchases
  • Points are worth an additional 25% more when you redeem them for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards (making points worth 1.25¢ per point)
  • Ability to transfer Chase Ultimate Rewards to Chase’s travel partners at 1:1 rate
  • No foreign transaction fees

Our Verdict

We’ve reported that the INK Preferred will be increasing, but we didn’t have a firm date, and the media team also indicated that the offer will be targeted. We now know that it’ll happen on March 12 and that it will be a branch-only offer.

Note the picture above indicates that the 100k offer will be a targeted offer only available to Business Managed customers. I’m pretty sure (but not positive) this just means that you’ll need a dedicated business banker to get the offer for you; not all Chase bankers deal with business products.

Applying in-branch might sound like a drag, but the truth is that for many of use our only hope is to go to a branch and see if we got pre-approved for the card since the INK Preferred card is effected by 5/24. Check out these 23 things to know about Chase credit card before applying.

Also noted in the photo above is that the INK Cash will increase. We wrote about that in a dedicated post. Hopefully, if you go into a branch you’ll be pre-approved for at least one of these cards.

Huge thanks goes to D. who let us know about this. Please send us tips and info to Will@doctorofcredit.com or Chuck@doctorofcredit.com or both. Thanks.



77 Responses to Chase INK Preferred 100,000 In-Branch Offer Starting March 12 [Update Inside]

  1. Matt says:

    Will it be possible to get pre-approvals for this to get around 5/24 as with the CSR?

  2. SG says:

    How is the process of a sole proprietorship opening a business card in branch?
    Any idea what have to be shown?

    • dan says:

      have a chase biz chkg acct & DBA doc should help, but if not pre-approved & over 5/24 is no guarantee

    • Chris says:

      Basically YMMV as what they need from you in branch. In one branch the Business products rep insisted that I need my SP to be registered with the state. I went straight to another branch and it was as easy as opening a personal CC.

    • WR says:

      I just did this a week ago, it was super easy. I only needed my DL, a current Chase personal CC, and of course I had to tell them my SSN. They didn’t even ask my business income, they only asked my business assets, and asked for zero documentation. Be sure to find a bonus offer, I found a $200 offer pretty easily, though I’ve heard there are $500 offers out there.

      • Steve says:

        That’s for a business checking account.
        For a business credit card, they ask for business income, business category, and when the business started (but not business assets or any documentation, in my experience).

  3. Chris says:

    Do you all think it will be possible to match within 90 days, considering that this offer seems only targeted and only open to people with Business accounts? I guess it does not hurt to try…

    • Chuck says:

      I guess if you go in-branch and get the offer from the banker, you can them ask them to match it. Probably won’t be possible to just send an SM with a picture and ask for a match, I’d guess.

  4. Nate says:

    Any thoughts/opinions on whether we’ll be able to downgrade Ink Business Preferred to Ink Cash once you’ve hit the one year mark? Obviously, no one has hit that time period yet, but wondering if anyone has thoughts based on past history with Chase.

  5. WR says:

    Any idea how long this offer will be available? I just got a chase card earlier this month, and I’m well over 5/24, so my only hope is a pre-approval that I assume at best will be about 6 months from now. I just signed up for a business checking account so that I could get pre-approved for this.

  6. Paul says:

    Thanks DOC already added the reminder to my calendar to visit a Chase branch.

  7. Chucks says:

    Gosh so the CSR 100k offer disappears in branch on March 12th too? Or is it the 11th? Does that mean you could get both offers in-branch on the same day?

  8. vinn says:

    What if… I apply in branch on 3/1 while the annual fee is still waived, when the offer changes to 100k could I SM for a bonus match? Seems you can get away with both annual fee waived AND the new higher offer

  9. mishyq says:

    dilemma and decisions over the 2 upcoming chase biz CC offers

    is it better to close an existing CC business card first (i am referring to partner cards like Southwest or Marriott), before applying for new ones?

    i have heard that Chase doesnt tend to give out too many business card accounts?

    • Laura says:

      Are you saying you’ve heard that Chase doesn’t give out too many business card accounts to one business or to one person? (We already have a Chase Ink Cash for one of our business, we’ve had that card for awhile, but now we’re looking to pick up the Preferred for our main business.)

      • mishyq says:

        I think 2 is OK. 3 is rare. as for 4, i havent seen any DP on it (but i am sure someone is out there having >4 :))

        just thinking of ways to increase chances of auto-approval

        • psh says:

          It’s true, I recently got approved for Ink Pref and United Biz, in addition to an existing Ink Bold and Ink Plus. Gotta love it:)
          Ink Pref went pending but was auto approved. Took a coupla calls to recon to get the United approved (answered about a hundred questions about my business, and was finally able to re-allocate credit from my Ink Bold)

      • Beth says:

        I got Ink Plus, United Business and then Ink Cash all within about a year. The third was the Ink Cash,got it when I was over 5/24 but asked banker to check for any pre-approved offers when I went in to open a business checking account with a coupon for a bonus.

    • Steve says:

      I got a second business card. But you may want to reduce the credit limit on your first card, to improve the chances of the second card being auto-approved.

  10. Laura says:

    Very excited to see this news! I’m thrilled the offer isn’t going to be targeted beyond meeting with the right banker and really glad this is coming up earlier rather than in the back half of the year. Thanks for keeping us posted Chuck!

  11. Ferris says:

    If I’m not targeted, will I still be able to get 80k in branch during all of this? or is the 80k online only?

    • Jay says:

      Chase in-branch public offers are never lower than the highest public online offer. If this offer ends up being highly-targeted, they’ll probably just keep the old 80k offer on display for non-targeted folks to apply, and whip out the 100k offer when someone targeted comes along.

      There’s no way that only the 100k targeted businesses would be allowed to apply for this card in-branch 😉

  12. Arthur Digby Sellers says:

    Point of clarification–is someone who has a real sole proprietor business but does not need or want a business checking account likely to receive the 100k after 3/12, or will that applicant be stuck with the 80k offer? If the latter, I will want to apply for the card BEFORE 3/12 to avoid paying the annual fee.

  13. Daniel says:

    If I apply for the SW Premier Biz card today, but I’m well under 5/24, will that make it difficult to get this card next month? I’m still new, but I’ve heard it’s difficult to get more than one business card from Chase.

    Side note: For my business, I will use a small blog with about $40 in ad revenue a year. Are there any DPs for businesses with very small revenue being approved? If not, I have other tangential revenue I can include in the total, but the $40 is the easiest for me to back up.

    • Frank says:

      I think it will be very hard to get a second business card in less than 3 months. I happen to have 2 businesses (with my wife) and I have 4 business cards and my wife has 2 (not AU cards either). But that took some time. I am also way over 5/24 … more like 25/24, but I am a Chase Private Client.

  14. dave says:

    I’m surprised to read so many people here still under 5/24…

  15. Zack says:

    Does anyone know if you can apply for 2 Chase business cards for 2 different people but for the same business?

  16. Laura says:

    Well that got disappointing quick. Guess we’ll all be keeping an eye out for datapoints, hope some of us find success!

  17. Laura says:

    No idea if this is accurate but according to a JPM job description I read “Business Banking serves the banking needs of businesses with $.5 million to $20 million in revenue. The Relationship Manager (RM) manages a portfolio of these clients…” Guess I’m sticking with my Amex. Don’t know why but 80,000 just isn’t as appealing when I know others (albeit very few) are getting 100,000 points.

  18. Thanks for the helpful post, Chuck! Currently have an Ink Cash (former Ink Plus that was product-changed) and planning to apply for the Ink Preferred. Is my understanding correct that, assuming I value 20,000 Ultimate Rewards Points at more than $95, it would make more sense to wait until March 12 to apply in branch, rather than apply now online or in branch? Will there be any issues with me having an Ink Cash card (that used to be an Ink Plus)? If so, how can those issues be prevented / avoided?

    • Also, unsure about the “important update” — the update is clear, but the post text states that you will just need a dedicated business banker to help you. If you aren’t a business managed customer (or don’t know if you are), is it safe to assume this offer won’t be available to you?

      Separately, what will happen to the public online offer and public in-branch offer on March 12?

      • > lso, unsure about the “important update” — the update is clear, but the post text states that you will just need a dedicated business banker to help you. If you aren’t a business managed customer (or don’t know if you are), is it safe to assume this offer won’t be available to you?

        Yes

        Public in branch and online offer will both be 50k points.

    • Better to get the Ink Preferred now I believe.

  19. Brandon says:

    Will,

    Sorry just to clarify further, a personal banker that I’ve worked with in the past, referred me to a business banker at his branch and they said they would help me apply for the ink preferred (this was before the details of the 100k offer came out, so I’ve delayed going in to apply). I do not have any existing business relationship though with chase (just personal checking/saving and cards) and my business is sell stuff on eBay business (legitimate though). Any idea whether I’d get the 100k offer (since they previously said they help me apply, not sure if this would count)? Or should I go in asap to get the fee waived at least?

    Thanks

  20. BRandon says:

    Thanks will. Any idea what generally would qualify you?

  21. Chris says:

    DP: Just tried sending a secure message today about matching the 100k for the Ink Preferred. Got shut down very quickly. Tried calling, but no luck. Was told there is a note on the account that it cannot be matched to the higher offer.

  22. Chris says:

    In branch

  23. Pete says:

    Curious if any folks have applied for the Ink Preferred 80k offer in-branch? Just to confirm that the $95 annual fee is now not waived…

    Thanks

  24. Paul Smith says:

    Applied today in branch. Was told the speculation is the 100k points will be available trough a business account manager by invitation only sometime in mid to late April, but she did say they don’t know yet.
    The annual fee of $95 was put into affect on March 11th, which the rep thought it was till the 24th till she confirmed.

    I have a business and personal account (since 2006) with Chase, applied for the Ink Preferred. It showed as a pending status.
    Immediately called the Recon line, said I was rejected for the BK I had in 2012. Asked me all the questions on why I had a BK, my income and business now, earnings, revenue for previous years, projected future earnings.
    Got denied again because I have 2 new accounts with Chase, I just opened a Sapphire Preferred and a Slate last week. Both of these were initially denied, I called the recon line and got them both approved.
    She then said that this was a business card under my company, so she can make it work. Came back 3 min later with a approval for $5k

  25. Bill says:

    I am wondering if this card has bonus category, Gas, like Chase Ink Plus (2x however).

    Thanks!

  26. Tobias Kaplan says:

    Signed up for this yesterday, I don’t have any bank accounts with chase

    I asked the personal banker about the 100k offer and he took me to meet with a business relationship manager. They submitted my application, wasn’t approved right away but I called the business recon line and reallocated some credit to get it opened.

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