You can read more about how one reader got the 100,000 point bonus on the Chase Ink Preferred here.
Chase are making a number of changes on/around March 12th. I thought it would be worth looking at these changes to give everybody a friendly reminder.
- March 11th: Last day for Chase Sapphire Reserve 100,000 point in branch offer
- March 11th: Last day for Chase Ink Preferred 80,000 point offer with annual fee waived (to clarify 80,000 bonus will remain but the annual fee will no longer be waived)
- March 12th: Chase Ink Preferred offer increased to 100,000 points. This will be targeted towards Business Managed Customers (e.g it won’t be available to the vast majority of people). Annual fee is no longer waived
- March 12th: Chase Ink Cash offer will increase to $500. This will be targeted towards Business Managed Customers (e.g it won’t be available to the vast majority of people).
- March 12th: Chase Sapphire Reserve offer will be 60,000 points for those with Chase Private Client
I suspect in branch pre-approvals for the Chase Sapphire Reserve will becoming back after the sign up bonus has been decrease, but that is solely a guess.
Hello Doc
I am under 5/24 but my last credit card that i opened was my first business card with chase in March 2016. (Chase Ink plus). I have spent 50K on it but mostly in staples purchases and gift cards to get 5x..I am planning to downgrade that to chase ink cash when the fee comes around at end of the month. I wanted to see what my chances are to get the chase ink preferred for 80K bonus if i apply now..before the window closes
what kind of explanation should i provide if i dont get approved automatically and they ask me why i need back to back business cards when i have 20K credit limit on the first one ?
Appreciate your quick response on the best stratergy ?
If you need to call reconsideration, just explain to them, you like the some of the benefits that it offers compare to the Ink Plus(whatever it maybe) and offer them to move half of the 20k credit to the new card.
I’d just say you want to split separate business expenses (e.g one for invoices and one for purchases) or something like that. Usually they don’t really care too much.
For those over 5/24 who want the CSR or Ink Preferred, you’ll probably have better chance at getting the Ink Preferred card through reconsideration. I got a firm no many times regarding CSR reconsider even when my banker requested, but got an approval for Ink Preferred just by explaining to them I was applying for this card even though I know I have other cards because I wanted to keep my business purchases separate. I have a biz checking account with Chase too.
Thanks for the reminder, but Doc, hold on a second here… this changes the Chase application strategy a lot. (and I’ve been giving a whole bunch of people incorrect advice. I supposed many other in the game did too)
In your original 100k Ink Preferred post, you wrote the following
“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.”
Screenshot here:
http://imgur.com/9VM8wsM
But in this post, you wrote about the offer like this.
“This will be targeted towards Business Managed Customers (e.g it won’t be available to the vast majority of people). Annual fee is no longer waived”
And in the comment you wrote “it requires a lot of funds.”
These two posts almost directly contradict each other.
The former states that we just need a business banker, and the latter states that it really is targeted an will not be available to most people.
The reason why this is important is if it’s non-targeted, everyone interested should apply after 3/12/17; however, if it’s actually targeted, everyone interested should apply before 3/11/17.
Do we have any confirmation from Chase insider which one is true?
I suppose it’s the latter one since this is newer.
Thanks you DoC.
First post states you need a dedicated business banker. That’s different to having a business banker. Basically you must be a business managed customer, if you don’t know what that is then chances are it’s not you (I doubt any readers will be qualified for this).
Thanks for the clarification Will, that makes more sense now.
I am now messaging to all those asking for advice from me to go and apply for Ink Preferred before 3/12!
Could we get some clarification on what “business managed clients” means?
Basically if you have to ask, you’re not business managed. I think it’s some sort of deposit/transaction requirement and from memory it’s quite high ($1,000,000 or something).
Based on job descript: Business Relationship Mgr I: 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 and is a key role in the field organization, building relationships by providing financial advice to business clients with a focus on client experience and risk management. Business Banking is looking for an RM to develop new business and deepen existing relationships.
· Build collaborative internal and external relationships to provide the best in client advice and service, develop the business to ensure a seamless experience for the client who has multiple products and services.
· Serve as a trusted advisor to the client in delivering comprehensive and customized business banking products and solutions tailored to the financial needs and circumstances of business clients.
· Manage and grow a branch-based portfolio of business clients in assigned branches; manage credit opportunities up to approximately $250,000.
So if I wait until March 13 to go in branch to get the Ink Preferred, but I’m not targeted, I will only get 80k and have to pay the AF? I have a business checking account that’s about a 6 weeks old, and I got the Ink+ 2 months ago. Should I just try to get the 80k now? Not sure how likely it is I’ll be targeted. While an extra 20k points would be nice, I’d hate to pay $95 and not get it.
That’s my understanding, yes.
can’t wait to try to match my new Ink Preferred with the 100k bonus in a few weeks and see if it’ll work
Fingers crossed, it has worked with some CPC offers.
Too bad CPC no longer gets you anything.
Does anyone know if its possible to get approved for ink preferred for the S corp with federal tax id number if individual owner is over 5/24? Thanks.
I do not know the answer to your question.
I am planning to drive to work with a business banker over the phone to get all my documents ready and then schedule an appointment, drive to NJ and apply in person after the 12th. At that point the business banking officer can look on his screen and see what CCs I’m approved for.
I did that last weekend for my personal account and got the CSP and CSR in one sitting for 150K UR points.
The branch in Newark was PACKED with churners from DC applying for the CSR.
I tried in branch. Shot down in flames.
Being 26/24 didn’t really help though. 🙂
I am way over 5/24 and am wanting to get a Hyatt card, but I guess I might as well wait until after 3/12 and go in-branch in case I have a CSR preapproval.
I’m really hoping they reinstate them for the CSR once the 100k bonus goes away, but I’m doubtful.
Won’t the CSP be a better deal since it has no annual fee?
Already have the CSP and the benefits to the CSR outweigh the annual fee for me, especially in the first year.
Hhmm, I wonder what Business Managed Clients actually means? I have a business checking account with them, I opened it in branch with a Business Banker- so maybe he is my manager and I am Business-Managed now? What other criteria do there need to be?
No, it’s a deposit/transaction requirement I believe. Can’t remember the specifics, but it requires a lot of funds.
What will be the new signup bonus for non business managed clients come March 12th on the Business Preferred?
Probably standard 80k offer.
80k with no AF waiver in branch I believe