Posted by Chuck on February 24, 2017
Credit Cards

Published on February 24th, 2017 | by Chuck

79

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.



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Matt
Matt

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

dan
dan

just go to a branch & ask to see if getting preapproved

NoonRadar

All of the sudden Chase branches will be flooded with businessmen & businesswomen signing up for business checking accounts and casually asking the banker to check if there’s any preapprovals for them.

Speaking of, there’s a $200 Chase business checking bonus that’s public via Google ads, more details abt it here: https://noonradar.com/blogs/news/chase-business-checking-200-bonus-no-direct-deposit-required

Currently I also see a couple of $300 ones for sale on eBay.

William Charles

Better to just wait for the $300 + $200 public bonus or purchase a $300 offer IMO.

DSP
DSP

Probably. There are lots of DPs of in branch pre-approvals passing 5/24 with the current 80k waived AF offer.

Jonathan
Jonathan

Are there? I’ve seen surprisingly few DPs on this.

borntobehermit
borntobehermit

I am one of them. I just got approved for the 80k Ink Preferred with 6/24.
I am not sure where to leave my DP though 🙂
And until I see the card in my hands, I still cannot believe it 🙂

eli232
eli232

yes . from experianc

eli232
eli232

yes . from experiance

SG
SG

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

dan
dan

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

Chris
Chris

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.

PeaceandPost
PeaceandPost

Yep same experience

WR
WR

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
Steve

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).

Chris
Chris

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…

Nate
Nate

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.

WR
WR

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.

Paul
Paul

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

Chucks
Chucks

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?

chris
chris

March 12 is a Sunday and I don’t know any branches that are open on a Sunday, I don’t think that it’s coincidence that they selected that date.

vinn
vinn

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

mishyq
mishyq

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
Laura

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
mishyq

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
psh

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)

Laura
Laura

Great to know!

Beth
Beth

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
Steve

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.

Laura
Laura

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!

Ferris
Ferris

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
Jay

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 😉

Arthur Digby Sellers
Arthur Digby Sellers

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.

Daniel
Daniel

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
Frank

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.

dave
dave

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

Zack
Zack

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

Frank
Frank

Definitely, as long as you’re both officers of the company. My wife and I each have separate Chase business cards.

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