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Golden Tiger
Golden Tiger

Auto-approved as sole proprietor with $5k limit 2 years in business woohoo! Already have CIU and CIC for those who would tell me I should have applied for those instead

Craig Coppola
Craig Coppola

Does anyone know if the 5 tier qualifying night /per 10k spend can be pooled with my personal cards qualifying nights??

robertw
robertw

Its an OK deal. Ill get it for this simple reason. I will use it to leverage some suite upgrades. I already have Globalist for this year at the lower requirement, but not the suite certs. Due to COVID everything has been canceled for me business-wise. So I am not using room nights. Ill capture $100.00 back on the Hyatt credit. So for 99 bucks 75,000 points and 2X on one of my categories Ill earn more than 1X on my regular Hyatt card. Ill rack up quite a bit on that alone. Ill also get the room night credits faster. So the math works that I get 5 nights for 10K spend and Ill clear 2X points = 20,000 points and 5 nights, vs some of the regular Hyatt card spend I am making at 10K for 4 nights and 10K points. So this is a case-by-case basis. Once the year is up Ill see if its worth keeping.

Henry
Henry

If you have a Chase Ink Business Cash and Business Unlimited, can you sign up for another Business Cash card? Since the bonus is the same as this Hyatt card, that sign up seems to be more worth it, right? As long as you can get the sign up bonus even though you already have the card and it’s been 2 years.

BaconSF
BaconSF

Weak product, lol

Luke
Luke

Interesting data point. I was instantly approved for the Hyatt business card and I am over 5/24. Has existing CPC relationship and business cards with 50k plus annual spend access the cards

Aloha808
Aloha808

Luke would you mind giving us a general idea of what kind of cards cause you to be over 5/24?

Luke
Luke

I opened 3 store cards, b&h, dell and micro center plus 3 regular credit accounts. I was 6 or 7 new credit card accounts in the past two years. The b&h and dell account should never have been opened lol, the micro center card I use all the time

Aloha808
Aloha808

Luke Luke Thanks! Did you verify that all of those accounts show on your personal credit report within the right time frame? And ballpark figure of your credit score?

Luke
Luke

Yes – I looked at credit karma before I did it, and applied on a whim thinking I’d get declined. My thought was sometimes chase bypasses 5/24 on newly launched cards. I love Hyatt so it was worth an inquiry.

705 credit Carma / 780 FICO

Aloha808
Aloha808

Luke Luke congrats! And wow huge difference between your CK and FICO score

S209

Delete

Credit Card Offers

store cards and chase business cards don’t count towards the 5/24, what are the personal cards you have over 5/24

AgileTravel
AgileTravel

Counter DP, P2 at 8/24, CPC, and denied.

BW
BW

Or you think you’re over 5/24 but you’re actually mistaken. Do you have a list of your cards and their opening dates that confirms this?

Sexy_kitten7
Sexy_kitten7

I tried it and was declined! Too many credit cards opened in the last two years associated with you 🙁

FtRump
FtRump

Yawn! Lame offer from Chase!

Dugroz Reports

Kinda dumb right now if you can get the Chase Business Cash or Unlimited for the same signup bonus (via transfer) for no annual fee.

b
b

But I’ve already had/have all the Inks in the past 2 years. This is one more Biz card that doesn’t count against 5/24 to churn in my rotation.

Dugroz Reports

b – yep, in your case, go for it!

Robert
Robert

Easy call for me. Hyatt is my main program. I’ll get the 20,000 points back which is worth about $300 to me for a net fee of $99. And I’d value the 75,000 sign up bonus at over $1,100 so I like it.

Of course, YMMV if you don’t value the points that highly.

Trvlskptc
Trvlskptc

The rebate could be nice but they’re giving us hoops to jump through that make it tough to get value from for most people, even when we do value points.

UR points can be earned easier and just transferred without adding an extra AF. And with no free night and no elite night credits (without spend), this is easily one of the worst hotel credit cards I’ve seen. I say that as a big fan of Hyatt and holder of their personal card.

satellite
satellite

To get those 20k points, you need to spend $50k AND redeem 200k points for stays AFTER you’ve spent $50k in a year. And this benefit resets at the end of each year. A lot of hoops to jump through for 20k points.

Lrdx
Lrdx

Stays completed prior to reaching the spend milestone or after the end of that calendar year do not count[ for the 10% points rebate].

Like.. seriously?!

So, unless you spend $50k in a few months, or only using Hyatt point at Christmas, this is useless.

Harry
Harry

What kind of a business are you that you can’t spend $50k in a month in January?? /s

sdsearch
sdsearch

Why do you think you have to have a BIG business (or even a business at all) to consider applying for a business card???

Lots of people apply for business credit cards with no business to speak of (maybe selling the occasional item on eBay or whatever).

But yes, this seems like Chase’s new alternate way of making sure your have a “real” business; rather than trying to figure that out when you apply, just structure the spend requirement for various things so that it only works for “real” (and maybe “real big”) businesses.

Chase is obviously getting a little tired of people without “real” businesses applying for their business cards left and right.

robertw
robertw

I know guys who are friends that spend 1-2 million a month easily on business credit card expenses. On all sorts of things, advertising, travel, meals, software, etc