Reddit user zsm5833 has found a card agreement on the Chase website for a business card that has a $299 annual fee. Currently there are no business cards with such an annual fee, this could mean Chase is planning to launch a “mid tier” card to compete with the American Express Business Gold or increase the annual fee on an existing card (presumably with new benefits as well). It’s unclear how long the agreement has been on the site so I’m unsure if we are likely to see any news of this $299 card alongside the Chase Sapphire Reserve business card (this will have a $700 annual fee most likely).
If this is real, I’m gonna guess that it is for a refreshed WN Performance Biz. AF on the current card is already $199 and WN has indicated they’ll be making changes to co brand cards to account for their operational changes.
Someone on Reddit was saying these card member agreements can be randomly generated by manipulating the numerical string on the end of the URL so it might not even be a document for a real card.
Good comment until I got to the Reddit card. You cannot take the speculation that goes on over there seriously. A few people do have an inside scoop and back it up with evidence. I highly doubt a bank the size of Chase would allow a legal agreement to be generated on their website by manipulating the URL. Unless someone reproduced it, I don’t buy it.
https://www.reddit.com/r/churning/comments/1lab6tz/comment/mxllbq8/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
this is what I’m referring to. They likely just mean you can change out some numbers and digits and Chase’s system will automatically generate a generic cardmember agreement based on the string at the end. May not even correspond to a real card.
In Baseball it’s called “A player to be named later” you make a trade for a player to be named at a later time.
Same here, for $299 they will trade you a card to be named later…
Maybe southwest performance business card refresh?
Has there ever been a $299 AF biz card? Page just could be an artifact from an old card. Otherwise, my guess is a new co-brand card, maybe IHG, doubtful it’s BV or Hyatt.
No, no, no, no.
Whatever card or “refresh” plan that’s in the pipeline for Chase, imo they should make the family of UR points universally transferable across the board. Personal > Business > Personal and etc. The Ink Premier isn’t really a bad card but limiting point transfers made it less flexible and desirable. People were thrilled when for a very brief window an “error” allowed those points to be moved. The majority that took advantage of this chance transferred their points out to the UR family and never back looked back. Just having pts. transfer flexibility is one of the cats meow sweet spot.
UR points can already be pooled/transferred between business and personal accounts. Or are you just wanting to see the Ink Premier earn transferrable UR points?
It would NOT be a refresh on the Ink Premier because it is a CHARGE card and the web page is for a CREDIT card.
Mike (below) wisely suggests that we will just have to wait.
Maybe its the Sapphire tree still. The “Sapphire preferred Biz” and Sapphire Reserve Business.
Ink Biz Preferred refresh? But the fee jump is too high… so maybe Ink Biz Premier refresh
See my comment above. If coupons are added to the Ink Preferred, the annual fee bump could happen. And, if it happens to the Ink Preferred, it could happen to the Sapphire Preferred.
Under something called price leadership, the Citi Strata Premier would follow. The Amex Green is due for a refresh and its annual fee would likely go to $195.
I think it is going to be changes to the Ink Preferred. Right now the mobile phone insurance alone covers the AF of $95 for most card holders. If they up the AF to $299 with coupons added, they will make money on people that don’t utilize the coupon. Also, Chase most likely charges a fee to the “partner” companies that will be in a coupon scheme. These partners will consider the expense to Chase as a customer acquisition cost plus Chase probably has to give over some of your data to these partners as part of the deal.
So, Chase will make money from breakage (i.e. you not using the coupons each month) and the partner fees. The bank always wins.
Not only do I think it’s likely to be the Ink Preferred, if it rebrands to Sapphire, I agree that this is a prelude to the personal Sapphire raising to $299 within the next year.
No point in speculation but hopefully not a new preferred lol with the sapphire rolling out. Guess we will wait and see.