Posted by sirtheta on February 7, 2017
Credit Card Offers Chase Ink Preferred

Published on February 7th, 2017 | by sirtheta


Rumor: Chase Ink Preferred Signup Bonus Increasing to 100,000 UR Soon(-ish)

Update: According to the official media team with Chase, this will be a targeted offer.

I’ve included rumor in the title out of caution, but this information is pretty firm.

Chase will be increasing the signup bonus on the Ink Preferred from 80,000 Ultimate Rewards points to 100,000 UR points sometime in the next five months (either this quarter or the next). The specific timing of the change is uncertain and subject to change, but the earliest potential starting date would be in late February.

There’s no reason to think that the Ink Preferred’s 5/24 status will be changed, so most of us are still SOL outside of in branch pre-approvals that avoid 5/24 (which do work for business cards–but you almost certainly need a Chase business checking account).

If you are not subject to 5/24 and are considering signing up for the Ink Preferred soon, it might be worth your while to hold off just a tad and see what further information pops up. For those that recently applied, it’s worth remembering that Chase are usually good about matching higher sign up bonuses (normally, it needs to be within 90 days though). So fingers crossed it’s increased sooner rather than later. We’ll keep you updated with any further news.

You can read our review of the Ink Preferred here. You can drop comments & questions below.

Is this (doctored) screenshot in the Ink Preferred’s future? We hope so! (Pun unintentional).

h/t extremely reliable, but anonymous source

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damn you 5/24!

You still have in branch pre-approvals 🙂

Chances of matching my existing recent signup once it comes out? How long are such matches typically possible? Should I hold off on spending the full $5000 to see if there’s a matchable offer?

If they are willing to match you, they will match you even if you have already completed the spending requirement on your original bonus and received the bonus points from the original offer. If the new offer’s spending requirement is equal or lower than your original offer’s spending requirement, the difference between the two offers’ bonus points will immediately be credited to your account.

Chase typically matches increased offers if it is within 90 days of your original account opening.

Usually if it’s within 90 days of signing up they’ll match.

do Ink Preferred or any biz card ever show up on prequalified at branch?

Yes, most often after having established a business banking relationship with them.

However, I’ve never heard of anyone receiving a second business card pre-approval after already having been approved in the past for another business card though.

I should clarify:

“…after already having been pre-approved in the past for another Chase business card though.”

Damn, I should clarify further…really wish these posts could be edited.

“…after already having been pre-approved in the past (and subsequent approval of the pre-approved application) for another Chase business card though.”

DPs on signing up for a business checking account bring up BIZ cards for preapproval. Personal and business cards have separate preapproval parges

I got an ink+ preapproved last year and ink preferred preapproved within last two months on same business account.

Thanks for the promising DP! I presume you applied and were approved for both?

How many months was it between the two pre-approvals?

ink plus showed up for me pre qualification, and i was well over 5/24. I applied and was approved in branch. Hoping to get a prequalification on the ink preferred

Dan, do you have biz checking account with them or have had with them?

So I should keep my business checking account open for a few more months then.

I’m wondering the same thing. Hate to spend the $20 monthly fee though, when preapproval is far from guaranteed.

You can downgrade the account, it’s easier to keep it fee-free.

I assume you would have had to have opened a Chase business card at some point in the past in order to be pre-qualified for a business card like the Ink Preferred?

Business checking accounts are the best way to get in-branch pre-approvals.

Thanks, I’ll give that I try!

Worked for me last August, when Chase also had a $500 signup bonus for business checking. When the checking account was okayed, the system pre-approved me for Ink Cash. Was required to keep that checking account open for six months or face a clawback, but the sixth month is the end of February. Now I may keep that checking account open a while longer.

Will they even entertain me getting the ink preferred if I already have the ink plus? Just got it last fall. Can anyone confirm they got both in under 6 months or so? Not feeling very hopeful but 100k-wow!

I’m curious about this also. My wife is at 3/24 and just got Ink+ this month. It’d be nice to get this one also before going over 5/24.

My SO got the Ink Preferred in-branch on Dec. 2nd, and applied online for Ink+ Jan. 7th. She was <5/24, but got denied because of AU accounts pushing her over 5/24. Had to call to recon for her (2 attempts), and was eventually approved for the Ink+ Feb 3rd with moving 5k of her ink preferred credit limit to the ink+ new account. Applied with a $500/yr "business" for both cards.

Thanks, good to hear it’s possible. I’d prefer not to have my wife interrogated about her “business”

Yeah, recon calls aren’t fun – especially for Chase business. I had my SO call and authorize me to speak on her behalf.

Thanks for posting this. I’ll keep my fingers crossed.

100k worth 1500 in UR portal? Do they have 1.5x multiplier like the CSR?

hmm…. did they change it? How does the ink plus’s 100k points = $1,500 in travel???

Any word on an Ink Reserve yet Doc? Of course I’m hyped about this too, but I want to tread lightly if I’m going to go for another Chase Business card hoping for a preapproval

No, that is just speculation – nothing official. Chase have publicly said they want to concentrate on this product and have no plans to launch another business card in the near future.

How easy is it to transfer UR’s from Biz to a personal card? Or a spouses personal card? I’ve heard data points that you have to phone in, or that it’s easy to do online, or that you can’t mix personal and biz at all. So I guess I’m asking again just to see if anyone’s had much luck with that, and how easy it was.

The transfer can be done online and is instant. Both business -> personal and spouse -> spouse.

Awesome, thank you for the info.

I haven’t done it yet, but it’s easy; you just need to combine your personal and business logins under the same login.

I have my business and personal accounts under a different login, but I routinely transfer my UR points from Ink Cash to Sapphire Reserve (and before that to Preferred)

You can only have one “transfer” account linked at a time. So if you transfer between your business card and personal card without them being linked in the same login, then you have to unlink yourself to transfer to your spouse. There is a 24 hour waiting period between switching the transfer account and the new one being active. I found it much easier to combine my own business/personal cards into a single login so I can have my husband’s account linked up to transfer at will. I hope this makes sense!

“Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year.* ” so this has been overlooked in the discussions. Also a 95.00 fee. 5% on office supplies not here. 5% on cable/tv not here. so cash back with no travel = not a great choice. But the signup bonus – the fee and the fees on the giftcards is still a good deal, not great.

Less people must be signing up for this card than Chase thought, probably due to 5/24 rules preventing churners. I hope this rumor is true since Chase has some extra $$ from reducing the Reserve signup bonus.

Looking to put a “bisiness” together before this. Can anyone give me some tips, a guide?

A lot of people have a small business without even realizing. Some of us sell merchant gift cards, for example, which is a business.

Are chase stingy with numbers? i am at 5 Credit cards in my last 24 months. Will dumb-ass chase not approve me citing 5/24 rule or it is only for 5 Plus Credit cards and i will be okay to apply?

Can someone shed some light?

5 in 5/24 is an auto-rejection unless you are counting AUs in there, or unless one or more of them have not made it into your CR yet.

DoC already has a pretty good writeup on this I believe.

It states on that page: “Keep in mind that even though Chase business cards do not normally report, they will still be counted as Chase has this information internally. Update: It seems like Chase business cards aren’t count.”

So which is it? Does this one count toward 5/24 or no?

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