Posted by William Charles on July 15, 2019
Credit Cards

Published on July 15th, 2019 | by William Charles

72

[Targeted] Chase Ink Unlimited – Up To $2,000 Sign Up Bonus

Update 7/15/19: Another round of these has gone out. Not sure what the end date is this time. Hat tip to URtheoneforme

The Offer

No direct link to offer, target offer sent out via snail mail

  • Chase is offering a bonus of up to $2,000 on the Chase Ink Business Unlimited. Bonus is broken down as follows:
    • Earn $500 after spending $3,000 in the first three months of account opening
    • Earn $1,500 after spending a total of $50,000 in the first six months of account opening

Card Details

Our Verdict

If you spent a total of $50,000 you’d earn $2,000/200,000 points from the sign up bonus and then another $750/75,000 points from the standard 1.5x earning rate. Works out to be 5.5x per dollar spent. Great deal if you’re a big spender and can hit the minimum spend requirements. Standard bonus on this card is $500 after $3,000 in spend.

Hat tip to Walter Credit

 



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Dan - Legal Bank Robber
Dan - Legal Bank Robber

Sounds like a great deal but a Shutdown trap for “Rapid Balance Increases”

86
86

A trap? How else could you spend $50,000 in 6 months without rapidly increasing your balance?

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Its a reason they cite for shutdown

cowsareverywhere
cowsareverywhere

Not a bad deal considering how easy Chase is to MS.

juicyJosh
juicyJosh

The catch is they give you a 1k credit line.

Jeff H
Jeff H

My CIU came in today CL=$5000. I thought that was as low as they go for new Ink cards.

cowsareverywhere
cowsareverywhere

I cycled the Cap One Spark like crazy with $5k CL to meet the $50k spend in under 3 months. Not sure how sensitive Chase is to cycling with Biz cards.

CtownBin
CtownBin

Wow, impressive- I thought I had it bad, with a $10k cl on the Spark… But it seems Cap1 is okay with multiple payments mid-cycle. Don’t know how Chase is with that.
Just FYI, we had 6 months to hit the $50k on the Spark deal, 3 months was only for the first $5k, similar to this deal.

cowsareverywhere
cowsareverywhere

Oh I know, I just wanted the bonus fast. I am impatient and Cap One bonus posts extremely fast.

Zachek
Zachek

I also had $10k on the Spark and was also disappointed with the low CL. I also was so busy at the time I forgot it was 6 months to hit the second tier and ended up cycling it like 4 times in one month. That was dumb. But hey got my $3k so no harm done.

Brad C
Brad C

Years ago, I was promptly shutdown after cycling 2x – 3x the limit.

cowsareverywhere
cowsareverywhere

By Chase or Cap One?

Brad C
Brad C

Chase

Sevillada
Sevillada

Indeed sounds like a juicy trap

Ken
Ken

I have you beat. Got only a $2k credit line from Cap One Spark and now I’m in Month 5 of the 6 month time limit for meeting the spend req. and I’m not even half way thru. I’ve requested CL increase multiple times only to be rejected with the same reason: “Capital One is evaluating account activity at assigned credit limits…”

Any tips/advice?

Ann
Ann

Write it off at this point. 🙁

cowsareverywhere
cowsareverywhere

I thought $5k was the lowest since it was a Visa Signature card. With only a month left, it’s a loss. Cut your losses and put that towards a new MSR.

Dave Black
Dave Black

Call to request an extension. They didnt get back to me but they did extend the period

DB
DB

Just cycle it. In my experience they don’t really care and in fact automatically increase my CL after ~2 statements

AP
AP

juicyJosh MS difficulty = Insane

zMay
zMay

What about Amex MS? I need 4k to hit the bonus on Delta Gold card… Amex is not accepted by Progressive. I figured it out after i applied and my plan was to pay my 4k comercial policy.

Ann
Ann

State Farm accepts AmEx, if you’d consider switching (obv the price would have to be comparable).

Scott
Scott

Add the AMEX to your PayPal and then pay Progressive with Paypal (using the AMEX). I’ve done it many times.

zMay
zMay

No paypal option on commercial policy with Progressive. I’ll try calling them if that helps.

Frank
Frank

Boy, they’re really trying to move those CIUs! That’s okay, I’m satisfied with my “black star offer” CIU I picked up a couple weeks ago (at 8/24)…no way my tiny business could ever generate that kind of spend anyway.

Ann
Ann

Doesn’t need to be legit business expenses, but that is a hell of a lot to MS.

qmc
qmc

3.19x (3.19%) on the $3001-50000th dollars for that 2nd tier. Not as good as the first tier, but if you can MS it for at 3% it’s like buying URs for < .94c. Still might be worth it if you can swing $8500/month.

tennismenace3
tennismenace3

Or you could MS it for <1% like a sane person

Sevillada
Sevillada

Serve shutdowns might slow you down, I know they slowed me down 🙁
Plus that new very unpleasant lady at kroger customer service. That was. 1-2 punch in my gut

Eric
Eric

Last serve shutdown didn’t stop me from getting new serve accounts, but FD and WM are harder to deal with recently.

qmc
qmc

For sure, I’m mathing using some of the worst case cost scenarios, e.g. if you have to run some through paypal/venmo in order to scale. There’s no way I could do 17 VGC x 6 months for example, and couch ms would get more appealing.

Ben
Ben

You can make tax payments to Uncle Sam for a hair under 2%, so really no reason for MS to cost 3%.

Aloha808
Aloha808

After a total of $50K spend huh? Seems pretty obvious they know which card this is competing against.

RedEyes
RedEyes

I don’t follow the math, could someone detail it out for me?
how many points do you earn for the $3000 spend
I get that the $50,000 spend is not in addition to the $3000 spend, but a bonus is paid in addition to the first bonus.

RedEyes
RedEyes

is this the way to calculate it?
$500 bonus = 50,000 bonus points
$1500 bonus = 150,000 bonus points
which is 200,000 total bonus points
plus since you are spending $50,000 you get 75,000 spend points
for a total of 275,000 UR points

EyesOnThePoints

is this a mailing offer? how did this person get this invitation / offer?

Brian
Brian

Would gladly take up this MS challenge – waive my 5/24 rule or give me a black star offer please!

Sevillada
Sevillada

Ditto, I’d accept the challenge if they approved me

JP
JP

I’ve seen CIU with CL of $3,000. How can we achieve $50k spending with that card??

Eric
Eric

Relocate credit limit from other business cards.

jack victor
jack victor

is there a way to add this to my card? ps i have the card now

Ann
Ann

Not unless you receive the offer in the mail. Then if your card is still very new, you might be able to SM and get the offer added to your card. If your card is not new, you’d have to try applying for a second one.

Dick Bupkiss
Dick Bupkiss

Note to DOC: Please, PLEASE don’t just toss of a post and say “targeted.” HOW is it targeted, specifically? Via email? (If so, what’s the subject line?) Seen after logging in on their website? (if so, WHERE exactly)?

Ann
Ann

The photo looks like a physical flyer sitting on a car seat. So at least for that person, it presumably came in the mail (not email or online).

tuphat
tuphat

Props for the rich brown Corinthian leather photo background.

Johann
Johann

A former employee who had a (now-closed) CIP employee card received this offer in the mail to our office address. Is the offer specific to his SS# or the company FIN…ie could I use the offer with my details? I clicked through using the special invitation number and the landing page has no mention of any bonus.

Ann
Ann

In your case with a multi-employee company being involved, it might be worth talking to the Chase biz support people to make sure. Tell them your company doesn’t need another card under that employee since they no longer work there, but if the offer can be applied to a card in another employee’s name, you’d be interested in bringing more business back to Chase.

Saturn
Saturn

This kind of mailer is anonymous as it is addressed to a business. You can edit the prefilled fields to make it yours. It’s troubling that the bonus is not declared on the app but since you have the code you know it is attached to that.

Ric
Ric

I haven’t been able to get this offer, can I use someone offer if they don’t want to apply for it?

Saturn
Saturn

Yes, you can.

Joe
Joe

Sooo they’re not happy about all the spend they lost on the CIP since March? Seems like an interesting trade off… if they’ll approve me for it.

Ann
Ann

DP from Reddit! https://old.reddit.com/r/churning/comments/c29i3d/targeted_chase_ink_unlimited_2000_mailer_offer/erkjy7k/

“I can confirm they are indeed transferable and multi-use.”

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