June 24, 2024
81 Comments
by Chuck
Contents
- 1 The Offer
- 2 Card Details
- 3 Our Verdict
The Offer
Branch only offer until July 3, 2024; we’ll add the direct link when it becomes available
Chase is offering a special signup bonus on the INK Preferred business card:
- Get 120,000 Ultimate Rewards bonus points when you spend $8,000 in the first three months after account opening.
Card Details
- $95 annual fee (not waived the first year)
- Chase 5/24 rule applies to this card
- No foreign transaction fees
- Points Are Worth 25% More In Travel Rewards (won’t matter if you have CSR which gets 50%)
- Primary rental car insurance
- Read our full review
Our Verdict
We wrote about this offer a few weeks ago as a rumor, and it’s now been confirmed as already available in branch. Reports indicate it will become available online on July 3, 2024.
Over 3 years ago Chase increased the bonus offer on this card to 100,000 points, and now they’re running a in increase to 120,000 points (probably a time-limited offer). They’re keeping the lower $8,000 spend requirement which is nice.
The big question is whether referrals will update to the 120,000 offer. If that happens, this will be a historically amazing offer for someone in 2-player mode to get 160,000 Ultimate Reward points with a single signup and $8,000 of spend. Remember, referrals are paying out 40,000 points per approval until September 2024.
Another big question is whether (after publicly available) they’ll match those who signed up for the lower 100k offer. Lately they have been matching, and I think they chances are good. We’ll have to wait until July to find out.
Check out these Things to Know about Chase Credit Cards before applying. We’ll add this to our List of Best Credit Card Signup Bonuses when it becomes available online.
Related – Chase is matching the lower spend requirement for those who signed up earlier with the higher spend requirement (YMMV).
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81 Comments
newest
oldest most voted
Jack(@guest_1865128)
June 26, 2024 12:41
#1865128
Just did this in-branch. They had to call to confirm some information (I think I have some LexisNexis stuff to resolve).
No issue getting approved though. They pulled my TransUnion this time (not sure what they pulled last time tbh).
4/24
Also, this is my 3rd CIP. First one was in August of last year, next one was in February, and then finally this one in June of this year.
I have a legitimate business btw.
Reply
Ian(@guest_1864480)
June 25, 2024 09:43
#1864480
I just got this card last week, I am about 500 off of the Spend requirement, should I call chase and ask them if I can get the increased offer?
Reply
joe(@guest_1864835)
June 25, 2024 20:44
#1864835
Ian
I’d wait til it becomes available online and send a secure message on their site
Reply
Phil(@guest_1864470)
June 25, 2024 09:28
#1864470
Not sure it matters, but figured I would ask..
If I was going to send a SM to match this offer since I applied for the 100k offer a month ago, would you guys wait until the 120k offer is showing online or would you try to match with the current in-branch only offer?
Reply
Phil
If you applied in-branch, ask for a match ASAP. Otherwise, you should wait for the online public offer.
Reply
atexit8(@guest_1864461)
June 25, 2024 08:56
#1864461
I am mostly retired receiving income from T-Bills and mutual funds.
Will I be approved?
How much income are they looking for?
Reply
Deborah(@guest_1864974)
June 26, 2024 03:26
#1864974
atexit8
Nobody can tell you whether you will get approved, but if you read the extensive and helpful information in Things to know about Chase Cards, linked above, you will have a better understanding of the process. Income is only one of several factors.
1
Reply
Jay(@guest_1864171)
June 24, 2024 17:11
#1864171
I’ve opened 4 Inks (1 closed) in total. But, I can’t remember the usage of SSN or EIN or SSN+EIN that I’ve used for the past 4 Inks. Will Chase let me know if I call them and ask or should I just roll the dice and go through appeal if potential denial? Thanks for any advice!
Reply
Wayne(@guest_1864190)
June 24, 2024 17:37
#1864190
Jay
I’ve used SSAN for Sole Prop several times with no issues.
Reply
JDub(@guest_1864228)
June 24, 2024 18:29
#1864228
Jay
My understanding, each new card app could in theory be for a completely different “business,” and therefore is treated as such.
In other words, you may have a sole prop ebay shop, and a separate sole prop photographer business, along with a landscaping LLC, etc.
Maybe you’re a serial entrepreneur. Why should a financial institute deny your app for a new business just because it doesn’t match up perfectly with what is on file for previous applications.
Reply
Jay
Mine are split in my online account, I have three of each for both SS and EIN. Broken up like this:
Bank accounts
JANE A DOE
Bus Complete Checking
Credit Cards
JANE A DOE
Ink Cash
Ink Unlimited
Ink Preferred
JANE A DOE
Ink Cash
Ink Unlimited
Ink Preferred
Reply
Max(@guest_1864156)
June 24, 2024 16:53
#1864156
DP: Just got approved in branch as a sole prop with my SSN. No business documentation needed, they just asked about revenue and expected spending.
3
Reply
Evan(@guest_1864094)
June 24, 2024 15:29
#1864094
What is “2 player mode”?
Reply
Wayne(@guest_1864191)
June 24, 2024 17:37
#1864191
Evan
Person 1 and Person 2, as in you and significant other.
Reply
BroOnTravel(@guest_1864198)
June 24, 2024 17:47
#1864198
Evan
Your spouse/significant other.
Hobbyists presume that “P2” enjoys the perks of our game and might even be willing to pickup a gift card while running errands, but doesn’t roll around with a rolladex of credit cards and has a tendency to make mistakes because they don’t understand the critical differences between paying for the groceries with the blue card that ends in 0441 because it’s June, not the blue ending 0222 (that was May! fool!)
Life is a team sport, draft your team wisely.
9
Reply
PB(@guest_1864605)
June 25, 2024 13:43
#1864605
BroOnTravel
“Life is a team sport, draft your team wisely.”
Never a truer word was spoken.
Reply
bruno(@guest_1864070)
June 24, 2024 15:05
#1864070
can i apply if it has been less than 2 years since i got the last bonus?
Reply
Wayne(@guest_1864192)
June 24, 2024 17:38
#1864192
bruno
Yes
Reply
Jack(@guest_1864021)
June 24, 2024 14:05
#1864021
Why do you say this is part of the 5/24? It changed? I’ve had 2 of these business cards in the past. It was never counted as a 5/24.
Reply
joe(@guest_1864197)
June 24, 2024 17:47
#1864197
Jack
It won’t count towards 5/24 if approved but if you’re over 5/24 you won’t be approved
3
Reply
Jake(@guest_1864013)
June 24, 2024 13:59
#1864013
Is it possible to match if your previous application was not done in the branch?
Reply
Jack(@guest_1864022)
June 24, 2024 14:05
#1864022
Jake
Send them a DM on the app and request for it.
Reply
Jake
Jake I haven’t heard any success stories. Once it becomes an online public link, you can probably send a secure message.
2
Reply
Jake(@guest_1864046)
June 24, 2024 14:30
#1864046
Celia 🔗
I think it will be difficult to match a branch only offer unless the previous was also done in the branch.
Reply
Jake
Jake Like I said, once it becomes an online public link (early July according to the post), you can send a secure message to match.
3
Reply
