Going for the latest 100K Ultimate Rewards business card offer despite 5/24

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Ink Cards 2

The Chase Ink Business Preferred card rolled out in the fall of last year with a mighty 80,000 point signup bonus.  I’ve been eager to get the card, but Chase’s 5/24 Rule has been a roadblock.  For most of their cards, Chase won’t approve your application if you’ve signed up for 5 or more cards from any bank within the past 24 months.  And I’m way over 5/24.  I’ve asked a couple of times in-branch whether I was pre-approved for the card (which has proven to be a way around 5/24 for the Sapphire Reserve card), but no dice.

Then, on Wednesday, Doctor of Credit published “New Way To Bypass Chase 5/24.”  The idea is to submit a paper application through a Chase Business Relationship Manager (BRM).  Apparently these applications go through a completely separate process from regular old applications.  And, as a bonus, the business card offers available through BRMs are better than the public offers for these cards.  BRM’s currently offer the following:

  • Chase Ink Business Preferred Card: 100K signup bonus after $5K spend in 3 months (the public offer is currently 80K after $5K spend).  $95 annual fee is not waived in either case.
  • Chase Ink Cash Business Credit Card: 50K signup bonus after $3K spend in 3 months (the public offer is currently 30K after $3K spend).  This card has no annual fee.

I didn’t know if I had access to a BRM, but I remembered that a couple of years ago I met with someone at my local Chase branch regarding my business banking at Chase (I do all of my business banking with Chase).  I dug up old emails and discovered that he was in fact a BRM!  I contacted him and learned that he had moved to another area, but he was able to dig up contact info for my new BRM.  Great!

Ink Business Preferred 100K Offer

Yesterday I filled out the Ink Business Preferred paper application. I considered applying for the Ink Cash card at the same time, but I didn’t want to risk having that 50K offer approved instead of the 100K offer.  If this works out well, I may try the Ink Cash application in a month or two.

My understanding is that it will probably take quite a while before I find out if my application was approved.  Fingers crossed!

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