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The Ink Business Preferred® Credit Card has a new initial bonus offer with lower required spend: to earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. (Previously $15,000 in spend was required to earn these 100,000 points.)
These points transfer to:
- Airlines: United MileagePlus, British Airways Executive Club, Air France KLM Flying Blue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, Virgin Atlantic Flying Club, Iberia Plus, Aer Lingus AerClub, Emirates Skywards, Air Canada Aeroplan
- Hotels: World of Hyatt, Marriott Bonvoy, IHG One Rewards
Traditionally, Chase hasn’t been willing to approve customers for new cards who have opened 5 or more new card accounts in the past 24 months. This is referred to as “5/24.” However recently there are reports of new card offers from Chase where people do get approved despite being over this limit.
In late winter I was approved for a Ink Business Cash® Credit Card despite being over 5/24. Then in the spring while there was an elevated offer there were several reports of people being approved for the Chase Sapphire Preferred® Card who were over 5/24.
As Dan’s Deals opines, this “often align[s] with the start or end of a new best ever offer.”
Since it’s possible to have multiple Ink Cards, for a single business or for more than one business, I’ve added the Ink Business Preferred® Credit Card to my list of ‘wants’ that I plan to apply for.
There are a lot of things that go into a credit approval, from credit score to income to total credit that’s been extended to name just a few. And to be sure, some people reported denials when they were over 5/24!
My point is that you might apply for a new card and let Chase decide rather than not applying at all, and I hope you’ll share back your own experiences here.