topic Re: 5/24 Strategy in Credit Cards

5/24 Strategy

Anonymous — Wed, 13 May 2020 20:19:22 GMT

During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;

Navy Amex - $22,000

Navy Flagship - $21,300

Navy CashRewards - $5,000

Sapphire Preferred - $7,700

Ink Business Preffered - $8,000

Ink Business Cash - $12,000

Freedom Unlimited - $5,000

Amex Blue Cash - $1,000

Capital One Quicksilver - $1,400

Quicksilver One - 750

Wells Fargo - $300

Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.

Re: 5/24 Strategy

Anonymous — Wed, 13 May 2020 20:33:40 GMT

@Anonymous wrote:
During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;

Navy Amex - $22,000
Navy Flagship - $21,300
Navy CashRewards - $5,000
Sapphire Preferred - $7,700
Ink Business Preffered - $8,000
Ink Business Cash - $12,000
Freedom Unlimited - $5,000
Amex Blue Cash - $1,000
Capital One Quicksilver - $1,400
Quicksilver One - 750
Wells Fargo - $300

Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.

My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.

If you are 3/24 that means that you have a maximum of one slot left for Chase personal cards.

In the current environment I would proceed with the absolute most extreme caution.

Re: 5/24 Strategy

Anonymous — Wed, 13 May 2020 21:14:46 GMT

If you're most interested in reward points, then looking at your line-up I'd suggest perhaps another personal Amex and perhaps a business Amex for the MR points. If I were in your shoes I'd feel more comfortable with that than with testing Chase. Don't get me wrong, I don't think Chase does anything wrong, but they do seem more sensitive to just about everything right now, and Amex appears to be trying to gain some marketshare by not pulling back as much. I'll be interested to hear what you decide and how it goes, good luck!

Re: 5/24 Strategy

Aim_High — Thu, 14 May 2020 02:05:14 GMT

@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
If you are 3/24 that means that you have a maximum of one slot left for Chase personal cards.
In the current environment I would proceed with the absolute most extreme caution.

I know the 5/24 rule pretty well as you can see by my siggy. Lol Just added a bunch of new Chase cards over about 18 months. You cannot have opened five or more revolving lines of credit in past 24 months, but the application for the new card doesn't count. So if OP has opened 3/24, he does indeed have two more slots, not just one.

Business accounts (especially the Chase business accounts) are interesting and noteworthy. You must be under 5/24 to open a business account. But once you open it, Chase reports it to your business (not personal) credit report, so it doesn't count for 5/24 AFTER it is opened. One suggestion, then, is to open business accounts first, which might allow you to actually exceed 5/24 overall.

Re: 5/24 Strategy

Aim_High — Thu, 14 May 2020 02:29:34 GMT

@Anonymous wrote:
During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;

Navy Amex - $22,000
Navy Flagship - $21,300
Navy CashRewards - $5,000
Sapphire Preferred - $7,700
Ink Business Preffered - $8,000
Ink Business Cash - $12,000
Freedom Unlimited - $5,000
Amex Blue Cash - $1,000
Capital One Quicksilver - $1,400
Quicksilver One - 750
Wells Fargo - $300

Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.

You have a very interesting mix of cards. True, the INK Business Preferred is more of a duplicate of the Sapphire Preferred, but why not keep the CSP instead? Do you have a lot of business spend or are you trying to keep those charges off your personal credit report? There are downsides to using business cards for personal spend, including the loss of some consumer protections. Moreover, you don't get the benefit of the card reporting usage or age to your personal report.

I was going to suggest the Freedom until you said you planned to downgrade. I have the CSR-CF-CFU-INK Cash. The INK Cash started out as an INK Preferred which I got for the higher 100K SUB and later downgraded to the CASH. The CASH fit my spend better and has no AF. That quadfecta serves me well. I don't know your spend but have you thought of upgrading the CSP to the CSR and then applying for the Freedom? (And you could close the INK Preferred, combine limits with CASH since Chase will do that but only between business-business or personal-personal accounts. OR ... you could PC the PREFERRED to the INK UNLIMITED with no AF.) If you're going for a "fecta" with Chase, there really isn't a lot of difference between the CSP and CSR in the effective AF, depending on how you can use the credits. You get a LOT of value for that small difference in fee*, including the 50% bonus valuation in UR points for UR travel redemptions instead of the 25% you get now. (*I know it sounds like a lot of difference in AF but when you do the math with the credits and additional benefits offset, it can come out a lot closer than you might have thought.)

Chase has great co-branded hotel and airline cards. I would check those out. The current SUBs on the Marriott Bonvoy Boundless (75K Bonvoy points) and World of Hyatt (50K Hyatt points) which I added in my spree are worth $600 and $850 respectively in hotel points. Plus each pays high value in hotel spend and each gives you a free night annually, more than paying for the AF. They have a good IHG card, Southwest and United cards, and some awesome AVIOS flyer bonus points with cards from British Airways, Iberia, and Aer Lingus. (Avios can be exchanged for ONE WORLD partners including Amerian.)

If none of this interests you, do you have an Amazon PRIME membership and shop there a lot? Chase's Amazon card pays 5% back on Amazon Prime purchases as well as at Whole Foods and has no AF. Plus it has 2% back at gas stations, restaurants and drug stores, which could be attractive depending on your other cards.

I would consider carefully whether there are any other Chase cards you could use now before filling those slots. You may not be under 5/24 for awhile, especially if other cards come along that you want to pursue.

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 02:38:55 GMT

@Anonymous wrote:
If you're most interested in reward points, then looking at your line-up I'd suggest perhaps another personal Amex and perhaps a business Amex for the MR points. If I were in your shoes I'd feel more comfortable with that than with testing Chase. Don't get me wrong, I don't think Chase does anything wrong, but they do seem more sensitive to just about everything right now, and Amex appears to be trying to gain some marketshare by not pulling back as much. I'll be interested to hear what you decide and how it goes, good luck!

@Anonymous I definitely want to get into Amex, i Just wanted to finish my 5/24 first. i considered Citi first before amex only to stock up on some points for when this whole thing is over to travel. But Amex might be the way

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 02:46:37 GMT

@Aim_High wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
If you are 3/24 that means that you have a maximum of one slot left for Chase personal cards.
In the current environment I would proceed with the absolute most extreme caution.
I know the 5/24 rule pretty well as you can see by my siggy. Lol Just added a bunch of new Chase cards over about 18 months. You cannot have opened five or more revolving lines of credit in past 24 months, but the application for the new card doesn't count. So if OP has opened 3/24, he does indeed have two more slots, not just one.

Business accounts (especially the Chase business accounts) are interesting and noteworthy. You must be under 5/24 to open a business account. But once you open it, Chase reports it to your business (not personal) credit report, so it doesn't count for 5/24 AFTER it is opened. One suggestion, then, is to open business accounts first, which might allow you to actually exceed 5/24 overall.

@Aim_High Yes I have the business account, only the ink plus missing to add which i plan on doing. Just trying to maximize points with 5/24 before moving forward to Amex.

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 03:01:27 GMT

@Aim_High wrote:

You have a very interesting mix of cards. True, the INK Business Preferred is more of a duplicate of the Sapphire Preferred, but why not keep the CSP instead?   Do you have a lot of business spend or are you trying to keep those charges off your personal credit report?   There are downsides to using business cards for personal spend, including the loss of some consumer protections. Moreover, you don't get the benefit of the card reporting usage or age to your personal report.

I was going to suggest the Freedom until you said you planned to downgrade. I have the CSR-CF-CFU-INK Cash. The INK Cash started out as an INK Preferred which I got for the higher 100K SUB and later downgraded to the CASH. The CASH fit my spend better and has no AF. That quadfecta serves me well. I don't know your spend but have you thought of upgrading the CSP to the CSR and then applying for the Freedom? (And you could close the INK Preferred, combine limits with CASH since Chase will do that but only between business-business or personal-personal accounts. OR ... you could PC the PREFERRED to the INK UNLIMITED with no AF.)   If you're going for a "fecta" with Chase, there really isn't a lot of difference between the CSP and CSR in the effective AF, depending on how you can use the credits. You get a LOT of value for that small difference in fee*, including the 50% bonus valuation in UR points for UR travel redemptions instead of the 25% you get now. (*I know it sounds like a lot of difference in AF but when you do the math with the credits and additional benefits offset, it can come out a lot closer than you might have thought.)

Chase has great co-branded hotel and airline cards. I would check those out. The current SUBs on the Marriott Bonvoy Boundless (75K Bonvoy points) and World of Hyatt (50K Hyatt points) which I added in my spree are worth $600 and $850 respectively in hotel points. Plus each pays high value in hotel spend and each gives you a free night annually, more than paying for the AF. They have a good IHG card, Southwest and United cards, and some awesome AVIOS flyer bonus points with cards from British Airways, Iberia, and Aer Lingus. (Avios can be exchanged for ONE WORLD partners including Amerian.)

If none of this interests you, do you have an Amazon PRIME membership and shop there a lot? Chase's Amazon card pays 5% back on Amazon Prime purchases as well as at Whole Foods and has no AF.   Plus it has 2% back at gas stations, restaurants and drug stores, which could be attractive depending on your other cards.

I would consider carefully whether there are any other Chase cards you could use now before filling those slots. You may not be under 5/24 for awhile, especially if other cards come along that you want to pursue.

@Aim_High With my personal business, not my actual job, a lot of my travel I can count as business trips. I do film work, so I end up selling stock footage. its 3x on travel with ink over sapphire with only 2x. Plus the advertising 3x is great for branding my company.

I plan on getting the unlimited plus, hitting minimum spend and putting it in the drawer. Was planning a HUGE trip before this situation started.

if they give me a CLI on Sapphire preferred, I'd consider moving up to reserve. I originally was approved for 10k, but I allocated funds to FU to get it to 5k.

the 2 personal cards i was thinking were the IHG & world of hyatt. Didnt really consider airline card because i always go for cheapest flight lol.

That amazon card seems very interesting as I use it a lot especially right now. I never really considered it because I had my eye on the amex business one. that amazon card definitely will consider to complete my 5/24.

Re: 5/24 Strategy

Citylights18 — Thu, 14 May 2020 03:28:11 GMT

One thing I will say is that having looked into hotel cards their points are much more valuable during peak season on expensive properties.

COVID is a huge hit to the travel economy so prices to begin with are way down. In some cases the Hyatt redemptions have dropped to 1.0 ccp so you're not getting the outsized value from your chase points. Particularly like on some of the Cat 4 and 5 hotels which are going for under $200 dollars.

I think the CSP and Freedom are worth it just because of the 5x categories and offers. CFU I got for the 30,000 point bonus. It was a great entry to chase because it was all categories 3x earning through the first 20k of spend. Hyatt has such a high bonus threshold for the 50,000 points with 6,000 spend plus you've got to be able to capitalize on the free certificate. Only one place that I might travel to overnight this year has a Hyatt.

Re: 5/24 Strategy

coreysw12 — Thu, 14 May 2020 07:11:49 GMT

@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.

Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 07:40:46 GMT

@coreysw12 wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?

5 or more.

I did respond incorrectly though.

Going strictly and only by 5/24 rules the original poster could get 2 more personal cards not one as I stated.

One new card would bring him or her to 4, then one more after that to 5 at which point done.

Could get more cards than that if small business card, but approval bar for small business cards is very high now.

Re: 5/24 Strategy

coreysw12 — Thu, 14 May 2020 07:51:36 GMT

@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?
5 or more.
I did respond incorrectly though.
Going strictly and only by 5/24 rules the original poster could get 2 more personal cards not one as I stated.
One new card would bring him or her to 4, then one more after that to 5 at which point done.
Could get more cards than that if small business card, but approval bar for small business cards is very high now.

Thanks, that's what I always figured but never really knew for sure. I'm 4/24 currently so it was in the back of my mind wondering if I could get another card (with a different bank) and then still get a chase card when I'm then 5/24, but it sound like no. That reaffirms that I need to stay in the garden for another 352 days (but who's counting)

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 08:02:59 GMT

@coreysw12 wrote:
@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?
5 or more.
I did respond incorrectly though.
Going strictly and only by 5/24 rules the original poster could get 2 more personal cards not one as I stated.
One new card would bring him or her to 4, then one more after that to 5 at which point done.
Could get more cards than that if small business card, but approval bar for small business cards is very high now.

Thanks, that's what I always figured but never really knew for sure. I'm 4/24 currently so it was in the back of my mind wondering if I could get another card (with a different bank) and then still get a chase card when I'm then 5/24, but it sound like no. That reaffirms that I need to stay in the garden for another 352 days (but who's counting)

I do stand behind my guidance to proceed with extreme caution.

Second half of 2020 is going to be brutal.

More layoffs to come.

Also there is a poll going around that 77 percent of furloughed / laid-off workers will return to their old employers. That is wildly, wildly optimistic.

Employers will rejoice at falling labor prices, but that will be net bad for them given that that will mean customer's income will fall for business to consumer businesses.

High tax states will almost certainly raise taxes higher to deal with Corona at some point.

Re: 5/24 Strategy

coreysw12 — Thu, 14 May 2020 08:36:22 GMT

For sure. Thankfully my employment is stable, but the fact that unemployment among society as a whole is sure to drop, is going to make a big mess of things.

Re: 5/24 Strategy

Citylights18 — Thu, 14 May 2020 17:48:46 GMT

@Aim_High wrote:
@Anonymous wrote:
During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;

Navy Amex - $22,000
Navy Flagship - $21,300
Navy CashRewards - $5,000
Sapphire Preferred - $7,700
Ink Business Preffered - $8,000
Ink Business Cash - $12,000
Freedom Unlimited - $5,000
Amex Blue Cash - $1,000
Capital One Quicksilver - $1,400
Quicksilver One - 750
Wells Fargo - $300

Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.
You have a very interesting mix of cards. True, the INK Business Preferred is more of a duplicate of the Sapphire Preferred, but why not keep the CSP instead?   Do you have a lot of business spend or are you trying to keep those charges off your personal credit report?   There are downsides to using business cards for personal spend, including the loss of some consumer protections. Moreover, you don't get the benefit of the card reporting usage or age to your personal report.

I was going to suggest the Freedom until you said you planned to downgrade. I have the CSR-CF-CFU-INK Cash. The INK Cash started out as an INK Preferred which I got for the higher 100K SUB and later downgraded to the CASH. The CASH fit my spend better and has no AF. That quadfecta serves me well. I don't know your spend but have you thought of upgrading the CSP to the CSR and then applying for the Freedom? (And you could close the INK Preferred, combine limits with CASH since Chase will do that but only between business-business or personal-personal accounts. OR ... you could PC the PREFERRED to the INK UNLIMITED with no AF.)   If you're going for a "fecta" with Chase, there really isn't a lot of difference between the CSP and CSR in the effective AF, depending on how you can use the credits. You get a LOT of value for that small difference in fee*, including the 50% bonus valuation in UR points for UR travel redemptions instead of the 25% you get now. (*I know it sounds like a lot of difference in AF but when you do the math with the credits and additional benefits offset, it can come out a lot closer than you might have thought.)

Chase has great co-branded hotel and airline cards. I would check those out. The current SUBs on the Marriott Bonvoy Boundless (75K Bonvoy points) and World of Hyatt (50K Hyatt points) which I added in my spree are worth $600 and $850 respectively in hotel points. Plus each pays high value in hotel spend and each gives you a free night annually, more than paying for the AF. They have a good IHG card, Southwest and United cards, and some awesome AVIOS flyer bonus points with cards from British Airways, Iberia, and Aer Lingus. (Avios can be exchanged for ONE WORLD partners including Amerian.)

If none of this interests you, do you have an Amazon PRIME membership and shop there a lot? Chase's Amazon card pays 5% back on Amazon Prime purchases as well as at Whole Foods and has no AF.   Plus it has 2% back at gas stations, restaurants and drug stores, which could be attractive depending on your other cards.

Chase Amazon might not be a bad way to go at all. For a store card they give it a decent SL (8k-14k). Amazon doesn't qualify as a streaming service on the Chase Freedom even though I use it mostly for Prime Video through my Fire Stick. Showtime also codes as an Amazon product if you subscribe through the stick. Amazon doesn't do a lot in the way of affiliate marketing so that 5% is about as good as it gets and discount is comparable to the type of value one can get out of a US Bank Cash+ 5% category. Then you can take 12 or 24 month financing on purchases with it which is nice if you want to renovate/furnish a house and maintain cashflow.

Its an easy approval I think if you are 700+ and already have a proven relationship with Chase.

Re: 5/24 Strategy

Citylights18 — Thu, 14 May 2020 17:58:06 GMT

@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?
5 or more.
I did respond incorrectly though.
Going strictly and only by 5/24 rules the original poster could get 2 more personal cards not one as I stated.
One new card would bring him or her to 4, then one more after that to 5 at which point done.
Could get more cards than that if small business card, but approval bar for small business cards is very high now.

Thanks, that's what I always figured but never really knew for sure. I'm 4/24 currently so it was in the back of my mind wondering if I could get another card (with a different bank) and then still get a chase card when I'm then 5/24, but it sound like no. That reaffirms that I need to stay in the garden for another 352 days (but who's counting)
I do stand behind my guidance to proceed with extreme caution.
Second half of 2020 is going to be brutal.
More layoffs to come.
Also there is a poll going around that 77 percent of furloughed / laid-off workers will return to their old employers. That is wildly, wildly optimistic.
Employers will rejoice at falling labor prices, but that will be net bad for them given that that will mean customer's income will fall for business to consumer businesses.
High tax states will almost certainly raise taxes higher to deal with Corona at some point.

Yes and for every laid-off worker there is another one having to swallow a pay cut. Those who are not taking cuts will probably find they won't end up with a raise next year. Tax hikes might be 5 years off though as the priority is going to be spending to get everyone back to work first to boost revenues.

I consider all the people on here smart no matter where they are on their credit journey because they have a heads up while 90% do not and are going to find their cards closed and homes foreclosed on.

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 21:59:40 GMT

@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
@coreysw12 wrote:
@Anonymous wrote:
My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?
5 or more.
I did respond incorrectly though.
Going strictly and only by 5/24 rules the original poster could get 2 more personal cards not one as I stated.
One new card would bring him or her to 4, then one more after that to 5 at which point done.
Could get more cards than that if small business card, but approval bar for small business cards is very high now.

Thanks, that's what I always figured but never really knew for sure. I'm 4/24 currently so it was in the back of my mind wondering if I could get another card (with a different bank) and then still get a chase card when I'm then 5/24, but it sound like no. That reaffirms that I need to stay in the garden for another 352 days (but who's counting)
I do stand behind my guidance to proceed with extreme caution.
Second half of 2020 is going to be brutal.
More layoffs to come.
Also there is a poll going around that 77 percent of furloughed / laid-off workers will return to their old employers. That is wildly, wildly optimistic.
Employers will rejoice at falling labor prices, but that will be net bad for them given that that will mean customer's income will fall for business to consumer businesses.
High tax states will almost certainly raise taxes higher to deal with Corona at some point.

@Anonymous definitely, I'm very fortunate to still be employed. just trying to figure out the best way to use my last 2 for 5/24. Im definitely considering the amazon prime card now

Re: 5/24 Strategy

Anonymous — Thu, 14 May 2020 22:04:00 GMT

@Citylights18 wrote:
@Aim_High wrote:
@Anonymous wrote:
During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;

Navy Amex - $22,000
Navy Flagship - $21,300
Navy CashRewards - $5,000
Sapphire Preferred - $7,700
Ink Business Preffered - $8,000
Ink Business Cash - $12,000
Freedom Unlimited - $5,000
Amex Blue Cash - $1,000
Capital One Quicksilver - $1,400
Quicksilver One - 750
Wells Fargo - $300

Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.
You have a very interesting mix of cards. True, the INK Business Preferred is more of a duplicate of the Sapphire Preferred, but why not keep the CSP instead?   Do you have a lot of business spend or are you trying to keep those charges off your personal credit report?   There are downsides to using business cards for personal spend, including the loss of some consumer protections. Moreover, you don't get the benefit of the card reporting usage or age to your personal report.

I was going to suggest the Freedom until you said you planned to downgrade. I have the CSR-CF-CFU-INK Cash. The INK Cash started out as an INK Preferred which I got for the higher 100K SUB and later downgraded to the CASH. The CASH fit my spend better and has no AF. That quadfecta serves me well. I don't know your spend but have you thought of upgrading the CSP to the CSR and then applying for the Freedom? (And you could close the INK Preferred, combine limits with CASH since Chase will do that but only between business-business or personal-personal accounts. OR ... you could PC the PREFERRED to the INK UNLIMITED with no AF.)   If you're going for a "fecta" with Chase, there really isn't a lot of difference between the CSP and CSR in the effective AF, depending on how you can use the credits. You get a LOT of value for that small difference in fee*, including the 50% bonus valuation in UR points for UR travel redemptions instead of the 25% you get now. (*I know it sounds like a lot of difference in AF but when you do the math with the credits and additional benefits offset, it can come out a lot closer than you might have thought.)

Chase has great co-branded hotel and airline cards. I would check those out. The current SUBs on the Marriott Bonvoy Boundless (75K Bonvoy points) and World of Hyatt (50K Hyatt points) which I added in my spree are worth $600 and $850 respectively in hotel points. Plus each pays high value in hotel spend and each gives you a free night annually, more than paying for the AF. They have a good IHG card, Southwest and United cards, and some awesome AVIOS flyer bonus points with cards from British Airways, Iberia, and Aer Lingus. (Avios can be exchanged for ONE WORLD partners including Amerian.)

If none of this interests you, do you have an Amazon PRIME membership and shop there a lot? Chase's Amazon card pays 5% back on Amazon Prime purchases as well as at Whole Foods and has no AF.   Plus it has 2% back at gas stations, restaurants and drug stores, which could be attractive depending on your other cards.

Chase Amazon might not be a bad way to go at all. For a store card they give it a decent SL (8k-14k). Amazon doesn't qualify as a streaming service on the Chase Freedom even though I use it mostly for Prime Video through my Fire Stick. Showtime also codes as an Amazon product if you subscribe through the stick. Amazon doesn't do a lot in the way of affiliate marketing so that 5% is about as good as it gets and discount is comparable to the type of value one can get out of a US Bank Cash+ 5% category. Then you can take 12 or 24 month financing on purchases with it which is nice if you want to renovate/furnish a house and maintain cashflow.

Its an easy approval I think if you are 700+ and already have a proven relationship with Chase.

@Citylights18 I think you sold me on the prime card. Do you think I can use the chase version of it with a business amazon account? Hopefully they're not super strict. not really interested in the amex chase version at this point.