Got an offer in the mail today to apply for the Chase Ink Business Unlimited. There is a pretty attractive offer of $750 cash back after a $7,500 spend in three months. That shouldn't be a problem to accomplish.
The problem: I ended my 14 year business and personal banking relationship with Chase this summer. I'm not going back, so I wonder how this will affect any potential applications. I do need to get a business credit card, because right now, I use a personal card for business expenses. I have to remedy this in 2022. I'm just not sure if it should happen with Chase. Also, I'm not going to apply for this card until after I get the CSP.
What are your thoughts on this card? Would you app for it in my situation?
Starting Score: 469
@Junejer wrote:Got an offer in the mail today to apply for the Chase Ink Business Unlimited. There is a pretty attractive offer of $750 cash back after a $7,500 spend in three months. That shouldn't be a problem to accomplish.
The problem: I ended my 14 year business and personal banking relationship with Chase this summer. I'm not going back, so I wonder how this will affect any potential applications. I do need to get a business credit card, because right now, I use a personal card for business expenses. I have to remedy this in 2022. I'm just not sure if it should happen with Chase. Also, I'm not going to apply for this card until after I get the CSP.
What are your thoughts on this card? Would you app for it in my situation?
I think it's a nice card, and it seems that you would be approved for it.
Thanks for your input @SouthJamaica, I appreciate it. I'm guessing I might be approved as well. I want to get all the personal cards (Chase SP and maybe an Elan card through my bank) I want first before apping for this one. Currently, I reserve my AmEx for my business expenses.
Wondering how you think it compares to the business cards you have.
@Junejer wrote:Thanks for your input @SouthJamaica, I appreciate it. I'm guessing I might be approved as well. I want to get all the personal cards (Chase SP and maybe an Elan card through my bank) I want first before apping for this one. Currently, I reserve my AmEx for my business expenses.
Wondering how you think it compares to the business cards you have.
To be honest, I have long been coveting the Chase Ink cards, not so much because of any special features but because I find Chase to be the most business-friendly bank I have ever dealt with. Also because my main business cards were Amex cards, and there were too many instances of Amex not being accepted, so that I really felt the need for a good Visa or Mastercard. I thought the TD Business Solutions card would be my 'solution', until, after I got it, I discovered that it reports to personal credit, to my amazement. I should not have been surprised, as all my dealings with TD Bank end in disappointment.
I used to want the Ink Preferred, but when they raised the spend for a SUB to $15k, which might not be reachable for me without going through contortions, I scratched that. Then I most wanted the Ink Unlimited, because I hate having to think about categories, and the 1.5% cash back seemed good enough for me on a no-annual-fee card. But then things changed for me, recently, when I picked up the FNBO Evergreen business card with 2% cash back. That made 1.5% seem less attractive. And I get 2% from my Amex business cash back card.
So basically, I don't really need a Chase Ink card now, because I have the non-Amex part covered (FNBO and the US Bank Triple Cash), and I have 2% cash back, which in my book is great. My only connections to FNBO and US Bank are those two credit cards, and they're both new, so although I have no problems with them I can't say I have a deep trust of them either; time will tell.
So at this point the most attractive card in the Ink collection for me is the Ink Business Cash card, with 5% back on office supply stores and on internet, cable and phone services. I don't really need the card, but if I get preapproved for it some day I will spring for it, reasons being (a) my respect for Chase as a business bank, (b) the 5% on internet and phone, and (c) the luscious $750 SUB, on a no-annual-fee card.
BTW, if you're going to apply for a Chase business card, IMHO you should do it before rather than after the personal card, since then it won't be counted among "recent" accounts in 5/24.
Thanks for the thorough explanation. It’s very helpful. I thought Chase excluded themselves from the 5/24 rule. I’m currently at 3/24 with Discover, Chase FU and FNBO Evergreen.
@SouthJamaica wrote:
@Junejer wrote:Thanks for your input @SouthJamaica, I appreciate it. I'm guessing I might be approved as well. I want to get all the personal cards (Chase SP and maybe an Elan card through my bank) I want first before apping for this one. Currently, I reserve my AmEx for my business expenses.
Wondering how you think it compares to the business cards you have.
To be honest, I have long been coveting the Chase Ink cards, not so much because of any special features but because I find Chase to be the most business-friendly bank I have ever dealt with. Also because my main business cards were Amex cards, and there were too many instances of Amex not being accepted, so that I really felt the need for a good Visa or Mastercard. I thought the TD Business Solutions card would be my 'solution', until, after I got it, I discovered that it reports to personal credit, to my amazement. I should not have been surprised, as all my dealings with TD Bank end in disappointment.
I used to want the Ink Preferred, but when they raised the spend for a SUB to $15k, which might not be reachable for me without going through contortions, I scratched that. Then I most wanted the Ink Unlimited, because I hate having to think about categories, and the 1.5% cash back seemed good enough for me on a no-annual-fee card. But then things changed for me, recently, when I picked up the FNBO Evergreen business card with 2% cash back. That made 1.5% seem less attractive. And I get 2% from my Amex business cash back card.
So basically, I don't really need a Chase Ink card now, because I have the non-Amex part covered (FNBO and the US Bank Triple Cash), and I have 2% cash back, which in my book is great. My only connections to FNBO and US Bank are those two credit cards, and they're both new, so although I have no problems with them I can't say I have a deep trust of them either; time will tell.
So at this point the most attractive card in the Ink collection for me is the Ink Business Cash card, with 5% back on office supply stores and on internet, cable and phone services. I don't really need the card, but if I get preapproved for it some day I will spring for it, reasons being (a) my respect for Chase as a business bank, (b) the 5% on internet and phone, and (c) the luscious $750 SUB, on a no-annual-fee card.
BTW, if you're going to apply for a Chase business card, IMHO you should do it before rather than after the personal card, since then it won't be counted among "recent" accounts in 5/24.
I thought Chase excluded themselves from the 5/24 rule. I’m currently at 3/24 with Discover, Chase FU and FNBO Evergreen.
That would be logical, but it's my understanding that they don't.
