@RobertS2 wrote:Btw, I don't think business cards count toward 5/24.
You must be under 5/24 to be approved for a Chase business card which is what OP was saying. He's at 5/24 currently so would be denied for a business card. The trick is that once you are approved, the Chase business cards don't report on your personal credit report and therefore don't count against future 5/24 applications. For that reason, when I was adding some Chase cards a few years ago I purposefully applied for the business card while under 5/24 and later applied (and was approved) for a personal card that would have otherwise exceeded 5/24.
@Janneman wrote:I have received a pre-approved/pre-selected offer in the mail for Atmos Rewards Ascent Visa Signature card, and I am not sure what to do. Thus, need your personal opinions on it.
First of all, the offer states that I would need to spend $3500 or more in purchases within the first 90 days of account opening to earn SUB, but if anyone, including me would apply for the same card by visiting their site then minimum spending limit to earn SUB is only $3k than $3500.
I would get 50% global flight discount compared to 30% which is being offered thru their site and without any invitation/pre-approved offer.
Thirdly, I am thinking about their other card, Summit one, which has better SUB, so not sure if I would respond to this Ascent card.
Fourth, I am 5/24 right now and looking forward to apply 2 more Chase Business cards. So, getting this card would push me back for a year to get any Chase card.....
What would you have done in this situation? Its not that I do need this card or at least for now....but 99% of the time one does get approved if pre-approved offers are responded to unless credit is totally a mess.
Thank you...
Are you sure this is a true preapproval @Janneman instead of simply a marketing offer? Usually, a preapproval includes an invitation code or will appear on your lender dashboard such as how Chase marks their preapprovals. It could be just a marketing offer.
Check the fine print and see if the offer terms are all exactly identical. You didn't say the points you were earning so does that offer with the higher spend requirement have the same points awarded or is it higher? Or maybe the additional $500 spend requirement is the trade-off for getting the 50% versus 30% discounted fare. When I go to Bank of America for >that card<, I receive this offer:
Receive a 30% global flight discount code for a qualifying future flight after opening your new account. Additionally, earn 60,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) after spending $3,000 or more on purchases within the first 90 days of opening your account.
I found ANOTHER offer at >this link< that has seems to have NO discounted fare but has a higher point offer for $4K spend over a longer 120-day window:
Get 80,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) with this offer. To qualify, spend $4,000 or more on purchases within the first 120 days of opening your account.
Bottom line is that there are often multiple offers but sometimes they trade one incentive for another with varying stipulations. Which offer is better or more attractive just depends on your circumstances and how you calculate the value.
Yes, the Atmos Summit has a higher point SUB but that's typical for a card that also carries a heftier annual fee. The spend requirement is also higher ($4,000 over 90 days). And instead of a discounted fare, you receive a 25K point companion certificate. So the SUB is completely different and one may be more valuable to you than another.