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Insane New Ink Offer! Higher Than Ever Before! 120k Points!

- Jul 11, 2024 Credit Card Info, Credit Card Offers0 comments

I think our generation will be known as the Ink generation (those-who-know-know). What’s happening with these Ink cards is crazy!! And now it just got even crazier. Chase just spilled even more Ink by increasing the offer on the card_name to 120,000!! points after spending $8k on the card. This is the highest offer we have ever seen on this card! You should get this insane all-time high offer for yourself, for your spouse, parents, brother-in-law, sister-in-law, and who not!! 

card_name >>

Points to ponder

Before you apply, here are some quick points to consider. 

Can I apply for two Ink Preferred cards the same day?

Yes. But it usually will need to be for two different business tax IDs.

Will it be one hard inquiry or two?

Applied for both cards on the same day: If both applications are submitted on the same day then there will only be one inquiry. 

Applied for the cards on different days: Recently, many people reported only getting one credit inquiry even for applications that were submitted a few days apart, but some reported two inquiries if they applied for the cards on different days, so your results may vary. 

Is the Ink Preferred card under the 5/24 rule?

Many people were able to get approved even when being above the 5/24 rule (including my wife and myself). But some people are getting declined. It seems like the rule is waived for many people but not everyone.   

You can see data points here 1, 2, 3, 4, 5, 6, 7, 8, 9, 10.

What's the Chase 5/24 rule?

The rule basically means that anyone who has opened 5 or more personal credit cards within the past 24 months, cannot get approved for any Chase credit card.

Are all cards counted towards the 5 cards or only Chase cards?

Any personal credit card from any bank that was opened in the last 24 months will count towards the 5/24 rule. It does not make a difference if the account is still open or already closed.

Are business cards counted towards the 5 cards?

Only personal cards count towards the 5 cards, not business cards (including Chase business cards).

Are authorized users counted towards the 5/24 rule?

Authorized users do not count towards the 5/24 rule, but you may need to call the reconsideration department (phone number: 1800-453-9719) in order to get approved since the computer approval system sometimes does not pick up the difference between an individual account and an authorized user account.

Can I get the same Ink card again?

The rule used to be that the same person applying for the same business can get the Ink bonus only once in 24 months (not an official rule, but in real life this used to be 90% true). But right now with the easier approvals many people are able to get the same card again even way before 24 months and even on the same business. 

The same person can get the same Ink card on a different business at any time.

A different person can get the same Ink card on the same business at any time.

How quickly can I get my card once I'm approved?

You can request Chase to overnight your physical card by calling Chase credit card customer service at 1-800-945-2028.

Can my spouse apply for the same card as me for the same business even if she/he is an authorized user on my card?

Yes.

Do I need a business to apply for an Ink card?

Yes. But almost everyone has some type of business that is eligible. For example, if you tutor kids then that can be considered a tutoring business. You do not need an LLC or corporation. You can apply as a sole proprietorship using your social as the tax ID. More details and a step-by-step guide can be found here.

Do I earn points or cashback?

You earn Chase Ultimate Reward points.

How can the points be used?

You can redeem the points with the following options:

Cashback: The points can be redeemed as cashback for 1 penny per point.

Chase Travel(SM): Your points can be redeemed for 1.25 cents per point on Chase Travel(SM), to book flights, car rentals, hotels, and more. 

If you also have the card_name then you can transfer your points to the card_name to redeem 1.5 cents per point on Chase Travel(SM).

Transfer to airline and hotel programs: 

You can transfer your points to any of the following Chase Travel Partners.

Airline partners:

Transfer Ratio Transfer Time
Aer Lingus, AerClub 1:1 Instant
Air Canada, Aeroplan 1:1 Instant
British Airways, Avios 1:1 Instant
Emirates, SkyRewards 1:1 Instant
Air France/KLM, Flying Blue 1:1 Instant
Iberia, Iberia Plus 1:1 Instant
JetBlue, TrueBlue 1:1 Instant
Singapore Airlines, KrisFlyer 1:1 12-24 hours
Southwest, Rapid Rewards 1:1 Instant
United Airlines, MilagePlus 1:1 Instant
Virgin Atlantic, FlyingClub 1:1 Instant

Hotel partners:

Ratio Transfer Time
Hyatt, World Of Hyatt 1:1 Instant
IHG, Rewards Club 1:1 1 day
Marriott, Bonvoy 1:1 2 days

If my application is pending what do I do?

If the application is pending then call Chase Underwriting Department and ask them to review the application on the spot. The number is 1-888-609-7805 and press 0 for a representative. 

If I get declined what should I do?

Thankfully, Chase has a very friendly reconsideration department that can be reached at 1-888-609-7805. In most cases, the underwriter you speak to has the power to recommend an approval or denial. You can very likely convince the underwriter to approve your application even after getting declined.

Read some great tips on how to get your application reconsidered here.

Do I need a Chase business checking to get approved?

No. But having one will result in a higher chance of approval, especially if you’re looking to get a high credit limit.

What's the minimum credit score I need to get approved?

There is no official number but in general, I only see approvals if you have your own credit card for a minimum of 12 months and your credit score is 700 plus. Overall, approvals are now easier than ever before.

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Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

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