New Details: The Ink Business Preferred Credit Card
One of the benefits of working for a large bank was always being on the inside when new offers came about. It was a nice perk, sort of like having special inside information, but for miles and points! After 4 and a half years in banking, I still have a lot of friends in the business, from a lot of different companies, and I’m able to find out a little bit of information as it trickles in.
There’s been a lot of speculation lately as to the exact details of the new Ink business card offering from Chase. Currently the Ink Plus card is offering 60,000 points if you sign up online and 70,000 points if you sign up in a branch. One of the other benefits of signing up in the branch is that the annual fee is waived the first year. I see this more and more, as if you’re in the branch they want an extra little carrot for you having taken the effort to show up inside the branch.
Well, according to my sources, there will be a special offer as well for the new Ink Business Preferred card when it launches in the next 4-6 weeks.
We’ve heard that there will be an 80,000 point bonus after the initial $5,000 in spend. But what I just found out is that they’re looking to offer a 0% Apr in Branch only, not online. Also, the annual fee of $95 is going to be waived in branch and not online. As more information comes forward, we’ll get all the details, but for now, this is what two of my sources are telling me from the small business division in the bank.
Bonus categories as well are looking to change away from office supply stores and focus on travel and “social media purchases.” In a statement from the company, they said that:
Business owners earn 3 points a dollar for the first $150,000 spent on travel, telecommunications, shipping and advertising on social-media and search engines. Purchases after that limit or in other categories earn 1 point per dollar
I don’t know about you, but I don’t spend that much at FedEx and Facebook advertising, but if you do, this could be a big win. If you’re a fan of the big box office supply stores, this is an unfortunate turn of events.
So, what’s a business owner to do it you want to use your card at office supply stores? Apply NOW for the Ink Plus card. And then apply LATER for the Ink Plus Preferred. You can get both so long as you’re wishing Chase’s application rules, since they are different and unique products.
The other option is the Ink Cash card, since that card will be keeping the 5x category for office supply purchases. That card does not have an annual fee, either online or in branch.
We don’t receive a commission from any application, so I would just encourage you to go into your nearest branch (as the offer is higher by 10,000 bonus points and no annual fee for the first year). If there isn’t a branch near you, then by all means apply online. From what I hear, the Ink application won’t be available past November, so act fast.