The Chase Ink Business Preferred card rolled out in the fall of last year with a mighty 80,000 point signup bonus. I’ve been eager to get the card, but Chase’s 5/24 Rule has been a roadblock. For most of their cards, Chase won’t approve your application if you’ve signed up for 5 or more cards from any bank within the past 24 months. And I’m way over 5/24. I’ve asked a couple of times in-branch whether I was pre-approved for the card (which has proven to be a way around 5/24 for the Sapphire Reserve card), but no dice.
Then, on Wednesday, Doctor of Credit published “New Way To Bypass Chase 5/24.” The idea is to submit a paper application through a Chase Business Relationship Manager (BRM). Apparently these applications go through a completely separate process from regular old applications. And, as a bonus, the business card offers available through BRMs are better than the public offers for these cards. BRM’s currently offer the following:
- Chase Ink Business Preferred Card: 100K signup bonus after $5K spend in 3 months (the public offer is currently 80K after $5K spend). $95 annual fee is not waived in either case.
- Chase Ink Cash Business Credit Card: 50K signup bonus after $3K spend in 3 months (the public offer is currently 30K after $3K spend). This card has no annual fee.
I didn’t know if I had access to a BRM, but I remembered that a couple of years ago I met with someone at my local Chase branch regarding my business banking at Chase (I do all of my business banking with Chase). I dug up old emails and discovered that he was in fact a BRM! I contacted him and learned that he had moved to another area, but he was able to dig up contact info for my new BRM. Great!
Yesterday I filled out the Ink Business Preferred paper application. I considered applying for the Ink Cash card at the same time, but I didn’t want to risk having that 50K offer approved instead of the 100K offer. If this works out well, I may try the Ink Cash application in a month or two.
My understanding is that it will probably take quite a while before I find out if my application was approved. Fingers crossed!