Update, 12/31: Chase has had the highest approval odds ever on Ink Cards right now. A Chase insider has told us they have made a huge push to get more Ink card approvals for the end of 2022. This deal is simply unprecedented, for the past 8 years Chase would not approve an Ink Credit card if you had 5 consumer cards opened in the past 24 months. The Ink cards also had strict requirements to get card approval. Neither of those have been true for many readers over the past seven days. You can read a Frequently Asked Questions post here to learn everything you need to know about this deal!
One reader with 9 consumer card approvals with various banks in the past 24 months (9/24) reports getting approval for an Ink card after calling reconsideration!
I just applied for 5 Chase business cards (4 Ink cards and a Hyatt Business Credit Card) and my wife applied for 4. So far, I’ve been approved for 4 and my wife has been approved for 2 of them, with the rest still pending. It’s a great time to apply for these cards and rack up the points!
An insider tips us off that 5/24 restrictions have been temporarily relaxed for Ink cards and approvals should remain easier to obtain through 12/31.
Generally speaking, multiple applications made on the same calendar date only have 1 credit pull.
Ink cards include:
- Ink Cash: Limited time offer: 90,000 points for spending $6,000 in 3 months (marketed as $900 cash back, but will actually award points). Earn up to 5 points per dollar. No annual fee. Read more here.
- Ink Unlimited: Limited time offer: 90,000 points for spending $6,000 in 3 months (marketed as $900 cash back, but will actually award points). Earn 1.5 points per dollar. No annual fee. Read more here.
- Ink Preferred: 100,000 points for spending $15,000 in 3 months. Earn up to 5 points per dollar. $95 annual fee. Read more here.
- Ink Premier: Intro bonus: $1,000 cash back for spending $10,000 in 3 months. Earn up to 2.5% cash back. $195 annual fee. Read more here.
Share your application results in the comments!
Originally posted 12/20/22.
Historically, Ink cards have been among the more difficult cards to get approval for based on credit history, score, income, and other factors, but many readers are reporting incredible approval rates the past month.
Several readers report that they and their spouse have both been approved for each of those cards. In some cases, that was despite opening the same Ink cards earlier this year, and the bonuses for the new Ink cards are already posting. As long as you’re approved, you will get the signup bonus for any Chase Ultimate Rewards card.
Both cards are offering a 90,000 point signup bonus after $6,000 spending in 3 months. If you and a spouse each open 2 cards and meet the minimum spending requirement, you’ll have between 390,000-438,000 Chase Ultimate Rewards points depending on the categories you spend on. If you redeem those points for cash that’s $3,900-$4,380, but if you redeem them for Pay Yourself Back categories, Travel, or mileage transfers at an average of 1.5 cents each, that’s $5,850-$6,570 back. Improve your redemption value to 2 cents each and that’s $7,800-$8,760 back!
You can meet the spend thresholds by paying your taxes or tax estimates, buying gift cards while earning 5 points per dollar from office supply stores or websites, paying utility bills, paying tuition, donating to charity, and much more.
This bonus is the highest ever for these cards, that coupled with the current ease of approval makes this the absolute best time ever to apply for these cards!
If you are looking for the best Chase credit card for everyday spending, get the Ink Unlimited Card which earns 1.5 Ultimate Reward points per dollar spend.
If you want to maximize points earnings by earning 5 Ultimate Reward points per dollar spent on up to $25K annually at office supply stores (including gift cards to other stores) and wireless/telecom/cable then get the Ink Cash Card.
Note on how to apply for a Chase Business card:
These are business cards, but you may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.
If you have business paperwork you can apply under your business name. Otherwise, it’s critical to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork. You can then send in bills in your own name for verification.
If you’re like me and you run more than one business, you can signup for multiple of the same card for each business to manage each businesses expenses separately.
Have you signed up for these cards yet? How did your application process go?