this card definitely isn't for everyone, but worth noting that if you're actually running a business, the annual fee is tax deductible as a business expense since its a business card(just found that out from an article) so that sort of saves money; as someone who bulk buys from Canada(no FTF) and can easily spend $5k+ at once, this fits me perfectly along with the nice welcome bonus
This card would've been a perfect fit for me if they were UR pts. It makes a lot of sense for us due to high spend. However, my business partner and I prefer the UR pts with the CSR which makes the unlimited 2.25cpp at a minimum
You do get UR. When Chase says cash back, they value their UR at MINIMUM 1cpp, you just can’t transfer them. That’s the only downside. So someone who has the reserve… they can’t make this set up OP.
Great video. I recently did a lot of research looking for the best reward card. I evidently didn’t read the fine print that cash back means points. Everyone told me American Express platinum is the way to go but I felt like Chase Ink business premier was more straight forward.
It's still the best for business ! This card is designed to pay it off every month from business account, makes total sense those rewards 2% , it will pay annual fee and business account fees...
I'm getting some of that Chicken the next time I am in SF. You made some valid points about the Premier, and I really like the one concerning co-mingle of points or as I see it switching out cards when you can keep that one in place for specific orders that you know are always going to be over $5000. However, I feel just like the Hyatt Business all over again, this can turn out to be a niche within a niche use case. Even if I moved up into a 7 or even 8 figures income bracket. I would still want to maximize my UR or MR points hoping to get that special invitation to the Palladium or Centurion cards. I don't see many cases of me setting for just cash back when I had always had the option of cashback or UR points. The possibility of oversize value is gone, it's just $1000 for the sign-up bonus, that's it. Sometimes using your superpowers always makes sense regardless of whatever else you do.
Yep! I don't think this card is made for "us" -- feels like the pure cash back crowd who always gets angry when I talk about travel 🙃 Side note: IIRC JPM Reserve (fka Palladium) is just by asset level. Centurion is super weird because you effectively need to forgo your MR points (spend primarily needs to be on your Platinum and Platinum Business).
I have Amex Plat, CSP, AA Platinum, CO Sparks Cash Plus, Hilton Aspire. I put my business spending into various cards depending on what I want to do. Yes travel is one of them but the cash back is good too because an extra 100k is better than having lots of points stored on another card which does accumulate points as well. People that don't have high spend limits wont benefit greatly from this card but for those that can it makes a big difference going from 2% to 2.5%. I just made 15k with the new rate.
i just got approved for the card. i travel frequent and i own 100% of the business. i go 1st class and usually hi end stays and rent cars. ive been using a personal citi american airlines world elite executive card and it gives lots of miles and has lounge access. but now i plan to see how much cash this card will spit out from my travel and business purchases
Speaking for my self as a restaurant owner I would definitely get this cus my spending will be more than 150k per year and since my business account is also with chase I will just go with this card
Another restaurant owner here. Most of my spending doesn’t fall in the elevated categories for other cards. Primarily use the Chase ink unlimited. But got a nice bonus ($1000 for 10k spend) and will only be using this card for bills over $5000k. The math Shebby provided makes sense for me.
this is the card with my highest limit (around 50k), for my business which is very inventory -reliant, it is perfect for me. The spending power largely outweighs the annual fee
Makes sense :) Depending on your turnover cycle, it might make sense to add in the Amex Plum as well. That's another fan favorite for inventory heavy business owners.
So if I were to ask how much I need to spend to determine when it makes more sense to choose the Ink Premier, the answer is that “It’s over $9,000!” …why does this phrase sound so familiar?
I really wanted this card as I do a lot of transactions over 5k. But I was under the impression you could transfer the points. Now I’m not sure what to do…. This is Chases only 2% card. I’ve got several other 2% cards but was really wanting the transfer and 2.5% …..
Hey Sebby! I love the new channel. I've been looking into an amex gold card and amex schwab platinum combo to get around 4% cashback. I'd love to see it in a future video. Thanks for what you do!
The main issue is that you need to value lounge perks to justify the Platinum CS. Many of those people also value aspirational travel over cash back. If Platinum CS is a fit (or at least breakeven) then I think it's fine for the ~4.4% cash back.
Hi Sebby, I think there is an option to pay yourself back on eligible purchases that puts point value at 1.5c each. I have not done it yet but on my next purchases I will try. Would you please check that?
All of a sudden this week Chase has been allowing transfer the Premier points out to other cards. If it’s not a bug then this card just got a lot more interesting.
I actually just applied for 4 of these for 4 businesses I own that will do a combined 35k~ a month in inventory and other categories that don’t fall under traditional business bonus spend. Looking at the numbers you provided verified what I thought, while my break even is significantly higher, it makes sense easily still. Especially with sign up bonuses. Two separate names so even if I only get two I’m undoubtably ahead.
It's actually a pretty solid catch-all card if you don't care about points (for aspirational travel). Depending on spend level, I'd also look into the Citi Premier given the upside (TY transfers to partners).
So…my spouse just met the spend and wants to link their rewards to my Chase Preferred. Does this mean we can’t do this ‘cus Ink rewards are different than other Ultimate Rewards?
💳 I run an ecomm business so I use heavy spenders like the biz platinum and the spark plus charge cards. I wanted to add this card to the rotation because of the CB and the high spending limits (common to see 100k+ on this card) I got an invitation code from chase to apply for the card by jan 2nd. My credit score took a slight hit during q4 because that's when we ramp up. Wasn't sure if I should wait for my credit to recover before applying, or apply before the invitation expired. Ended up applying Jan 1st and got denied. My question is - do these invitations to apply mean anything? Do they actually give you an increased chance of getting approved, or should I have waited for the credit to rebound first
Chase says somewhere in their literature that letting cardholders transfer these points to travel cards would be too generous. I could see that someone with a CSR might be getting at minimum 3.75% on large purchases. Still, someone with the Ink Cash and CSR is redeeming for an effective minimum of 7.5% at office supply stores and probably stocking up on gift cards. Chase should do better. I wouldn't even consider this card.
My guess is that Chase doesn't care about "small timers" (office supply stores) BUT are concerned by inventory heavy businesses or ad managers ($100k to $1M a month).
The 5X for the Ink Cash is capped at $25K, so the "damage" is limited. For business owners with big spend who might find the Premier card appealing, they could spend $25K in one or two transactions, and just keep going. I hope Chase isn't considering messing around with the other business cards going forward...
I have the premier card for the last 9 months or so. It’s weird I can transfer toward the premier card but I can transfer toward my ink card. I also don’t get any of the bonuses on the ink and transfer partners lowkey suck
Hello, please help I went through a hardship and defaulted in the chase ink business 1.5 years ago , lost the business. Now rebuilding long story short how can i get back with chase ink ? any advise?
1) Try applying 2) If rejected, you might need to pay them back 3) If amount is high, probably just move on to a different issuer (i.e., $15k is probably not worth it since you can't derive the same value back)
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💳 Sebby's Card Picks: www.asksebby.com/credit-cards
Looks like the ink unlimited is still best for my small business. Love the cost analysis you do with each card, super helpful as always
Thanks for the support Nicholas! :)
this card definitely isn't for everyone, but worth noting that if you're actually running a business, the annual fee is tax deductible as a business expense since its a business card(just found that out from an article) so that sort of saves money; as someone who bulk buys from Canada(no FTF) and can easily spend $5k+ at once, this fits me perfectly along with the nice welcome bonus
This card would've been a perfect fit for me if they were UR pts. It makes a lot of sense for us due to high spend. However, my business partner and I prefer the UR pts with the CSR which makes the unlimited 2.25cpp at a minimum
You do get UR. When Chase says cash back, they value their UR at MINIMUM 1cpp, you just can’t transfer them. That’s the only downside. So someone who has the reserve… they can’t make this set up OP.
Great video. I recently did a lot of research looking for the best reward card. I evidently didn’t read the fine print that cash back means points. Everyone told me American Express platinum is the way to go but I felt like Chase Ink business premier was more straight forward.
I have the three other Ink business cards. I was thinking of getting this. The part about not being able to transfer points made me decide not to.
That's a deal breaker.
It's still the best for business ! This card is designed to pay it off every month from business account, makes total sense those rewards 2% , it will pay annual fee and business account fees...
While wonky great information. I like the Chase Ink card I have been using for a while.💳
Just signed up for this card today and TOS states it can be used for travel and flights. Woot woot
I'm getting some of that Chicken the next time I am in SF. You made some valid points about the Premier, and I really like the one concerning co-mingle of points or as I see it switching out cards when you can keep that one in place for specific orders that you know are always going to be over $5000. However, I feel just like the Hyatt Business all over again, this can turn out to be a niche within a niche use case. Even if I moved up into a 7 or even 8 figures income bracket. I would still want to maximize my UR or MR points hoping to get that special invitation to the Palladium or Centurion cards. I don't see many cases of me setting for just cash back when I had always had the option of cashback or UR points. The possibility of oversize value is gone, it's just $1000 for the sign-up bonus, that's it.
Sometimes using your superpowers always makes sense regardless of whatever else you do.
Yep! I don't think this card is made for "us" -- feels like the pure cash back crowd who always gets angry when I talk about travel 🙃
Side note: IIRC JPM Reserve (fka Palladium) is just by asset level. Centurion is super weird because you effectively need to forgo your MR points (spend primarily needs to be on your Platinum and Platinum Business).
I have Amex Plat, CSP, AA Platinum, CO Sparks Cash Plus, Hilton Aspire. I put my business spending into various cards depending on what I want to do. Yes travel is one of them but the cash back is good too because an extra 100k is better than having lots of points stored on another card which does accumulate points as well. People that don't have high spend limits wont benefit greatly from this card but for those that can it makes a big difference going from 2% to 2.5%. I just made 15k with the new rate.
i just got approved for the card. i travel frequent and i own 100% of the business. i go 1st class and usually hi end stays and rent cars. ive been using a personal citi american airlines world elite executive card and it gives lots of miles and has lounge access. but now i plan to see how much cash this card will spit out from my travel and business purchases
Speaking for my self as a restaurant owner I would definitely get this cus my spending will be more than 150k per year and since my business account is also with chase I will just go with this card
Another restaurant owner here. Most of my spending doesn’t fall in the elevated categories for other cards. Primarily use the Chase ink unlimited. But got a nice bonus ($1000 for 10k spend) and will only be using this card for bills over $5000k. The math Shebby provided makes sense for me.
this is the card with my highest limit (around 50k), for my business which is very inventory -reliant, it is perfect for me. The spending power largely outweighs the annual fee
Makes sense :) Depending on your turnover cycle, it might make sense to add in the Amex Plum as well. That's another fan favorite for inventory heavy business owners.
So if I were to ask how much I need to spend to determine when it makes more sense to choose the Ink Premier, the answer is that “It’s over $9,000!”
…why does this phrase sound so familiar?
I have 1 bus card, and would like to foray over into this space for consulting purposes. Nice cost analysis on the IBP - subscribed!
Thanks for the support :) Glad someone enjoys the math haha
So what can you use the premier points for?
I really wanted this card as I do a lot of transactions over 5k. But I was under the impression you could transfer the points. Now I’m not sure what to do…. This is Chases only 2% card. I’ve got several other 2% cards but was really wanting the transfer and 2.5% …..
Can you transfer miles/points to flying blue particularly Air France?
Yep! Pretty solid option as well :)
Hey Sebby! I love the new channel. I've been looking into an amex gold card and amex schwab platinum combo to get around 4% cashback. I'd love to see it in a future video. Thanks for what you do!
The main issue is that you need to value lounge perks to justify the Platinum CS. Many of those people also value aspirational travel over cash back.
If Platinum CS is a fit (or at least breakeven) then I think it's fine for the ~4.4% cash back.
Not sure if anyone cares or not, but I am still hanging on to my chase business ink plus. Any thoughts on it?
Seems fine. I'm actually jealous :)
@@AskSebbyBusiness if Sebby is jealous, I'll keep it for my dear life 🙏For your approval.
Hi Sebby, I think there is an option to pay yourself back on eligible purchases that puts point value at 1.5c each. I have not done it yet but on my next purchases I will try. Would you please check that?
Does Chase Ink Business Premier require a Personal Guarantor and if so, which credit bureaus they use to check credit score?
All Chase business cards require personal guarantee AFAIK. Bureaus depend on your state (should be data points on forums).
All of a sudden this week Chase has been allowing transfer the Premier points out to other cards. If it’s not a bug then this card just got a lot more interesting.
👀
I actually just applied for 4 of these for 4 businesses I own that will do a combined 35k~ a month in inventory and other categories that don’t fall under traditional business bonus spend. Looking at the numbers you provided verified what I thought, while my break even is significantly higher, it makes sense easily still. Especially with sign up bonuses. Two separate names so even if I only get two I’m undoubtably ahead.
Sebby what do you think about the wells fargo autograph?
It's actually a pretty solid catch-all card if you don't care about points (for aspirational travel).
Depending on spend level, I'd also look into the Citi Premier given the upside (TY transfers to partners).
Lack of point transfer kills this card
Hopefully they reverse course; I'm guessing they're scared of high spending businesses?
So…my spouse just met the spend and wants to link their rewards to my Chase Preferred. Does this mean we can’t do this ‘cus Ink rewards are different than other Ultimate Rewards?
sounds like Penultimate Rewards points…
💳 I run an ecomm business so I use heavy spenders like the biz platinum and the spark plus charge cards. I wanted to add this card to the rotation because of the CB and the high spending limits (common to see 100k+ on this card)
I got an invitation code from chase to apply for the card by jan 2nd. My credit score took a slight hit during q4 because that's when we ramp up.
Wasn't sure if I should wait for my credit to recover before applying, or apply before the invitation expired. Ended up applying Jan 1st and got denied.
My question is - do these invitations to apply mean anything? Do they actually give you an increased chance of getting approved, or should I have waited for the credit to rebound first
Invitations tend to be spray and pray. Main draw is (potentially) elevated offers but they typically don't increase approval odds.
@@AskSebbyBusiness thanks for the reply! Makes sense
Chase says somewhere in their literature that letting cardholders transfer these points to travel cards would be too generous. I could see that someone with a CSR might be getting at minimum 3.75% on large purchases. Still, someone with the Ink Cash and CSR is redeeming for an effective minimum of 7.5% at office supply stores and probably stocking up on gift cards. Chase should do better. I wouldn't even consider this card.
My guess is that Chase doesn't care about "small timers" (office supply stores) BUT are concerned by inventory heavy businesses or ad managers ($100k to $1M a month).
The 5X for the Ink Cash is capped at $25K, so the "damage" is limited. For business owners with big spend who might find the Premier card appealing, they could spend $25K in one or two transactions, and just keep going. I hope Chase isn't considering messing around with the other business cards going forward...
This would also be perfect for me if it was regular your points 😢
What camera do you use to film your videos with?
Sony FX3. You do NOT need something that expensive to get started though! Sony ZV-1 looks solid as well for a fraction of the price :)
I have the premier card for the last 9 months or so. It’s weird I can transfer toward the premier card but I can transfer toward my ink card. I also don’t get any of the bonuses on the ink and transfer partners lowkey suck
The card is metal tho so that’s cool ig prob 5/8th an Amex thickness
Interesting! What would happen if you transfer (let's say 1 UR) from another card TO the Ink Premier? My guess is they won't let you send any back.
@@AskSebbyBusiness they are stuck there. I had to ask my relationship manager bc the portal gives very little details
💳 No, not liking this CC. Have The IBU. Enough for me.
Hello, please help
I went through a hardship and defaulted in the chase ink business 1.5 years ago , lost the business. Now rebuilding long story short how can i get back with chase ink ? any advise?
1) Try applying
2) If rejected, you might need to pay them back
3) If amount is high, probably just move on to a different issuer (i.e., $15k is probably not worth it since you can't derive the same value back)
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👋 Mac :D
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Thanks for watching! :)
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Thanks for watching! :)
More Sebby on another channel!? Insta-subscribe!
:)
This card honestly looks like it sucks.
I think it's a skip for sole props and smaller businesses. Only really makes sense if you run a LOT of money through your cards.
Chase and Amex need to make a business card called The Freelancer or The Artiste. Y'know, for us little arty types. 😊 💳
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