Chase Ink Preferred: Get Approved (NO Business Required)

[@SpencerJohnsonOfficial]

💲 Download MaxRewards: maxrewards.app.link/spencer (Code: SPENCER)

[@jasonspain3554]

I just applied for this card over the weekend as a Sole Proprietor with Social Security Number. Originally got denied. I called for reconsideration and got approved. So moral of the story, don't give up! 120,000 of the most valuable point there are is pretty amazing. Now I just have to spend. One thing I did was cancel my escrow on my mortgage so that I can pay both my insurance and property taxes with my new card.

[@loganlittrell945]

What did the reconsideration call look like?

[@jasonspain3554]

@@loganlittrell945 I called the reconsideration number I got off of the r/churning wiki. I spoke to a representative and told them I just applied for the Ink Preferred card and was denied and I would like them to reconsider my application. I currently have an 800 credit score and less than 2% credit utilization. They put me on hold for a few minutes, then came back and asked me the year my business was started (probably verifying it matches the application). They put me on hold again and then came back and asked my yearly revenue and expected revenue this year. I told them I got a large project this year that needed additional equipment and was one of the reasons I was getting the card. They put me on hold again and then came back and said I was approved.

[@SpencerJohnsonOfficial]

That's so cool to hear man!! Congrats on your approval and I hope you enjoy those UR points!

[@TheCreditFrog]

Congrats on the new card Spencer 🎉🎉! Yeah, that's why it's so important to be below 5/24 if you can. This 120k offer is pretty awesome and will be a great boon to your UR point stash!

[@SpencerJohnsonOfficial]

I appreciate you a ton Stan! Although staying under 5/24 can be annoying at times, I'm definitely glad I've done so. Excited to put those 120k points to good use!

[@Milkinporsche]

Wow, the 15 card streaks are unreal. Congratulations on the new card, Spencer!

[@SpencerJohnsonOfficial]

Thank you so much brotha! I feel like it's gotta end one day, but so far so good!

[@Chevy2Tyme]

Approval #15 in a row with a solid credit line- congrats Spencer! 17:14

[@SpencerJohnsonOfficial]

Thank you so much!!

[@RITPA]

People talk about the ink train with P2. What do you do with the account after a few years? Sock drawer or cancel? Assuming having too many ink cards open hurts your total available credit limit. Anyway, nobody explains what you do after. Any advice would be appreciated.

[@nMeScArZz]

You can downgrade the ink preferred for you and your player 2 to a ink cash or ink unlimited and then cancel the original ink unlimited/cash you both got and run the train again for each of you with an ein number. Chase has parameters around how much credit they will extend to you so you’ll just have to churn cards over time to open up new ones.

[@SpencerJohnsonOfficial]

Scarz reponse below is pretty spot on. I've even heard you can get the same Ink card under the same EIN without product changing or cancelling the first one which is pretty wild (although I haven't confirmed with personal experience just yet). The Ink cards have a ton of upside.

[@JakeVanderPloeg]

Congrats on the new card Spencer. It seems you’re allergic to denials. Just got approved for the Venture X on my end after a 13 months of gardening!😁

[@SpencerJohnsonOfficial]

Hahah thank you brotha! And congrats to you on the Venture X dude... that's awesome!

[@JakeVanderPloeg]

@@SpencerJohnsonOfficial Thank you! Now the floodgates are open😆

[@shawn.credit]

Excellent new addition your credit portfolio is really filling out! Those Chase Ink cards are really valuable and come in handy. I grabbed a Best Buy Visa and Sam’s Club MC recently those endless approvals always feel nice! ✊💳

[@SpencerJohnsonOfficial]

Thanks so much Shawn! I can't get enough of these Ink bonuses... Nice additions on your end too though! Keep that approval train going!

[@nubianpwr]

Congrats Bro - great CL!👍🏾

[@SpencerJohnsonOfficial]

Thank you so much man!

[@JPBuffet]

Solid breakdown Spencer!

[@johnmckinstry6057]

Congrats on getting approved for the Ink Preferred card! I think it is a great card, being that it is the business version of the CSP. There's nothing wrong with applying for it just for the signup bonus. It's a card that you could easily cancel after a year if you want to. That 120K welcome offer is great, and it's good that you'll be able to meet the spend requirement. I know at this point in time, it would be difficult for me to meet that spend requirement.

[@SpencerJohnsonOfficial]

Thank you so much John! A bit of an unexpected application, but I'm glad to see it paid off. We'll see what I do with it in year 2, but for now, I'm gonna put those points to use!! Btw, it's great of you to recognize you'd be reaching with that MSR... that's key in not overspending!

[@JuanGarcia-hr1wf]

Congrats Spencer on the CIP 👍

[@SpencerJohnsonOfficial]

Thank you so much Juan! I really appreciate it!

[@callmeNeno]

Congratulations!! I got approved for the Ink Cash over the weekend but only for 1.1k credit limit 😢

[@shawn.credit]

It will grow quick it’s an approval nonetheless!

[@callmeNeno]

@@shawn.credit thank for the vote of confidence; definitely excited to get my second business card my Amex BBP

[@SpencerJohnsonOfficial]

Thank you so much Neno! I was shocked with this limit considering my last 2 ink cards only gave me $3k limits, but I won’t complain! Also, one of them already got an auto CLI which I’m sure will happen for you too!

[@callmeNeno]

@@SpencerJohnsonOfficialthanks for the vote of confidence!

[@druiz012]

Congrats! Im applying this week. Wish me luck! 😂

[@SpencerJohnsonOfficial]

Thanks so much brotha! Definitely wishing you luck haha. Go get them points! 🫡

[@Anrex_Bk]

Congrats Spencer ! How do you have 3 inquiries on experian when you have so many credit cards?

[@SpencerJohnsonOfficial]

Thank you so much! As for hard inquiries, for one, they fall off of your reports after 2 years so that's one of the main reasons. That plus applying for Amex cards which don't add a hard pull if you're an existing Amex customer.

[@412foto]

8 more months till I can finally start stacking up some serious Chase points again. Hope they have some nice big Ink offers at that time!

[@SpencerJohnsonOfficial]

I bet they will! Time will tell..

[@DJOctober]

20 Gs just like that! Congrats bro! Hopefully a card I will have someday, not as a keeper but for the welcome offer for sure! Looking forward to the unboxing! Love your content. - Ivan

[@SpencerJohnsonOfficial]

Thanks so much man! I'm excited to get those points added to my account for sure. Unboxing coming out later today! Thanks for the support my man.

[@JKPham23]

Great data points and info. About how long should one wait after being under 5/24 before applying?

[@SpencerJohnsonOfficial]

I'm glad you enjoyed! I personally wait until the first day of the following month after your card ages to 2 years. So if your card hit 2 years old on Aug 15th, I'd wait till Sep 1st, but that's not necessarily mandatory.

[@MontyTheCardNerd]

Let's go Spencer! Really need no better reason to apply than the 120k SUB, I'm sure you'll enjoy using those points. Personally, I prefer this card to the CSP as my access point to transfer partners, primarily for its 3x on transit.

[@SpencerJohnsonOfficial]

Thanks so much Monty! Those points are definitely going to be put to good use. Using the CIP as an alternate to a CSP is definitely a solid move too. If I didn't have the CSR I may consider that myself.

[@coachanthonyburgos3971]

Which order do you recommend applying for the Ink trifecta cards?(business preferred,business unlimited, business cash)

[@lianalonge1984]

Very helpful video and CONGRATS!🎊 I have to garden until July 2025 before I can apply for the Chase Ink trifecta. I’m currently at 6/24. 😔

[@SpencerJohnsonOfficial]

Thank you so much!! I'm excited for you to get under 5/24. That's where the options really open up if you like Chase points!

[@sjg6158]

Good video man

[@SpencerJohnsonOfficial]

I appreciate you!

[@austinharger2932]

I just got the Chase ink Preferred card but I'm not a fan of the annual fee because it doesent have any benefits to justify it, considering I already have the CSP. The welcome offer is nice but I'm not sure about this card long term..

[@SpencerJohnsonOfficial]

I hear ya! Luckily you can always downgrade it to one of the free Ink cards or cancel if needed. Locking in the welcome offer is super nice though!

[@Dre_jr]

Yo @ 10:20 you mentioned since you are not getting a mortgages etc in the next 3 months. Is not credit card inquiries in the previous 3 months or more a normal rule of thumb assuming you have good credit similar to yours? Im usually hear to not have any in 12 months minimum but I didn't know if that was for "ok" credit Great timing for thos video too btw. I am now over 5/24 since i just finally picked up the freedom unlimited for the 20k offer.. i always wanted to try for the ink cards but hesitant without having a business.

[@rambosidi7634]

Great info

[@Mattmckd]

45k points sounds pretty beneficial to me!

[@SpencerJohnsonOfficial]

Absolutely brotha

[@MattWelterOfficial]

Let's goo Spencer!! Congrats on the new Card and I'm sure those 120k Chase Points are going to be put to good use!

[@SpencerJohnsonOfficial]

Thanks so much brotha! I’m stoked to get those deposited to my account soon. Just gotta work on that minimum spend requirement first!

[@saleembrown5770]

You mentioned you already have the ink cash, and almost got another. Is it that simple to get 2? And with the same EIN or social security number?

[@dream_chaser5879]

If I were someone paying my cell phone bill with the BILT card I’d pay it on the 1st to get the cell phone protection and 2x back as part of rent day.

[@jameltanderson]

Congratulations

[@SpencerJohnsonOfficial]

Thank you!!

[@SolidLiquidFox]

Hope you applied with a 40k referral

[@SpencerJohnsonOfficial]

Those referrals are massive for sure!! However, I hear the links for this card have mainly been showing 100k sadly. Luckily my affiliate network has access to the 120k offers though so I can DM those out for those who need it.

[@iankm1]

@@SpencerJohnsonOfficial you can SM if you get a 100k via referral so you'll end up with 160

[@Love2Cruise]

Already have a CIP, but closing in on the earnings cap. Wondering if Chase will allow a second CIP under the same business?

[@iankm1]

use a sole prop after 90 days you'll be fine

[@SpencerJohnsonOfficial]

Based on DPs I've heard on Reddit and through our Discord, you can get approved for multiple of the same ink cards under the same EIN as long as there's some space between them. I've never done this myself, but it sounds like it's possible based on their experience and the lack of welcome offer rules on that specifically.

[@iankm1]

great video as always, just wish it wasn't the same card everyone else applied for over the last two weeks.

[@SpencerJohnsonOfficial]

I hear ya... gotta strike when the offers are hot though!!

[@omni875]

Certifications #1 This is a business account to be used only for business and not personal. Lot's of people playing with fire using these cards for personal usage, don't be surprised one day if they reclaim all the UR points, or come after you for breach of contract...

[@SpencerJohnsonOfficial]

Luckily there are tons of data points reassuring the fact that they do not close accounts down for this, but of course, that could always change one day! It all depends on your risk tolerance and strategy.

[@MattClausen]

I knew it was the Ink Preferred. I just wanted to see something unexpected.

[@SpencerJohnsonOfficial]

Haha my strategy is too tight for the rest of the year to do anything too unexpected. Thanks for being here early brotha! 🥉

[@CallMeLani]

I'm tempted by the higher welcome offer as well, but it would be just for the points with little to no usage. For now I'm waiting

[@SpencerJohnsonOfficial]

I definitely could’ve done the same considering the offer is the main thing this card does for me, but with the ability to downgrade it in year 2, I figured I might as well take advantage of the offer for now 🤷🏼‍♂️

[@MSaylorBTC1M]

most underrated & overlooked is the Ink Biz Premier... not the CIBP

[@SpencerJohnsonOfficial]

For those on team cashback I agree! But for those on team travel, that card isn’t as valuable and is more appropriately rated than underrated I’d say. It just depends on the individual!

[@Solace_Kagenou]

The most underated chase card is the chase ink premier to be honest, you got to spend 10k fornthe 2m5% eevry year to break even

[@SpencerJohnsonOfficial]

The Chase Ink Premier is definitely an interesting one. It could be really solid for those on team cashback, but for those of us on team travel, not being able to combine those points with your other Chase UR points with Chase's transfer partners makes it a lot less optimal. Thanks for being here so early btw! 🥈

[@dfh3]

Awesome vid! Wrapping up the welcome bonus spend on my Chase Ink Cash then I’m planning on getting one more Biz card before I use up my last 5/24 slot on the Marriot Bonvoy Boundless. I want that Ritz!

[@soapa4279]

Love your content Spencer, but the CIP is not underrated lol Can't go a few comments without someone mentioning it on Reddit

[@SpencerJohnsonOfficial]

It all depends on where you look! There’s not a ton of content on YT about it, hence it being underrated here.

[@soapa4279]

@@SpencerJohnsonOfficial Trueee. Congrats on it though, 120K UR points. Good lawd.

[@JacobsPointsAndProfit]

You're going to love this card. Having a huge amount of Chase points hit your account after the minimum spend is a great feeling

[@SpencerJohnsonOfficial]

I sure hope so! I could see it being one that sticks around a bit longer depending on how much use I get out of it this year.

[@SOXGATORS]

😊

[@SpencerJohnsonOfficial]

Dang dude, no mercy! 👑

[@jrome1135]

I just can't sign up to spend that much. The 8k is just too high for me. Even 6k would require a bit of ms for me, and i feel like buying thousands in vgcs with a brand new account is just begging to get shut down. My existing cic is well seasoned (usually buy about 1-2k per month at od/om), but i doubt that would factor in when talking about a new acct

[@dfh3]

Awesome vid! Wrapping up the welcome bonus spend on my Chase Ink Cash then I’m planning on getting one more Biz card before I use up my last 5/24 slot on the Marriot Bonvoy Boundless. I want that Ritz!

[@SpencerJohnsonOfficial]

I’m glad you liked it!! Locking in a couple more Ink card offers is a great idea. I can’t pass em up!