Is The Ink Preferred FINALLY Worth It? (New Offer)

[@SpencerJohnsonOfficial]

EDIT: There's a 24 month rule when going for the welcome bonus on this card under the same business. While you can get multiple bonuses in a year under different businesses, if you only have one, it appears you need to wait 24 months between applications. If after watching this you’re planning on applying for this card, please consider using my link to support the channel at no additional cost to you: spencerjohnsonofficial.com/inkpreferred ⏪ If you’re not quite ready for an annual fee business card, watch this video next to see my apply for the free Chase Ink Cash with my SSN: kzbin.info/www/bejne/q4i7equaj76nqaM 🎥 What are your opinions on the Chase Ink Preferred? Does this new bonus make you want to add it to your setup? 👇🏼

[@JacobsPointsAndProfit]

Great video and I'm highly considering applying. One note, while it's true the Ink cards don't state in the welcome offer details that there's a 24 month rule or 48 month rule between bonuses, at the very bottom of the application for all the Ink cards, it states that the welcome offer can only be earned if you don't hold this card and have not received a bonus on this card in the last 24 months. Thought I say something because I've seen a lot of people and a lot of blog posts without this information.

[@JacobsPointsAndProfit]

@Ttapbiotowtsapme Nah I'm good

[@SpencerJohnsonOfficial]

Thanks so much for brining that up! I hadn't seen that in the CIP application or in any blogs or videos about this card so that's super interesting. I'll have to look into it more. Thanks for the heads up!

[@SpencerJohnsonOfficial]

Hahah I reported that guy...

[@evanlanier]

Been eyeing this one after getting ink U and ink Cash and travel often. Glad they dropped the min spend, used my P2 referral link and approved. 140k ur pts for 8k spend is awesome!

[@SpencerJohnsonOfficial]

That's awesome man, congrats!!

[@CesarJoel]

I think that the Ink Preferred is better than the CSP and one of the best Chase cards! Great time to apply if you can meet the minimum spend requirement with your regular or planned spend. Thanks for the great video and information Spencer! 10k LIVE soon? 💪

[@SpencerJohnsonOfficial]

Love to hear that!! And yeah man, I sure hope we'll have that 10k live soon! We may have to do another one before then just so I can catch up with everyone though.

[@AhmadKhwajazada]

Congrats on 8k subs‼️🎉

[@SpencerJohnsonOfficial]

Haha close enough!! 🥉

[@JuanGarcia-hr1wf]

Great video Spencer. Watch Business Banter with you and Mark. Applied for CIP knowing I was over 5/24, but no such luck.

[@SpencerJohnsonOfficial]

Thanks so much for the support on both my channels! And I'm sorry to hear you weren't able to get through. Hopefully you'll be good to get it when you drop under 5/24!

[@JoshGiebel]

Great breakdown of the Ink Preferred, Spencer! Maybe one day I’ll apply for a biz card. For whatever reason it’s that one thing I’ve avoided in the credit card game 😅

[@SpencerJohnsonOfficial]

Thank you! Once you go for one, I bet you'll add a bunch more.

[@mattcvideo9407]

Nice video as always. I have an unrelated credit card question... Do you know if it's possible to get the Venture card, then get the Venture X card 6 months later to get the welcome offers for both? If so would you recommend doing this? I already have the savor one.

[@SpencerJohnsonOfficial]

Thank you so much! I know Cap1 technically has a limit of 2 cards that you can hold with them at a time, but that's not always enforced. If you can get the bonuses on all 3 cards then that's definitely not a bad idea. I would just add whichever one you'd like to keep long term first though between those two in case they do limit you on that 3rd card.

[@MattWelterOfficial]

Great video here Spencer! Like you said, the Ink Preferred is one of the most under appreciated Chase Cards for sure, and with those changes to the welcome bonus, 100K points is much more accessible with the lower spend requirement! Like you said, 100K Chase Points can be insanely valuable simply because I think Chase has the best travel partners & ecosystem out of any issuer out there. I really like that 3x on Travel category as well, since I do prefer airbnb's most of the time when I travel.

[@SpencerJohnsonOfficial]

Thank you Matt! I definitely think this bonus has helped put this card on the map in a good way. I'm glad you enjoyed this one man!

[@SALFXEF]

If you have a ink preferred and freedom unlimited what other chase business card would you add? Cash/ unlimited?

[@ItsMeCJ]

This was a very thorough breakdown. This card could be worth it now with that nearly 50% cut in min spend requirement. You also mentioned the one thing I don’t like about the CIC and that’s the lack of cellphone protection. Granted, my iPhone is about five years old now anyway, so it really doesn’t matter too much 😂😂. I’m tapped out for now on new cc applications since I’m working on the min spend for the Hilton honors business, and my Amex gold will be up for that retention offer request soon, but I’m not sure I want to push Amex for more points right now 🥶.

[@SpencerJohnsonOfficial]

Thanks man! I wish they'd add the cellphone protection to the Ink Cash, but I doubt that would ever happen while that protection is available on the Preferred instead. I'm excited to see what cards you add next though!!

[@jimmyjames6492]

Ink Pref is a great CC! Thanks for the info + video!

[@SpencerJohnsonOfficial]

Absolutely! I think it’s one more people should be getting value from.

[@calinmereu8725]

What the heck was that at 12:28 😂😂😂 nice video 👍🏻

[@SpencerJohnsonOfficial]

Idk if you mean the fact that you can get hundreds of thousands of points from this card every year, but yeah, it's pretty wild!!

[@ItsMeCJ]

That’s his dog, Odin 😂

[@412foto]

great video. clearly explained and good insights

[@SpencerJohnsonOfficial]

Thanks so much!

[@OfficialEricGao]

Great video Spencer! Wonder if anyone has farmed up Ink Preferred’s!

[@SpencerJohnsonOfficial]

Thanks Eric! I'd be interested to hear about that for sure.

[@MikeMaye]

The welcome offer bonus points is definitely clutch. I feel $8k is still kinda high, but can be attainable if you actually have real spend to put on the card. Great breakdown and very informative as always 💥

[@SpencerJohnsonOfficial]

For a high spender, this one would be no problem! For me? It's a bit too hard to swing right now. Thanks for watching as always!

[@CrazyAboutCandles]

Did you say you had a podcast on one of your older videos?

[@SpencerJohnsonOfficial]

Correct! It's linked on my home page but it's called Business Banter. I do it with Mark Plymale. I also have an ongoing podcast on this channel called Creator Conversations if that's what you're referring to.

[@CrazyAboutCandles]

@@SpencerJohnsonOfficial ok thank you! Just subbed

[@SpencerJohnsonOfficial]

Thank you for your support!

[@edbailey9677]

Great video as always Spencer! Congratulations on 8k subs!👏🏽😎

[@SpencerJohnsonOfficial]

Thank you so much Ed! You're the man!

[@OfficialChadsMoneyMinutes]

I definitely prefer and get more value out of this card than my CSP, and using it for my cell phone definitely tops the cibc because the $1000 outweighs the 2x that you are missing out on.

[@SpencerJohnsonOfficial]

Good to know! I know a lot of people really love this card and I'm glad to hear you do too!

[@MattMcGrathOfficial]

Hello! New member here. Excited to learn. I am close to applying for the CIP for that 100,000 SUB. I currently have the VX I opened last month and the Hilton Surpass I got last week as we do a lot of travel staying at Hilton properties. My wife and I have a large spend coming up and thought this 8K lowered spend would be ideal for that expense. My wife and I both have Freedom cards with minimal CR points. Thoughts on applying for the CIP this soon?

[@SpencerJohnsonOfficial]

The CIP is a great card to add if you can hit that lower spending requirement naturally. 100k Chase points are extremely valuable to me, particularly for Hyatt stats, and since you can transfer out to travel partners with this card, it makes it a solid pickup for travel purposes!

[@LK_EBM]

What type of proof is needed when filing an insurance claim (phone, car rental, flight) If you're using this business card for personal use?

[@SpencerJohnsonOfficial]

Good question! I'm not 100% sure to be honest. I imagine they do not confront you asking if your phone was used for ONLY business use before approving your claim, but I could be wrong.

[@mordymitrani4187]

I thought the Biz cards were not under 5/24?

[@SpencerJohnsonOfficial]

You generally have to be under 5/24 to get the Ink cards but they won't add to your 5/24 count if you're approved.

[@FirstLast-bn6nl]

Spencer, Thank you so much for this channel and your advice. Since February, I acquired Chase Freedom Unlimited, Flex, Sapphire Preferred and Ink Unlimited cards and completed the bonuses. I consolidated the points to Sapphire and need help. Should I use the Sapphire exclusively as it has a 10% anniversary bonus? I'm also sure to cancel the Ink, but when and how should I do this?

[@SpencerJohnsonOfficial]

Thanks for the support! I don't personally spend much on my Sapphire Preferred... just enough to keep it active in Chase's eyes with a couple subscriptions. I mainly use the CSP to transfer out to travel partners. But for your case, I'd recommend using each card for what it earns the highest in so you can use all of your Chase cards in the most optimal way.

[@FirstLast-bn6nl]

@@SpencerJohnsonOfficial Thank you so much!

[@jayw8782]

​@SpencerJohnsonOfficial what's your most used card(s) then?

[@FirstLast-bn6nl]

@@jayw8782 actually the Freedom or Ink as they have 1.5% flat returns and the others just a 1%. The Flex is just for rotating 5% categories and the Sapphire for food/travel (anything it has 3% on).

[@vickiarnold7300]

I enjoy watching you on KZbin ❤

[@SpencerJohnsonOfficial]

Thank you so much!

[@orliriocorrales3160]

Can you compare this card to the Chase Sapphire preferred? I keep thinking of the Chase Sapphire preferred is better since you could upgraded to the reserve later.

[@themagoofiles5985]

Applied for the Ink Unlimited today as a sole prop. Went to review. Opened a chase checking acct 2 months ago and have $15k+ on deposit for the new acct bonus. Really surprised the CC went to review. 1st business CC. Am I out of luck? Any though or advice at this point? I am at 4/24.

[@ricma507]

Hey spencer and cc community , I have a pre approval offer on Amex plat for 125 k on $6k spend but on resy Amex offers 100 k for $6k spend and 10x on restaurants on max $25k for 6 months. Which one do you think is better ?

[@SpencerJohnsonOfficial]

Hey! If you’re gonna spend more than $2.5k on dining in the first 6 months, then the Resy offer would be better. There are also 150k offers floating around here and there so maybe try to get one of those first!

[@fogrunr5075]

What do you think about T-Mobile recently removing the $5 auto-pay discount for people who use credit card payment, but giving the $5 auto-pay discount to people who use debit or checking?

[@SpencerJohnsonOfficial]

I hadn't heard of that, but I think it makes sense on their end. When people use credit cards, companies lose money on transaction fees, but that is much less so the case with debit cards and bank accounts.

[@skylerssupercarlife348]

What's the no annual fee downgrade path, and when is the earliest I should consider doing so?

[@skylerssupercarlife348]

I see you recommend downgrading to one of the no annual ink cards in year 2. Now, should I call them to do so before the end of my year one to ensure I'm not repaying my annual fee?

[@headlibrarian1996]

If you’re going to churn Ink Preferred cards what does Chase think of cancelling and reapplying? I really only have use for at most one of any of the Ink cards, especially the Preferred with its annual fee, so I’m thinking of churning it on an annual basis. Indeed, doing that to all 3 switching every 4 months which card is being churned, while not churning any one card more often than once per year.

[@verychinnyapga1599]

I try to use my Chase Ink business card to pay my rent via Venmo but didn't go through. Is it something you can help me with?

[@SpencerJohnsonOfficial]

I'm not able to tell you exactly why that happened, but that may just be something Venmo doesn't allow through credit cards.

[@juanmeowmix1530]

Congrats on the 8K. The only way is up!

[@SpencerJohnsonOfficial]

Thanks so much Juan!

[@412foto]

have 1 Ink card before I hit 5/24. Wish I would have known more at the time and prioritized the Ink cards earlier on before hitting 5/24. Now I have to wait like a year to be under if I can resist getting additional cards between now and then

[@SpencerJohnsonOfficial]

Yeah I know what you mean! I'll be back under 5/24 in a month and a half or so, and I plan to try to add more Ink cards at that point unless something else comes up.

[@412foto]

@@SpencerJohnsonOfficial I have till Aug 2023. I don't think I will last that long! LOL

[@msilverhammer]

$8K is still lots of spend! Reward categories are just mediocre! Also, unlike the InkCash or Unlimited, no 0% offer for the first year. Better off to get the Cash and Unlimited, and receive 140K in Chase UR points, plus 25% or 35K more in points when using CSP!

[@SpencerJohnsonOfficial]

Still a lot of spend! I say why not get all of them though? The more points the better 🤷🏼‍♂️

[@KrempelK]

What kind of Credit Limits are people getting with this welcome offer? I have an $8000 purchase to meet the welcome offer but it would be useless if they give me a credit limit lower than that.

[@SpencerJohnsonOfficial]

I’m not exactly sure. Maybe someone will leave some data points! It heavily depends on your income and previous credit history, but since this is a Visa signature card, you should get at least a $5k limit.

[@jayw8782]

I've seen it mentioned on card blogs that you won't get less than 5-7k on the Preferred card.

[@Hamsong]

I just got this card myself for my LLC a few days ago, thanks to the new SUB terms. I was surprised that the Ink Cash has 5x on internet/cable/phone on a free card while the Ink Preferred only has 3x with $95 fee, though the cell phone insurance is nice. If those terms would switch, this would be a lot more valuable.

[@SpencerJohnsonOfficial]

Congrats on the new card! It's definitely a weird thing to step down the rewards on a higher annual fee card, but I see why they do it. The insurance is more important to me than the extra 2x back though so if I had both cards, I'd do my phone bills on the CIP and internet and cable on the CIC.

[@Ritchie_The_CEO]

Best halftime show this season. Just about a half minute too long. 😂

[@Ritchie_The_CEO]

Just realized I left the comment on the wrong video. Oh well. I’m leaving it for posterity.

[@michaelkim2147]

this card replaced my sapphire preferred because 3x>2x travel for the same AF.

[@pablodejesus1373]

Hi spencer😀😃🤩

[@SpencerJohnsonOfficial]

Hey Pablo!! 👋🏼

[@pablodejesus1373]

@@SpencerJohnsonOfficial thank you spencer😀😃🤩

[@SpencerChewitt]

Dang! You guys are so fast to comment every time! 4th I guess!

[@SpencerJohnsonOfficial]

Don't ask me how they do it lol... thanks for being here early!

[@SOXGATORS]

👍🏻

[@MPG2014]

Top 5

[@SpencerJohnsonOfficial]

Nice work!

[@TheCreditFrog]

First

[@SpencerJohnsonOfficial]

Idk how CJ did it... he's a magician 🥈

[@caribdude8151]

Yes Sir! 👍

[@SpencerJohnsonOfficial]

Thanks for watching!

[@ItsMeCJ]

First!

[@TheCreditFrog]

😡

[@SpencerJohnsonOfficial]

Wow look at that! 👑

[@ItsMeCJ]

@@TheCreditFrogif you had the rose gold card, you might have been first! #justsaying

[@MattClausen]

#DownWith524

[@SpencerJohnsonOfficial]

😂🤣

[@MattClausen]

@@SpencerJohnsonOfficial sorry, had to

[@The_Turd_Ferguson]

i get 5-8 cpp usually. 2 cpp are rookie numbers.

[@SpencerJohnsonOfficial]

It depends on what redemptions you're taking but I generally get 3-5 CPP super easily.

[@johnmckinstry6057]

To some people, I think the Ink Preferred is worth it. I even considered it at one point, but I think I will be getting the CSP instead, once I fall back under 5/24. Eventually, I would like to get the Ink Unlimited and/or the Ink Cash. The Ink Cash is especially appealing because of the 5% back on internet, which I can only get on the U.S. Bank Cash+. (Then, maybe I would be able to pick a different 5% category on the Cash+.) Honestly, I don’t think I would be able to hit the high spend requirement on the Ink Preferred, even at $8,000 in 3 months, for the SUB. However, for a lot of business owners, the Ink Preferred could definitely provide a nice completion of a Chase business card trifecta, with the Ink Cash and the Ink Unlimited. 😊

[@SpencerJohnsonOfficial]

Agreed! I don't think I could justify the spend on the CIP right now either, but I'm sure folks with a high spend could do so easily! I'm excited to hear what Ink cards you end up adding though.