I reminded you about the Chase Sapphire Reserve sign-up bonus dropping to 50,000 Chase Ultimate Rewards points for in-branch applications on March 12, 2017.
And we now know that Chase will also no longer waive the $95 annual fee on in-branch applications for the Ink Business Preferred℠ Credit Card card after March 12, 2017.
I’ll remind you why the Chase Ink Business Preferred is still worth applying for!
Chase Ink Business Preferred Annual Fee No Longer Waived
When you open the Chase Ink Business Preferred card, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.
Until now, the card has come with a $95 annual fee, waived the first year to folks who apply in-branch. But that option is going away this Sunday! On March 12, 2017, Chase will no longer waive the Ink Business Preferred annual fee.
Is the Card Still Worth It?
I like when banks waive a credit card’s annual fee the first year, because it lets us try out the card’s benefits for ~11 months, risk free, to decide if it will be worth the annual fee later.
Even though you’ll have to pay the Ink Business Preferred annual fee up front, it’s still worth considering. That’s because its sign-up bonus of 80,000 Chase Ultimate Rewards points is worth at least $1,000 when you redeem your points for travel through the Chase Ultimate Rewards portal. And more if you transfer them to valuable travel partners!
For example, you can transfer 30,000 points to United Airlines for a free one-way award flight from anywhere in the US to anywhere in Europe. Or you can transfer your points to Hyatt for free nights at expensive hotels.
You’ll also get:
- 3X Chase Ultimate Rewards points for every $1 you spend on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year)
- 1X Chase Ultimate Rewards points on all other purchases
- Up to $600 in cell phone insurance when you pay your cell phone bill with the card
- 25% bonus when you redeem points through the Chase Ultimate Rewards travel portal
- Primary auto rental insurance (CDW) when renting for business purposes, plus purchase and extended warranty protection
If you want to apply for the card with the annual fee waived the first year, you have only a few days left!
And remember, some Chase branches are closed on the weekends. Chase branches that ARE open on Sunday are usually located in grocery stores. So if you plan to apply, try to get to a branch today or tomorrow!
Note: The Ink Business Preferred falls under Chase’s tougher application rules. So if you’ve opened 5+ cards from any bank in the past 24 months (except certain business cards), you likely won’t be approved for the card.
If you don’t qualify, consider The Business Platinum® Card from American Express OPEN. You can read my full review of the card here.
Starting March 12, 2017, Chase will no longer waive the Ink Business Preferred‘s $95 annual fee the first year when you apply in-branch.
So if you want to try out the card free the first year to decide if the benefits are worth the fee, try to visit a Chase branch today or tomorrow! Because not all Chase branches are open on the weekends.
Will you be heading to a Chase branch before March 12, 2017?