Author Topic: New Chase Ink Premier  (Read 20858 times)

Offline 1avigrun

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Re: Rumored: New Chase Ink Premier
« Reply #80 on: December 14, 2021, 06:20:13 PM »
My banker just offered me this card with a $250k line of credit, and she said it could be used as points
Transfer to other cards?

Offline Dan

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Re: Rumored: New Chase Ink Premier
« Reply #81 on: December 14, 2021, 06:22:23 PM »
Spoke with Chase media rep.

-Card earns UR points.
-UR points can be transferred to Premier, but UR points can't be transferred from Premier. You would be nuts to transfer them here.
-No transfers to airlines. Redeem for cash back, travel, GCs at 1cpp.
-There is a credit line, but the card is designed for larger businesses with the hope they they will reinvest the cashback into the business.
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Offline 1avigrun

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Re: Rumored: New Chase Ink Premier
« Reply #82 on: December 14, 2021, 06:31:20 PM »
Spoke with Chase media rep.

-Card earns UR points.
-UR points can be transferred to Premier, but UR points can't be transferred from Premier. You would be nuts to transfer them here.
-No transfers to airlines. Redeem for cash back, travel, GCs at 1cpp.
-There is a credit line, but the card is designed for larger businesses with the hope they they will reinvest the cashback into the business.
thanks for that clarification not a plus to the fecta

Offline CountValentine

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Re: Rumored: New Chase Ink Premier
« Reply #83 on: December 14, 2021, 06:35:47 PM »
Spoke with Chase media rep.

-Card earns UR points.
-UR points can be transferred to Premier, but UR points can't be transferred from Premier. You would be nuts to transfer them here.
-No transfers to airlines. Redeem for cash back, travel, GCs at 1cpp.
-There is a credit line, but the card is designed for larger businesses with the hope they they will reinvest the cashback into the business.
CL disclosed or like Amex not disclosed most of the time?
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Offline Dan

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Re: Rumored: New Chase Ink Premier
« Reply #84 on: December 14, 2021, 06:43:25 PM »
CL disclosed or like Amex not disclosed most of the time?
Disclosed.
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Offline yaakov

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Re: Rumored: New Chase Ink Premier
« Reply #85 on: December 14, 2021, 06:51:50 PM »
if im spending on purchases over $5k = 2.5 why is it not better then the 1.5 points unlimited?

Offline Dan

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Re: Rumored: New Chase Ink Premier
« Reply #86 on: December 14, 2021, 06:54:50 PM »
if im spending on purchases over $5k = 2.5 why is it not better then the 1.5 points unlimited?
Because the 1.5 is transferrable to CSR, the 2.5 is not.
And 1.5 has no annual fee, while 2.5 has a $195 annual fee.
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Offline CountValentine

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Re: Rumored: New Chase Ink Premier
« Reply #87 on: December 14, 2021, 06:55:09 PM »
if im spending on purchases over $5k = 2.5 why is it not better then the 1.5 points unlimited?
It is.
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Offline CountValentine

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Re: Rumored: New Chase Ink Premier
« Reply #88 on: December 14, 2021, 06:56:09 PM »
Because the 1.5 is transferrable to CSR, the 2.5 is not.
Even if you value them at 1.5 it is still not as good.
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Offline Dan

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Re: Rumored: New Chase Ink Premier
« Reply #89 on: December 14, 2021, 06:56:47 PM »
Even if you value them at 1.5 it is still not as good.
See ETA.

And
If you value CFU spending at 2.25%, you'll need to spend $78,000 annually in $5K+ transactions to come out ahead.
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Offline mdv

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Re: Rumored: New Chase Ink Premier
« Reply #90 on: December 14, 2021, 07:00:09 PM »
I'd say it's a toss- up and depends how you use your points
On the one hand you have transfer to airline or hotels or get  cash back thru pay yourself back or for travel at 2.25% (1.5x1.5 thru CSR) and on the other hand you have slightly higher 2.5% much easier to cash out but no airlines/ hotel option
Sorry I don't have any snarky line for this space

Offline CountValentine

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Re: Rumored: New Chase Ink Premier
« Reply #91 on: December 14, 2021, 07:04:21 PM »
I am going guess this card will be added to the stable and not the only horse in the stable.
It is a no-brainer for SUB and anyone on the merry-go-round.
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Offline yelped

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Re: Rumored: New Chase Ink Premier
« Reply #92 on: December 14, 2021, 07:08:28 PM »
Spoke with Chase media rep.

-Card earns UR points.
-UR points can be transferred to Premier, but UR points can't be transferred from Premier. You would be nuts to transfer them here.
-No transfers to airlines. Redeem for cash back, travel, GCs at 1cpp.
-There is a credit line, but the card is designed for larger businesses with the hope they they will reinvest the cashback into the business.
Man. Why not just call it cashback and call it a day?

Offline Dan

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Re: Rumored: New Chase Ink Premier
« Reply #93 on: December 14, 2021, 07:10:35 PM »
Man. Why not just call it cashback and call it a day?
I wish they weren't marketing these as Ultimate Rewards points. Is their intention to confuse people? To change how UR points work? To get people to redeem for items at less than cashback value?
Very odd.
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Offline CountValentine

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Re: Rumored: New Chase Ink Premier
« Reply #94 on: December 14, 2021, 07:11:04 PM »
Man. Why not just call it cashback and call it a day?
CB has value and points don't.  ;)
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Offline 1avigrun

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Re: Rumored: New Chase Ink Premier
« Reply #95 on: December 14, 2021, 07:12:16 PM »
CB has value and points don't.  ;)
Even as cash back you can get more or equal from the other cards

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Re: Rumored: New Chase Ink Premier
« Reply #96 on: December 14, 2021, 07:13:36 PM »
Even as cash back you can get more or equal from the other cards
I am not disagreeing but has nothing to do with my response.
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Offline as2

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Re: Rumored: New Chase Ink Premier
« Reply #97 on: December 14, 2021, 07:13:58 PM »
Even as cash back you can get more or equal from the other cards
Equal, yes. More is a stretch. The CL is a huge plus here, as well as the uncapped 2% and the fact that it's a biz card that won't report to CB. Still meh overall, but could be worse.
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Offline 1avigrun

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Re: Rumored: New Chase Ink Premier
« Reply #98 on: December 14, 2021, 07:16:53 PM »
Equal, yes. More is a stretch. The CL is a huge plus here, as well as the uncapped 2% and the fact that it's a biz card that won't report to CB. Still meh overall, but could be worse.
1.5 from the ink unlimited and 5 from the ink cash on office transferred to CSR is worth 2.25 and 7.5 plus they are also biz and the ink unlimited is not capped

Offline as2

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Re: Rumored: New Chase Ink Premier
« Reply #99 on: December 14, 2021, 07:21:27 PM »
1.5 from the ink unlimited and 5 from the ink cash on office transferred to CSR is worth 2.25 and 7.5 plus they are also biz and the ink unlimited is not capped
Agreed. I'm specifically talking non bonus spend here, so it's IU vs this card. So it comes down to 2.25 (only when redeemed for travel) but with potential for more(transfer partners) but on a smaller CL, or higher CL and only 2% back. Also, the IU needs a premium card to achieve anything over 1.5% so it's not free. At the end of the day, I'll probably use my unlimited until I max it, then use this card to finish it up.
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