Author Topic: Chase ink plus 5k threshold easy MS  (Read 22142 times)

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8075
  • Total likes: 212
  • DansDeals.com Hat Tips 13
    • View Profile
Chase ink plus 5k threshold easy MS
« on: June 08, 2015, 12:55:17 AM »
LMCU (Lake Michigan Credit Union) has a 3% promotional APY for their Max Checking account. I just got an ink plus, and am considering using this, being as they allow up to $10,000 initial credit card funding. I am sure many have looked up this alley, or similar to it, but don't see anything. Am I missing something important? In a slightly related tangent, how do people generally fulfill direct deposit requirements? Does Serve or Paypal qualify? Anyone know the rundown on ACH (Automated Clearing House) payments through Chase? (I'm pretty new to this, but the one impression I got is that manufactured spending tends not to be easy. That's why I'm nervous.)
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14295
  • Total likes: 376
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: Chase ink plus 5k threshold easy MS
« Reply #1 on: June 08, 2015, 03:09:05 AM »
LMCU (Lake Michigan Credit Union) has a 3% promotional APY for their Max Checking account. I just got an ink plus, and am considering using this, being as they allow up to $10,000 initial credit card funding. I am sure many have looked up this alley, or similar to it, but don't see anything. Am I missing something important?
Welcome to the forums.
This concept exists and is used by many, just need to find a bank that lets you. Make sure they don't do a hard pull

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8075
  • Total likes: 212
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #2 on: June 08, 2015, 03:26:33 AM »
They do a hard pull, but it's worth it for me. Is a hard pull from a bank worse than from a cc application? Three percent APY is worth a pull, IMO.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14295
  • Total likes: 376
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: Chase ink plus 5k threshold easy MS
« Reply #3 on: June 08, 2015, 03:40:23 AM »
They do a hard pull, but it's worth it for me. Is a hard pull from a bank worse than from a cc application? Three percent APY is worth a pull, IMO.
i value hard pulls at $1000

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8075
  • Total likes: 212
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #4 on: June 08, 2015, 04:10:50 AM »
$1000?!? You would give up a thousand dollars to avoid a hard pull?!? Every cc application its worth less than that, a bigger pain, and generally accepted to be worth it. (Besides for 3bm to avoid pull, but that's just to get triple approved, and Dan's chiddush.)
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14295
  • Total likes: 376
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: Chase ink plus 5k threshold easy MS
« Reply #5 on: June 08, 2015, 04:16:26 AM »
$1000?!? You would give up a thousand dollars to avoid a hard pull?!? Every cc application its worth less than that, a bigger pain, and generally accepted to be worth it. (Besides for 3bm to avoid pull, but that's just to get triple approved, and Dan's chiddush.)
I have never in the recent years gotten a hard pull without an $1000 gain.
I wouldn't give up $1000 to avoid a hard pull,I would find a way to make it worth at least that.

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8075
  • Total likes: 212
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #6 on: June 08, 2015, 04:41:20 AM »
How do you make $1000 off a hard pull? Which cc bonus offers that much just for the pull, besides for the spending thresholds and associated inconvenience?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline sammy n

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Apr 2013
  • Posts: 2813
  • Total likes: 21
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #7 on: June 08, 2015, 04:51:42 AM »
How do you make $1000 off a hard pull? Which cc bonus offers that much just for the pull, besides for the spending thresholds and associated inconvenience?
Why are you assuming it's only 1 cc?

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14295
  • Total likes: 376
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: Chase ink plus 5k threshold easy MS
« Reply #8 on: June 08, 2015, 05:29:49 AM »
How do you make $1000 off a hard pull? Which cc bonus offers that much just for the pull, besides for the spending thresholds and associated inconvenience?
For example my latest was amex biz plat and BRG ( also threw in some others but they were gravy) and after the spend and everything posts I will hopefully have 345,000 MR plus all the statement credits which is a total value to me of at least $5950, so just slightly more than $1000

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #9 on: June 08, 2015, 08:11:31 AM »
Which cc bonus offers that much just for the pull, besides for the spending thresholds and associated inconvenience?
Several

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #10 on: June 08, 2015, 08:24:59 AM »
LMCU (Lake Michigan Credit Union) has a 3% promotional APY for their Max Checking account.
Some things are better to not discuss on public forums.
I just found a new supply of forks!

Offline username

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jul 2008
  • Posts: 4530
  • Total likes: 602
  • DansDeals.com Hat Tips 14
  • Gender: Male
    • View Profile
  • Location: C Heights
  • Programs: ┌──────────────────┐ │───> Ữ₴ΣЯИΛΜӘ <─── │ └──────────────────┘
Re: Chase ink plus 5k threshold easy MS
« Reply #11 on: June 08, 2015, 08:50:13 AM »
Whatever you do, make sure that its coded as a purchase, not as a cash advance. Set your CA limit to $0.
^^^

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #12 on: June 08, 2015, 09:00:26 AM »
Whatever you do, make sure that its coded as a purchase, not as a cash advance. Set your CA limit to $0.
This does not always work. Some will show a temp charge as a CA but will post as a purchase. Setting CA to zero will get the charge denied. Also I have seen in rare cases a charge still post as CA with the CA set to zero.
I just found a new supply of forks!

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #13 on: June 08, 2015, 09:04:19 AM »
Also I have seen in rare cases a charge still post as CA with the CA set to zero.
With chase ?

Offline Adam101

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1877
  • Total likes: 4
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #14 on: June 08, 2015, 09:05:52 AM »
Why is this only restricted to ink plus? 

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #15 on: June 08, 2015, 09:08:48 AM »
Why is this only restricted to ink plus? 
Because
I just got an ink plus, and am considering using this

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #16 on: June 08, 2015, 09:11:12 AM »
With chase ?
Citi is one of them but not sure with Chase. Just remember like going over your stated CL the same can happen for your stated CA CL.
I just found a new supply of forks!

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #17 on: June 08, 2015, 09:12:46 AM »
Citi is one of them but not sure with Chase. Just remember like going over your stated CL the same can happen for your stated CA CL.
That's good to know

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #18 on: June 08, 2015, 09:19:29 AM »
That's good to know
Remember I said on rare occasions. I would be aware of it in case it happens but not worried about it.
I just found a new supply of forks!

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Chase ink plus 5k threshold easy MS
« Reply #19 on: June 08, 2015, 09:23:32 AM »
Remember I said on rare occasions. I would be aware of it in case it happens but not worried about it.
I hear. Thanks