Update 2021.12A: Can you transfer points to affiliates using other UR cards, TPG Made an update that says you can transfer UR points to this card but you can not transfer them out, so you will not be able to transfer UR points accrued on this card to affiliates in any way. It remains to be seen if this is really the case when there are data points. If this is true, then this card is useless.
Update 2021.12: This is a new card, and currently only available at the branch. It is said that the online application will be ready in early 2022. HereThis is the link to an introductory page (not an application link). H / T: reddit, TPG.
Application link
Benefits
- Offer 100,000: Earn 100,000 Ultimate Rewards (UR) points after spending $ 10,000 in the first three months of card membership.
- We estimate that Ultimate Rewards (UR) points are worth about 1.6 cents per point, see below for a brief introduction. So the highest sign-up bonus at 100,000 can be worth about $ 1,600!
- Earn 2.5 times UR points on purchases of $ 5,000 or more. Earn 5 times UR points when traveling through the UR portal.
- Earn unlimited UR for every $ 1 spent on all other purchases.
- Home insurance for car rental. However, unless you can prove you are traveling for business purposes (which you will be required to do in the event of a claim), you would be better off using the main car rental insurance with Chase Sapphire Preferred or Chase Sapphire Reserve.
- Cell phone protection. The details are still unclear.
- This is a debit card, which means that there is no pre-defined credit line but you have to pay the full amount every month.
- Refer a Friend: You can earn 20,000 UR Bonus Points for each approved account you refer, up to a maximum of 100,000 UR points per calendar year.
- No foreign transaction fee.
Disadvantages
- Annual fee of $ 195, not paid in the first year.
- You can not transfer UR points to affiliates with this card, so you need other cards like CSP or Ink Preferred to make the transfers.
Introduction to UR points
- You can earn UR points with Chase Freedom Student, Chase Freedom, Chase Freedom Unlimited (CFU), Chase Sapphire Preferred (CSP), Chase Sapphire Reserve (CSR), Chase Ink Cash (Business), Chase Ink Unlimited (Business), Chase Ink Preferred (business) etc.
- You can transfer your UR points from one UR card to another at any time.
- UR points never expire. You will lose the UR points on one card if you close the account, but you can prevent losing your UR points by transferring the points to another UR card in advance.
- If you have Chase Sapphire Preferred (CSP), Chase Sapphire Reserve (CSR), or Chase Ink Preferred (Business), you can transfer UR points to several points at the hotel. One of the best ways to use UR points is to transfer 1: 1 to Hyatt points. You can also transfer UR points to several airline miles. One of the most common and best ways to use UR points is to transfer them 1: 1 to United Airlines (UA) (Star Alliance) emails, and combine them with UA emails earned from a UA card. Other good options are: Southwest (WN) (Non-alliance), British Airways (BA) (Oneworld), Virgin Atlantic (VS) (Non-alliance) etc. If you use UR points in this way, the value is about 1.6 cents per point.
- If you have a Chase Sapphire Reserve (CSR), you can redeem your UR points at a fixed rate of 1.5 cents per point for airline tickets or hotels in UR Travel Portal; If you have Chase Sapphire Preferred (CSP) or Chase Ink Preferred (Business), you can redeem your UR at a fixed rate of 1.25 cents per point for airline tickets or hotels in UR Travel Portal.
- If you have one of the UR cards, you can redeem your UR points at a fixed rate of 1 cent per point in cash.
- In summary, we estimate that UR points are worth about 1.6 cents per point.
- For more information on UR points, see Maximizing Credit Card Point Values (Overview), and Introduction to UR: How to Earn and Introduction to UR: How to Use (Highly Detailed).
Recommended application time
- [5/24 Rule] If you have 5 or more new accounts opened in the last 24 months, Chase will not approve your card request, no matter how high your credit score is. The number of new accounts includes all credit card accounts, not just Chase accounts. See this post for details on how to circumvent this rule.
You are not eligible for this sign-up bonus if you received a sign-up bonus on this card within 24 months. Please note that this 24-month clock starts when you last received your sign-up bonus, not from the time you open or close your account.[Correction] There is no such rule for the Chase Ink series!- Do not apply for more than one Chase Business Credit Card within 30 days, it is very likely that you will receive a rejection.
- We recommend applying for this card after you have had a credit history for more than a year.
Summary
The sign-up bonus is very generous, so it’s definitely worth applying if under 24/5. 2x UR points for everything and 2.5x UR points for purchases of $ 5,000 or more Welfare ability is very strong, and the cost is an expensive annual fee of $ 195 compared to cards without an annual fee CFU / Ink Unlimited with earnings of 1.5x UR ability. So this card is suitable for those who can easily spend at least $ 40,000 a year.
Can you transfer points to affiliates using other UR cards, TPG Made an update that says you can transfer UR points to this card but you can not transfer them out, so you will not be able to transfer UR points accrued on this card to affiliates in any way. It remains to be seen if this is really the case when there are data points. If this is true, then this card is useless.
