Chase To Launch New Business Credit Card ‘Chase Ink Business Premier’ [More Details]

Update 11/23/21: Ink Business Premier has been registered as a trademark seemingly confirming this rumor. Hat tip to Monkey Miles.

Update: Some additional information via Eoshuffer:

  • Metal card
  • Pay in full/pay over time features (similar to American Express charge cards)
  • No foreign transaction fees
  • Higher spending limits than current Chase Ink cards (unclear if this is for category bonuses or not)
  • Not possible to product change to this card or from this card to another card

Original post: There are a number of reliable rumors that Chase will be launching a new business credit card in the next month. Chase insider EosHuffer has indicated that this card is coming. It’s expected that the card will launch at the end of November or early December and might be called ‘Chase Ink Business Premier’ according to 10x Travel. The card will be aimed towards the premium market (possible Chase Sapphire Reserve counterpart).

Source: doctorofcredit.com

Credit Cards That Offer Priority Pass Memberships Compared – What Are The Differences?

Updated page for 2021, including the Capital One Venture X.

It’s becoming increasingly common for premium credit cards to offer priority pass lounge access. For those not familiar Priority Pass is a network of over 800 airport lounges. Reader Eric asked if we could create a post comparing the differences and we aim to please so here we are! Below is a list of credit cards that offer priority pass lounge access as a benefit, this is then followed by a comparison table.

Cards That Offer This Benefit

Comparison Table

  Free Access # Of Guests Authorized Users Mobile App Annual fee Restaurant Access
American Express Platinum Yes $27 per guest Yes (normally $175 for three additional cardholders) Yes Varies ($550 normally) No
Hilton Honors Ascend 10 free visits, then $27 per visit 32 per guest (can use the 10 free visits) No Yes $95.00 No
Hilton Honors Aspire Yes Two guests free No fee, but no access to Priority Pass lounges Yes $450 No
American Express Bonvoy Brilliant Yes $27 per guest No Yes $450 No
Business Hilton Honors 10 free visits, then $27 per visit $32 per guest (can use the 10 free visits) No Yes $95 No
Barclaycard Gold & Black Yes No limit Unknown ($195 for black & $295 for gold) ? $495, $995 Yes
Chase Ritz-Carlton Yes No limit* Yes (no fee) Yes $450.00 Yes
Chase Sapphire Reserve Yes Two guests free Yes ($75 per cardholder) Yes $550.00 Yes
City National Bank Visa Infinite Yes No limit* Yes, doesn’t have to be authorized^ Yes $400 Yes
Citi Prestige Yes Two guests or immediate family Yes ($50 per cardholder) Yes $350-$450 Yes
UBS Visa Infinite No None No ? $495 Yes
U.S. bank Altitude Reserve Four free visits for primary cardholder, four free for guests then $27 No limit* No Yes $400 Yes
Capital One Venture X Yes Two guests Yes Yes $395 Yes


This table contains four columns:

  • Free access: This is whether the primary cardholder receives free access or not.
  • # Of Guests: This includes the number of free guests you’re allowed to bring into lounges. You can bring in additional guests for a cost of $27 per person if you want to exceed these limits. Note some lounges also have a restriction on the total amount of guests you can bring in (this is also relevant to the Chase Sapphire Reserve)
  • Authorized users: This indicates whether authorized user cardholders also receive this benefit or not. Unless otherwise noted if they do receive this benefit it’s the same as the primary cardholder.

*Some lounges have a restriction on the total amount of guests you can bring in, this limit still applies to cards that have no hard limits on the amount of guests that can be brought in.

^This card lets you choose one other person to receive this benefit, they don’t have to be an authorized user.

Source: doctorofcredit.com

Credit score needed for the Chase Sapphire Reserve card

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. Terms apply to the offers listed on this page.

The Chase Sapphire Reserve® is the premium travel credit card offered by the popular credit card issuer. This card comes with a hefty $550 annual fee, but it more than makes up for it if you take advantage of its large sign-up bonus, rewards and other travel perks.

Given the impressive rewards available with the Chase Sapphire Reserve, it’s no surprise that it’s not available to just anyone. Chase requires a certain credit score along with other qualifications to be approved. Keep reading to learn what credit score you’ll need to get the Chase Sapphire Reserve card and how to boost your score to qualify.

What credit score do I need to get the Chase Sapphire Reserve card?

To qualify for the Chase Sapphire Reserve, you’ll need an excellent credit score. An excellent FICO score is considered anything 740 or higher.

But for this card, your credit score isn’t the only factor that Chase will consider. Chase has a well-known 5/24 rule that prevents someone from being approved for one of its cards if they have opened five or more credit cards within the past 24 months. Under the 5/24 rule, it doesn’t matter which issuer the card is from – any five credit cards will disqualify you.

In addition to your credit score and the 5/24 rule, Chase, like many issuers, generally considers your income and credit report data.

How can I improve my score to get this card?

The Chase Sapphire Reserve is one of the most popular luxury credit cards on the market. It offers some incredible rewards and travel perks that can more than make up for its large annual fee.

The bad news is it’s only available to borrowers with excellent credit. However, if you’ve been in the good credit range — meaning a score between 670 and 739 — you can take a few steps to boost your score up into the excellent range.

If you have a good credit score, it likely means you’re already doing a lot of things right for your credit. Below are a few additional strategies to help you boost your score a little higher.

Request a credit limit increase

Credit utilization is an important factor in determining your credit score. It makes up 30% of your FICO score, and it’s best to keep your utilization ratio below 30%.

One of the most effective ways to reduce your credit utilization is to increase the amount of credit available to you. With most credit card companies, you can request a credit limit increase in your online account or by calling the issuer.

Time your monthly payments

One of the best things you can do for your score is pay your full credit card balance each month. But if you’ve been making your payment on the due date each month, consider doing that a bit earlier.

Each month, credit card issuers report your card activity to the three credit bureaus. If your activity is reported before you’ve made your payment, then your credit report will show a balance, even if you don’t typically carry one past your due date. By paying your card off before your activity is reported to the credit bureaus, your credit report will show a lower balance and, therefore, lower credit utilization.

Become an authorized user

Becoming an authorized user on someone else’s credit score can provide a huge boost to your credit score. First, adding another credit card to your credit report increases the amount of credit available to you. And assuming there isn’t a large balance being carried on that card, you’ll see your credit utilization go down.

Another benefit of becoming an authorized user is that you’ll get credit for the payment history of that card. Assuming the primary cardholder has made all of their payments on time, those payments will benefit your credit score as well.

Monitor your credit regularly

Staying on top of your credit situation is critical when it comes to boosting your credit score. Monitoring your credit will alert you right away if anything appears on your credit report that shouldn’t be there. Many credit monitoring services also give you insight into your credit and show you what factors on your credit report may be holding your score down.

What if I have bad credit?

If you currently have bad credit or fair credit, then applying for the Chase Sapphire Reserve may not be the best choice for a while. Work on improving your credit with responsible credit use, and over time you’ll see your score climb up. While not a flashy travel card, the Capital One QuicksilverOne Cash Rewards Credit Card is a rewards card that you can typically qualify for with fair credit. You can use this or a similar card to build your credit history and score.

What can I do if Chase declines my application?

Even with a credit score above 740, you may still be denied the Chase Sapphire Reserve card. Luckily, Chase – like most major card issuers – has a reconsideration line, meaning you can call 1-888-270-2127  and ask the representative to take another look at your application.

But in some cases, it may simply be that your credit score isn’t high enough or you don’t meet one of Chase’s other requirements, such as the 5/24 rule. In that case, spend a bit more time improving your credit score to increase your chances of being approved the next time around.

Bottom line

As is the case with many premium credit cards, Chase requires an excellent credit score to qualify for the Chase Sapphire Reserve card. Given all the benefits the card comes with, it’s probably worth the effort. But if your credit score hasn’t reached 740 or higher yet, then you may need to take some additional steps to boost your score to ensure your application is approved.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Source: creditcards.com

Chase Sending Some Sapphire Reserve Cardholders Champagne & Luggage-Themed Thank You Package

Update 11/4/21: Champagne gift sets are also being sent out. Hat tip to reader Bruce

Chase is sending some travel-related items from Away to some of their Sapphire Reserve cardholders. It includes various Away branded items including a toiletry case and some travel items like a face mask, packing cubes, luggage tags, passport holder.

Reader the lounge lizard sent this in and a couple of friends just got this as well.

Source: doctorofcredit.com

Why the Chase Sapphire Reserve is the top card for booking rental cars – The Points Guy


Chase Sapphire Reserve: King of car rentals – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Redeem Chase Ultimate Rewards For Apple Products with up to 50% Bonus Value (11/1 – 11/30)

Update 11/1/21: Deal is back and valid 11/01/2021 – 11/30/2021

The Offer

Direct Link to offer (shows in the Ultimate Rewards login)

  • Chase released today a new redemption option of Ultimate Rewards points to get Apple merchandise through the Chase portal with bonus value of up to 50% more on the points.

The bonus is broken down as follows:

  • Sapphire Reserve: 50% bonus
  • Sapphire Preferred: 25% bonus
  • INK Preferred/Plus: 25% bonus
  • Freedom cards and the no-fee Sapphire card: 5% bonus (20% on Airpods)
  • Ink Cash/Unlimited: 5% bonus (20% on Airpods)

Instead of each point being worth 1 cent, it can now worth up to 1.5 cents. For example, if you buy a $600 Apple Watch through the Ultimate Rewards portal, it would typically cost 60,000 Ultimate Rewards points, but it’ll now cost just 40,000 points for Sapphire Reserve cardholders.

The Fine Print

  • Limited-Time Offer for Chase Sapphire Reserve cardmembers: From 10/15/2020 – 11/15/2020, each point you redeem for Apple merchandise in the Apple® Ultimate Rewards® Store is worth $0.0150, which means that 100 points equals $1.50 in redemption value. If you choose to use points and your Chase Sapphire Reserve credit card to pay for your purchase, your credit card will be charged the full remaining dollar amount. For example, if you choose to buy Apple merchandise at $120 at $1.50 redemption value and pay for half using points, you would use 4,000 points and your credit card would be billed $60.
  • Limited-Time Offer for Chase Freedom cardmembers: From 10/15/2020 – 11/15/2020, each point you redeem for AirPods in the Apple® Ultimate Rewards® Store is worth $0.0120, and each point you redeem for all other Apple merchandise in the Apple® Ultimate Rewards® Store is worth $0.0105 which means that 100 points equals $1.20 in redemption value towards AirPods and 100 points equals $1.05 in redemption value towards all other Apple merchandise. If you choose to use points and your Chase Freedom credit card to pay for your purchase, your credit card will be charged the full remaining dollar amount. For example, if you choose to buy Apple AirPods at $160 at $1.20 redemption value and pay for half using points, you would use 6,667 points and your credit card would be billed $80; if you choose to buy $120 Apple merchandise at $1.05 redemption value you would use 5,714 points and your credit card would be billed $60.
  • Readers report that iPhones don’t seem to be included.

Our Verdict

For most people, using the Pay Yourself Back feature will make more sense to get the same 1.5%/1.25% value assuming you have enough grocery/dining spend to use up your points on. But overall it’s still nice to have an additional option and could be useful for someone with an Apple purchase to make. It also could be a little bonus for Freedom cardholders to bump up their earnings by 5% or 20% for Airpod purchases or for INK cardholders who don’t have advertising expenses.

Source: doctorofcredit.com

5 reasons to upgrade from Chase Sapphire Preferred to Chase Sapphire Reserve – The Points Guy


Why you should upgrade your Chase Sapphire Preferred to a Chase Sapphire Reserve – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

New perks the Chase Sapphire Reserve should offer to stay competitive – The Points Guy


New perks the Chase Sapphire Reserve should offer to stay competitive – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

How to maximize earning with the Chase Sapphire Reserve – The Points Guy


How to maximize earning with the Chase Sapphire Reserve – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com