I have all the Amex cards and Chase Business what is my next card to add? Capital One is no good because they report to personal. I do have the US Bank Triple Cash Already
Great big thanks for this and other content! In the past 6 months since I first learned of point/miles, ive been spending countless hours in youtube rabbit holes. On this video for the first time i heard my industry mentioned (trucking business). I cringe to think of the $10,000,000.00 ive paid out in the past 30 plus years without earning any points. Now im downsized alot but currently do around $120,000 a year in expenses that can fall into decent earn categories. So cheers to you and other creators for making this information available to myself and others in the high margin business arena.
Credit card points are getting devalued left and right. I see its going to be the trend for the next few years. Can you make more videos on redemption side of things too. Most videos are focusing on earning side of things than spending points. Thanks sebby.. Appreciate your content as always
I’m a ski bum in the winter, so I’m doing a two player mode on the Wells Fargo Choice Hotel Cards this month. With the 30,000 points annual bonus, that’s 1 to 3 1/2 nights for 95 bucks. It’s not Hilton, Hyatt, or Marriott-but if you do your homework, you can find some decent hotels to stay at in ski towns.
I think Hilton/Bonvoy are tough, unless you're looking at expensive options (think St. Regis Deer Valley). Hyatt has some interesting use cases. We ended up doing a night about 2 streets down from the Waldorf Astoria Park City. Nothing fancy but did the job when we couldn't snag an extra WA night!
Providing another data point: I recently started a sole proprietorship freelancing as a data scientist. I applied for the CIU, got rejected, took the 5 point hit to my credit score for the inquiry. Called the recon line the next morning to ask what happened, and 5/24 was the first reason given. The other reason given was that I don't have a history of business deposits with Chase, so I guess starting a business checking account with them could help in the future.
💳 found a phone number to Amex business division on doctor of credit to call in an have them add a $500 SUP for the Amex Blue Cash business card that seems to otherwise only have been with targeted offers so went with that the other day. Will probably go for a U.S Bank next Did you make a video on those? Like that you did a separate channel for business cards 🙌
@@AskSebbyBusiness it’s okay, be the dp you wanna see right? same thing happened to me in march when people at or over 5/24 were getting approved for chase biz cards.
💳 hey Sebby! How long do you recommend to wait before applying both $0 Ink Business cards? I was recently approved for one of them and would like to get the other asap.
How recent were those data points? I tried getting the chase ink unlimited but was declined due to 5/24 (csr even confirmed it when i called the reconsideration line),
Everyone keeps speculating on these new Citi Cards. I wonder if one of them will be a heavy hitter business card. That would be cool. Seems like people thing that the Premier will get renames but Citi should hit hard with a Business card.
I hope so! It doesn't sound like it though. I'm guessing they play the "Capital One" game = launch a compelling personal card and then make a business version. In that vein, I'm surprised that Chase never launched a "Sapphire Business" card. CIP fits the CSP mold pretty well. Ink Premier is more of a Capital One Spark Cash Plus equivalent.
💳 Planning to get the CIP next month, so the 3 month period can line up with my planned business expenses. I hope the offer sticks around until then. I'm expecting that they'll put a deadline with some notice before ending the offer. Question: is there any need to wait between Chase card applications, particularly if one is business and the other is personal? I'm thinking of getting the personal Hyatt card right after, which puts me at 5/24. I heard there's a limit of 2 Chase cards in a 30 day period, but I don't remember seeing anything about time between applications.
You’re watching Sebby’s business Channel - my biz spend on cards can cover the SUB in about 2 weeks. My personal spend would take most of the year to hit the sub.
What point earning business card do you recommend for a business that spends low seven figures a year on transactions that will qualify as every day purchases?
💳The Capital One personal venture x can add 4 AUs for free. What is the authorized user rules for business venture X? Does it get Priority pass benefits etc?
No fee to add employee cards. My understanding is that the business card does not offer employees PP cards in the same way as the personal. This might change so let me know if your experience is different (since that's a pretty big data point).
💳 I have the spark 2x card and the AF just posted. So I called C1 and they said there were no downgrade options currently available. So I then asked if they had a retention offer and they were able to credit me the $95 AF. So I guess I’m keeping the card for another year. Has this always been the case for C1? I thought downgrading their cards wasn’t an issue.
Capital One is... weird. Downgrades seem to be by person rather than global. i.e., some people are able to downgrade Savor to SavorOne. It's not an option for other accounts. Really annoying from a user perspective.
I wonder if having 2 personal Capital One Cards would make it harder to get approved for a business card because of the 2 card rule / guideline or if it doesn’t apply to business cards
Seb couple important points. Ink cash and unlimited have 0% Apr for first 12 months and there's a 40k referral for them. Sorry I don't know how to use emojis
@@dyhppyx use it for your every day purchase, and don't pay it off for 12 months. If you have a really high CL, use it to fund bank bonuses and pay taxes.
If you have natural business spend, then put it on spend that you want to float (and then pay yourself out for CD/savings). Otherwise, a lot of them will let you "cash" it out for 3%. Still a ~2% "arbitrage" but only makes sense with a sizeable credit limit. Also makes more sense if you're gardening (since approvals with Chase might be tougher). Other people are better off just opening up another Ink/cards.
💳 Sebby, (not holding you to it lol) BUT, do you think with a 740 credit score, 1 year business, and 1k income/yr would get me approved for a Chase biz card? Already have 5 chase personal cards. Thanks! (hoping you respond :))
$5k in projected income is probably the safe zone (and ideally $10k). AFAIK, projected is fine since they're still using your personal credit as the baseline for approvals.
You should be fine if you're under 10 personal cards on your personal report. Capital One business also has slightly different underwriting in my experience; less annoying than on the personal end but YMMV.
I may have asked already but.. If my SSN was used to apply for one of the Chase business cards about 4 years ago (got sign on bonus then), can I apply for the same chase business cc using same SSN and get the new sign on bonus as it's been about 48 months since I last received it. Thanks!
💳 Sebby's Business Card Picks: www.asksebby.com/business
💳 Chase Ink Unlimited: www.asksebby.com/go/ciu
💳 Chase Ink Cash: www.asksebby.com/go/cic
I appreciate you doing this channel us entrepreneurs
:)
I have all the Amex cards and Chase Business what is my next card to add? Capital One is no good because they report to personal. I do have the US Bank Triple Cash Already
Good choices for those who can meet the spend.
Great big thanks for this and other content! In the past 6 months since I first learned of point/miles, ive been spending countless hours in youtube rabbit holes. On this video for the first time i heard my industry mentioned (trucking business). I cringe to think of the $10,000,000.00 ive paid out in the past 30 plus years without earning any points. Now im downsized alot but currently do around $120,000 a year in expenses that can fall into decent earn categories. So cheers to you and other creators for making this information available to myself and others in the high margin business arena.
Good info Seby and it was good to see you in Vegas
Credit card points are getting devalued left and right. I see its going to be the trend for the next few years. Can you make more videos on redemption side of things too. Most videos are focusing on earning side of things than spending points. Thanks sebby.. Appreciate your content as always
Soon!
Thank you.. Redemption videos I am sure is tricky as big youtubers like you share it, that hotel gets booked out right away :) @@AskSebbyBusiness
Working on the CIP, 3 weeks and 900 left
Little error Says 10X on flights through capital one travel on screen though it was said correctly. Thanks for your videos!
Thanks for the heads up!
I’m a ski bum in the winter, so I’m doing a two player mode on the Wells Fargo Choice Hotel Cards this month. With the 30,000 points annual bonus, that’s 1 to 3 1/2 nights for 95 bucks. It’s not Hilton, Hyatt, or Marriott-but if you do your homework, you can find some decent hotels to stay at in ski towns.
I think Hilton/Bonvoy are tough, unless you're looking at expensive options (think St. Regis Deer Valley). Hyatt has some interesting use cases. We ended up doing a night about 2 streets down from the Waldorf Astoria Park City. Nothing fancy but did the job when we couldn't snag an extra WA night!
❤ thanks, for all the info..
💳 Recently got the triple cash! Deciding on what to use the $100 credit on
Providing another data point: I recently started a sole proprietorship freelancing as a data scientist. I applied for the CIU, got rejected, took the 5 point hit to my credit score for the inquiry. Called the recon line the next morning to ask what happened, and 5/24 was the first reason given. The other reason given was that I don't have a history of business deposits with Chase, so I guess starting a business checking account with them could help in the future.
Thanks for the data point!
💳 found a phone number to Amex business division on doctor of credit to call in an have them add a $500 SUP for the Amex Blue Cash business card that seems to otherwise only have been with targeted offers so went with that the other day.
Will probably go for a U.S Bank next
Did you make a video on those?
Like that you did a separate channel for business cards 🙌
Venture X Business only earns 5x on flights, not 10x like you mentioned in the video
"earn 5X on flights and 10X on hotels and rental cars. "
I decided to apply to a chase biz card after watching your video (im at 5/24) and I was denied so there’s a dp for you and chat
:( Thanks for the heads up!
@@AskSebbyBusiness it’s okay, be the dp you wanna see right? same thing happened to me in march when people at or over 5/24 were getting approved for chase biz cards.
💳 hey Sebby! How long do you recommend to wait before applying both $0 Ink Business cards? I was recently approved for one of them and would like to get the other asap.
Hi, which are the best business cards that are best mile/travel points?
How long is the chase ink offer available? I will be under 5/24 on October 1
Fingers crossed. No set end date but I think you should be fine :)
i see sebby, i click. working my on 9th ink in 2 years......90k+40k p2 referral
🔥🔥🔥
Wow.. thats some motivation for my 2nd Ink card. Does each ink has to be on diff business names?
This professional artist is working on a Chase Ink Business Cash. I think I got india ink on my Ink! 😁
💳
How recent were those data points? I tried getting the chase ink unlimited but was declined due to 5/24 (csr even confirmed it when i called the reconsideration line),
Same here. Ive seen several denials from people thinking they would overlook 5-24 on the ink promos
Chase just changed their bonuses for the business cards!
Everyone keeps speculating on these new Citi Cards. I wonder if one of them will be a heavy hitter business card. That would be cool. Seems like people thing that the Premier will get renames but Citi should hit hard with a Business card.
I hope so! It doesn't sound like it though. I'm guessing they play the "Capital One" game = launch a compelling personal card and then make a business version.
In that vein, I'm surprised that Chase never launched a "Sapphire Business" card. CIP fits the CSP mold pretty well.
Ink Premier is more of a Capital One Spark Cash Plus equivalent.
💳 Planning to get the CIP next month, so the 3 month period can line up with my planned business expenses. I hope the offer sticks around until then. I'm expecting that they'll put a deadline with some notice before ending the offer.
Question: is there any need to wait between Chase card applications, particularly if one is business and the other is personal? I'm thinking of getting the personal Hyatt card right after, which puts me at 5/24. I heard there's a limit of 2 Chase cards in a 30 day period, but I don't remember seeing anything about time between applications.
30k in 3 months is insane
You’re watching Sebby’s business Channel - my biz spend on cards can cover the SUB in about 2 weeks. My personal spend would take most of the year to hit the sub.
I think that's why a lot of people (without high spending businesses) avoid business cards. MSRs can be tough (if not impossible!).
any known ending times for the chase ink cards? 💳
What point earning business card do you recommend for a business that spends low seven figures a year on transactions that will qualify as every day purchases?
Either the Venture X Business or Ink Unlimited. If it's a select category, would look into other cards to maximize it.
💳The Capital One personal venture x can add 4 AUs for free. What is the authorized user rules for business venture X? Does it get Priority pass benefits etc?
No fee to add employee cards. My understanding is that the business card does not offer employees PP cards in the same way as the personal.
This might change so let me know if your experience is different (since that's a pretty big data point).
💳 I have the spark 2x card and the AF just posted. So I called C1 and they said there were no downgrade options currently available. So I then asked if they had a retention offer and they were able to credit me the $95 AF. So I guess I’m keeping the card for another year. Has this always been the case for C1? I thought downgrading their cards wasn’t an issue.
Capital One is... weird. Downgrades seem to be by person rather than global. i.e., some people are able to downgrade Savor to SavorOne. It's not an option for other accounts. Really annoying from a user perspective.
I wonder if having 2 personal Capital One Cards would make it harder to get approved for a business card because of the 2 card rule / guideline or if it doesn’t apply to business cards
It doesn't apply to Biz cards
💳
Seb couple important points. Ink cash and unlimited have 0% Apr for first 12 months and there's a 40k referral for them. Sorry I don't know how to use emojis
The 0% apr is amazing. You can max out the card, and put that bounce in a CD or savings account to get an extra 4 to 5%
@@LK_EBM I think that would count as a cash advance or how would you do it?
@@dyhppyx use it for your every day purchase, and don't pay it off for 12 months. If you have a really high CL, use it to fund bank bonuses and pay taxes.
If you have natural business spend, then put it on spend that you want to float (and then pay yourself out for CD/savings).
Otherwise, a lot of them will let you "cash" it out for 3%. Still a ~2% "arbitrage" but only makes sense with a sizeable credit limit.
Also makes more sense if you're gardening (since approvals with Chase might be tougher). Other people are better off just opening up another Ink/cards.
💳 Sebby, (not holding you to it lol) BUT, do you think with a 740 credit score, 1 year business, and 1k income/yr would get me approved for a Chase biz card? Already have 5 chase personal cards. Thanks! (hoping you respond :))
$5k in projected income is probably the safe zone (and ideally $10k). AFAIK, projected is fine since they're still using your personal credit as the baseline for approvals.
💳 Sebby, Would it be too soon to apply for one of the Chase Ink if I just got the CFU in August and am at 4/24? 💳
You should be fine to apply. 2/30 rule - up to 2 card applications within 30 days.
@@AskSebbyBusinesswould velocity make a difference?
All my 4/24 were obtained within the last 5 months 💳
Can I get Venture X business after getting 3 chase ink cards and 2 amex business cards?
Or do I need to get it before getting those 5?
You should be fine if you're under 10 personal cards on your personal report. Capital One business also has slightly different underwriting in my experience; less annoying than on the personal end but YMMV.
if i have the CIU with 90% balance being used right now do you think i would be approved on another chase business card?
I would pay down the balance first before applying.
I may have asked already but.. If my SSN was used to apply for one of the Chase business cards about 4 years ago (got sign on bonus then), can I apply for the same chase business cc using same SSN and get the new sign on bonus as it's been about 48 months since I last received it. Thanks!
Yes. As long as you don't currently hold that Ink card (downgrade and wait 10 days). Not an issue if already downgraded or canceled :)
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