I normally like to wait at least 90 days in between application days, however I wanted to get the Ink Plus card and the 50,000 Ultimate Reward point sign-up bonus just in case the spending requirement goes back up later in January. I was also eager to attempt for a second Ink Bold (new business with EIN) and Sapphire Preferred card (MC version). I decided I could handle the credit hit as my score had recently jumped to just shy of 800. I would also be applying for my new Ink Bold card using my Employer Identification Number (EIN) instead of my SSN which I normally use.
Some Data Points
- Credit score – Just shy of 800. Make sure to check your scores before applying. Get your free TransUnion score from CreditKarma and your free Experian score from Credit Sesame.
- Total number of Chase cards prior – 6
- An Employer Identification Number (EIN) is easy to obtain online from the IRS. Check out this link. Note that you still need to enter your SSN at the bottom of the application so that Chase can check your credit history.
- My previous Chase Ink Bold and Sapphire Preferred were still active when I applied. My new Ink Bold was for a new business and so I was comfortable closing my previous Ink Bold and moving the credit line over to the new card (though this was not required, instead credit was rearranged). I applied using my new EIN number. With the Sapphire Preferred, I explained that I needed a MC version so that I could travel overseas to countries that did not readily accept VISA, but also so that I could do my local shopping at Sam’s Club. I was informed that it was not possible to have both cards and that since I already had a VISA, I would not be approved for a MasterCard. I offered to give up the VISA version for the MC and was assured that I would still receive the sign up bonus. REMEMBER to move your UR points to an account you will be keeping before canceling any of your cards!
So, since I had already applied for one card “out of cycle” I added a few additional applications:
- Citi AA Visa & Citi AA AMEX (so happy that I was finally approved again for these after more than 2 years that I created a whole separate post)
- Barclays – US Airways (40k after first purchase, successful 2nd application even though Barclays is one of the toughest lenders)
- Bank of America Hawaiian Airlines (35k miles after 1k in purchases within 3 mos)
- Bank of Hawaii Hawaiian Airlines (35k miles after 1k in purchases within 3 mos) **These 70k Hawaiian Airlines miles transfer to Hilton HHonors at a 1:2 ratio for 140k HHonors points** …prior to the devaluation this was a good deal!
If you somehow don’t have even your first Ink Plus or Ink Bold now is a nice time to get one. Chase has recently lowered the spending requirements on both cards from $10,000 in spend to only $5000 in spend within 3 months. Chase is currently offering a 50k sign up bonus for the Ink Bold, a 50k sign up for the Ink Plus, and a 40k sign up bonus for the Chase Sapphire Preferred Card, providing the opportunity to earn up to 140,000 Ultimate Rewards Points. More details on all of these cards here.
Update – 3/23 – Readers are no longer having success obtaining a Sapphire Preferred in the MasterCard flavor 🙁