What is the Chase CPC Bonus?
The Chase CPC Bonus is an exciting rewards program offered exclusively on the Chase Ink Business Preferred Credit Card. It allows cardholders to earn valuable Chase Ultimate Rewards points when completing specific tasks.
The CPC stands for “Customized Cash Rewards” and refers to the customized nature of the bonus rewards. Cardholders can earn bonus points for things like adding employees to the card, setting up autopay, and referring friends.
The main benefits of the CPC Bonus include:
– Earn 80,000 bonus points after spending $5,000 in the first 3 months. This is worth around $800 in travel rewards.
– Earn 500 bonus points for adding the first employee cardholder. Each additional employee card earns 250 bonus points.
– Earn 500 bonus points for setting up autopay from a Chase checking account.
– Earn 2,000 bonus points per friend referred (up to 20,000 bonus points).
– Redeem points for cash back, travel, gift cards, and more. Points are worth 25% more when redeemed for travel via Chase Ultimate Rewards.
– No annual fee for the first year, then $95 annually.
Overall, the CPC Bonus gives new cardholders an easy way to earn tens of thousands of valuable Ultimate Rewards points through completing simple tasks with their new card. It’s a lucrative incentive exclusive to the Ink Business Preferred Credit Card.
Chase CPC Bonus Qualifications
To qualify for the Chase CPC bonus, you’ll need to meet a few requirements:
– You’ll need to be approved for either the Chase Ink Business Preferred or Ink Business Unlimited credit card. Both personal and business credit applicants may be eligible.
– There is a minimum spending requirement to earn the bonus. For the Ink Preferred, you’ll need to spend $15,000 in the first 3 months from account opening to earn the full 100,000 point bonus. For the Ink Unlimited, spend $3,000 in 3 months to earn 50,000 points.
– The bonus is only valid for new cardmembers. If you currently have or previously had either card, you are not eligible for the signup bonus offer.
– Chase application rules apply. You’ll need to be under 5/24 (less than 5 new credit card accounts in the past 24 months). Prior Chase approval may improve your odds. Pre-qualification can help determine your eligibility without impacting your credit score.
– Business credit card applications require documentation to verify your business. Be prepared to provide your EIN, business licenses, tax documents or other proof upon request. Sole proprietors can provide their Social Security Number instead.
– The bonus points will be awarded after meeting minimum spend. Allow 6-8 weeks after the spending threshold is reached for the bonus to post to your account. Just make sure to pay your bill on time and remain within Chase’s credit limits.
Overall, the main steps are making sure you qualify, getting approved for the card, spending the minimum amount within the time limit, and waiting for your bonus to post. Check the Chase website for full details to ensure you earn the CPC bonus.
Earning the Bonus
The Chase U.K. Customer Packs Credit card allows cardholders to earn points through everyday spending. Here’s how it works:
Earn 3 points:
per £1 spent on travel purchased through Ultimate Rewards, and dining at restaurants. This includes taxis, hotels, airfare, public transport, delivery services, bars, and more.
Earn 1 point:
per £1 spent on all other purchases. This makes the CPC card a great option for everyday spending.
– To earn the full signup bonus, you’ll need to spend £3,000 total within the first 3 months of account opening. The bonus points will post to your account within 1-2 billing cycles after meeting the minimum spend.
Some tips for maximizing points earned:
– Use the CPC card as your primary spending card, putting all household purchases on it. Groceries, gas, bills – it all adds up.
– Pay rent/mortgage through Plastiq to earn points on large recurring payments. There is a 2.5% fee but may be worth it to earn the signup bonus faster.
– Look for opportunities to pre-pay expenses like insurance, taxes, etc. This allows you to earn points now rather than later.
– Use the 3x categories strategically. Plan nights out at restaurants during the first 3 months to earn bonus points.
– Check for targeted promotions on your account for additional point earning opportunities.
With smart spending you can quickly earn the CPC signup bonus and continue maximizing points for awesome redemptions.
The Chase CPC card allows you to redeem your bonus points for a variety of rewards including cash back, gift cards, travel, and more. Here’s an overview of your main redemption options:
Transferring Points to Travel Partners
One of the best ways to maximize the value of your CPC bonus points is to transfer them to Chase’s airline and hotel partners. Chase partners with 10 different travel programs including popular ones like United MileagePlus, British Airways Executive Club, and World of Hyatt.
The number of points needed for an award ticket varies by program. In general, transferring points to partners can get you increased value compared to using points directly for travel booked through Chase. You can often score premium cabin international flights and hotel stays for less points than you’d expect.
Cash Back Rewards
You can redeem CPC bonus points as cash back deposited into your Chase account at a value of 1 cent per point. This is the simplest but usually lowest value redemption.
Other cash back options include account credits, gift cards, and shopping rewards. For non-travel redemptions, you generally get less than 1 cent per point in value.
Which is Best?
For most cardholders, transferring to travel partners offers the highest potential value for your points. But cash back is a good option if you don’t want to deal with award travel bookings or don’t have immediate travel plans. Compare your options and do the math to see which method maximizes your bonus.
The Chase Premier Plus CheckingSM account comes with several excellent benefits that make this a worthwhile bonus to earn.
Signup Bonus Details
The signup bonus for this account is $300 when you open a new Chase Premier Plus CheckingSM account and complete the following requirements within 90 days:
– Deposit $15,000 or more in new money to the account
– Maintain at least a $15,000 balance for 90 days
This is an easy way to earn a nice cash signup bonus that can be used for anything.
Ongoing Rewards & Perks
In addition to the signup bonus, this account comes with great ongoing perks:
– Unlimited ATM fee reimbursements at Chase ATMs and up to 4 non-Chase ATMs per statement period
– No monthly service fee if you maintain a $15,000 minimum daily balance
– Preferred rates on auto loans and personal loans with Relationship Pricing
– Free standard Chase debit card with access to 16,000 ATMs and over 4,700 branches
– Discounts and benefits through Chase Offers
– Access to Chase financial advisors
The fee reimbursements, waived monthly fee, and loan discounts make this an account with solid ongoing value beyond just the signup bonus.
Comparable Credit Card Bonuses
The Chase CPC Bonus offers some competitive advantages over other popular credit card bonuses:
Citi Premier Card:
Offers 80,000 bonus points after spending $4,000 in 3 months. The CPC offer is lower at 60,000 points for $4,000 spend. However, the CPC earns 3x on travel and dining vs 2x for the Citi Premier. The CPC also comes with a $50 annual hotel credit and anniversary points.
Chase Sapphire Preferred:
Offers 60,000 bonus points after spending $4,000 in 3 months. The bonus is identical. However, the CSP has a $95 annual fee that is not waived the first year. The CPC has no annual fee. The CSP does earn 2x on travel and dining.
American Express Gold Card:
Offers 60,000 Membership Rewards points after spending $4,000 in 6 months. Slightly higher bonus but requires longer to earn it. The Gold Card has a $250 annual fee. The earnings categories differ – 4x on dining and groceries for Gold vs 3x on travel and dining for CPC.
Reasons to choose CPC:
– No annual fee
– Good bonus relative to spend requirement
– Strong earning rates on travel and dining
– Annual hotel credit and anniversary points
– Primary rental car insurance
The CPC offer competes well with premium travel cards while having no annual fee. The bonus, earnings rates, and benefits make it a compelling choice.
Tips for Maximizing Value
The Chase CPC Bonus can provide great rewards, but you’ll want to use the right strategies to get the most out of the card and avoid potential pitfalls.
– To maximize your bonus, look for ways to earn extra points through the card’s bonus categories. Focus your spending on applicable purchases like dining, travel, or select online shopping portals.
– Check your account frequently and keep track of how close you are to hitting the bonus thresholds. This way you can adjust your spending if needed toward the end of a quarter.
– When redeeming your points, compare the different redemption options carefully. Often, you’ll get the best value transferring points to airline and hotel partners.
– Don’t carry a balance month-to-month, as interest charges can negate the value of any rewards. Pay your statement balance in full each billing cycle.
– Downgrade or cancel the card before the annual fee hits in year two if you don’t think you’ll continue to use it frequently.
– Avoid unnecessary churning of this card that could result in denial of the bonus in the future. Space out applications and meet spending requirements through organic spending.
– Consider pairing this card with others that earn flexible points or cash back to complement the CPC’s bonus categories.
– Set up account alerts and monitor closely for fraudulent activity. Don’t let a compromised account sabotage your bonus.
The Chase CPC Bonus provides a substantial bonus of up to 180,000 points. However, it may not be the right card for everyone’s spending habits or travel goals. Here are some other Chase cards to consider as an alternative:
Other Chase Card Options
– Chase Sapphire Preferred Card – Earn 60,000 bonus points after spending $4,000 in the first 3 months. 2x points on travel and dining. $95 annual fee.
– Chase Sapphire Reserve – Earn 50,000 bonus points after spending $4,000 in the first 3 months. 3x points on travel and dining. $550 annual fee.
– Chase Freedom Unlimited – Earn $200 bonus after spending $500 in the first 3 months. 1.5% cash back on all purchases. No annual fee.
– Chase Ink Business Preferred – Earn 100,000 bonus points after spending $15,000 in the first 3 months. 3x points on travel, shipping, internet, cable, phone services, and advertising with social media sites and search engines. $95 annual fee.
Reasons to Consider Other Cards
The CPC card may not be ideal if you:
– Don’t have the high minimum spend required to earn the full 180,000 point bonus
– Prefer flexible transferable points over cash back rewards
– Are not eligible for the CPC account requirements
– Want a lower or no annual fee card
– Don’t maximize the bonus categories like gas stations or commute benefits
Other Chase cards can provide higher rewards on specific bonus categories like the Sapphire cards for travel and dining. The Freedom Unlimited or Ink Business Preferred offer valuable rewards without requiring a banking relationship.
Is the Chase CPC Bonus Worth It?
The Chase CPC bonus offers some nice rewards for new cardholders, but it’s not necessarily the best option for everyone. Here’s a quick rundown of the pros and cons:
– Large welcome bonus worth $600+ if redeemed for travel
– No annual fee
– Primary car rental insurance
– No foreign transaction fees
– High spending requirement to earn full bonus
– Points only redeemable through Chase
– No category bonuses beyond the initial bonus
The CPC card makes the most sense for those who can meet the $15,000 spending minimum within the first 3 months. You’ll need to spend heavily on the card to maximize the initial bonus.
Frequent Chase customers may also find the most value, since CPC rewards seamlessly combine with other Chase points. But keep in mind points are less valuable when redeemed for cash back vs travel.
If you don’t expect to spend $15,000 in the first 3 months, consider cards with lower minimum spending requirements for the bonus. And if you want more flexibility to redeem rewards, a card that allows transfers to partner loyalty programs could provide more options.
Overall the CPC bonus can provide nice rewards if you can meet the high spending requirement. But those who want category bonuses or more redemption flexibility may find better options with another card.
The Chase CPC card has some of the strictest approval criteria of any Chase card. Here are some tips to improve your approval odds:
Check Your Credit Score
You’ll want a credit score of at least 720 to have a good shot at approval for the CPC. Check your scores at all three bureaus – Experian, Equifax, and TransUnion. Pay down balances and correct any errors to maximize your scores.
Reduce Credit Utilization
Lenders like to see your overall revolving credit utilization below 30%. Try to pay down balances before applying to get utilization as low as possible.
Become a Chase Customer
If you don’t already have a Chase card, consider applying for a less premium one like the Freedom or Freedom Unlimited first. Having an existing relationship can help with approval for more premium cards.
Apply In Branch
Applying in person with a Chase banker can increase approval odds. The banker may be able to pre-approve you or recon the application if declined.
Be Ready to Move Credit
If you have other Chase cards, the bank may offer to move credit limits around to open up room for the CPC. Have an amount in mind that you’re willing to transfer.
If you have excellent assets or income, providing bank statements or tax returns can help demonstrate your creditworthiness. Talk to a banker beforehand about documentation.
With some preparation and planning, you can maximize your chances of approval for this lucrative but exclusive card. The bonus rewards are well worth the extra effort.