Review updated to add gift card discount information (5% to 10% off) and Jot business expense feature (snap and tag pics of business receipts).
The Ink Bold® Business Card is a premium small business being offered by Chase, directly competing with the biz cards from American Express. If you have a small business including freelance or online eBay/Etsy sales, using a business card allows you to separate your personal and business expenses as well as get some nice rewards in the process. Just to get you to try it out, Chase is offering 500 bucks in the form of 50,000 bonus Ultimate Rewards points after spending $5,000 in the first 3 months your account is open.
50,000 Ultimate Rewards points can be redeemed for $500 cash (real money, via statement credit or check) or 25% extra = $625 when used towards airfare, split up however you like into multiple tickets. If your total is more than $625, you simply pay the difference. I’ve used this feature and it’s very easy and flexible to book airfare using their points (system and prices are like Expedia, Travelocity, etc). Here’s an example of combining cash and points:
If you prefer, you can also transfer points to British Airways Avios miles, United Airlines miles, Hyatt hotel points, and Marriott hotel points. 1 Chase point = 1 mile/hotel point for these transfers, so that’s 50,000 miles.
Until 6/30/13, Chase is offering a special 10% discount on gift cards from the following retailers: Kohl’s, Land’s End, Olive Garden, Outback Steakhouse, and Regal Movie Theatres. This means that 9,000 points = $100 gift card, a savings of 1,000 points off the usual prices. This means you can get over $550 in gift cards using 50,000 points.
You’ll also earn up to 5 points per $1 spent on the first $50,000 spent annually on eligible business purchases:
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By Jonathan Ping | Credit Cards, Deals & Offers | 5/7 | 36 Comments »