Update: This LTO is now EXPIRED
Chase has just boosted the sign-up bonuses on their Ink cards. The Ink Bold Card and Ink Plus Card cards now offer 60,000 Ultimate Reward points after spending $5,000 within 3 months, which are worth 60,000 United miles, $600 cash, or $750 towards travel. That is 20% or 10,000 points higher than the standard offer. I believe this matches the highest bonus ever for these three cards.
The Ink Cash Card with no annual fee and 0% interest for 12 months is offering a $300 bonus (up from $200) after spending $3,000 within 3 months.
Chase Ink Bold Card bonus link
- For a limited time, earn 60,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards.
- No interest charges because it’s a pay in full charge card.
- Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
- No foreign transaction fees.
- 1:1 point transfer to leading frequent travel programs with no transfer fees.
- Direct access to a live service advisor anytime.
- Free Employee Cards.
The 5X rewards on office supply stores from these two cards are handy as you can buy a wide variety of gift cards at Staples, Office Max, and Office Depot from prepaid cell phone reloads to Amazon gift cards to Home Depot and other retailers. This effectively gets you back 5X Ultimate Rewards points on a lot of your everyday spending.
Chase Ink Plus Card bonus link
- For a limited time, earn 60,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards.
- With Ink Plus, you have the cash flow flexibility with the choice to pay over time or pay in full.
- Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
- Earn 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel.
- No foreign transaction fees.
- 1:1 point transfer to participating travel programs with no transfer fees.
- Free Employee Cards.
The major difference is the Ink Bold is a charge card that you must pay in full each month and Ink Plus is a credit card where you can carry a balance. The good thing about this is that you can get both cards for the same business and thus both bonuses.
Chase Ink Cash Card bonus link
- For a limited time, earn $300 bonus cash back after you spend $3,000 in 3 months from account opening.
- 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
- 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
- 1% cash back on all other card purchases with no limit to the amount you can earn.
- 0% introductory APR for 12 months on purchases and balance transfers.
- No annual fee.
Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. The business type is called a sole proprietorship, and you may be a consultant, freelancer, or other one-person business. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.
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Could you switch over to the no fee card after he no fee promo runs out in a year with ink plus? What do you lose in that switch?
That’s a good question, I will ask that question on Monday with the Ink Bold and report back. You would first want to use up or transfer your Ultimate Rewards points to another card with those points (I transferred to my wife’s new Sapphire Preferred since you can transfer to other people with no fee or loss). The Ink Cash doesn’t work with UR points I believe.
I tried this last week with a Chase Ink that was coming up on its annual fee. I called and they were nice enough to remind me to cash out all of my Ultimate Rewards points before closing the account (and waiting on the line for me to do so). When I asked if I could switch to the Ink Cash card, she said I could apply for it after closing my current account, but there was no way to switch the account over.
One thing to note as well, if you signed up for the card in the past 3 months and are still in your minimum spend period, you can still get the 60,000 points.
I received my 50,000 points yesterday, called and asked them to up me to 60K and they did!
I signed up via mymoneyblog link 2 weeks ago (still 50K at that time), and received card now. Not activate yet.
Should I contact them first for 60K match when calling for activation? or when I just complete $5000 purchase.
thx for sharing ur experience and valuable comment
I would just activate the card, and then send an online secure message from Chase website asking them to match the current promotion. They should be willing to give you the extra 10k points without hassle. In case they say no, then do the phone call route.
If you were only to pick one (because spending the minimum $5000 may already be a challenge), and you always pay the monthly balance in full anyway, is there any advantage in ordering the Ink Bold over the Ink Plus? Basically, any thoughts on why I shouldn’t choose to have the option of carrying a balance (even if I don’t intend to)?
I don’t see any significant advantage in the Ink Bold over the Ink Plus. Both offers are pretty much the same, it seems that many businesses traditionally go with charge cards for some reason.
I suppose if you had the Ink Bold charge and then wanted to apply for the Ink Plus later, you could say it was because you wanted the option to carry a balance and didn’t know you couldn’t do that with the Ink Bold.
Curious if anybody got instant approval? I didn’t and I usually do… 😐
I also did not get instant approval, but usually do.
Stupid question I just wanna ask… What might the tax implications be for having a card under a faux sole proprietorship? Does the IRS care if I call some personal activity a business and charge expenses under its purpose?
If you charge some personal expenses on this business card, that is between you and Chase. I am not aware of any legal issue directly pertaining to this. I can’t imagine it being that strict – sometimes it is impossible to split everything perfectly anyways, for example if you deduct half your internet bill for tax purposes, then you can still put the entire charge on this card and then refund the personal expenses separately. I’ve put personal expenses on a Fortune 500 corporate AmEx, and just paid them back when filing my expenses.
For me, the primary usefulness of a business card is to keep your business expenses separate from personal expenses. If you mix them together all the time, then your accounting will be a mess.
Do you get 5X Points for office supply store purchases even if they’re online?
Yes