Limited Time Bonus Offer: 60K Chase Ink Plus and $300 for Ink Cash
Chase has increased their sign-up offer to 60,000 Ultimate Rewards Points points for the Chase Ink Business Plus card (normally 50k). In addition, they also increased their offer to $300 cash back (normally $200) for the Chase Ink Business Cash card. One small detractor from this new offer is the annual fee is no longer waved for the Ink Plus card and is now $95 upfront. The value of the additional 10,000 points exceeds the $95 annual fee, but just barely. There is no annual fee for the Ink Cash card. Apply soon as the offer typically lasts 2-3 weeks.
Chase Ink Plus Benefits:
- Earn 5X points per $1 on the first $50k spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
- Earn 2X points per $1 on the first $50k spent annually at gas stations and for hotel accommodations when purchased directly with the hotel.
- Earn 1X point per $1 on all other purchases, with no limits on how much you can earn.
- No Foreign Transaction Fees.
Thrifty Tip #1: Multiple different applicants are eligible to receive the Ink bonus for the same business.
Thrifty Tip #2: One individual can get the Ink bonus more than once if you have multiple businesses.
I am a very big fan of the Chase Sapphire Preferred personal card and the Chase Ink Business card as you receive Ultimate Rewards points which are very flexible and transferable 1:1 to the programs listed below. The flexibility of the Ultimate Rewards program allows you to choose when and how you want to use the points and you aren’t tied to just one airline or hotel program. In addition, the multipliers for the various categories rack up points even faster. Check out my article on the Best uses of Ultimate Rewards Points.
Chase has begun to crack down on applications for the Chase Sapphire Preferred and the Chase Ink business cards. The rumor is that you will not be approved if you have had 5 or more credit cards from any bank in the past 24 months. If you have had more than 5 cards the trick is to not call into Chase after your Ink application. There have been multiple data points about automatic approvals a day or two after application. Calling in to the reconsideration line will likely lead to a rejection if you have had more than 5 cards, so just wait and see if you are approved.
Thrifty Tip #3: As a reminder anytime you apply for a business credit card you should pair it up with a personal card, from the same bank. This only results in one credit pull instead of two. This is detailed in my post Why you should always apply for two cards.
Thrifty Tip #4: TT reader Phillip commented on another post that he was able to apply for the Chase Ink Plus Business card by using his SSN in the place of the Employer Identification Number and Chase had very few questions and he was approved very quickly. His “business” makes little to no money and yet he was still able to get approved.
Getting a business card can be intimidating at first. Check out my suggestions in this post. If you have any questions feel free to leave a comment below!