Chase just dropped a Grenade. The 50,000 Ink Bold Changes Tomorrow!

Posted by Noob Master on Apr 17, 2012 in business credit cards, Capital One, Credit Cards, reconsideration, Ultimate Rewards, Uncategorized | 5 comments

Hide your kids, Hide your wife, Chase is dropping grenades all up in here.

Link: Ink Bold® Business Card 

(Disclaimer: I do receive a referral if you apply through my link; only use my link if you are satisfied with the service I provide.)

The Ink Bold earns very valuable Ultimate Rewards (same as the Sapphire Preferred) points and is a must have in my book. Read my full review of Ink Bold. I know many readers have already signed up for the Sapphire Preferred, so it makes sense to maximize your earnings by applying for the Ink Bold.

The minimum spend with my link (until 10 AM tomorrow) is just $5k in 3 months, but the new offer will change to 25k UR sign-up bonus and 25k more after you spend $10k in 3 months. If you’re considering the existing offer but the 5k spend still seems a little steep, there are some easy tips to help meet your minimum spend.

If you haven’t applied for a personal Chase rewards card in a while, I suggest applying for one along with the Ink Bold. You can get approved for your 2 Chase cards in one day if you haven’t applied for one in more than a couple months. Here are the personal cards I suggest pairing with the Ink Bold:

The  Chase Sapphire Preferred®  is still a great card and a couple Noob readers have reported being able to bump the bonus up to 50k by sending Chase a secure message. I can’t guarantee that Chase would do this for you, but it never hurts to ask. Read my full review for the Chase Sapphire.

The British Airways 100k Visa card has made a comeback. It’s actually 50k Avios miles on first spend, 25k Avios miles after spending $10k in 12 months, and another 25k Avios miles for spending an additional $25k in 12 months. This card really packs some value for people who live in or close to a One World hub, because you can book American Airlines flights with Avios points. Avios points are great for short hauls, but are not great for flights to Europe.

Now that we have squared away a couple of options for you to pair with the Ink Bold (if you haven’t already applied for a Chase card in the last couple months) let me give you a step-by step guide to applying for the Ink Bold.

Step 1- APPLY

[You Don't have to have a business to apply for the Ink Bold]

Pretty simple right? Just apply. If you are doing a personal app as well, then apply for the personal card FIRST.

If you are applying as a sole proprietor, use your S.S. instead of a tax EIN. Simple. Just be ready to explain your side business.

Step 2- Call the Reconsideration Line

You most likely won’t be instantly approved for your Ink Bold. Chase likes to talk things out with you, but don’t fret- it’s an easy process. If you aren’t familiar with the reconsideration phone call, read my post for more details and phone numbers.

The business reconsideration phone number is 800-453-9719.

If you get a Chase rep that doesn’t want to work with you, then politely hang up and try again. I have gotten reps that must’ve been having bad days and when I tried again with another rep, I was approved.

Be ready to answer questions like why you applied for the card. Talk about your upcoming business expenses (supplies, separate spending), but just don’t mention the sign-up bonus. Essentially, answering these questions is just a technicality. I had to do this for my Ink Bold, as well as my wife’s.

Earning Ultimate Rewards points is what’s it all about, so applying for the Ink Bold was a no brainer for our household. We love earning 5x-15x extra UR points per $1. Also, being able to transfer UR points into an assortment of travel programs and between personal accounts is a huge perk for us.

If your credit score can handle the inquiry, then think seriously about the Ink Bold. 50,000 Ultimate Rewards points is starting to be hard to come by.

As always, if  you any questions or would like to bounce some thoughts off of someone, don’t hesitate to email me. I don’t bite.

— Noob Master