Rumor Has It: Ink Cards Will Raise Their Minimum Spending Requirements
Here are the current Ink Plus and Ink Bold offers:
All good things must come to an end.
Ink Bold and Ink Plus Perks
It’s no secret that the Ink cards have some of the best (if not the best) miles earning potential. You will earn 2x points on gas and travel. But the real value is in the 5x earning potential.
You will earn 5x points per $1 on internet, cable, phone services, and office supplies. The Ink cards are also great for international travel because there’s no foreign transaction fee when you use them abroad.
Business Card Perks
Applying for business cards has a massive upside. The only activity on your personal credit report from a business rewards card application is the 2-5 point ding from the initial inquiry. That’s it!
All account opening, closing, and credit limit is tied to the business credit report. This is why applying for business rewards cards can not only help you earn MEGA rewards, but also limit activity on your personal credit profile.
You don’t have to be incorporated to apply for a business card, either. Many readers have been able to apply for business cards as sole proprietors (tech freelancers, artists, musicians, ebay sellers, and consultants, to name a few).
I’ve found Chase to be willing to work with start-ups, too. Just be ready to answer a few questions during the reconsideration phone call.
Remember, you can also have multiple Ink cards. I wrote a post a while back on how a reader had 3 Ink Bolds. He had applied for an Ink Bold for each of his businesses.
Also, you can have multiple Ink cards for the same business. Jordan and her manager both have Ink Bolds for her music LLC using the same EIN.
Plus, you can have an Ink Plus and an Ink Bold for the same business. The Ink Bold is a charge card, and the Ink Plus is a credit card, so it’s easy to explain why you applied for both.
My experience with Ink cards is: I have an Ink Plus, and an Ink Bold for my business which has an EIN. I also have another Ink Plus that I just signed up for as a sole proprietor. That’s 3 Ink cards that I’ve gotten this year.
Obviously, I’m a huge fan of the Ink Bold and Ink Plus business cards. Heck, business cards in general. I know minimum spend requirements are getting easier and easier to meet, but I would definitely encourage you to take advantage of the lower spend while you can. I did.
You can apply for the Ink Bold or Ink Plus cards below. Please only use my links if you’re satisfied with the service I provide.
(I receive a referral credit if you apply through my links.)
— Noob Master