Rumor Has It: Ink Cards Will Raise Their Minimum Spending Requirements

Posted by on Dec 10, 2012 in business credit cards, Ultimate Rewards, Uncategorized, Vanilla | 6 comments

Here are the current Ink Plus and Ink Bold offers:

 

 

All good things must come to an end.

I was beaming with excitement a month ago when Chase lowered the minimum spending requirements from $10,000 to $5,000 on the Ink Bold® Business Card and Ink Plus® Business Cards. 

 

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.

 

Noob Endings

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.

Ink Bold® Business Card

Ink Plus® Business Card

 

(I receive a referral credit if you apply through my links.)

— Noob Master

  • tgienger

    Hey noobmaster, was just looking at the Inkplus and noticed that it offers a 0% APR for 6 months. I’ve got about $3000 in expenses coming up in the next month, that I’d like to float until I can pay with a bonus check that I get in March. This looks like a good way to do that. Would I still get the 50K points (after $5K spend) even while carrying a balance? Any downside to floating the expenses?

    Thanks.

    • http://www.NoobTraveler.com/ Noob Traveler

      Yes, you would still get the 50k sign up bonus even if you held a balance. The 0% intro interest rate can be very beneficial, but just make sure you can pay your balance off in full before the interest kicks in.

      I hope this helps!

  • Tim Davis

    Hey NoobTraveler .I’m interested in applying for one of these cards, but my company won’t allow me until the new year. Where are you hearing this rumor from?

    Thanks!

    • http://www.NoobTraveler.com/ Noob Traveler

      My connects at Chase have hinted towards the minimum spend raising in a couple of weeks. You will still be able to apply for an Ink card, but the terms may be a little different than they are now. There’s always the chance of the current offer hanging around for a little bit longer, but I don’t see that happening. I hope this helps and don’t hesitate to email or comment if you have any questions.

  • Andy

    Hi Noob Traveler,

    When Chase changes credit card offering, do they ask you in advance to remove the current affiliate link? That way, we’ll know for sure when they’ll raise the spending, correct?

    Andy

    • http://www.NoobTraveler.com/ Noob Traveler

      Yes, we will usually get a little notice before a card goes away, but not always. It does appear that Chase will raising the minimum spending on the Ink cards any day now.

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