Last week, I wrote about the new Ink Plus® Business Card coming out. Before that, I wrote a blog about getting 2-3-4 Ink Bolds. Great news: now it’s even easier to pad your Ultimate Rewards balance. If you’ve already applied for the Ink Bold, you can now apply for the new Ink Plus offer under the same business or sole proprietor.
And if you do have multiple businesses, you can still get multiple Ink Bolds, and now multiple Ink Pluses. Bang Bang.
Apply Below for the New Ink Plus offer. [I do receive a referral credit if you apply through my link. I'm truly grateful if you do!]
I have said it once, and I will say it again. I gotta rebuild my Ultimate Rewards account. And that happens by signing up for and using my Sapphire Preferred and Ink Bold cards. Now you can add into the mix the new Ink Plus. I’m married (miles perk), so multiply all that by 2!
My wife and I will now have 6 different cards to add to our Ultimate Rewards balances. And this is without getting creative and getting multiple Ink Bolds or Ink Pluses. Which we know is possible.
On to more about the Ink Plus Business credit card.
It’s a CREDIT CARD
While the Ink Bold is a charge card, meaning you have to pay off the balance in full every month (which I recommend doing anyway), the Ink Plus is a true credit card. Let’s be honest, life throws us curve balls, and it’s nice to have the credit option sometimes. That said, never spend more than you have or stretch yourself too thin. The sweet spot for credit utilization or debt to credit ratio is 20-30%.
The same 2x per $1 earning opportunities
You will get 2x points per $1 on all gas and hotels. You must book your hotel directly with the hotel (no third party booking).
Yes, you can still earn 5x points per $1
I know, you are all wanting to know if the Ink Plus will get you 5x points on office supplies, internet, cable, and phone services. Yes, it does. Glorious. The 5x points are good on the first $50,000 in qualifying purchases.
I do love the 5x category bonuses with the Ink Bold and Ink Plus! I run my cable, satellite, and phone services through my Ink Bold and enjoy seeing a nice injection of Ultimate Rewards points every month.
Annual fee waived the first year and no foreign transaction fee
The $95 annual fee is waived the first year. I like this. And of course, no foreign transaction fee is always appealing. This perk seems to be a trend recently, and I’m not complaining. FTF’s are bogus.
Ultimate Rewards points are the most valuable points, in my honest opinion. They are the points my wife and I are using to fly first class to Europe next month, and Thailand in January. We earned all our points by singing up for and USING our Ink Bold® Business Card and Chase Sapphire Preferred® Card. Time to rebuild.
Ultimate Rewards points can be transferred to United, Southwest, Korean Air, British Airways, Marriott, Hyatt, Priority Club, Amtrak, and Ritz-Carlton. Talk about options. And you can transfer them to individuals who have an Ultimate Rewards account as well.
Applying for a business card
It’s true, it’s usually easier to get a business rewards card if you have a legit business, but you DON’T have to be incorporated, or have a Tax ID to apply for a business card. Anyone can apply for a business rewards card as a sole proprietor. Yuuup.
You would use your social security number instead of a Tax ID, and your personal name as the “business name”. Your personal address would then be the business address as well.
Business rewards cards are a great way to maximize your miles and points balances. All while PROTECTING your credit. You see, when you apply for a business rewards credit card, the only activity on your “personal” credit report is the initial 2-5 ding for the inquiry. Your personal credit score will easily recover from this up front ding.
All account opening, closing, and credit limit will be tied to the business. Score. This minimizes activity on your personal credit report, and leaves it open for more personal credit card applications, or just protects it from additional activity.
Can I have an Ink Bold and Ink Plus?
Yes, you can have an Ink Bold and an Ink Plus for the same business. They are seen as different products. YAY. This is how we can maximize our earnings and spending. So if you already have an Ink Bold don’t let that stop you from applying for an Ink Plus.
If you don’t have either, then get on it.
I love my Ink Bold and I use it all the time for the 2x points on gas and especially for the 5x points on office supplies, internet, satellite, and phone services. Now I’m estastic that the Ink Bold has a twin in the Ink Plus. The only major difference is that it’s a credit card.
I’m pumped about another rewards card with the capability of earning me valuable Ultimate Rewards. I’m giddy, actually. Jordan and I will definitely be adding the Ink Plus to our collection of Chase rewards credit cards that earn Ultimate Rewards points.
If you don’t have the Chase Sapphire Preferred® Card, then I would seriously consider getting one, too. If you are thinking of doing two Chase applications in one day, do the Sapphire Preferred first and then apply for the Ink Bold or Ink Plus.
Apply Below for the Ink Plus. [I do receive a referral credit if you apply through my link. I'm truly grateful if you do!]
And if you have any questions, don’t hesitate to email. I don’t bite.
Link to Apply: Ink Plus® Business Card
— Geoff Whitmore