Chase Ink Bold Business Card Benefits

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Link: Ink Bold® Business Charge Card

Earlier in the week I wrote a post about the Chase Sapphire Preferred® Card, which I consider to be the best all around new card to sign-up for. Not only does it have a great sign-up bonus of 40,000 Ultimate Rewards points which can be converted to United, Hyatt and others at a 1:1 ratio, but it has a slew of awesome benefits like no foreign transaction fees, two points per dollar on travel and dining, and an awesome online shopping mall. I’ve been using the card for a while now, and it has quickly turned into one of my favorite cards.

Another card that accrues Ultimate Rewards points is the Ink Bold® Business Charge Card, which comes with a 50,000 point sign-up bonus after spending $10,000 on the card within three months, which is a really good sign-up bonus. I actually signed up for the card just yesterday for that exact reason. But beyond that it has a few features that potentially make the card a keeper.

How to Earn Points

You earn one point per dollar spent on the card, with the following additional bonuses:

  • 5x points on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services
  • 2x points on the first $50,000 spent annually at gas stations and for hotel accommodations

How to Redeem Points

This is really what makes the program great. On September 30 American Express Membership Rewards ended their relationship with Continental OnePass, which was a huge loss for the program.

Ultimate Rewards not only partners with United Mileage Plus, but also with Hyatt Gold Passport, Marriott Rewards, Priority Club, British Airways, and Korean Air.

The two best options when it comes to transfers are Continental/United and Hyatt. They transfer 1:1 to both programs, so this is actually a way to earn more Continental and United miles than you’d earn directly with their co-branded card, given the threshold bonuses this card comes with.

Furthermore, the points transfers are instant, and points can be transferred to anyone’s account. This is hugely valuable, since you can use your Ultimate Rewards points to top off anyone’s account.

Alternatively you can apply points towards any “revenue” ticket at a rate of 1.25 cents per point. That means that a $625 flight will cost you 50,000 Ultimate Rewards points. This isn’t the most efficient way to use points, though it’s still a bit more lucrative than American Express’ “Pay with Points” option in most cases.

Other Cool Features:

The Annual Fee is Waived for the First Year

It’s $95 per year after that.

Free One-Year Priority Pass Membership

That gets you two free lounge visits and then $27 for every subsequent visit.

Verdict

This is a great sign-up bonus, especially in conjunction with the Chase Sapphire Preferred® Card. If you sign up for both cards that’s over 90,000 Ultimate Rewards points, which can be instantly transferred to United, Hyatt, and others. Even if the card doesn’t work best for your long term spending habits, the sign-up bonus makes the card worthwhile, in my opinion. And if you do have a business with a lot of expenses you charge to credit cards that don’t fit into the typical “bonus” categories, this might just be the best card for you long-term.

Also keep in mind that Chase is usually pretty strict about approving multiple personal applications at once, though they’ll typically approve one personal and one business application. Even if you don’t actually have a business, you can still get approved for the card by listing your business as a sole proprietorship and giving your Social Security Number as the tax ID for the business.

Here’s the link for the Ink Bold® Business Charge Card

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Comments

  1. Lucky; A reader sent me an email today saying he got a targeted offer for 100,000 points on the Sapphire Preferred card. I can’t confirm it as of yet, but we should keep our eyes open for that one.

    PS I love my Sapphire Preferred card as well

  2. Don’t overlook the CapitalOne Venture card. It offers 2 points for ALL spend. Thus it surpasses even the Sapphire!!!

  3. The Ink Bold has a 20% bonus for Chase (business?) checking account holders. Unlike the Sapphire Preferred, I don’t believe this % bonus applies to the sign-up and threshold bonuses.

  4. What is the most current info on how many/how often one can get a Chase personal. I’m going to get the Sapphire Preferred next. I have Southwest and Continental Chase cards which I got 8/3 and 8/18. I want to get the Sapphire Preferred through one of your links. How much longer should I wait?

  5. I know MR points can be transferred to friends’/family’s FF programs… Can these as well? I realize it’s not technically a published rule, but I have transferred points (on several occasions) to different peoples’ FF accounts from my MR points.

  6. @ rick — I’d be really curious to hear that confirmed! Can’t imagine such an awesome all around card would *need* to offer a 100,000 point sign-up bonus.

    @ Pointasaurus — It earns two points, but that’s Capital One Venture points, which I don’t consider to be even nearly as value as Ultimate Rewards points. They can’t be transferred 1:1 to Continental/United/Hyatt.

    @ Nabeel — Wow, thanks for the heads up, that’s really cool (especially since I have a Chase checking account). I see it written on other blogs, though do you know if it’s published anywhere, because I can’t seem to find it?

    @ thrive — Chase seems to be incredibly inconsistent lately. They used to have the “six month rule” for some people, where you could only sign up for one card every six months, though that doesn’t seem to be the case anymore. I’ve never been denied for a Chase card in the end, simply because they have always let me switch over the credit line from an existing card to my new card. Do you have any other existing Chase cards besides the Southwest and Continental ones that you’re willing to close? If so you’re probably safe applying and having them switch over your credit line to the new card. Otherwise you’re probably best off waiting until early next year.

    @ Ari — Absolutely, that’s part of the beauty of these points. You can transfer them to anyone’s frequent flyer account!

    @ TJ — Right, only the Chase Sapphire Preferred card has no foreign transaction fees; the Ink Bold card does.

  7. I am considering applying for UA personal and business card on the same day. I am a United guy. If Chase Sapphire and Ink bold are better, I can apply for the later two. But you are saying Chase only considers every 6 months that means I can’t apply these 2 cards on the same day right?

  8. @ MilesRus — You should be able to apply for one personal and one business credit card on the same day, though if you submit multiple personal applications you’ll probably get shot down for all of them, so I wouldn’t do that. But you can definitely do a personal and a business application. I still think the Chase Sapphire and Ink Bold are a better combo than the United business and personal one for now, not only because the sign-up bonuses are higher, but because especially the personal card has so many great opportunities to earn bonus points.

    I also still suspect there will eventually be a higher bonus on the United cards, though based on everything I’ve heard, I don’t think that will be the case on the Sapphire/Ink Bold card anytime soon.

  9. I applied for this on Oct 23rd, and still have not heard back if I was approved or not…and calling the status line doesn’t say anything either…..any advice?

  10. @ Ozaer N. — Business cards can take a while. I’d give it another week or so, as I bet you’ll hear from them this week.

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