Tuesday, April 17th, 2012, 11:10 am
Update: I just received confirmation that the current 50,000 point bonus for spending $5,000 on the Ink Bold card will indeed be going away at 10am tomorrow, 04/18. The new offer will likely require $10,000 in spending to get 50,000 bonus points. The offers for Ink Cash and Ink Classic may be changing as well tomorrow.
Originally posted on 04/10:
Chase.com now only gives 25,000 points for spending $5,000, and requires $10,000 in spending to get 50,000 bonus points on the Ink Bold card. For now my link still only requires $5,000 in spending for 50,000 points, which is not all that hard with the help of $1,000 per month of free Amazon Payments credit card processing.
The $95 annual fee is waived for first year, and you also get 2 annual free airport lounge visits for you and for all additional cardholders (which are free!).
Ink Bold Ultimate Rewards points, like Sapphire Preferred, can be transferred to United, Hyatt, and many other airlines and hotels.
-You earn 5 points for each $1 spent on wireless/telecom, cable and satellite television and radio services, office supply stores (which includes gift cards for stores like Amazon or any other store sold at an office supply store), and wholesale distributors of office supplies for up to $50,000 of spending in bonus categories.
-You earn 2 points for each $1 spent at gas stations, hotels and motels, and travel agencies for up to $50,000 of spending in bonus categories.
-There is no foreign exchange fee.
-Having an Ink Bold card allows you to transfer points earned from no-annual fee cards like Freedom, Sapphire Non-Preferred World Mastercard, Sapphire Non-Preferred Visa, Ink Classic, and Ink Cash to airlines/hotels.
It’s also worth remembering that the credit line (and utilization) of business cards are not reported on your personal credit report, thus closing them also won’t effect your score. Of course before closing a card you should always try to leverage those lines as well as some banks, like Chase, will allow you to move that line to get a personal card approved. Getting a business card is simple. If Joe Smith sells items on Ebay or has any other side business/hobby and wants a credit card to better keep track of business expenditures he can just open a business credit card for “Joe Smith Sole Proprietorship” as the business name. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field as well as in the social security number field. Spending on business cards don’t count against your credit utilization, so you don’t need to worry about the credit affect of using up your entire credit line, something that is extremely bad for your credit if done on a personal card even if you pay it off every month.
Additionally many DDF members are reporting that they have been able to do a secure message match for the Ink Bold card to 60,000 bonus points for spending $5,000!
Matching must be done within 90 days of opening a card.
In other matching news, I was able to match a recently opened Continental and United cards to 50,000 points plus a $50 statement credit. I (and many others on DDF) have also done matches for 30,000 on Freedom and 50,000 for Southwest without any problems.
To request a match just login to your account on Chase.com, go to the secure message center, and request to be matched to the better offer. Have luck with other matches recently? Post a comment!