Tuesday, November 13th, 2012, 6:44 pm
-Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards.
-A Rundown Of The Chase Ultimate Rewards Program And Ultimate Rewards Cards
-Chase Ink Offers Being Updated
It’s Tuesday and as promised here are the new offer links for the Chase Ink cards. If any of the links below aren’t working you can try opening them in a different browser, or browsing incognito. This is always a good strategy when a card offer says expired or unavailable as often it’s just a browser cookie issue. In IE and Firefox you can access this mode by holding down Ctrl, Shift, and P buttons on your keyboard. In Chrome you can access this mode by holding down Ctrl, Shift, and N. Then just return to DansDeals.com and click on the card offer you want and it should work for you.
After my most recent business 3BM and I now have all 4 of these cards and they are still fully churnable in my experience. I was even able to get 2 Ink cards approved on the same reconsideration call by moving credit around from other cards.
You can read more about these cards and their perks (lounge passes, etc) in the related links at the top of this post. Bonus point categories include 5 points per dollar on telecom/cell phones, cable, internet, and office supply stores and 2 points per dollar on gas and lodging or dining on the Ink Cash card.
Getting a business card is quite simple. You don’t need to be a traditional “business owner.”
For example if Joe Smith sells items on Ebay or on Amazon, 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. You don’t need to file any messy government paperwork to be allowed to do that.
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.
I’ve had business cards since I turned 18 as a Sole Proprietor and never had a problem getting approved with reconsideration if needed.
You can reach Chase business reconsideration at 800-453-9719. You can offer to move over part or all of the credit line from a consumer or business card to get a business card approved.
Need help meeting a spend hurdle? Don’t forget that you send $1,000/month via your credit card to anyone for free via Amazon Payments. And they can send it back to you via their credit card or via a 3rd party who can put $1,000 on their card and send it back to you.
And of course you can stock up on gift cards to stores like Amazon or just a prepaid credit card (prepaid credit cards carry a fee of about 1%) at office supply stores on Ink cards and earn 5 miles for every dollar you spend. At a value of about 1.9 cents per Ultimate Rewards point that’s like a 9.5% rebate. Office supply stores like Office Max, Office Depot, and Staples all have large gift card sections and they even have occasional weekly promotions to buy gift cards, so check your Sunday circulars as they make it a cinch to meet a spending threshold.
When you buy $5,000 worth of gift cards or prepaid credit cards from an office supply store on a new Ink Bold or Ink Plus card you’ll have a whopping 75,00 points (50,000 points from the signup bonus and 25,000 points from the office spending.) Coupled with bonus rebates on gift cards and finding ways to liquidate them for free like with Amazon or Bluebird it can all get pretty addictive.
Don’t have the money right now to pay off all those gift cards that you’re stocking up on to meet a spending threshold? Obviously don’t spend more than your needs, but all of the Ink cards besides the Bold card have 6 months of 0% interest on purchases (and balance transfers) and as a business card that balance won’t even show up on your credit report, so it won’t hurt you like it would on a consumer card! Just be sure that you’ll have the funds to cover your purchases in 6 months before they start charging interest. And of course you will have to make the minimum payments as well.