December 30th, 2012
Update: There may be just 2 days left to grab some Ink cards with the lowered spend requirements. Nothing confirmed at this point, but that’s the word on the street.
Related: My Current Credit Card Lineup
Great card offers don’t stay around forever. These offers are around for a limited time only.
-Chase British Airways. 50,000 bonus Avios for spending $1,000 in 3 months, an additional 25,000 bonus Avios for spending $10,000 in 12 months, and another 25,000 Avios for spending $20,000 in 12 months for up to 100,000 bonus Avios.
Earn 2.5 Avios for every $1 spent on British Airways purchases and 1.25 Avios for every $1 spent on all other purchases. No foreign exchange fees. 10% off paid BA tickets. Every calendar year that you make $30,000 in purchases, you will earn a free companion ticket when you redeem Avios for a flight on British Airways. (If you can swing $30,000 in spending in 2013 on a new card you’d have at least 137,500 Avios and the companion cert) $95 annual fee.
You can read more about Avios in this post (and don’t miss the related links there either). Along with United and American it’s one of my favorite currencies due to 4,500 mile one-way award tickets, no expedite/close-in fees, an awesome infant lap child policy that saved us $1,000 when we flew to Argentina in first class earlier this year, and now surcharge free awards to Israel for 30K each way.
The Ink business cards used to require $10,000 in spending but were lowered to $5,000.
Getting 2 cards that requires a total $10,000 in 3 months isn’t all that daunting.
-You can load $5,000 of Vanilla Reloads (that can be bought on a credit card at stores like CVS) on Bluebird per month and from there you can pay off your credit card bill. You can also load Vanilla Reloads onto Vanilla Debit cards and you can take out a cash advance (with no maximum limits!) from your Vanilla Debit card for free. Plus of course there’s Amazon Payments which lets you send and receive $1,000 per account per calendar month for free from your credit card.
-Or just stock up gift cards to places like gas stations, airlines, clothing stores, Amazon.com, and much much more from an office supply stores to meet a spend threshold while earning 5 points per dollar.
-You can combine strategies by buying a $500 gift card from Office Depot for $4.95 and cash it out via Amazon Payments (see this post for the trick to do that). Buy $10,000 of those on 2 new Ink cards and you’re looking at 150,000 points for a total cost of under $100 for some $2,800 worth of miles.
-Or you can buy prepaid gift cards and just use them for your everyday spending, thereby earning 5 points per dollar (less a small fee that amounts to the value of perhaps 0.5 points per dollar) everywhere!
Related posts on Ink cards:
-A List Of Gift Cards Sold By Office Supply Stores (All will earn 5 points per dollar)
-Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards.
-Updated Chase Ink Limited Time Offers
-A Rundown Of The Chase Ultimate Rewards Program And Ultimate Rewards Cards
-Chase Ink Bold. 50,000 bonus Ultimate Rewards points for spending $5,000 in 3 months. Points transferable to BA (OneWorld), United (Star Alliance), Korean (Skyteam), Southwest, Hyatt, and more or for 1.25 cents each towards airfare. 5 points per dollar on up to $50K per year on wireless, landline, cable services, and at office supply stores. 2 points per dollar on gas and hotels. 1 point per dollar elsewhere. 2 free lounge visits per year for primary and for all free additional users. No foreign exchange fees. No fee first year then $95.
-Chase Ink Plus. 50,000 bonus Ultimate Rewards points for spending $5,000 in 3 months. Points transferable to BA (OneWorld), United (Star Alliance), Korean (Skyteam), Southwest, Hyatt, and more or for 1.25 cents each towards airfare. 5 points per dollar on up to $50K per year on wireless, landline, cable services, and at office supply stores. 2 points per dollar on gas and hotels. 1 point per dollar elsewhere. 2 free lounge visits per year for primary and for all free additional users. No foreign exchange fees. No fee first year then $95.
The difference between the cards is that the Bold card is a charge card that must be paid back in full every month while the Plus card is a credit card that offers 0% APR on purchases and transfers for 6 months and best of all carrying a balance on a business card won’t hurt your credit score. That difference can help you get approved for both cards if you need to call Chase’s awesome Reconsideration department. Reconsideration can also move part or all of the credit line from personal or business cards to approve a business card.
You can call reconsideration to get your cards approved as soon as you are done applying.
There are also Ink cards with no annual fees like Chase Ink Classic and Chase Ink Cash. These cards give 20K bonus points for spending $3,000, down from the previous threshold of $5,000. These cards also give the incredible 5 points per dollar, though it’s capped at $25,000 per year instead of $50,000.
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.
-If you need more inspiration for a Chase 3BM you can check out this post on how I got 105,000 miles and $100 cashback on a Chase United consumer and business card (click on “are you a business owner” in the top-right). The fee waiver for the first year, the free checked bag, expanded United saver and standard award availability, priority boarding, elite upgrades on awards, free club passes, and primary CDW rental car coverage that almost no other card offers are just gravy on top of that killer signup bonus.
-Other favorites of mine include Chase Sapphire Preferred for the 40K signup bonus with the fee waived for the first year and 2.14 points per dollar on all travel and dining with no forex fees, Chase Freedom for the Exclusives program and the 5 point per dollar program on a card with no annual fee, and Chase Hyatt for 2 free nights worldwide (which includes a portfolio of $1,000/night dream hotels) along with other useful benefits and an annual free night. I’ve churned all of these myself and have them all in my current 13 card Chase portfolio