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60,000 Ultimate Rewards Points For My Second Ink Plus Card

by on May 12, 2014 · 16 comments

in Business Rewards, Chase

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Update: The offers mentioned below for the Chase Ink credit cards has expired. View the current offers here – Ink Plus, Ink Bold, Ink Cash.  

In March when I wrote about my most recent round of credit card applications, I mentioned that I applied for a second Ink Plus card for a new business that I am starting. Even though I already have an Ink Plus and an Ink Bold, I registered a new small business at the beginning for 2014 and while there is no revenue yet, I wanted to have separate business cards for those expenses as I begin to ramp up operations. I’ve always found that separating business expenses from the start is much easier than trying to go through and assign expenses from one credit card to two or more different businesses.

My 50,000 bonus points posted!

My 50,000 bonus points posted!

I was approved for the card on March 13, 2014 and on April 25, 2014 I hit the $5,000 spend requirement. At the end of the most recent statement close, my 50,000 point bonus posted to my account in the first week of May.

Bigger Bonus Than Anticipated
However, on May 1, 2014 Chase upped the bonus on the Ink Plus and Bold to 60,000 points after the same $5,000 spent (and also $300 for Ink Cash after $3,000 spent within 3 months) so today I called Chase by calling the number on the back of my card, pressed 2 to speak about my account and then got a friendly rep and asked him if I could be eligible for the 60,000 point bonus since I applied just before the bonus increased. Without hesitation, he looked at my account and confirmed I hit the spend and as such, would put in a request for me to get 10,000 additional points. He even provided a 5 digit confirmation code and said the points will automatically post within 7-10  business days and I’ll get an email confirmation when they post. The call was done in under 4 minutes and I personally value Chase points at about 2 cents a pop because they can be instantly transferred to partners like United, Hyatt and British Airways, so it is a nice $200 payday for just a couple minutes of work (even at the lower value of 1.25 cents a point, which you can get by redeeming via Ultimate Rewards travel for any flight, those points are worth $125.)

10 valuable Ultimate Rewards transfer partners

10 valuable Ultimate Rewards transfer partners

All in all, I’m extremely happy with my Chase business credit cards. They allow me to have the spend flexibility I need to grow my businesses with the Ink Bold being a charge card (no pre-set spending limit, but you need to pay off every month) and the Ink Plus gives the ability to pay over time as a credit card (though you should still pay off every month to avoid interest). Not only are the points valuable and 5x/2x spend categories super lucrative, but the customer service is top notch.

For more information on getting the most out of Chase business credit cards and Ultimate Rewards points, see these posts:

Detailed Look at the Benefits of the Ink Bold and Ink Plus Cards
Top 10 Benefits of the Ink Bold and Ink Plus Cards,
A Detailed Look at Ink Bold Benefits You Might Not Know About,
Maximizing Chase Ink Bonus Spending Categories
Maximizing the Ink Office Category Bonus Spending
Maximizing the Ink Bold’s 5X Spending Bonuses With Gift Cards
Maximizing Ultimate Rewards With the Chase Ink Cards
Chase Ink: Which Card Is Best For You
Can You Get Both The Ink Bold and Ink Plus?
Ranking the Chase Ultimate Rewards Transfer Partners
Top 10 Ways To Maximize Each Ultimate Rewards Transfer Partner
Why I Love Chase Ultimate Rewards
Ranking the Top Chase Travel Credit Card Offers

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • CJM

    if I have 5 EIN, in theory, i could maximize this award 5 times, correct?

  • Matt

    For your new business, did you build up credit with a lower end card, or just straight up apply for Chase Ink?

  • Newbie to hobby

    If I get the Ink card will I get shut down if I only spend $3k each month at staples? How much is too much on bonus categories? I would just get gift cards to pay mortgage. Would this raise red flags with Chase? I would want to get close to the 250k rewards points per year. Thanks

  • thepointsguy

    I’m sure there is a point where Chase will draw the line so I can only speak out of personal experience of getting cards for three separate businesses.. I’m curious if others can chime in on their experience

  • thepointsguy

    I doubt spending 3k a month would trigger a shutdown since it is within the terms of the card to get a bonus there. I haven’t heard of too many people getting shut down- certainly not at those levels

  • thepointsguy

    I applied shortly after starting the business- Ink Plus was my first business credit card for that business

  • NH

    How would one be able to use gift cards to pay mortgage and/or rent? My landlord has just been accepting personal checks.

  • Newbie

    Load visa/mastercard gift card onto Bluebird and write a check.

  • Albert

    Any tips on what I can say to the CSR when they ask me about the revenue? (even though it is at $0?) Thanks

  • Stone

    Do you NEED to have a different EIN or can you apply with a second sole proprietorship using your social security number but with a different company name? I asked chase this on the phone and they said you can use your ssn but change the company name. I’m not sure if it would actually be approved. do you have any insight?

    thanks

  • thepointsguy

    You do not need EIN to get business credit cards- SSN as sole proprietorship works as well

  • Stone

    I know to get your first business ink card, you can use your SSN, but if you are trying to get a second card for a second business, can you use your SSN again and just change the name of business?

  • jessica

    i recently closed my chase ink card because I reached the year mark and didn’t find it beneficial to keep. Do you think I would have any trouble getting approved for this card? I paid off all of my balances and never missed a payment.

  • Joe Smoe

    What exactly is the new business?

  • kkgmac

    i would like to know the answer to this too

  • Garret

    TPG – I would like to know the answer to this too! Can you please elaborate?

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