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2-tier welcome bonus offer
One feature of the Chase’s Ink business credit card is that it has a relatively high spending limit to earn a welcome bonus. New changes to the Ink Business Cash® Credit Card* It will be easier to get the welcome bonus.
Previously, Ink Business Cash offered customers $750 in bonus cash back when they spent $6,000 on purchases within the first three months of account opening. The issuer currently divides this welcome bonus into his two tiers. A new cardholder can earn $350 cash back if he spends $3,000 on purchases in her first three months from account opening. What’s more, after he spends $6,000 in his first six months, he can even earn $400 cash back.
In addition to the card’s no annual fee, this tiered welcome bonus makes it an even stronger choice for business owners with low monthly expenses. It is not worth making unnecessary purchases in a short period of time to get a welcome bonus. So this new offer will give him twice as much time to reach the $6,000 threshold in regular business spending.
cashback commemorative bonus
To further increase your chances of earning cash back on this card, Chase is introducing a new feature called the 10% Business Relationship Bonus.
If you have an Ink Business Cash card and a Chase Business Checking account, you can earn a one-time 10% bonus on all eligible cash back earned in your first year on your first card anniversary. For example, if you earn $2,500 in cash back, you’ll receive a $250 bonus.
Ink Business Cash already rewards spending in common categories, so this bonus can be pretty big for your business. Cardholders earn 5% cash back on the first $25,000 of combined purchases at office supply stores and Internet, cable, and phone services during each account’s anniversary year, and on gas purchases on each account. Earn 2% cash back on the first $25,000 of combined purchases at stands and restaurants. A year of commemoration. On all other purchases he will earn 1% cashback.
If your spending primarily falls outside of your card’s bonus benefit categories, this bonus will further enhance spending that typically only earns you 1% cash back.
Automatic credit limit increase
For new business owners, accessing capital to grow their business can be essential. Rounding out the Ink Business Cash improvements, Chase now automatically evaluates her account for a credit limit increase every six months or sooner.
The chance to receive a higher credit limit pairs well with the card’s current introductory APR offer. Ink Business Cash offers a 0% introductory APR on purchases for 12 months. Thereafter, purchases and balance transfers will be subject to a standard APR of 18.49% to 24.49%. A balance transfer fee of $5 or 5% of each transfer amount, whichever is greater, will apply.
If you’re looking to get your business off the ground, a high credit limit with an introductory 0% APR can help you finance big-ticket items. Remember to pay off the balance in full by the end of the introductory date to avoid accruing interest and potentially putting your business into useless debt.
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