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Every year, I applied for multiple credit cards with perks. My overstuffed (mobile) wallet is piled high with over 20 reward credit cards from a long list of banks, which speaks for itself.
And while it’s probably time to get rid of credit cards properly, they all make sense to me in different ways. But he realized it had been nearly a year since he applied for a new card. Recurring earnings and card perks are great, but so are big, sweet sign-up bonuses.
I already have a card with a high annual fee, so this time I targeted the Ink Business Cash Credit Card, a card with no annual fee and a big bonus.
The Ink Business Cash has no annual fee and, for a limited time, is currently offering a $900 bonus after you spend $6,000 within the first three months of account opening. This matches the highest offer ever for this card. I did this now because the offer is about to end.
That may sound great, but I don’t run a small business, so it’s completely useless to me. Well, that may be true. However, you may be running a small business without even realizing it.
Here’s how and why I applied without an LLC and without much business income or expenses.
Related: Who Can Get a Small Business Credit Card?
Why choose the Ink Business Cash credit card?
The no annual fee, generous sign-up bonus for a limited time, and consistent point earning rate made this card an easy choice for me.
The card name includes the word “cash” and is often sold as $900 cash after you spend $6,000 in the first six months, which is great, but there are If you have 90,000 Chase Ultimate Rewards points, you can use that instead. A premium Chase card, such as the Chase Sapphire Preferred, or chase sapphire reserve.
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TPG values transferable Chase points at 2.05 cents each (which you get when combined with the premium Ultimate Rewards card), and when you factor in that $900 cash bonus, any Hyatt, United, and Chase points. It’s worth $1,845 in points to use. Hotel and airline transportation partners.
These points will likely be used to fund these trips this year, with big-ticket award stays at Hyatt properties in Tokyo and Paris, as well as Hyatt beachfront all-inclusive hotels in Mexico.
In addition, this card has no annual fee, but you will earn 5 points per dollar (or 5 % cashback). service.
I love earning 5 points per dollar on gift cards sold at office supply stores like Disney and Amazon, so this also helps with my spending and income strategy.
Related: Why apply for the Chase Ink Business Cash Card?
How a very small business applied and was approved
I run an LLC, but that’s not the company that applied for this card. Instead, I didn’t use it for this because I wanted to keep expenses from the LLC venture separate (and I already have some Ink cards attached to that business anyway).
I started selling some things online from time to time (like closet organization items or unusable timeshare accommodations) and was making a few thousand dollars a year.
I applied for this card as a (very small) business with only a few thousand dollars in annual revenue and minimal expenses. As a sole proprietor, I haven’t done much formality with this business so far, so I applied using my name as the business name and my Social Security number instead of an Employer Identification Number (EIN). did. Because I don’t have a number to use for this.
After applying, I received a pending status instead of being approved immediately. My status took about 10 days to process, but was eventually approved with no additional action required on my part.
Related article: Do I need a business to get a business credit card?
conclusion
My shiny small business credit card has a very low credit limit of just $3,000, but that’s fine for now. He can spend up to $6,000 in his first three months to earn a 90,000 point bonus. He can then start a new business in 2024 and earn more than $1,800 in redeemable points. . All have no annual fee.
If you want to recreate my plan, you absolutely should, but I recommend doing so as soon as possible before this best-ever offer ends.
If the Chase Ink Business Cash isn’t the card for you, there are other Chase small business cards that currently have welcome bonuses that reach up to 100,000 bonus points.
Apply here: Get $900 after you spend $6,000 in the first 3 months with the Chase Ink Business Cash Credit Card
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