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Chase Card Bonus Worth At Least $600

Chase Ink Bold credit cardChase has increased the sign-up bonus on its Ink Bold Business Charge Card and its Ink Plus Business Credit Card.

You’ll earn 60,000 bonus points after you spend $5,000 within your first 3 months as a cardholder. That’s up from 50,000.

These points are worth $600 in cash or gift cards or $750 in travel. You can also transfer points to other airlines’ frequent-flier reward programs at a 1:1 rate with no fees.

This bonus could help you top off your accounts so you have enough miles for award travel.

You’ll also earn 5 points per $1 spent on the first $50,000 per year at office supply stores and on cell phone, landline, Internet and cable TV services; 2 points per $1 spent on the first $50,000 per year at gas stations and for hotel accommodations purchased directly through the hotel; and 1 point per $1 on everything else, with no spending caps.

Reward points don’t expire, but there is a 2,000-point redemption minimum.

The cards have a $95 annual fee, which is waived the first year.

For lower spenders, and those who don’t want to pay an annual fee, there’s the Ink Cash Business Card.

It has a $300 sign-up bonus after you spend $3,000 within your first 3 months.

Best of credit card series

Can you guess which card we think is the best small business credit card?

Hint: You’ll find out more details about the line of cards you’re reading about now.

The free card has similar ongoing rewards, but the 2 points back category swaps restaurants for hotels, and you only earn bonus points on the first $25,000 per year in the 5x and 2x categories.

Ink Cash also has 0% APR on purchases and balance transfers for 12 months, which could help you pay for a business purchase when cash flow is temporarily tight. The APR is 13.24% variable thereafter. The balance transfer fee is 3% of the amount transferred.

The annual fee card is clearly the best deal in year one, but to earn enough miles to break even with the annual fee in subsequent years, you’d need to charge $9,500 annually (each point is worth 1 cent).

All three are business credit cards, but credit card companies typically set the bar to qualify as a business pretty low. If you have any type of self-employment income – say, from child care, selling stuff online or advertising on your website – you’re considered a sole proprietorship.

Just be aware that if your application isn’t automatically approved online and you have to call in, Chase might ask for details like your annual business income, annual business spending and line of work.

The biggest difference between the Ink Bold Business Charge Card and the Ink Plus Business Credit Card is that the former is a charge card, meaning that you must pay off the balance in full each billing cycle. The latter has a variable APR of 15.24%.

With Ink Bold and Ink Plus, you won’t pay any foreign transaction fees when traveling abroad or making purchases domestically from overseas merchants.

Both also work with a Chase app called Jot that lets you snap, tag and file receipts on the go – helpful for tracking business expenses and keeping tax records.

If you have employees you want to give cards to, there’s no extra charge, and you can set different spending limits on each card.

The fine print states that these three bonus offers are “valid only for first-time cardmembers with new accounts. Previous and existing cardmembers/accounts are not eligible.”

You can find these credit cards at creditcards.chase.com.

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