Ink Business Cash® Credit Card: $900 Bonus Cash Back After you Spend $6,000 in the First 3 Months
Expired
+74Deal Score
166,096 Views
Chase is offering a $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening with the Ink Business Cash® Credit Card. No annual fee.
Thanks to Deal Editor iconian for posting this deal.
Card Details: Slickdeals may be compensated by Chase.
Chase is offering a $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening with the Ink Business Cash® Credit Card. No annual fee.
Card Details:
OFFER ENDING SOON: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal Score+74
166,096
Views
These responses 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.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Yes, apply as a sole proprietor with your social security number instead of an EIN and your business name the exact same as your own legal name. Zero employees. Business income can be listed as little as $1,000 (resale, babysitting whatever it is you do)
Most Ink card require a recon call or get a pop-up saying you will hear about a decision later. About 90% of people get that. Also, most get a low limit ($3-4K)
Remember the $900 comes back as points, not cash (but can be converted to cash).
Got this card mid October for the regular $750/7500 promotion. Called in today to see if I could get the $900/6000 promotion and they did it no problem, just have to have reached the 6000 threshold when calling. In case anyone is in the same situation as I was 👍🏻
No, they most certainly don't, and no, it's not income
I've got 7 figures of Chase UR points and 0 1099s.
It's not income.
The IRS agrees it's not income.
If you have to spend anything to get it, it's a REBATE, not income. Not taxable, No 1099.
Here's a bunch of sources all telling you you're wrong
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
Sign up for a Slickdeals account to remove this ad.
This will be reported as taxable income by Chase to the IRS.
I do not believe that is accurate- credit card spending signup bonuses are never taxable and they don't send 1099s for them.
Now- you MIGHT get one for REFERAL bonuses, but not signups--- and even then ONLY if you received more than $600 worth of referrals in the same year.
Quote
from mojohnnybravo
:
i already have this one, but often hear about people saying you can get multiple inks (more than the cash and unlimited, like 2 cash or 2 limited or something it sounds like). is that true and can i get this one even if i already have one?
IIRC you can have one using your SSN (sole proprietor biz) and then if you have any actual EINs each of those could also get one.
As a general rule of thumb, credit card rewards earned by spending money are not counted toward taxable income. If you collect $200 in cash back for spending $1,500 in three months, for example, that wouldn't be considered taxable -- because of the spending requirement.
The Internal Revenue Service (IRS) has fairly clear guidelines about the taxability of reward programs as they pertain to personal use of credit cards. Rewards earned by making credit card purchases are considered by the IRS to be a form of rebate or a reduction in the price of the purchases made with the credit card. That's great news for those saving their frequent flier miles for that family vacation, the new computer or gift card. These types of earned rewards are not taxable.
I could list 20 more- they'd all say the same.
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
Ah, I stand corrected. Yes I was thinking this would be treated more like a pure signup bonus with no spend. You are right that credit card cash back is not taxable for the reasons you list (ie treated as a rebate/discount to the purchase price) and I suppose this could be thought of similarly.
Chase will not allow you to merge business and personal credit card accounts onto a single website login. You'll need to have separate logins if you have both personal and business credit cards.
False. The mobile app is literally designed with this feature in mind. I have a button to switch between personal and business accounts.
interesting. How do you pay your property taxes if you have an escrow account? I wouldn't want to pay property taxes twice.
You have to ask your bank to remove your escrow account so you can taxes and other expenses directly. Your bank will then guide you on their requirements - if they even allow it.
Quote
from Nolimit167
:
interesting. How do you pay your property taxes if you have an escrow account? I wouldn't want to pay property taxes twice.
Grabbed this card a few years ago. Used it solely to get the cash back for my internet and cell phone bills, until Verizon offered a better discount using auto pay (direct withdrawal from my bank account). Now, I rarely use it except for infrequent purchases from Staples.
Side note: Chase will not allow you to merge business and personal credit card accounts onto a single website login. You'll need to have separate logins if you have both personal and business credit cards.
I have both although I don't remember how the guy in the branch set it up for me but he did it somehow. Had to make a second account for me though that has everything (and I still have my original personal only account but don't use it anymore)
Got approved instantly for 3k as a sole proprietor. Said I was in business since last July. 5,000 in revenue a year. 1,000 in spend a month. Apparently I am a tire dealer.
Will move some credit from other Chase account over to the card once I have it.
Got approved instantly for 3k as a sole proprietor. Said I was in business since last July. 5,000 in revenue a year. 1,000 in spend a month. Apparently I am a tire dealer.
Will move some credit from other Chase account over to the card once I have it.
Can you do this? Are there any limits for how much can be moved over?
Yeah I never heard of paying property taxes with a credit card unless some stupid fees. People just make sh*t up.
Agreed, and also you can't "pre-pay" utilities with your credit card, if you can at all (also mentioned in this thread). I love the discussion, but it's simply not true/possible (without fees that negate the bonus).
Available credit through Chase is available credit. They don't care which card or account you allocate it to.
Dang too bad…I just called and they cannot move credit lines from person to business (or vice versa). I didn't have any other business accounts so no option. They said they can do another hard pull and consider a request for a credit increase but doesn't seem worth it….
390 Comments
Your comment cannot be blank.
Featured Comments
Most Ink card require a recon call or get a pop-up saying you will hear about a decision later. About 90% of people get that. Also, most get a low limit ($3-4K)
Remember the $900 comes back as points, not cash (but can be converted to cash).
I've got 7 figures of Chase UR points and 0 1099s.
It's not income.
The IRS agrees it's not income.
If you have to spend anything to get it, it's a REBATE, not income. Not taxable, No 1099.
Here's a bunch of sources all telling you you're wrong
https://www.cnbc.com/select/are-c...%2Dtaxable.
https://www.cnet.com/personal-fin...s-taxable/
https://calibrecpa.com/tax-regula...k-rewards/
I could list 20 more- they'd all say the same.
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
Sign up for a Slickdeals account to remove this ad.
I do not believe that is accurate- credit card spending signup bonuses are never taxable and they don't send 1099s for them.
Now- you MIGHT get one for REFERAL bonuses, but not signups--- and even then ONLY if you received more than $600 worth of referrals in the same year.
IIRC you can have one using your SSN (sole proprietor biz) and then if you have any actual EINs each of those could also get one.
Our community has rated this post as helpful. If you agree, why not thank Knightshade
No, they most certainly don't, and no, it's not income
I've got 7 figures of Chase UR points and 0 1099s.
It's not income.
The IRS agrees it's not income.
If you have to spend anything to get it, it's a REBATE, not income. Not taxable, No 1099.
Here's a bunch of sources all telling you you're wrong
https://www.cnbc.com/select/are-c...%2Dtaxable.
Instead of being seen as income, "they are treated as rebates or discounts on what you purchased,"
https://www.cnet.com/personal-fin...s-taxable/
https://calibrecpa.com/tax-regula...k-rewards/
I could list 20 more- they'd all say the same.
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
I've got 7 figures of Chase UR points and 0 1099s.
It's not income.
The IRS agrees it's not income.
If you have to spend anything to get it, it's a REBATE, not income. Not taxable, No 1099.
Here's a bunch of sources all telling you you're wrong
https://www.cnbc.com/select/are-c...%2Dtaxable.
https://www.cnet.com/personal-fin...s-taxable/
https://calibrecpa.com/tax-regula...k-rewards/
I could list 20 more- they'd all say the same.
The only time you get a 1099 from Chase (or any bank) for CREDIT CARD BONUSES is if it's a non spending bonus
Like a referral.
And ONLY if those add up to more than $600 in a year.
NOT for signup bonuses which require spend. Which, again, are not taxable and no 1099 is issued
Also taxable would be things like offering you $ or points for opening a checking or savings account--- because you don't need to SPEND anything. So if that added up to more than $600 you'd get a 1099.
But credit card spend required signups? Not income. No 1099.
https://photos.app.urlh
Sign up for a Slickdeals account to remove this ad.
Side note: Chase will not allow you to merge business and personal credit card accounts onto a single website login. You'll need to have separate logins if you have both personal and business credit cards.
Will move some credit from other Chase account over to the card once I have it.
Will move some credit from other Chase account over to the card once I have it.
Can you do this? Are there any limits for how much can be moved over?
Dang too bad…I just called and they cannot move credit lines from person to business (or vice versa). I didn't have any other business accounts so no option. They said they can do another hard pull and consider a request for a credit increase but doesn't seem worth it….
Sign up for a Slickdeals account to remove this ad.