Ink Business Cash® Credit Card: $900 Bonus Cash Back After you Spend $6,000 in the First 3 Months
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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.
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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.
It was $750 when I got the card 2 months ago.
Still enjoying the card and getting tons of 5% reward points at office supply stores(GCs), cell phone and internet bills.
Once you get the points, you can transfer to your personal Sapphire cards for travel redemption at rates of 1.25x or 1.5x(Reserve)
You should request a match via SM. Got an extra 15K.
It was $750 when I got the card 2 months ago.
Still enjoying the card and getting tons of 5% reward points at office supply stores(GCs), cell phone and internet bills.
Once you get the points, you can transfer to your personal Sapphire cards for travel redemption at rates of 1.25x or 1.5x(Reserve)
Send a SM and request a match. i got 15k successfully.
"I certify, understand and agree that:
This is a business account which shall be used only for business purposes and not personal, family or household purposes."
How serious is this? Apparently $6000/3 months is too much for solely "business purposes".
You can transfer UR (which is what this, and most other first party chase cards, actually use as their reward currency). UR can be used as cash back though it's one of the less valuable uses for it.
Quote
from zyrst
:
I am trying to apply and saw this in last step.
"I certify, understand and agree that:
This is a business account which shall be used only for business purposes and not personal, family or household purposes."
How serious is this? Apparently $6000/3 months is too much for solely "business purposes".
Chase doesn't care what you use the card for- they have to say that because business cards don't' have the same consumer protections as personal cards.
This will be reported as taxable income by Chase to the IRS.
I have signed up for multiple credit card promo offers over the past 2 decades, mostly with Chase but also with Amex and others. I have NEVER received a 1099 from any of them for the bonus signup promos I earned. Are you speaking from actual experience, or just supposed logic?
I have signed up for multiple credit card promo offers over the past 2 decades, mostly with Chase but also with Amex and others. I have NEVER received a 1099 from any of them for the bonus signup promos I earned. Are you speaking from actual experience, or just supposed logic?
You forgot the 3rd option: talking out of their ass for imaginary internet points.
How are people transferring points to their Sapphire card? It seems like the business account is completely separate from everything else.
Ultimate Rewards has a "Combine Points" tab and you can move points from business to personal accounts there. Makes this a truly Slick $1350 deal.
Just got $5K line, my second Chase Business line, will need to transfer some of the credit line from the existing card so I can pay my property taxes this month (the joy of living in Texa$ with its crazy high property taxes).
So, we spend about $3k/month in groceries, kids' activities, medical bills, online purchases, etc. Do I need to only put business expenses on this card, or would it be okay to use it as our everyday card for a couple of months? Would they flag it and give me trouble for that?
I have couple of rental properties and I lease them through property management. Does it count as business to apply for this card?
And the combined rent on these two, I get around 48k/year. So shall I put the revenue as 48k? The net cash flow is less as I pay mortgage and taxes and fees on these.
Any help will be appreciated
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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.
Still enjoying the card and getting tons of 5% reward points at office supply stores(GCs), cell phone and internet bills.
Once you get the points, you can transfer to your personal Sapphire cards for travel redemption at rates of 1.25x or 1.5x(Reserve)
Still enjoying the card and getting tons of 5% reward points at office supply stores(GCs), cell phone and internet bills.
Once you get the points, you can transfer to your personal Sapphire cards for travel redemption at rates of 1.25x or 1.5x(Reserve)
"I certify, understand and agree that:
This is a business account which shall be used only for business purposes and not personal, family or household purposes."
How serious is this? Apparently $6000/3 months is too much for solely "business purposes".
Yes cross transfers are possible and easy.
Last I checked spouse transfers to a single account were also possible, you just declare shared household.
Sign up for a Slickdeals account to remove this ad.
"I certify, understand and agree that:
This is a business account which shall be used only for business purposes and not personal, family or household purposes."
How serious is this? Apparently $6000/3 months is too much for solely "business purposes".
Chase doesn't care what you use the card for- they have to say that because business cards don't' have the same consumer protections as personal cards.
Just got $5K line, my second Chase Business line, will need to transfer some of the credit line from the existing card so I can pay my property taxes this month (the joy of living in Texa$ with its crazy high property taxes).
Sign up for a Slickdeals account to remove this ad.
And the combined rent on these two, I get around 48k/year. So shall I put the revenue as 48k? The net cash flow is less as I pay mortgage and taxes and fees on these.
Any help will be appreciated