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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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
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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.
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any ideas on how to churn the $6k?
Dont have any such large purchases coming up in the near future, so just trying to figure out what would be the best way to spend the money without really spending it lol
Paypal is one way, but it comes at a $217 cost to do so, which would essentially eat out of the $900 cash back that you'd get from this card, which in turn make is a worser deal that it actually is...
Any ideas?
Simply paying 2 payments of property taxes of your house will be more than 6K. It will cost about 4% fee abour 2 to 3 hundred dollars but you will net $900-300=$600. Still a deal!
DO NOT just redeem for statement credit if you have one of the sapphire cards. There are a ton of transfer partners for higher redemptions. That and many of us jedi's know there are ways (that I would rather not mention here) to get that increased 1.25 or 1.5x redemption for cash
DO NOT just redeem for statement credit if you have one of the sapphire cards. There are a ton of transfer partners for higher redemptions. That and many of us jedi's know there are ways (that I would rather not mention here) to get that increased 1.25 or 1.5x redemption for cash
I would like to know. Can please share more details?
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.
Not true. I have my personal sapphire reserve and two business inks on one. Your personal merges to the business sign on. I also had them align all three to one due date.
DO NOT just redeem for statement credit if you have one of the sapphire cards. There are a ton of transfer partners for higher redemptions. That and many of us jedi's know there are ways (that I would rather not mention here) to get that increased 1.25 or 1.5x redemption for cash
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
Desi ji
Even if you put 1000 income its fine. Just apply as sole proprietor with your ssn
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).
Silly question. The "$900 comes back as points, not cash (but can be converted to cash)" statement-- those points can be converted to cash and withdrawn iao $900? Or less than $900?
Thanks!
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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.
Message sent
Dont have any such large purchases coming up in the near future, so just trying to figure out what would be the best way to spend the money without really spending it lol
Paypal is one way, but it comes at a $217 cost to do so, which would essentially eat out of the $900 cash back that you'd get from this card, which in turn make is a worser deal that it actually is...
Any ideas?
I would like to know too.
I would like to know. Can please share more details?
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.
Sign up for a Slickdeals account to remove this ad.
Does Ink has any clock requirement (24/48 months) like citi, or AMEX life time language terms? can I churn these cards again?
I read offer terms, looks like not mention anything about that. Wanna double check if anyone had experiences.
thanks
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
Desi ji
Even if you put 1000 income its fine. Just apply as sole proprietor with your ssn
Saanu bhi edda hi kidda
Sign up for a Slickdeals account to remove this ad.
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).
Thanks!