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Ink Business Cash® Credit Card: $900 Bonus Cash Back After you Spend $6,000 in the First 3 Months Expired

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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.

Original Post

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Edited March 20, 2023 at 07:44 AM by
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®.
  • 0% introductory APR for 12 months on purchases
  • Member FDIC

Slickdeals may be compensated by Chase.
Created 10-28-2022 at 10:58 AM by iconian | Staff
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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.

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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

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.

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Joined Sep 2009
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Knightshade
03-02-2023 at 12:59 PM.
03-02-2023 at 12:59 PM.
Quote from caspersdeals :
If you sign up as a sole proprietor, can you still do your taxes for free with credit karma or not anymore since you have a business. Thanks in advance

Why would Credit Karma care? Especially if you only have a business for opening business cards but have 0 actual business income.
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Joined Jul 2019
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> bubble2 236 Posts
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VolatileVolition
03-03-2023 at 08:06 AM.
03-03-2023 at 08:06 AM.
I finally applied used my LLC EIN and was instantly approved. Lots of upcoming business bills and purchases, so this is going to be an ez 90k points. Thanks OP!
Reply
Joined Dec 2005
Chief Bottlewasher
> bubble2 1,033 Posts
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candelabra
03-03-2023 at 09:26 PM.
03-03-2023 at 09:26 PM.
Quote from ChoosyBeggar :
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.
That is 100% NOT the case. Matter of fact i had separate logins amd chase merged them at their instigation. All the accounts are combined, and on some pages you select the blue oval at the top to toggle personal and business. Been that way for years. Check it out
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Joined Dec 2014
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ZeusAfterDark
03-05-2023 at 09:45 AM.
03-05-2023 at 09:45 AM.
Quote from DANIELP8588 :
Property tax!
I like that!!!!​

well ok but how is property tax a biz expense?
Reply
Joined Dec 2014
L5: Journeyman
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ZeusAfterDark
03-05-2023 at 09:52 AM.
03-05-2023 at 09:52 AM.
Quote from JohnathanC8680 :
Anyone have any idea if they will approve a brand new llc? For say pressure washing.

I'm sure it's stated biz income just don't go wild on it also mostly based on your personal credit score anyway
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Joined Dec 2014
L5: Journeyman
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ZeusAfterDark
03-05-2023 at 09:54 AM.
03-05-2023 at 09:54 AM.
Quote from SayvorE :
I got 22k line so told them cut my other ink down from 10 to 5k. Paypal myself 7200, got 97200 points on my 1st bill literally netting a nice return on my investment

"paypal yourself?" ...what you talkin about Willis?
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Joined Dec 2014
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ZeusAfterDark
03-05-2023 at 10:16 AM.
03-05-2023 at 10:16 AM.
Quote from Statikp :
you can apply as sole prop which works. qualifying for a business credit card is a very broad subject. selling a couple things on any of the marketplaces or ebay and that counts even

when apply as sole prop using ssn does cl show up on your personal credit?
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Joined Sep 2009
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Knightshade
03-05-2023 at 10:18 AM.
03-05-2023 at 10:18 AM.
Quote from ZeusAfterDark :
when apply as sole prop using ssn does cl show up on your personal credit?

The hard pull when applying shows on your personal report- nothing else will


Quote from ZeusAfterDark :
well ok but how is property tax a biz expense?

nobody cares if it's a business expense or not unless you're also trying to deduct it from your taxes
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Joined Apr 2011
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newbharry
03-05-2023 at 10:23 AM.
03-05-2023 at 10:23 AM.
Quote from ZeusAfterDark :
well ok but how is property tax a biz expense?
it totally is a biz expense when its a rental.
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Joined Oct 2003
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chillair
03-05-2023 at 10:27 AM.
03-05-2023 at 10:27 AM.
Quote from AdrianR3 :
Thanks so it likes the difference between the 3 Chase Business card offers:
Chase Business Cash Card:
- 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
- No Annual Fee

Chase Business Unlimited Card:
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee

Chase Business Preferred:
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- $95 Annual Fee

Seems like for my business needs, the Business Preferred is the way to go but I wouldn't make any of those incredible thresholds. So Chase Business Cash Card seems like the better deal compared to Unlimited based on the increased CB percentages for specific transactions.

Just incase anyone was curious trying to figure out the differences. I also understand you can apply for 3 and get approved for all 3 as well, if your business has that much financial spending coming up to meet all thresholds. Good stuff though, lots of rewards.

I couldn't find on Chase site how referral works, say if I have a relative referring me but they do not have this specific Card, would they still be credited for it? I don't see a field to enter a code, only a referral link provided to me by my relative but again leads to a Consumer card rather than this Business card offer.

Any thoughts?
If you have the Sapphire Preferred or Sapphire Reserve, you probably don't need the Business Preferred any more since the Sapphire will allow you to transfer your points to partners already. I would go for the Unlimited or the Cash since the bonus is high on those at the moment, and the Business Preferred is only a little bit higher with a lot more spending required.

As of the referral, your relative would need a business card to give you a business card referral. But a business card referral will give you a choice of applying for either one of the three business cards, so your relative doesn't necessarily need to have the same card that you want to apply, just any business card should work.
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Joined Dec 2014
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ZeusAfterDark
03-05-2023 at 10:40 AM.
03-05-2023 at 10:40 AM.
Quote from bluekiwi :
I do not have a business. Applied using SSN and sole proprietor listed, made up a # for business income. Was not asked what credit limit I wanted, was given $14k

what were your data points? credit score? derogatory? income?
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Joined Sep 2011
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bluekiwi
03-05-2023 at 01:30 PM.
03-05-2023 at 01:30 PM.
Quote from ZeusAfterDark :
what were your data points? credit score? derogatory? income?
my credit score is 825
no derogatory items listed
income is 6 figures

I pay all of my cc in full every month. I apply only for the bonuses and I have already received this bonus.
I have rental properties so if they asked, I technically would have a business
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Joined Aug 2011
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samsingla
03-05-2023 at 03:40 PM.
03-05-2023 at 03:40 PM.
The $6k has to be spent on valid business expenses? I know it matters to the IRS, but does it matter to Chase?
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Joined Sep 2011
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bluekiwi
03-05-2023 at 09:03 PM.
03-05-2023 at 09:03 PM.
Quote from samsingla :
The $6k has to be spent on valid business expenses? I know it matters to the IRS, but does it matter to Chase?
I spent $3500 on tuition and the rest on amazon and other stores. Already received the 90k points, chase does not care
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samsingla
03-05-2023 at 09:23 PM.
03-05-2023 at 09:23 PM.
Quote from bluekiwi :
I spent $3500 on tuition and the rest on amazon and other stores. Already received the 90k points, chase does not care

Thank you!
Reply
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