Chase is offering 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening with the Ink Business Preferred® Credit Card. The annual fee is $95.
Thanks to Staff Member EfficientGame645 for finding this deal.
Card Details:
Original Post
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Edited July 12, 2024
at 02:51 PM
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Chase is offering 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening with the Ink Business Preferred® Credit Card. The annual fee is $95.
Card Details:
Earn 100k bonus points after you spend $8,000 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 Travel℠
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
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.
Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
Points are worth 25% more when you redeem for travel through Chase Travel℠
Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
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Also you can make estimated payments on your federal tax I believe it's 1.87% fee then reduce your withholdings to pay less to account for estimated payment. Otherwise get it back next year as refund etc..
Ever have an IDEA for a business but haven't done anything with it yet? Look, you have a business!
Apply as a sole proprietorship, the business name is the same as your name, the EIN is your SSN.
You can do considerably better than 3 cents a point with most business and first class airline transfers (a booking to Japan earlier this year in business was about 7.4 cents a point for me for example though this is toward the high end)
Also I'd double check your "normally" results- 3 cents is high for typical Hyatt use, 2-2.5 is more typical.
Mind you- Hyatt is still worth doing compared to the portal or PYB or taking it as cash-- and even usually beats coach airfare values--- but typically is inferior to biz/first plane tickets via transfers.
How much are you spending that you're earning 3 million UR every year?
This is actually a much LOWER spend that it has been for most of the last couple years- normally it's been 15k for this card.
https://www.doctorofcre
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And where do you live that property taxes are only 8k? Anyone buying around here nowadays is paying 30k and our salt deduction is capped which is bogus.
And where do you live that property taxes are only 8k? Anyone buying around here nowadays is paying 30k and our salt deduction is capped which is bogus.
That's a lot for property taxes! I pay $1600 for property taxes annually for a 2200 sqft house.
PS. I ask because the agreement states explicitly that the card is not to be used for personal or household expenses.
PS. I ask because the agreement states explicitly that the card is not to be used for personal or household expenses.
They could not care less what you buy (outside of illegal things or massive manufactured spend on prepaid VISA cards)
It says that because business cards don't have the same consumer protections personal ones do (specifically many consumer protections included in the Credit Card Act of 2009 don't apply to business credit cards) and they don't want you complaining to them later about it.
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Of course- again Chase does not care what you spend your money on.
Ever have an IDEA for a business but haven't done anything with it yet? Look, you have a business!
Apply as a sole proprietorship, the business name is the same as your name, the EIN is your SSN.
Or on the other side, doing a deal like this with a side project that I *want* to be a real business - that I've even started up an LLC for the sake of turning it into a business - could cause my personal assets to be considered "comingled" with a real side business that I'm doing, and make me liable if my side business gets sued for some reason.
I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?
I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?
I am not a lawyer who is licensed to practice law in your state and this is not legal advice.
But in my completely lay opinion yes you're being massively overly paranoid for no reason on both sides of this.
Also you can make estimated payments on your federal tax I believe it's 1.87% fee then reduce your withholdings to pay less to account for estimated payment. Otherwise get it back next year as refund etc..
Also, if you itemize your 1040, credit card fees for taxes are deductable.
I don't believe that has been true for years now for individuals-
https://www.progressive
In short: no, an individual can't deduct credit card processing fees.
There used to be options to do this, but that all changed a few years ago.
Back in 2018, a major overhaul of the tax rules took place. In fact, it was the biggest change to tax rules in 30 years. This overhaul happened under the Tax Cuts and Jobs Act, or TCJA.
This led to huge changes in how both individuals and businesses filed their taxes—including what deductions are now permitted for individuals.
In summary, it eliminated many itemized deductions that taxpayers could make use of before. This change included the one transaction cost that was deductible: credit card payments made to the IRS.
Or on the other side, doing a deal like this with a side project that I *want* to be a real business - that I've even started up an LLC for the sake of turning it into a business - could cause my personal assets to be considered "comingled" with a real side business that I'm doing, and make me liable if my side business gets sued for some reason.
I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?
They don't care… my wife and I both have the Ink Unlimited and Ink Business Preferred. We've also referred each other for the additional bonus points. Short of doing manufactured spends, Chase doesn't care… they're gonna get their annual fee and they're getting 2-3% on your spend toward the bonus. They're making money… why scare off business by scrutinizing purchases that may or may not be businesses expenses.
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