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Edited November 6, 2024
at 06:38 PM
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Chase is offering
$900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening with the
Ink Business Unlimited® Credit Card. The annual fee is $0.
Card Details:
Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
Earn unlimited 1.5% cash back on every purchase made for your business
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
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.
0% introductory APR for 12 months on purchases
Member FDIC
Read our review on the
Ink Business Unlimited® Credit Card
Slickdeals may be compensated by Chase.
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I think someone got their wires crossed between Ink Preferred and Ink Unlimited. Which one is the increased SUB actually for?
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Thanks , good to know, and since it's a business card , will 5/24 rule be applied still ?
Sorry new to this
The hard pull shows on personal as a check of your credit because you're listing yourself as a responsible party on behalf of the business.
The newly opened business card does not show on your personal report as a new account-- because it's opened in the name of the business-- which is the relevant part for 5/24 reasons.
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The newly opened business card does not show on your personal report as a new account-- because it's opened in the name of the business-- which is the relevant part for 5/24 reasons.
Gotcha thanks for the info
So if that regard, if someone here makes a fake business to get $900 bonus offer, I don't see any crime happening.
Theres a reason why rich people are richer and why some are poor cos the rich know how to use the system as the "system" was designed for rich people 100 years ago.
Nobody makes 1 billion in salary. You can count on your fingers, with fingers left over, the number that even get over 1/10th of that in total compensation (and most of THAT compensation tends to be stock options, not cash salary)
What they do is make 1B in say the value of their stock in the company going up- then instead of selling the stock (incurring taxes) they borrow against the stock at lower-than-available-to-the-poors interest rates, and thus avoid having significant taxable income at all.
Not just CEOs, but wealthy people in general- Here's a well known NYU professor explaining it
https://finance.yahoo.c
In fact, this loophole could allow some individuals to avoid taxes in perpetuity. "Basically it's invest, borrow against it and die, put it into a trust and then pass it on to your kids," he said.
So long as the assets keep increasing in value as much, or more, then the interest on the loans (which is pretty trivial to do unless you're a REALLY terrible investor- heck at these numbers even government bonds will often pay more than the interest on your asset loans), you keep getting richer while paying no income tax, since loans aren't income.
Even better- that interest is often deductible, so you can use it to offset what income you DO have and avoid taxes on that too.
There's some added complexity for stock-based compensation like huge options packages--- those you're going to get forced into paying taxes on- but all that really means is some % of the SBC is sold off to cover the tax bill on the remaining, majority, of the SBC-- and you then use the method described at the top to never have to sell or be taxed on further gains on the remaining stock.
Can someone confirm this is ok?
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