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Ink Business Unlimited® Credit Card: Earn $900 Bonus Cash Back After You Spend $6k in the First 3 Months Expired

+56 Deal Score
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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:


Read our review on the Ink Business Unlimited® Credit Card

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Original Post

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Edited November 6, 2024 at 06:38 PM by
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

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384 Comments

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Featured Comments

You can. You just need to put your ssn and sole proprietorship as the business type and only you as the employee
Something's wrong with this deal description, says $95 annual fee and immediately after, No annual fee.

I think someone got their wires crossed between Ink Preferred and Ink Unlimited. Which one is the increased SUB actually for?
You don't need to. You can own a business with your ssn as sole proprietorship type. There is nothing faking about it. You can intend to start something and start slow after getting the card as well.

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Joined Feb 2008
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> bubble2 2,249 Posts
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pcman2000
10-04-2024 at 09:06 PM.
10-04-2024 at 09:06 PM.
Quote from wadew :
Creditkarma is free and does a good job of listing all accounts and their open dates.
I'm not finding this now on Credit Karma. The old school directions do not lead me to this.
1
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> bubble2 470 Posts
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wadew
10-04-2024 at 09:22 PM.
10-04-2024 at 09:22 PM.
Quote from Bibhu3108 :
Personal or business credit card together rite ?
No just the personal cards count towards the 5/24.
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Joined Jul 2005
L4: Apprentice
> bubble2 470 Posts
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wadew
10-04-2024 at 09:24 PM.
10-04-2024 at 09:24 PM.
Quote from pcman2000 :
I'm not finding this now on Credit Karma. The old school directions do not lead me to this.
After creating my account, I go to the credit menu at the top, then accounts, click on each credit card, then report info and it gives you the open date along with age of account.
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Joined Nov 2017
L3: Novice
> bubble2 256 Posts
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Bibhu3108
10-04-2024 at 09:52 PM.
10-04-2024 at 09:52 PM.
Quote from wadew :
No just the personal cards count towards the 5/24.

Thanks , good to know, and since it's a business card , will 5/24 rule be applied still ?
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Joined Jul 2005
L4: Apprentice
> bubble2 470 Posts
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wadew
10-04-2024 at 10:07 PM.
10-04-2024 at 10:07 PM.
Quote from Bibhu3108 :
Thanks , good to know, and since it's a business card , will 5/24 rule be applied still ?
You need to be under 5/24 to be approved, but if approved, it won't count towards it.
Reply
Joined Feb 2006
L2: Beginner
> bubble2 81 Posts
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rtconner
10-05-2024 at 12:04 AM.
10-05-2024 at 12:04 AM.
Can I get a second chase business card and cancel my existing one just for the free $950?
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,359 Posts
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Knightshade
10-05-2024 at 06:36 AM.
10-05-2024 at 06:36 AM.
Quote from beshoy.s.aziz :
How doesn't it report to the personal credit report? Does it put a hard hit when applying ? It asked for my ssn before i got to put the EIN
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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Joined Feb 2008
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pcman2000
10-05-2024 at 11:31 AM.
10-05-2024 at 11:31 AM.
Quote from wadew :
After creating my account, I go to the credit menu at the top, then accounts, click on each credit card, then report info and it gives you the open date along with age of account.
Thanks, I was there but didn't see the report info button. I also was weirded out that it wasn't showing all my cards but like Knightshade said both Chase and Amex biz cards don't show there.
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Joined Jul 2005
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> bubble2 470 Posts
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wadew
10-05-2024 at 12:56 PM.
10-05-2024 at 12:56 PM.
Quote from rtconner :
Can I get a second chase business card and cancel my existing one just for the free $950?
Yes as long as you are under 5/24. And it is suggested that you wait 90 days between applications.
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Joined Nov 2014
L2: Beginner
> bubble2 99 Posts
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beshoy.s.aziz
10-05-2024 at 04:17 PM.
10-05-2024 at 04:17 PM.
Quote from Knightshade :
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.

Gotcha thanks for the info
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Joined Feb 2008
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pcman2000
10-05-2024 at 05:17 PM.
10-05-2024 at 05:17 PM.
Okay, approved and in for another one thank you to Knightshade and others for all the answers.
Reply
Joined Jan 2011
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briank642
10-08-2024 at 05:26 AM.
10-08-2024 at 05:26 AM.
Quote from Fragster :
Corporate companies have been shady stuff for decades and IRS knows it very well and this is how rich CEOs can make 1 billion salary and only pay $5k in taxes cos they do tax writeoffs for golf sessions and private jets as "work related".

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.
You think a CEO makes $1 billion salary and pays $5k in taxes? Lol, thanks for the laugh.
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Knightshade
10-08-2024 at 07:33 AM.
10-08-2024 at 07:33 AM.
Quote from briank642 :
You think a CEO makes $1 billion salary and pays $5k in taxes? Lol, thanks for the laugh.

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.com/news/in...00643.html

Quote :
when wealthy people want to buy something, they borrow against their capital assets, such as stocks and bonds, instead of selling them. This allows them to avoid paying capital gains taxes on the appreciated value of their assets.
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.
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Last edited by Knightshade October 8, 2024 at 07:41 AM.
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asterosdeals
10-08-2024 at 09:12 AM.
10-08-2024 at 09:12 AM.
If I can't spend all $6k at the end of 3 months, i guess I can just get a bunch of gift cards as they'll appear on the statement as regular charges.
Can someone confirm this is ok?
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Cynder
10-08-2024 at 09:26 AM.
10-08-2024 at 09:26 AM.
Fyi, although anyone can start a sole proprietorship - the card agreement for Ink cards specifically says that they should only be used to pay for business expenses. So if you are just starting a new business, keep in mind that it might be difficult to rack up the $6,000 in business expenses within 3 months that is required for the SUB.
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