I have made no secret of my appreciation for Chase Ultimate Rewards. From my perspective, Ultimate Rewards are among the best points currencies out there, and I want to maximize the number I earn to the extent possible. If I could carry only one credit card, it would be the Chase Sapphire Preferred Card which earns Ultimate Rewards. I’ve carried that card for 2 years, and will continue to for the foreseeable future. Sapphire Preferred nets 2 Ultimate Rewards points per dollar for travel and dining purchases, and 1 point per dollar for all other purchases. I like to travel and I like to eat, so that’s a good card for me, but I wanted more. Yes, I recently became the last blogger on earth to apply for one of the Chase Ink products, and I thought I would share details of the experience with you.
First, the product I selected was the Ink Bold Business Card. I went with the Ink Bold because it is a charge card. I’m not in need of additional credit, and I pay my card bills in full when due. The annual fee is $95 dollars, but is waived the first year. This seemed like the ideal fit for me. So what does the Ink Bold Business Card offer? Let’s look at specifics:
- Earn 50,000 bonus Ultimate Rewards points after you spend $5,000 dollars in 3 months from account opening
- No interest charges because it’s a pay-in-full charge card
- No foreign transaction fees
- Earn 5X points per dollar on the first $50,000 dollars spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services
- Earn 2X points per dollar on the first $50,000 dollars spent annually at gas stations and for hotel accommodations when purchased directly with the hotel
- Free employee cards
- Transfer points you’ve earned to participating frequent travel programs at a 1:1 value
- Direct access to a live advisor anytime
I applied online in late December, and was not instantly approved. I had read recommendations to call the reconsideration line soon after applying if not instantly approved, but I decided to let the normal process play out. However, if you apply, and with to call, the number is 800-453-9719. After applying, a message appeared online that said it could be up to 30 days before I heard anything, so I thought I would just wait it out. The day after applying, I received an alert from my credit monitoring service that my credit report had been pulled, so things appeared to be progressing normally. After 3 weeks, my new Ink Bold Business Card appeared in the mail. I called to activate the card which only took a couple minutes, then I setup online access at chase.com. I already have online access setup for my personal accounts, but you must establish a separate chase.com account for your business cards. Once that is done, you can call Chase and have them merge your business and personal online access under one username, but I have not yet made that call, and I may not. I like the separation between business and personal accounts.
All in all, I would say the process of applying for was simple. I now have an easy way to segregate my business and personal expenses, and best of all, I get to earn Ultimate Rewards points for both.
Disclosure: If you apply for and receive a card product through the links provided in this post, I will receive a referral bonus. As always, I appreciate your readership whether you use my links or not.
-MJ, January, 22, 2013