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In the world of credit cards, the Chase Ink Business Credit Card has been making waves among savvy cardholders. With its generous bonus offers and rewards, it's no wonder that many are eager to learn the best strategies for maximizing its benefits. In this article, we'll dive into the Chase Ink Business Credit Card bonus strategy, inspired by a recent Youtube video featuring Brian Jung and Sebastian from Ask Sebby. Let's explore how you can make the most of this card and its bonuses.
The Chase Ink Business Credit Card: An Overview
The Chase Ink Business Credit Card is a popular choice for business owners due to its competitive rewards program and bonus offers. With a sign-up bonus of up to 100,000 points after spending $15,000 on purchases in the first three months, it's easy to see why this card is a favorite among entrepreneurs. But how can you ensure that you're getting the most out of your Chase Ink Business Credit Card?
The Chase 5/24 Rule
Before we dive into bonus strategies, it's important to understand the Chase 5/24 rule. This rule states that if you have opened five or more credit cards from any issuer within the past 24 months, you will be automatically declined for most Chase credit cards. This rule applies to both personal and business cards, so it's crucial to keep track of your credit card applications.
Brian Jung's Chase Ink Business Credit Card Strategy
In a recent Youtube video, Brian Jung and Sebastian from Ask Sebby engaged in a mock draft of credit cards, focusing on Chase cards and following the 5/24 rule. Brian's strategy was to prioritize business credit cards, specifically the Chase Ink Business Preferred Credit Card. By maximizing the bonus offers and rewards, Brian aimed to make the most of his credit card portfolio.
The Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card offers a sign-up bonus of 100,000 points after spending $15,000 on purchases in the first three months. This card also offers 3x points on the first $150,000 spent on travel, shipping purchases, internet, cable, and phone services, and advertising purchases with social media sites and search engines each account anniversary year. With its generous rewards and bonus offers, it's no wonder that Brian chose this card as his first pick.
The Chase Ink Business Cash Credit Card
Another card that Brian considered was the Chase Ink Business Cash Credit Card. This card offers a sign-up bonus of $750 cash back after spending $7,500 on purchases in the first three months. It also offers 5% cash back on the first $25,000 spent on combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year, 2% cash back on the first $25,000 spent on combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases. While this card may not offer as many points as the Chase Ink Business Preferred Credit Card, it still provides a solid rewards program for business owners.
Maximizing Your Chase Ink Business Credit Card Bonus
To maximize your Chase Ink Business Credit Card bonus, it's important to understand the spending requirements and rewards program. By focusing on categories that offer higher rewards, such as travel and advertising, you can earn more points and reach your bonus faster. Additionally, consider using your card for large purchases, such as equipment or inventory, to quickly meet the spending requirements.
Conclusion
The Chase Ink Business Credit Card is a valuable tool for business owners looking to maximize their rewards and bonuses. By understanding the Chase 5/24 rule and following a strategic approach, you can make the most of your credit card portfolio. Whether you choose the Chase Ink Business Preferred Credit Card or the Chase Ink Business Cash Credit Card, be sure to take advantage of the sign-up bonus and rewards program to boost your bottom line. So, what are you waiting for? Start strategizing and make your Chase Ink Business Credit Card work for you!
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