$800 Credit Card sign up Bonus...And how to do it

in #finance7 years ago (edited)

Chase offers the Chase Ink Business Preferred Card with 80,000 Ultimate Rewards Bonus Points after making $5,000 in purchases during the first 3 months from account opening.

Card Features:
Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
Earn 3 points per $1 on the first $150,000 spent in select categories each account anniversary year
Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
No foreign transaction fees
Employee cards at no additional cost
$95 Annual Fee

ok you say but 5k? in 3 months I dont have that much stuff to pay. Perhaps you do.

Do you pay rent over $1000 a month. Then use a service like rentshare or renttrack..dont have rent have a mortgage pay by Plastiq or Tio. You see all your trying to do is hit that 5k limit..yeah they charge a fee for this card, but the $800 more than offsets it. These services charge a fee usually 2.5% but keep your eye on the prize $800 or more

Combine to pay with larger bills like car payment groceries and you can hit that limit..Dont forget you can always sell your points to a broker for cash instead of going through chase portal and cashing out.

One last thing this is business card with annual fee. Trust me they dont really know if you have a business so just uses your social security # and say you have a business so you get the card. Cancel after you cashed out or else youll be paying that $95 fee every year which may defeat the purpose of putting an extra $800 in your pocket. Their is free money out there so follow me and lets go get it.

https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred?CELL=6TKV&SP9A=Y71UH0&jp_aid=cc/mptarg1/int/INKP/ccbiz1ink_preferred_card.png

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Thanks for sharing. I will look in to it, I was looking into the chase sapphire reserve, although it has so many cool features but it comes with $495 annual fee.

with that card you also get an airline credit worth $300 so in essence if you fly anyway itll be a $195 card with the offset airline credit...you can always sell the 50k points for about $625 to a broker....but yeah the anuual fee is pretty high..I try to stick to the lower or no annual fee cards.