Ink Plus with Ultimate Rewards | 60,000 Bonus Points Offer
One of the more difficult credit cards to be approved for is a small business credit card. Many small businesses that are just starting out don’t have the credit necessary to be approved for a high-end credit card. Therefore, small business owners often need to put their personal credit on the line when applying for business credit. A friend of mine who runs a business went through this recently; he was required to use his personal assets to guarantee a loan for his business that has existed for several years. It’s similar with credit cards. Anyone can apply for a business credit card as a sole proprietor, but the better the card, the trickier an approval will be. One of the most difficult cards to qualify for is the Ink Plus℠ with Ultimate Rewards℠, currently offering $100 Bonus Cash Back.
Right away, cardholders of the Ink Plus with Ultimate Rewards – 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. These points are worth $750 toward travel when you redeem through Chase Ultimate Rewards. Beyond those bonus points, cardholders also have the opportunity to earn the following extras:
- Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
- Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year
- Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn
- No foreign transaction fees
- $95 Annual Fee
Points are most valuable when redeemed for travel through Chase Ultimate Rewards. There are other ways, however, to use your points. Points can be redeemed for cash or gift cards. The card also comes with trip cancellation or interruption insurance. You also get extended warranty protection and return protection on purchases charged to the card.