Correction: In the original version of this post I wrote that the reader had applied online for the business banking account, but he had actually applied in-branch and received the credit card offers described below via email.
A reader going by SamBam reached out with a very interesting find. After opening a Business Complete Banking account in-branch
online in order to earn $750, he was emailed an interesting deal on his choice of two Ink Business cards:
Ink Business Preferred 160K Offer
- 100,000 points after $15,000 spend in first three months
- 60,000 points after $50k total spend in first six months
- Total: 160,000 bonus points after $50K spend
Ink Business Unlimited 200K Offer
- $750 back (75,000 points) after $7500 spend in first three months
- $1250 back (125,000 points) after $50k spend in total spend first six months.
- Total: $2,000 (200,000 points) after $50K spend
In both cases, the first part of the promotion exactly matches the current public offers for these cards. The new part is the extra bonus you get with a total of $50,000 spend in six months. Of the two offers, the Ink Business Unlimited offer is clearly better (assuming you complete the $50K spend). Plus, since the Ink Business Unlimited earns 1.5x everywhere, the $50K spend will generate another 75K points for a total haul of 275,000 points. That’s an average of 5.5 points per dollar with $50K spend.
If you want to try your luck to see if you’ll be offered something similar, you can apply for the business banking account online:
- Public offer link: account.chase.com/consumer/business/XT49992
- To earn $750, you must:
- Open a new Chase Business Complete Checking account with your offer code (use the link above to get the offer emailed to you)
- Deposit a total of $10,000 or more in new money within 30 days of coupon enrollment and maintain a $10,000 balance for 60 days.
- Complete 25 qualifying transactions within 90 days of coupon enrollment. Qualifying transactions include debit card purchases, Chase QuickAccept deposits, Chase QuickDeposit, ACH (Credits), wires (Credits and Debits).
- Doctor of Credit has more info about the deal here
I don’t know about you, but personally I’m not going to pursue this because I’m too busy trying to meet minimum spend on multiple cards: 100K Capital One Venture offer, 100K Chase Sapphire Preferred offer, 150K Amex Business Platinum add-on, etc… That said, if you’re a big spender and you like your Ultimate Rewards points (who doesn’t?), this combination of bank bonus and new credit card bonus could be hard to pass up!