Seeking $750, a reader finds a 200K offer…

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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:
      1. Open a new Chase Business Complete Checking account with your offer code (use the link above to get the offer emailed to you)
      2. 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.
      3. 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

My Take

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!

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