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The extended 70,000 point Ink Plus® Business Card offer is great news for a bunch of us who need a few more days since you now have until the 19th of October! However, can you get a second one? And, do you need an EIN or would an EIN help you?
First off, you can read about how simple and quick it is to get an EIN. I have one for my small business as do many others. Thus, I can get an INK card for that business as well as my other business I run in the summer time only (I custom build golf clubs as a sole proprietor and got a second card to keep spending separate on that card). Others perhaps get an EIN for banking only reasons (one of the choices).
- Limited Time Bonus Offer: Earn 70,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $875 toward travel when you redeem through Chase Ultimate Rewards®.
- Named “Best for Travel Rewards for Small Business” MONEY® Magazine, October 2013
- Earn 5X 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 2X 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.
- No foreign transaction fees.
- 1:1 point transfer to leading frequent travel programs with no transfer fees.
$95 Annual Fee - Terms & restrictions apply.
Bottom line is the 70,000 point Ink Plus® Business Card offer is one of the best offers that has been out in the public and the extra days to apply has been great news for many travel enthusiasts! – Rene
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
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Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Great info. Thanks. 2 questions:
1. If I get a free EIN on the federal IRS site, must I register the business in my state? If “it depends,” then my next question would be: does registration matter in the Chase app?
2. Reading your post, I’m still not sure if getting an EIN will help me get a Ink. There are steps here, but does an EIN actually improve one’s chances of approval or is a SSN just as useful. I’ve heard that EIN apps are actually more scrutinized.
@Beck – Check with your state. As to Q2 I would think it would only HELP you. YMMV. It helped me get two (one with EIN one with SSN).
Lets say I have two Business cards one from SSN and other from EIN (Ink Plus in this case), will that make me eligible for two promotion bonuses?
@Shaan – It should. There should be no reason you can not have one card for each biz. Now, having said that, and I know a personal friend who has done just that, card two took a few months to get AOK from Chase. It may take time.
First, using a sole proprietorship for any business is just plain wrong. There are no circumstances that anyone should use this form of business.
Second, you can only get an EIN for a sole proprietorship if you have employees or a Keogh plan.