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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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.