I’ve always enjoyed traveling but about 5 years ago I got really into using miles and points to travel around the world. There aren’t many hobbies that will pay you but travel hacking is one of them! Now a days, I talk all about it on my other blog and freelance write about it on various travel sites around the net (a lot less these days though now that I’m focused on rideshare!). It’s been a fun and rewarding hobby for many years but occasionally it will also serve another purpose. Today, I’m going to share a great limited time offer that could be rewarding and very lucrative for all of you business owners out there.
The Chase Ink Plus Card is currently offering a sign-up bonus of 70,000 points that’s worth up to $845 in travel rewards or 1-3x that if you redeem for travel with one of Chase’s partners like Southwest, United or Hyatt. I’ve been signing up for credit cards for a while and this is one of the top 5 offers I’ve ever seen. Chase Ultimate Reward Points are extremely flexible and if you don’t ever travel, you can even redeem the points for cash ($700 for 70,000 points).
A Tool For Your Rideshare Business
One of the topics I’m going to be exploring over the next couple months is how to set up your rideshare business. A dedicated credit card is just one of the tools you’ll need in order to streamline and automate your business finances. I know a lot of you right now are taking pictures of your receipts or filing them away for tax time and probably just spending way more time than you should be on this stuff. So going forward, I’m going to be teaching you how to be more efficient at managing your business’ finances so that you can save yourself time and money.
The nice thing about having a dedicated business card is that you can link it to your favorite money management software and it will auto-import and categorize all of your transactions. That way, you never have to worry about tracking your expenses since the software will do it for you or you can just look it up in your card’s annual summary at the end of each year. I currently use Personal Capital to track my net worth but I’m looking at other services that are a little more business specific for rideshare.
The Fine Print
You might find it odd that a credit card company would be giving away something so valuable but don’t worry they are still going to get their money. The card comes with a 70,000 point bonus but you have to spend $5,000 in 3 months and there is an annual fee of $95 that is not waived. The card does give you 5x points back on telephone, cable and office supply purchases though (it is a business card after all). So you could possibly use it to pay for things like your cell phone bill and get 5%+ off of that.
Credit cards are not for everyone though so if you can’t pay off your bill in full every month you obviously shouldn’t be considering signing up for this card or any card for that matter. Here’s a quick tip: pay for everything with cash until you have zero credit card debt. It’s way harder to spend cash than it is to spend credit as countless studies have shown.
The card doesn’t require top notch credit but the closer you are to a 700+ credit score, the better your chances of getting approved will be.
Verify Your Business
Chase doesn’t grant instant approval on business cards very often so more than likely you will be asked to call in and ‘verify some of your business information’. Obviously the more income you have, the longer your business has been established and the more revenue you have the better your odds of getting approved will be. I actually already have one of these cards for another business of mine but since this is such a great offer I’ll probably do another one for my rideshare activities.
If you’ve never applied for a business credit card, have no fear, here are some tips.
And for those who don’t know, if you’re denied for this card, that does not mean all hope is lost. You can call the reconsideration line (800-453-9719) and try and sweet talk your way into getting approved. Here are some tips for calling the reconsideration line.
One Final Disclaimer
As one final disclaimer, I think credit cards are a great tool if used correctly. I’ve racked up A LOT of cards over the years and a ton of miles and points while maintaining a great credit score. But there’s a reason why credit card companies can give out 70,000 points for signing up for one card. They make a lot of money off people who don’t pay their bill in full and pay 15-20% interest for years and years. Don’t be one of those people! Being a business owner is all about taking advantage of opportunities that are presented to you, not getting taken advantage of.
If you’d like to sign up for the Chase Ink Plus 70k offer, please consider using my referral link. This is a limited time offer so if you sign by October 10, I will receive a small commission if you are approved. Either way though, whether you end up getting this card or not it’s a smart idea to have at least one credit card dedicated to all of your business expenses going forward. It will make reporting, tracking and tax time A LOT easier!
Get 70,000 Points (Worth $845+) From Chase Ink Plus
Sign up for the Chase Ink Plus Business Credit Card and you’ll receive 70,000 bonus points after you spend $5,000 in 3 months. This offer ends Oct. 10, so sign up now!
-The Rideshare Guy
Latest posts by Harry Campbell (see all)
- RSG098 – Dustin Nicol on How He Turned YouTube into a Full Time Job! - June 11, 2019
- Fair First Week Free Program for Uber Drivers in California - June 6, 2019
- RSG097: Ditching Rideshare for Truck Driving - June 4, 2019