Unfortunately, the rumors that you’ve heard about the Chase Ink Bold being discontinued are true. Fortunately though, there is still time to get this card! I actually live right above a Chase branch so went in yesterday to speak to the business manager about this. He confirmed that on November 17, 2014 you will no longer be able to apply for the Chase Ink Bold. Those that already have the card will not be affected, at least not that he knows of. There is always the chance that Chase could get rid of the card for those grandfathered in at some point down the line, but typically they give card members far enough notice.
So if you already have the card, what should you do? Nothing! You have the card and are good to go. Unless you heard something from Chase at some point, keep on using it like you typically do. Remember though, you are able to get a Chase Ink for each business you have, so if you have another EIN and you were thinking about getting it for that, there is still time to apply.
If you do not have the card and it has been on your radar to apply for, what should you do? Well, consider including it into your next month of applications. Remember, you have until November 17, 2014 to apply for the card.
While you have a limited time to apply for the Chase Ink Bold card, you have even a smaller window to for the current sign up offer for the Chase Ink Plus card (note: The Chase Ink Plus card is not being discontinued). The current bonuses for the two cards:
- Ink Bold® Business Charge Card – This card is no longer available. 50,000 bonus points after you spend $5,000 in the first 3 months; $95 annual fee waived for the first year. Related blog post
- Ink Plus® Business Credit Card: – 50,000 bonus points after you spend $5,000 in the first 3 months; $95 annual fee waived for the first year. Related blog post
Do you need to have a registered business to apply for the card? The short answer is no. You are able to apply for a card as a “Sole Proprietorship” and use your social security number. If you have any side businesses, even if they are not registered businesses, you can apply for a business card and use your name as the business name, if you want. For example, I applied and got approved for the Chase Ink Plus card prior to filling out all the paper for Deals We Like.
My suggested strategy: If you were interested in getting both the cards, which you are able to do as they are different products. I’d suggest going for the Chase Ink Plus now since this is a limited time offer, and then worrying about the Chase Ink Bold a few weeks later. Chase has no set rule on how many credit cards you can apply for within a given time period. The reason that many people want to let some time pass between Chase card applications is that you can be denied simply due to “too many recent inquiries.” However, if you haven’t gone crazy with too many credit card sign apps in the past few months, there is no harm in applying. Reminder: Both cards have a $5,000 minimum spend requirement so make sure you’ll be able to meet this spend prior to applying. And this means not going out of your way to make unnecessary purchases just to meet the minimum spend requirement.
Let me know if you have any questions!
Disclosure: This post contains affiliate links for the Chase Ink Plus credit card. As always, thanks for supporting the blog and enjoy traveling on a deal!
The information for the Chase Ink Bold has been collected independently by Deals We Like. The card details on this page have not been reviewed or provided by the card issuer.