Ink 60K Is Back

[Dan]

http://www.dansdeals.com/archives/43804

[menachem_m]

Any idea till when?

[noturbizniss]

I seem to recall these signup came around just about a year ago as well.

[ranhan429]

I know Dan has said time and time again that if Joe Smith simply wants to track his eBay expenses he can open this card. But can someone explicitly answer these two questions:

1. won't irs then expect u to file sole proprietorship forms with taxes
2. What if chase submits something to govt at end of yr summarizing business expenses

[AnonymousUser]

I seem to recall these signup came around just about a year ago as well.

Correct; I got IB then. I think it was in July.

[avrumy]

I know Dan has said time and time again that if Joe Smith simply wants to track his eBay expenses he can open this card. But can someone explicitly answer these two questions:

1. won't irs then expect u to file sole proprietorship forms with taxes
2. What if chase submits something to govt at end of yr summarizing business expenses

you only have to report to the irs if you have at least $400 of net income.

[jaywhy]

Just SM'ed for a match.

[@Yehuda]

you only have to report to the irs if you have at least $400 of net income.

Are you suggesting that everyone here who has "businesses" never write more than $400 as their income on biz apps?

[E-MAN]

Just SM'ed for a match.

+1 and it worked

[whacked1]

What are the t&cs with this card, if I had it within a yr? Can I get it again?

[noturbizniss]

you only have to report to the irs if you have at least $400 of net income.

You are not telling chase that you are a complete business with forms and everything, and you are not lying about any income. I'ce spoken to them on the phone and I told them its for ebay. They were fine with it.
And so what if chase tells the IRS something. what can they tell the irs? that you have a credit card? they have no ide what the spending is for.

[noturbizniss]

What are the t&cs with this card, if I had it within a yr? Can I get it again?

1. Been asked many times and the answer is still yes
2. Dan specifically answered the question in the comments :http://www.dansdeals.com/archives/43804/comment-page-1#comment-728663

[avrumy]

You are not telling chase that you are a complete business with forms and everything, and you are not lying about any income. I'ce spoken to them on the phone and I told them its for ebay. They were fine with it.
And so what if chase tells the IRS something. what can they tell the irs? that you have a credit card? they have no ide what the spending is for.

+100

[David T]

If I still have my Ink (MasterCards) cards open from last year’s 60k promo and I want to apply under the SAME BUSINESS, is it possible to get the points again and then transfer my credit line and cancel the old cards? Or should I cancel first and then apply?

[Marco Polo]

If I still have my Ink (MasterCards) cards open from last year’s 60k promo and I want to apply under the SAME BUSINESS, is it possible to get the points again and then transfer my credit line and cancel the old cards? Or should I cancel first and then apply?

You can apply while it is open.

[David T]

You can apply while it is open.

Thanks! what is the maximum amount of cards one should reasonably (without pushing it too far) apply for at one time from Chase? Business and Personal?

[Marco Polo]

Thanks! what is the maximum amount of cards one should reasonably (without pushing it too far) apply for at one time from Chase? Business and Personal?

Not sure there is a set number, but you will most likely get multiple pulls.

[E-MAN]

You can apply while it is open.

What reason would you give when asked why opening more cards?

[Marco Polo]

What reason would you give when asked why opening more cards?

New business, track different spending...

[yitzf]

What reason would you give when asked why opening more cards?

David has a Mastercard from last year, the new cards are Visa, so you just tell them that you have vendor who only accepts Visa.