Check If Targeted: Chase Business Cards, Earn 5,000 Bonus Points With $5,000 Spend (Can Be Done 3X)

The Offer

Check the Chase My Bonus link to see if you are targeted (or check email for Subject: Announcement: <your name>, we’re excited to offer you extra points on your business expenses)

  • Activate and get 5,000 bonus points when you spend $5,000 on your Chase business card during May, June, and July. Offer can be done three times for a total bonus of 15,000 points.

The Fine Print

  • To be eligible for this bonus offer, you must activate by 07/31/22 11:59 PM ET.
  • You will qualify for and receive your bonus if you make Purchases with your credit card that total an amount at or above the specified target amount during the promotional period.
  • Purchases posted to your account with a transaction date during the offer period are eligible for this offer. Delays by the merchant, such as shipping, could extend the transaction date beyond the offer period.
  • Please allow up to 8 weeks after qualifying for bonus points to post to your account. (“Purchases” do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.)
  • Bonus can be earned 3 times during the promotional period for a total maximum bonus points accumulation of 15,000 bonus points.
  • To qualify for this bonus offer, account must be open and not in default at the time of fulfillment. This promotional offer is non-transferable.
  • Eligible credit cards: Chase Ink Business Cash Card, Chase Ink Cash Card, Chase Ink Business Unlimited Card, Chase Ink Plus Card or Chase Ink Business Preferred Card.

Our Verdict

I got an email about this on both my INK Cash and INK Unlimited cards and others are getting it on other Chase business cards as well. Presumably it would show up as well on the Chase My Bonus link if you are targeted.

This can be a terrific offer on the right card with the right spend volume. It can spruce up a 5x earn at Office Supply stores to be 6x instead. Or if can spruce up a 1.5x everywhere on INK Unlimited to become 2.5x everywhere. For example, you can make a $5,000 tax payment for a 1.87% fee and get 2.5x Ultimate Rewards which are worth 3.75% if you have CSR PYB for a net profit of $94. Other people value their Chase points at even more than 1.5 cents.

Source: doctorofcredit.com

Apply for a Credit Card and Get Approved: Step-By-Step Guide

A credit card can be a useful tool for managing your money. But before tapping into the benefits, the first thing to know is how to get a credit card. There are some requirements, and some tips that can help when it comes to getting approved.

Here’s the lowdown on the key things to know to apply for a credit card — and most importantly, to get approved for a credit card.

What to Consider When Applying for a Credit Card

Before you worry about how to get a credit card, it’s helpful to first understand what a credit card is. As the first word in its name suggests, a credit card is a line of credit, which is a type of flexible loan that enables you to borrow money up to a fixed limit.

When an individual charges a transaction at a business that accepts credit card payments, the credit card company pays the merchant. The cardholder must then pay back the credit card company by a designated date. Otherwise, they’ll incur interest charges.

This basic premise of how credit cards work means the card company is taking a risk when extending credit to any individual. They assess that risk via an application that determines not only whether the individual gets approved for a credit card, but also factors like their credit card limit and annual percentage rate (APR) on a credit card.

Before applying, there are some important considerations that can help improve your chances of getting approved for a credit card.

Learn About the Terms Associated with Your Credit Card

Evaluating different credit cards can feel overwhelming for a newbie, so it’s a good idea to get familiar with some basic credit card terms that are common across all credit cards. Here are some common terms you might run into in a credit card application and as you begin to use your new card:

•   Balance: Your balance is the amount of money you owe on your credit card. This can include purchases (even paying taxes with credit card) as well as any fees, balance transfers, and cash advances.

•   Balance transfer: A balance transfer is when you move money from one credit card to another credit card, ideally one with a lower APR. This can allow you to pay off your debt more easily, though you’ll often pay a balance transfer fee to move over the balance.

•   Billing cycle: A credit card billing cycle is the period of time between the regular statements you receive from your credit card company. Usually, billing cycles occur on a monthly basis.

•   CVV: The card verification value, or CVV number on a credit card, is a three- to four-digit number that appears on a physical credit card. It serves as an additional layer of security in transactions that occur over the phone or online.

•   Expiration date: A credit card expiration date represents when a credit card is valid until. Usually shown as a month and a year, you can use your credit card up until the last date of that month in that year.

•   Late fee: The late fee is a charge you’ll incur if you miss making at least your minimum payment by your payment due date. To avoid this fee, it’s important to alway pay on time, even if you’re in the midst of disputing a credit card charge, for instance.

•   Minimum payment: The credit card minimum payment is the least amount you must pay each month on your outstanding balance. This can be a flat amount or a percentage of your outstanding balance.

•   Purchase APR: The APR for purchases represents the total annual cost of borrowing money through purchases made with your credit card. This APR applies only on remaining balances after the statement due date.

Decide on the Type of Credit Card You Need

There are a number of different types of credit cards out there that can serve different needs. For instance, there are:

•   Travel rewards credit cards

•   Cashback credit cards

•   Credit-building credit cards

•   Balance transfer credit cards

While most of the above types of cards are unsecured credit cards, meaning no deposit is required, there are also secured credit cards. These do require a deposit, though they may also be more accessible to those with limited or low credit.

Different types of cards offer different benefits, and they may also vary when it comes to things like annual fees or average credit card limits.

There may also be differences in the requirements for getting approved. It’s not so much a question of how old you have to be to get a credit card — rather, different cards may have varying requirements for minimum income or credit score needed to qualify.

Before applying, it’s a good idea to do some comparison shopping to find a card that not only fits your needs but also that you’re eligible for.

Check Your Credit Score

Your credit score is a number that indicates the likelihood that you’ll repay a debt. It’s based on your credit history, and banks use it as a tool for evaluating credit card applications and deciding whether to approve them.

Here are some common factors that can affect your credit score:

•   Payment history, including on-time payments, missed payments, and having an account sent to collections

•   Credit utilization, or how much one owes relative to their total available revolving credit

•   Length of credit history

•   Types of credit accounts

•   Recent activity, such as applying for or opening new accounts

Generally, the higher an individual’s credit score, the more creditworthy they’re considered. If using the FICO scoring model, here’s a general breakdown of what various scores mean:

•   Less than 580: Poor

•   580-669: Fair

•   670-739: Good

•   740-799: Very good

•   800+: Exceptional

It’s a good idea for an individual to know their score and their chances of getting approved before applying for a credit card. The credit score required will vary depending on the type of credit card. For example, rewards credit cards, which come with big perks, tend to require a good credit score. But some types of credit cards, such as secured credit cards, may be more accessible to those with lower credit scores because they pose a lesser risk to lenders.

It’s worth noting that pulling one’s own credit information is considered a “soft inquiry” and does not reduce their credit score. When you apply for a new credit card, however, it will generate a “hard inquiry,” which can lower your credit score temporarily.

Where to Apply for a Credit Card

Credit cards are offered through banks, credit unions, retailers, airlines, colleges and universities, and a host of other institutions. This means that there are a variety of places where one can apply for a credit card — and often a number of ways to apply.

You can apply for a credit card in person, such as at a bank branch or retail location. Or, you may apply over the phone. Most credit card issuers also offer online applications, which add convenience to the process.

How to Apply for a Credit Card: What Information Is Required

While application requirements will depend on the credit card issuer, what you need to apply for a credit card generally includes:

•   Annual income

•   Address and length of time at that address

•   Date of birth

•   Phone number

•   Social Security number

•   Employment status and sources of income

•   Financial accounts and/or assets

•   Financial liabilities

•   Country of citizenship and residence

There is also some information that credit card issuers are not allowed to consider in evaluating a credit card application due to laws protecting applicants from discrimination. This includes:

•   Age

•   Sex

•   Marital status

•   Race

•   Religion

What Happens If Your Application Is Turned Down?

Getting turned down for a credit card is indeed disappointing. When a credit card application is declined, you have the right to know why. You can request details about your application in the form of an adverse action letter, which includes the reason for the denial, details about your credit score, and notice of the right to dispute the accuracy of information provided by the credit reporting agency.

This can serve as helpful context for understanding why an application was declined. It can also help in determining what the appropriate next steps are for improving one’s chances of approval, if and when you apply for another credit card. For instance, you may consider applying for a credit card that has less stringent credit requirements, or you may take steps to improve your credit score and try again at a later date.

Apply for a SoFi Credit Card Online and Earn 2% Cash Back1

Applying for a credit card doesn’t have to be complicated or feel intimidating. While it can feel like there’s a lot to learn, by getting a handle on common credit card terms and knowing your own credit score, you’ll be better positioned to find a credit card that’s right for your needs. From there, you can start comparing your options and know what to expect when it comes to how to get a credit card.

It’s easy to apply for a SoFi Credit Card online — and there’s only a hard credit score inquiry if your application is approved. Best of all, if your application is successful, you’ll earn 2% cash back to save, invest, or pay down an eligible SoFi loan.

FAQ

How do I choose a credit card?

Choosing a credit card is a personal decision that depends on your needs, preferences, financial habits, and eligibility. Before applying for a credit card that appears to fit your needs, it’s a good idea to check your credit score and any other requirements, such as minimum income, to improve your chances of getting approved.

How long does it take to get a credit card?

The length of time it takes to get a credit card can depend on a number of factors, including the eligibility requirements and how an application is submitted. Some online credit card applications offer fast or even instant approval, although it can take some additional time for the credit card to arrive in the mail.

What questions do they ask when you apply for a credit card?

The exact questions in a credit card application will depend on the credit card company, but may include personal details such as your address, phone number, Social Security number, employment history, other financial accounts, annual income, and current financial liabilities.

Does your credit get pulled when applying for a credit card?

Generally, a credit card company will do a hard credit inquiry before extending final approval. However, there may be some scenarios where a credit card issuer may only do a soft inquiry, such as if an individual has been preapproved for a credit card or already has a banking relationship with the credit card issuer.


1See Rewards Details at SoFi.com/card/rewards.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. A hard credit pull, which may impact your credit score, is required if you apply for a SoFi product after being pre-qualified.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’swebsite .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
The SoFi Credit Card is issued by The Bank of Missouri (TBOM) (“Issuer”) pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Photo credit: iStock/Dome Studio
SOCC0222003

Source: sofi.com

How I use my Citi Custom Cash Card

Citi is an Advertising Partner

With the Citi Custom Cash℠ Card, you’ll automatically earn 5% cash back on purchases in your top spending category each billing cycle (up to the first $500 spent, then 1% back), as well as an unlimited 1% cash back on all other purchases. This card also offers a generous sign-up bonus and zero-interest period on purchases and balance transfers. Considering these perks and the lack of an annual fee, it’s easy to see why the Citi Custom Cash may be worth owning.

To find out how to best use the Citi Custom Cash Card, we interviewed two loyal cardholders—David Attard, head of marketing operations at Aphex Media, and Forrest McCall, owner of Don’t Work Another Day.

Attard says he’s a “big fan of the Citi Custom Cash Card,” because “it provides a wide array of services.” If you’re considering applying for this card and are wondering more about these services, keep reading to learn more.

Cash back earnings

“In my opinion, one of the best aspects of the Citi Custom Cash Card is its ability to provide 5% cash back on the first $500 in an eligible, top-earning category each month, making it hard to find another card that offers bonus cash back on purchases in those categories,” says Attard. The card helps him “earn rewards on purchases from a big concert to fitness clubs, or a gym membership to online streaming platform billings.”

Each billing cycle, you’ll earn 5% cash back on purchases in your top spending category (up to the first $500 spent, then 1%), which is really helpful in maximizing your cash back rewards. These categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment. Although the cash back rewards are one of Attard’s favorite aspects of the card, he notes that, although the card “offers cash back in many distinctive categories, the rewards are limited.”

It’s important to point out that there are exclusions when it comes to the Citi Custom Cash’s rewards categories. For example, the restaurant category excludes third-party food delivery services like Uber Eats, and the grocery category excludes superstores and wholesale clubs.

No annual fee

Another reason Attard likes using his Citi Custom Cash is because he can “earn solid rewards without any registration and an annual fee.”

Since the Citi Custom Cash doesn’t charge a yearly fee, you won’t have to worry about earning enough cash back each year to offset costs associated with the card. This is an easy way to help you maximize your cash back earnings.

Sign-up bonus

Another reason the Citi Custom Cash Card is popular among consumers is that it offers a competitive sign-up bonus.

“Admittedly, I initially chose the card because of the lucrative sign-up bonus,” says McCall. “I already had a large purchase planned, so it made sense to receive the $200 bonus.”

If you spend $750 on purchases in the first three months as a cardholder, you’ll earn $200 cash back. If you’re already maximizing your rewards by spending $500 in one of the card’s bonus categories, this will be an easy threshold to meet.

0% intro APR

One of the other main reasons McCall loves his Citi Custom Cash Card is thanks to its zero-interest offer. Cardholders can take advantage of a 0% intro APR on purchases and balance transfers for 15 months. After that, you’ll be charged a variable APR between 13.99% and 23.99% depending on your credit, which is average for cash back cards.

When he first considered applying for this card, McCall says “the 0% intro APR made it even more undeniable. The great sign up bonus, plus the 0% intro APR, are an excellent combination that makes this card stand out.”

Bottom line

The Citi Custom Cash Card is a solid rewards card option for consumers looking for flexible spending opportunities to earn cash back. Its notable sign-up bonus, lack of an annual fee and zero-interest offer on both balance transfers and new purchases is icing on the cake.

After speaking to real-life cardholders, it’s clear that the Citi Custom Cash is a valuable credit card for consumers looking to maximize cash back rewards.

Source: creditcards.com