Reply
Frequent Contributor
Posts: 259
Registered: ‎04-16-2012
0

Ink cash or classic?

My business partner and I both have chase freedom accounts and are looking to get the ink card for our business. We aren't sure which one to get though. We will hve a business checking account so I could see how the ink card will be attached to the checking account info. But I read a lot about the freedom and ink combo earning a lot more points. Since we have two separate freedom cards and will have one business ink card with two cards(mine and his) issued, would we be able to combine the points with our individual freedom accounts? Kind of confusing. Or should we just the ink cash and use the cash for statement credits. I don't know.
Established Contributor
Posts: 937
Registered: ‎07-24-2012
0

Re: Ink cash or classic?

Whoever applies for the card will have access to the points. If you can combine the points with either Freedom depends on how your business account is set up. I'm a sole proprietor so my business accounts share a screen with my personal accounts because I am the only account holder. If you are a corporation or LLC partnership the rules may be different. DIscuss it with your banker as they know the rules. I am sure they will understand your concern about being able to move valuable UR points around. 

 

The Cash just allows you to have a path to convert the points to cash. The Classic does not have that path as it allows transfers to hotel and airline partners. Other than that they are same card, same bonus and same 0% period. 

 

Have you considered each partner opening up an Ink card for the business? You get the Cash and they get the Classic. As business cards for same business you should be able to move points between the two card accounts as well as between your personal Freedom accounts. That would be my plan as you have the option to get cash back and use points for travel. 

 

Also worth noting you could each wait 6 months after getting these cards and then apply for the other card (you the Classic they the Cash) and net the bonuses again as it's a new product. I'm not a point hog or anything, just pointing out what might not be obvious. 

Regular Contributor
Posts: 168
Registered: ‎02-13-2013
0

Re: Ink cash or classic?

2x points categories are different on Cash and Classic. Cash =  gas stations & restraunts, Classic = gas stations & hotels. Since you are getting UR points, it doesn't matter which card you have to convert to cash back.

AMEX Cash Rebate, AMEX Blue Cash, AMEX BCP, Barclay Sallie Mae Plat MC, BBVA Compass NBA Amex (No AF), Capital One QuickSilver VISA Sig, Capital One QuickSilver World MC, 2x Chase Freedom VISA Sig, Chase Ink Bold World Elite MC, Citi Dividend AMEX/World MC; Citi Hilton VISA Sig, Discover More, Fidelity AMEX, MyPoints Rewards VISA, 2x US Bank Cash+ VISA Sig
Regular Contributor
Posts: 233
Registered: ‎02-20-2013
0

Re: Ink cash or classic?

So both earn UR points? Or just the classic?
Chase Sapphire Preferred $17,800; Discover IT $15,000; PenFed Plat Rewards Signature $14,000; AMEX BCE $11,800; AMEX SPG $8,100; Citi Simplicity $10,000; Chase United MileagePlus Explorer $5,000; Chase Ink Classic $3,000; GE Lumber Liquidators $7000; GE Care Credit $2000
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Ink cash or classic?


fittiger wrote:
So both earn UR points? Or just the classic?

Both earn UR points.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.