CREDITSHOUT RATING:
Good

Verdict: The Ink Bold® Business Card requires you to pay off your balance in full each month but gives you access to a good rewards program that is competitive with the Gold Card from American Express. This card is good for those who want flexible spending limits and don’t want to pay finance charges. There is an annual fee on this card after the first year, but it will quickly pay for itself if you use the card frequently.

Overview:


The Ink Bold® Business Card is designed to compete directly with the American Express Gold Card. The idea behind Ink Bold and the Gold Card is that there is no APR and you pay no finance charges because you pay your balance off in full each month.

As with the AMEX Gold card there is no preset spending limit with Ink Bold, which means that you’re large purchases are evaluated individually based on your spending habits, your relationship with Chase and your credit history. The idea behind this is that it automatically provides your business with a bit more flexibility during times when business may be booming.

The Ink Bold and AMEX Gold both have an annual fee starting the second year that you have the card. However the Ink Bold’s fee is currently $30 a year less than the Gold Card.

How This Card Works:

The Ink Bold Business Card allows you to earn up to 5 point for every dollar spent, which is considerably higher than most business rewards cards. You can also earn double points on every dollar spent on airfare that is booked through the Ultimate Rewards Travel Booking tool available to you a Chase business card member.

  • Earn up to 5X points per dollar on eligible business purchases, and points do not expire
  • No interest charges because it’s a pay in full charge card
  • Transfer points at full value to participating travel programs.

In addition to the points structure listed above, you will earn 1 point per dollar on all other purchases (or after you hit the cap on the categories above).

If you choose to shop through Chase’s online mall, you can earn up to 10 bonus points per $1 spent depending on the merchant.


Travel and Shopping Benefits:

One major benefit that this card has, not included with some other Chase business cards is a complimentary Airport Lounge with Priority Pass membership for the first year. This gives you free access to over 600 airport lounges in 100 different countries. Even though if you wish to continue its $99 a year, you still get 2 complimentary visits each year.

From a shopping standpoint, even though Ink Bold gives you access to Chase’s online mall where you can earn bonus points, with AMEX you can save up to 25% with Fedex, Delta, Hertz and others which are more relevant from a business perspective. With that said the Ink Bold card is accepted by twice as many merchants as the Amex card simply because it’s a VISA, where as Gold Card is well, AMEX.

Here are some additional travel features included with Ink Bold:

Auto Rental Collision Damage
This insurance provides full collision and theft automotive coverage on any car you rent with your Ink Bold card, so if you travel a lot, you aren’t stuck having to buy insurance from the rental car company.

Trip Delay
If you get delayed for more than 12 hours due to an event that’s covered, Chase will reimburse you for meals, hotel rooms and other expenses that occur because of the delay.

Trip Cancellation Insurance
If you purchase your airline tickets, hotel rooms, and certain other travel related items with your Ink Bold Card, you qualify for trip cancellation insurance which reimburses you if you end up canceling the trip due to certain circumstances.

Travel Accident Insurance
The Ink Bold Card also provides travel accident insurance and reimbursement for up to $100,000.

Lost Luggage Reimbursement
When you purchase your airline tickets with your Ink card you are automatically covered if your luggage is lost or stolen.

Pros:

  • No Finance Charges, Period.
  • No Preset Spending Limit
  • Solid rewards program with no cap on the amount you can earn, plus earn up to 50,00 bonus rewards points after signing up.
  • Annual Fee waved for the first year, after that the annual fee is less than with the AMEX Gold Card.

Cons:

  • Some AMEX Gold Card shopping benefits are superior to Ink Bold.

Fees:
The $95 annual fee with Ink Bold is waved for the first year.