One of the most satisfying parts of my day is checking my mail and throwing all of the junk into recycling. But there was one piece of junk mail I couldn’t ignore — a $300 offer from Chase to open a business checking account.
The fine print was easy enough:
- Deposit $1,000 within 20 days of opening to account
- Keep at least $1,000 in the account for 6 months
- Pay a $15/month fee if my balance goes under $1,500 (essentially, making it so I need to keep $1,500 in the account)
After doing some quick math, it was easy to see that the $300 I would earn would far exceed what I would make if I kept that money in savings. The only downside was that I needed to go to an actual Chase brand to open the account.
I’m not going to lie – it was a difficult process. I called in advance, they said they had space, and I arrived at 4:30pm on a weekday. The process to around an hour and a half, and I found myself leaving at 6pm when the office was closing.
While opening the account, I was told that I was pre-approved for a Chase Ink Business Preferred card and that, if I came back in person a few days later to open the card with the teller’s manager, I would get a 100,000 sign-up bonus instead of the regular 80,000. I couldn’t believe I qualified at all for the card — mostly because I already have the card (and you usually can’t sign up for 2 of the same card).
Although I didn’t want to head back to Chase, and was originally fine with the $300 offer, the opportunity to get 100,000 Chase points (roughly valued at $0.0125/point, or $1,250) was too good to pass up and worth the $95/year annual fee.
I was completely unsure that I would qualify to get the same card twice, so I had the teller write down a note saying that I would for sure get this card, that I would receive 100,000 Chase points, and, optimistically, that my visit would only take 15 minutes. My friends that it was so cute that I was being this optimistic.
But, having just left Chase, I have to report that it all worked out, my new Chase Ink Business Preferred card is on its way (and, as soon as I get it, I’ll be canceling the “old” one), and I am currently one happy customer.
If you’re looking to get this offer, login to your Chase account and, under accounts, you may see a banner advertising this promotion. It’s a targeted offer, so not everyone qualifies and you need to have a business to open an account. But if you do qualify, it’s an offer worth considering.