Chase Ink Bold Business Card Review

Until it was discontinued at the end of 2014, the Chase Ink Bold Business card was positioned as an alternative to the American Express® Gold card. It shared many of the same attributes, but there were also significant differences. The closest offerings presently available are either the Chase Ink Plus or the Chase Ink Cash cards.

Who Is Chase Ink Bold Business Card For?

The Chase Ink Bold Business card was designed for entrepreneurs or small business owners who preferred a charge card versus a credit card. Applicants were required to have good or excellent credit in order to qualify. Like the classic American Express® charge card, the Chase Ink Bold Business Card had no present credit limit.

Are There Annual Fees?

The Chase Ink Bold Business Card carried no annual fee for the first year and 95 dollars annual fee afterward.

Did the Chase Ink Bold Business Card Offer Rewards?

The Chase Ink Bold Business Card offered a generous points program, awarding 5 points for every 1 dollar spent on business-related purchases, 2 points for every 1 dollar spent on travel plus a 20 percent discount using the Chase Ultimate Rewards Booking tool and 1 point for everything else, including purchases made through the Chase Online Mall. There were no limits placed on how many points could be earned, and points never expired. Other perks included Auto Rental Collision Damage and Trip Delay damage, Trip Cancellation and Travel Accident insurance and Lost Luggage reimbursement. Members also received a free 1-year Free Airport Lounge with Priority Pass membership.

Are There Foreign Transaction Fees?

The Chase Ink Bold Business Card carried no foreign transaction fees.

Were There Late Payment or other Penalty Fees?

The Chase Ink Bold Business Card imposed a 15 dollar late fee and a hefty 39 dollar returned payment fee.

Summary

The Chase Ink Bold Business Card was a popular offering by Chase that was perhaps hampered by the fact that it was an American Express® card, not a Visa or Mastercard. Although Chase is gaining a foothold in acceptance, it was perhaps hampered by the fact that Mastercard, Visa and even American Express® had a head start in the credit card and charge card markets. If your heart is set on getting an Ink Card, either the Ink Cash or Ink Plus Cards should fill the bill. Otherwise, the closest remaining equivalent is the American Express® Gold Card.