PSA: Chase Ink Card Annual Spending Limit
A few readers have asked me some good questions, so I thought I would answer them for everyone. Since I am sure most of you have at least one Chase Ink Business Credit Card, you are probably aware of the $50,000 annual spending limit for 5x categories (office supply stores and on cellular phone, landline, internet and cable services).
The terms of the card state that your spending limits apply annually and Chase defined annual as:
“Annually” means the year beginning with your enrollment date through the first statement after the anniversary of your enrollment date, and each twelve billing cycles thereafter.) There is no maximum number of points that can be earned on net purchases earning 1 base point, or the additional 1 point on chase.com/ultimaterewards bookings.”
So to clarify, you have 12 months (12 billing periods) before your annual spending limit is reset. $50,000 / 12 months = $4,167 per month at 5x categories and 2x categories. If you have a Chase Ink Cash or Ink Classic, $25,000 / 12 months = $2,083 per month at 5x categories and 2x categories.
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