I opened the Chase Ink Plus card in November 2012 for the 50,000 bonus Ultimate Reward Points (worth $625 in travel) which easily transfer to Southwest Airlines, United Airlines, and Amtrak for award travel.
The Chase Ink Plus is a small business credit card and I have been using it for my environmental consulting business. The card pays 5x points on routine purchases at office supply stores, and on various telecommunications expenses, 2x points on gas and hotels, and 1x point on everything else. I have set up most of my routine business expenses like the phone bill, long distance provider, web hosting fees, internet access, etc. as automatic payments on the Ink Plus credit card.
By the time I noticed the annual fee, I had already missed the 60-day deadline for closing the card and requesting a fee waiver. I called Chase to see if it would be possible to get a fee waiver anyway. Frankly, I really didn’t want to close the card or downgrade it at this point, because it would mean transferring automatic payments from a dozen different vendors to another credit card.
The customer service rep offered me a nice deal: