I thought I could do this to take advantage of the reward points, so I started signing up for the Chase Ink Unlimited Business card. Then I read the following term of contract:
"I certify, understand and agree that: 1) This is a business account which shall be used only for business purposes and not personal, family or household purposes; 2) I am liable, both individually and jointly with the Company, for payment of all balances on any account opened pursuant to this application; 3) I have read and agree to all terms, conditions, authorizations and disclosures provided with this credit application and, to the best of my knowledge, all information provided is complete and correct; 4) I am the Authorizing Officer of the Company with significant responsibility to control, manage or direct the Company and I have the authority to request this business card account and to bind the Company to the terms of the Business Card Agreement; 5) certain servicing activities for the selected product may be performed from locations outside of the United States; 6) the Company and I are responsible for all rewards program redemptions and will ensure that such rewards are: redeemed for the Company's business purposes only; used to benefit only the Company and not for the personal benefit of any individual; and used in compliance with all applicable laws, rules, regulations, ethics standards, and Company policies; and 7) If I leave the employment of the Company, I will notify Chase immediately, and I will continue to be liable and responsible for all account balances until the account is closed and paid in full or a new Authorizing Officer, acceptable to Chase, is substituted on the existing account."
Bleh... I haven't submitted the app yet. I have no intentions for using it for business. I couldn't generate $3000 in business expenses to get the rewards. Maybe like $1000 in business expenses over 3 months.
