I posted last week about my trip to the local Chase branch to sign up for a Chase checking account for 25,000 Continental miles. At the time I only signed up for a personal checking account, but today I went back to sign up for a business checking account. I opened the account as a sole proprietorship, with the business name being my name. I made a $500 initial deposit (the minimum required) and got the $65 debit card required for the offer. 30 minutes later I was 25,000 miles richer (once the miles post in 8-10 weeks, of course).
So, to recap, for $90 ($25 fee and $65 fee) and about two hours of my time I am 50,000 miles richer. If you have a Chase bank near you, there is absolutely no excuse to not take advantage of this offer. You can open one business and one personal account per calendar year, so in January I’ll go back and open up another personal and business account, assuming the offer is still around.
If you’re interested, you can find the personal checking account offer here and the business checking account offer here. You have to print out the offers with the unique codes and take them with you when you open a new account.
Also, since there was some confusion about this on my original post, I wanted to clarify that you only need to sign up for the $25 debit card for the personal checking account to qualify for this offer. You don’t need to sign up for the $65 card. For the business checking account, however, the $65 Continental debit card is the only option. Lastly, it’s worth pointing out that in order to keep the business account fee free, you need to use your debit card five times a month OR maintain a minimum balance in your account of $4,000. That works for me, since I’ll use it five times a month for three months, and as soon as the miles post I’ll cancel my account.