I've got an OLD Ink Bold card that I've had since last fall. I've made everyday (non-business) purchases with it and not heard a peep from Chase. If they are making money on your charges, I see no reason for them to complain. I also was recently approved for a NEW Ink Bold card as well. There were no problems with the approval based on my spending patterns.

Regarding which card to keep (since I have a Sapphire Preferred as well), I'm most likely to keep at least one of the Ink Bold cards. It's a business credit card. Although I'm not a tax expert, I figure that I can deduct the annual $95 fee as a business expense on my personal taxes (I'm self-employed). That reduces the annual fee in half. Even if I am wrong about that, this is such a small deduction that it should fly under the radar. And since my wife has a Sapphire Preferred as well, I'll cancel my own S.P. card.

The more difficult question is: which Ink Bold to keep? Do I keep the OLD or the NEW Ink Bold, or both? The OLD card has the Chase Exclusives program (20% points bonus on all purchases) and the tiered spending bonuses. The NEW card has that very nice 5x bonus on telecom, cable, wireless, and office supply. So each card has benefits. Ultimately (not an intentional pun), I'll have to look at my charging patterns and decide.