Last Summer, I got my first Chase Bold Ink business card (sole proprietor business). This is a Mastercard. I just read (on the Frequent Miler blog, which cites a Chase insider) that all of the Chase Ink Mastercards for people without deposit accounts will be converted to Visa cards this year. I do not have a deposit account and would like to apply for the Ink Bold Visa card before my account becomes converted so that I can get the signup bonus, since I have read that this is possible now but that it is no longer possible once the conversion has taken place.

My other Chase cards are (all personal) the United Plus Explorer card, British Airways card, Southwest card (I plan to close it next month), and the AirTran card (which I am happy to close).

Last month, I spent a lot at CVS. I spent about 3000 a month at CVS combined across Chase cards in addition to regular spend.

Within the last year, I have received a new personal Citibank Aadvantage card and a new personal Amex Gold Membership Rewards card. I think that I was also denied an application for the Barclays Arrival and Lufthansa cards.

Based upon this, is it too risky to apply for another Ink Bold?

Should I cancel my AirTran card before or after this application?

Should I be concerned about having too many Chase cards, CVS purchases, or other card applications in that last year? I do not want to ruin my ability to do future business with Chase, but the 60000 points sounds great. Also, I was wondering if it would be less risky to forego the extra 10000 points and to apply once the promotion is over.