Originally Posted by WasKnown

Thanks for the detailed analysis. Here are two things to consider as you make your decision:



Although the personal WoH Card has an AF only around $100 less than the business WoH card, it also provides a cat 1-4 certificate to offset that annual fee (along with 5 innate EQNs). In this sense, the personal WoH card has a net fee of $0 whereas the business WoH card has a net fee of $100-$115 (depending on how you value pre-payment). Furthermore, the personal WoH card rewards another cat 1-4 cert after $15K spend on the card whereas the business card does not.



So essentially this is the comparison between WoH business and WoH personal + BoA 2.625% (there are a couple) after 50K spend:



WoH Business- Cost $200, 50K WoH, up to 20K WoH rebate, 2 $50 Hyatt rebate, and 25 EQNs



WoH Personal (first $15K spend) and BoA 2.625%- Cost $95, 15K WoH, $918.75, 2 category 1-4 certificates (up to 15,000 point redemption each), and 11 EQNs



For simplicity’s sake, let’s value the rebate and certs at face value (though a more detailed analysis would discount both.



70K WoH per your valuations = $1050

45K WoH per your valuations = $675



So $1050-$200+$100 (I would discount this to $85 but whatever)= $950 for the WoH Business setup.



Conversely, $918.75+$675-95=$1498.75



So opportunity cost of $548.75.



If you want both the personal and business WoH card, the calculation gets more interesting. Personally, I would not take the business over the personal in your situation unless you really needed the EQNs but, even then, I’d still pick up the personal WoH for essentially 5 free EQNs.
P.S. As a small business owner, you can put business expenses on a Chase personal card. If you’re opening the card purely for business spend, you could just make a new account for the personal card. Large businesses should use corporate cards for reasons unrelated to points and miles but JPM’s corporate card products are not competitive.