over the phone
 

I think it expires June 30th. Besides, I think we can do this over the phone (can someone correct me if that is not true?)

I have never heard of anyone successfully getting the business checking offer over the phone *unless* someone already had a "business relationship" with Chase. Perhaps someone out there can give more specific details--please do.

Is this new?
 

From terms and conditions for Business Account:

"This bonus mile offer is not available to customers with an existing Chase checking account."

Does this mean now you cannot get miles for both personal and business checking accounts?

Hmm... Good question. I didn't even think of it in that respect. Hopefully someone giving it a fresh go will post the outcome in their attempt of personal and business opening.

Also, just to add my 2cents... If any of ya'll work someplace with a credit card machine, and your boss won't care (Luckily I own my business), just swipe your card 5 times in a row for 5 different amounts. I do my personal and business MCs for .01 - .05 once a month. Works everytime. and total cost is only .15 cents.

Be careful with this though. Others have reported being cut off of their merchant services running their own credit cards. IIRC, the T&C prohibits this. Others may have problems explaining the "sales" to their accountants.

Welcome to Flyertalk, Swabodda. It was a good start offering information to the FT community. ^

Apologize in advance if this was asked already. There's a lot of info to wade through here.

If I wanted to setup a business checking account as an Ebay seller, would that be possible?

How long from the original application dates are you guys cancelling your personal checking ccounts? Is it 90 days?

yup.

Whenever I fill up my gas tank (at least 5 times a month), I do one short squeeze with the debit card. I reached my Personal Best (least) this morning--three cents.

I had to show articles of incorporation and then couldn't setup since business was in KY and trying to open in OH. I needed a letter from my accountant or lawyer "proving I didn't do business in OH" Neither of which I have as my business is just an LLC holding rental properties.....

Its my understanding the gas stations pay a lot per transaction, say $0.10 to $0.25 per swipe, so please keep in mind that you may be costing them quite a bit with your 3 cent squeeze.

This is so costly to the industry that the are fighting card costs fairly hard: http://www.nacsonline.com/NACS/News/.../PR050310.aspx

Good point. But I fill the tank first with a separate card before I do the debt swipe. Presumably a gas station makes more than 0.10 to 0.25 cents profit each time I fill up the tank.

Leme see,,,,,,, Am I ripping off an oil company? or am I ripping off a bailout bank???? Seems kind of equivalent to the moral dilemma of, am I ripping off the Bloods or am I ripping off the Cripps? I'll sleep well tonight either way.

Are you saying cc companies charge more in swipe fees for gas stations? I've never heard that. Interesting. But pretty much all merchants are fighting swipe fees. For debit cards, I thought swipe fees were relatively pretty low uniformly.

I think there's a decent chance that swipe fee laws will eventually be amended, given the narrowing lobbying strength of financial institutions. The key reform that merchants want is the opportunity to offer discounts to debit and cash customers. I think we're eventually going to see this in some form and, depending on how banks respond, could make using miles earning cards less attractive. I'm not an economist, but in a macro sense it seems intuitive that charging cash and credit card customers the same amount is a bit of a regressive tax and not the best thing for the economy. But who knows, I'm sure there are lots of issues.

I'm not in the industry so I don't know the full story but I think the problem is that gas purchases are getting smaller and more often, for a very low margin product so its hard to make any money when you are paying the CC processors $0.25 per purchase plus the fixed % fee.

Here it the best quote I could find:
“Because more and more customers are using credit cards for small purchases, there are small transactions where the operator actually loses money," said Darren Rebelez, 7-Eleven, Inc. executive vice president and chief operating officer.
http://www.foxbusiness.com/story/mar...t-card-battle/

You are right that pin based transactions cost lets...