There is an increased welcome offer available for the Chase Ink Business Preferred® card that allows you to earn 100,000 Ultimate Rewards points after $8,000 in purchases within the first 3 months. This offer has been available in-branch for a couple of weeks, but it’s now available publicly online.
Referral links are still showing the old 90K offer, but we’ve seen numerous data points of Chase matching folks to increased welcome offers before. If you applied recently through a referral, it’s worth checking in to see if you can be matched as well.
The Offer and Key Card Details
Click the name of the card below to go to our dedicated Frequent Miler page for this card, where you’ll find more information and a link to apply.
| Card Offer and Details |
|---|
 ⓘ $1277 1st Yr Value EstimateClick to learn about first year value estimates 100K points Non-AffiliateThis is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler 100K after $8K spend in the first 3 months$95 Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 120K after $8K spend (expired 9/4/24) FM Mini Review: Great card for welcome offer and 3X categories. Also consider the Ink Business Cash for its 5X categories, and the Ink Business Unlimited to earn 1.5X everywhere. Earning rate: 3X travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year) ✦ 5X Lyft through September 2027 Card Info: Visa Signature Business issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: ✦ Points worth up to 75% more when redeemed for travel with Points Boosts ✦ Transfer points to airline & hotel partners ✦ Cell phone protection against theft or damage See also: Chase Ultimate Rewards Complete Guide |
Quick Thoughts
Any opportunity to earn 100,000 Ultimate Rewards is tempting, and the modest spend requirement will make it much easier for many people to reach it here. Based on our current Reasonable Redemption Value (RRV) for Chase points, you should expect to get ~$1,500 in value from this offer.
However, if someone in your household already has an Ink card, it might be better to wait and see if the referral offer changes in the coming days. If the referral offer changes to the higher offer, you could earn 100,000 Ultimate Rewards, while your family member earns 20K for referring you. That said, we have received numerous reports over the years that Chase is quite generous in matching folks to increased offers, so there may be no need to wait. 🙂
It’s worth noting that Chase has recently added lifetime language to the Business Preferred card, so there’s a chance that you may not be eligible for the welcome offer if you’ve had the card before. Luckily, Chase will show you an Amex-style pop-up window confirming that before you submit your application, so there shouldn’t be any surprises. Although this card is subject to Chase’s 5/24 rule, it won’t add to your 5/24 count if you’re approved due to it being a business card rather than a personal card. Learn how to check your 5/24 status here.
Chase Application Tips
- 5/24 Rule: You most likely will not get approved for a new card if you have opened 5 or more cards (with any bank) within the past 24 months. Most business cards do not count towards that five card total. Business cards that DO count include: TD Bank, Discover and the Capital One Spark Cash Select, Spark Miles and Spark Miles Select.
- 24 Month Rule: If you’ve previously had a card before, you can only get a welcome offer on that card again if you no longer have the card AND if it has been more than 24 months since you last received a welcome offer for that card. This rule does not apply to the Sapphire Preferred and Reserve cards (see below). There can be exceptions with some business cards.
- Sapphire cards: The Sapphire Preferred or Sapphire Reserve cards no longer have a family rule that prevents you from getting one if you currently have the other. However, both now have significant limitations that may prevent you from being eligible for a welcome offer if you've previously had the same card. In that event, you'll get a pop-up window that tells you that you're not eligible before you get a credit check and will ask whether or not you want to proceed with the application without the welcome offer attached.
- Southwest "Family" Rules: Chase applies additional "family" rules to the Southwest cards. You're not eligible for the welcome offer on a personal Southwest card if you currently have one, or if you've received a welcome offer on any personal Southwest card within the last 24 months. This doesn't apply to business cards. You also can't be approved for the Southwest consumer card if you already have one open.
- IHG "Family" Rules: You're not eligible for the welcome offer if you've received a welcome offer on any personal IHG card within the last 24 months. You also can't be approved for another IHG consumer card if you already have one open. You can have both an IHG personal and an IHG business card.
- Ink "Lifetime" Rule: You "may not" be eligible for the welcome offer on an Ink no-annual-fee card if you have ever had the same card or any other Chase for Business card without an annual fee. In addition, you may not be eligible for a welcome offer on a Chase Ink Business Preferred card if you currently have the card or have had it in the past. We don't know how often this is enforced.
- 2 per month Rule: Most applicants are limited to 2 new cards per 30 days. Business cards are usually limited to one per 30 days.
- Marriott cards: Approval for any Marriott card is governed by a labyrinthine set of unintuitive rules. You can see the full eligibility chart here.
- Card Limits: Chase doesn't have a strict limit on the number of cards that you can have, but it does place limits on the total amount of credit that they will issue you across all cards. Because of this, reconsideration can sometimes be successful by moving credit from one existing card to the new card that you want.
- Application Status: Call (888) 338-2586 to check your application status.
- Reconsideration: If denied, call (888) 270-2127 for personal cards, or (800) 453-9719 for business cards, and ask for your application to be reconsidered.
Am I eligible for a business card?
Applying for Business Credit Cards: You must have a business to apply, but even a simple sole proprietorship will work. It's likely that you have a business even if you don't realize it.
When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.
Is it OK to use business cards for personal expenses? Anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.
More:
You must have a business (but you probably do): In order to apply for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.
Is it OK to use business cards for personal expenses? Anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.
How to apply for a Chase business card
The first part of the application asks for personal info. Fill this out the same way you would fill out a consumer credit card application with your own name and home address, your income (not just your business income), etc. For the question about your business title, answer "owner." Next up is the business info section. If you already have a well established business, then the answers should be straightforward. If you are just getting started with your business, below are examples of how to fill this out. These answers assume that you do not have any employees and you operate as a sole proprietorship (which is the most basic form of a business). Use your judgment to answer differently if the examples given don’t match your circumstances:
Here are example answers for the business part of the application:
Check Application Status
After submitting your application, you can check status by calling the automated status line: (888) 338-2586
Here are example answers for the business part of the application:
- Legal business structure: Sole Proprietor
- Business legal name: If you don’t already have a business name, I recommend using your own name as the business name.
- Desired business name on card: Again, this can be your own name if you don’t have a business name to use.
- Does your business use another name? No
- Tax ID type: EIN (you can get an EIN quickly and for free from the IRS here) If you'd prefer to use your social security number as your tax ID, select SSN rather than EIN.
- Is your business's physical address the same as your personal address? Yes
- Number of employees: 0 (the instructions say to enter the number of employees you have, not including yourself)
- Business phone number: Your phone number
- Business established date: When did your business start? If you've been doing your business for years (selling stuff at yard sales, for example), it's fine to estimate the starting date.
- Annual business revenue: $0 (or project an amount based on expected revenue)
- Business category, Business type, Business sub-type: Pick whichever categories are closest to your business. For example, an aspiring author, artist, or musician might choose: "Arts, Entertainment, and Recreation" and "Independent Artists, Writers, Performers."
- Estimated monthly spend: $3,000 (Use your judgement here. A higher number might lead to a larger credit line, but if it's too high it might negatively affect approval).
Check Application Status
After submitting your application, you can check status by calling the automated status line: (888) 338-2586
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