Too many business owners are sitting on a debit card or using a low-value business credit card. This is because they don’t know any better. It’s time to get rewarded for your spending. Don’t miss out! Start with $750 – $900 in cash with Chase Ink Business Credit Cards. These three cards are some of the top-ranked cards on CashFreely. Spend 5-10 minutes to open up a new business card and start racking up the free money.
Don’t be fooled by other cards with large sign-up bonuses. Not all credit card rewards are equal. Points (which can be converted to straight cash back) from Chase business cards are the best in the eyes of most CashFreely users. They are highly valued compared to other programs.
Looking for instructions on how to apply for a business credit card? Click here to skip down below for step-by-step instructions.
The Chase Ink Business Preferred® and its excellent bonus with lower spending requirements. Amazing news for those who love lots of cash back!
Chase Ink Business Preferred® – 90,000 Points, which is worth $900 cash back
A highly recommended business card for signup bonus and 3x (3% cash back) categories on the first $150,000 spent in combined purchases. All Ink cards earn Ultimate Rewards with the option of converting to cash back.
The Chase Ink Business Preferred card has historically been the best card among the Chase business cards. However, with the Chase Ink Business Unlimited® latest elevated offer, we believe this is the best card at this time. This card has a great sign-up bonus and 3X categories. It’s hard to beat this Chase Ink card. Especially when you’re looking for an all-around business card that has flexible redemption options — whether you want cash back or travel reward points. Also, it can be combined with your personal Chase Ultimate Rewards points.
- Earns 3x points on travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year) — convert your points into cash back, and that means you are earning 3% cash on these purchases
- Points worth 25% more when redeemed for travel — our sister site Travel Freely includes information on how these business cards can be redeemed for travel
- Cell phone protection against theft or damage
- No foreign transaction fees
Chase Ink Business Cash® – $750 cash back
Out of the three Chase business cards, this card has an incredible signup bonus for a no-fee card. And as of 3/21/24, this card has a multi-tiered offer that extends the time it takes to meet the spending requirement. First, earn 35,000 for spending $3,000 in the first 3 months. Then, earn an additional 40,000 points for spending $6,000 total in the first 6 months. This new offer stretches out your required spending to an average of $1,000 monthly over 6 months. Previously, and still for its cousin equivalent, the requirement was $6,000 in 3 months, or $2,000 monthly.
- Earn 5% cash back (on first $25k spent) for phone, TV, internet, and office supply stores.
- Earn 2% cash back on gas and restaurants
- Great option for carrying a balance
- No Annual Fee
Chase Ink Business Unlimited® – $750 cash back
A no-brainer, great business card with a great bonus, and great for carrying a balance. Earn unlimited 1.5% cash back on all purchases.
An all-around great cash-back Chase business card with no annual fee. It’s very simple. You earn unlimited 1.5% cash back per $1 spent on all purchases using your Chase Ink Business Unlimited. Furthermore, it is great for carrying a balance. This can be a great standalone card among the Chase Business Ink cards.
- Earn 1.5% cash back on everything
- Great for carrying a balance
- No Annual Fee
| Card | Sign-up Bonus | Spending Required | Annual Fee |
|---|---|---|---|
| Ink Preferred | $900 cash back | $8,000 in first 3 months | $95 |
| Ink Cash | up to $750 cash back | 35,000 points after spending $3,000 in first 3 months, plus an additional 40,000 after spending $6,000 total in first 6 months | $0 |
| Ink Unlimited | $750 cash back | $6,000 in first 3 months | $0 |
How to Apply
Click through below to move forward with a certain card. It is also important to know whether you are eligible to apply or not.
Tell Chase about your business
The first part of the application is about your business. Your answers should be straightforward if you already have a well-established business. But if you are just starting, below are some examples of how to fill this out, assuming you do not have any employees. Then, you operate as a sole proprietorship (which is the most basic form of a business) if you do not have a Tax ID. If the examples given don’t match your circumstances, use your judgment to answer differently :
Business Information
- Legal Name of Business: Use your name as the business name if you don’t have a business name.
- Business Name on Card: Again, use your name as the business name if you don’t have a business name.
- Business Mailing Address: Your home address can be used if you don’t have a separate business address.
- Type of business: Sole Proprietor
- Tax Identification Number: This can be your SSN, but you can also create an EIN for your business (found here)
- Business category/type/subtype: Pick whichever categories are closest to your business
- Number of Employees: 0 (you)
- Annual Business Revenue: 0 (or project an amount based on monthly revenue to date)
- Years in Business: (number of years you’ve been operating the business with or without revenue)
Personal Information
This part of the application is all about you personally:
- Authorizing Officer: Owner
- Gross annual income: Include all of your income and not just business income
- The rest should be self-explanatory
How to improve your chances of success
The following tips can help with approval, but none are guaranteed:
- Use an EIN instead of your SSN when entering your Business Tax ID on the application
- Do not call if your application goes to pending
- Call if your application is denied
Do not call if your application goes to pending
When applications go to pending, people frequently find that they get approved without calling. But when people do call, they often get tough analysts who deny the application.
The approval process goes through up to 3 “gates”:
- Instant Approval (this is rare with Ink business cards)
- Automatic Approval, sent by mail (may take several weeks)
- Analyst Phone Approval
If you’re not instantly approved, then calling bypasses gate 2. Doing this may reduce your overall chance of approval. So I recommend waiting to get a letter in the mail. Hopefully, it will say “congratulations”.
Of course, if Chase contacts you asking for more information, then you absolutely should talk to them on the phone. In some cases, they may simply need more information about you or your business before your application can go through the next review stage.
Call if you are denied (and call again)
If your application is outright denied (either instantly or by mail), then call Chase’s business reconsideration number, which is open Monday through Friday during business hours. There are many cases where analysts have overturned denials over the phone. If denied, call reconsideration at 1-888-270-2127 for business cards.
The analyst will likely ask a lot of questions. Make sure your answers match your application. Also, if you have multiple Chase business cards, make sure to let the analyst know that you don’t need Chase to extend you more credit. Tell them that you are willing to move available credit from another card or cancel another card if necessary. Be prepared to answer financial questions about your business, why you want the card, and how you expect to use it. There is absolutely nothing wrong with saying that you were attracted by the signup bonus and by the 5% cash back spend categories (for example).
If the analyst doesn’t approve your application, call again. Many people have had luck simply calling a few times until they reached an analyst willing to take a chance on their business.
Any questions? Feel free to ask in the comments below or email us at letstalk at cashfreely.net.
Get to Know Chase Ultimate Rewards
Chase Ultimate Rewards points are valuable and flexible. At the simplest level, you can redeem points for cash or merchandise at one cent per point. However, Chase Ultimate Reward cards that charge an annual fee allow you to redeem points for travel, either through Chase’s Travel portal or by transferring them to an airline or hotel program. While you might care more about earning cash back right now, if the time arises when you prefer to redeem points — at typically a higher value — you can do that with these Chase Ink business cards. With the no-annual-fee cards, you’ll also have to have a premium card (one that charges an annual fee) to combine points and then redeem your points for travel. Our sister site, Travel Freely, offers a guide that explains more on how to maximize your Chase Ultimate Reward points if travel becomes an interest down the line.
Best Strategies by Business Type
Large businesses or owners of multiple businesses
It may be worth having two of these cards if your business spends a lot of money in certain categories. For example, you would obviously want the Ink Business Preferred for the large sign-up bonus and great ongoing benefits like 3x (worth 3% cash back) categories with monthly spending. Then, you could pair it with the Ink Business Cash and utilize the 5% categories for specific monthly spending.
Owners of multiple businesses
You can get more than one of these cards if you have multiple EINs or a spouse who can apply for an additional card using her SSN. You may also want to take a look at your monthly spending and see if you could benefit by having separate business cards for each business. One of our members has 6 LLCs and got six Ink Preferred cards this year! Tip: Use CashFreely’s app to automate your card management.
Very small or side business owners
Yes, you have a business. 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 a 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.
The best option for a small business may be the Ink Cash or Ink Unlimited because of the lower spending requirement to hit a bonus (and no annual fee).
Sole Proprietors
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.
A no-brainer, great business card with a great bonus, and great for carrying a balance. Earn unlimited 1.5% cash back on all purchases.
A highly recommended business card for signup bonus and 3x (3% cash back) categories on the first $150,000 spent in combined purchases. All Ink cards earn Ultimate Rewards with the option of converting to cash back.
Common Questions:
Can I put personal spending on business cards?
This is fairly common. While it’s good practice to separate business and personal spending, and banks may dissuade you from doing this, it isn’t illegal and many people do this.
What are the rules on getting more than one of these cards?
These Chase business cards are all treated as separate cards. You can only apply and get approved for more than one. Keep in mind that Chase only allows you to apply and be approved for 2 cards (2 personal, 2 business, or 1 personal + 1 business) per 30 days. Also, people have reported issues when trying to apply for two cards on the same day. So it’s better to space out the applications by a few days.
If I have a personal Chase card like the Chase Sapphire Preferred or Chase Sapphire Reserve, can I transfer the points I earn on my business card to my personal card?
Absolutely. You can transfer points to other Chase accounts you have or those who are household members or authorized users. Here’s a walkthrough on how to Chase merge points.
Do these cards count towards 5/24?
You know that the Chase 5/24 rule is important when you are going to sign up if you have gotten several cards in the last 2 years. You must be under 5/24 to be approved. However, compared to personal cards, these Chase cards do NOT count towards your 5/24 count.
Any questions? Feel free to ask in the comments below or email us at ten.y1734779584leerf1734779584hsac@1734779584klats1734779584tel1734779584.
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