The Chase Ink Preferred is currently offering one of the best sign-up bonuses around, where you’ll receive 100,000 points after spending $15,000 in the first three months. The Chase Ink Business Preferred Credit is one of the best card available today with an exciting sign-up bonus. There are a few exciting ways on how you can earn 3x points for online sales, before that this card has $95 annual fee which is quite low compared to similar Small Business cards.

If you have Chase Sapphire Reserve, this card would make the best combination by transferring Ultimate Rewards to Sapphire Reserve.

Qualifying for a small business owner or to apply one it might be a lot simpler than you think. If you happen to sell items on Amazon, eBay or Craigslist? If you teach music or sports? Ever act as a freelance writer or photographer? Do you do any weekend activity to make some money? If you sell any goods or services, you could qualify you as a business owner.

Are You Eligible for a Small Business Card?

Qualifying for a business credit card might be easier than you realize.  If you have a side hustle or a small income that you make apart from your regular income, you may qualify for one. You don’t need an EIN (Employer Identification Number) or high revenue. You can just use your Social and complete the application.

What Information Do I need to provide in Small Business Credit Card Application?

In legal business name, if you are a sole proprietor, your legal business name can be your own name or the name of your business.

If you enter the business name, make sure you have proper Business registration documents and some valid address for later verification.

In the type of business, choose sole proprietor (a business owned by one person), partnership (a business owned by 2 or more people), or select the appropriate legal structure of your business (LLC, corporation, etc.). If you don’t have an EIN (Employer Identification Number), use your social security number.

In the revenue section, enter the total amount you receive annually for selling your products or services.  If you are just starting out and haven’t sold anything yet, enter “0.” In the past, our Facebook members have entered less than $100 of revenue on her application and still been approved for a small business card. Enter the number of years ever since you start thinking or started investing.

In the income section, you can enter your personal income, not just the business revenue, because this is where you pay your credit card from.

In the address section, enter your home address if you run the business from your home.

The important thing is when you get a verification call, do not lie on your business credit card application.

Benefits of Ultimate Rewards

Consider reading below topics to understand more on Ultimate Rewards

Join this fb group to learn How to Maximize Ultimate Rewards

The 100,000 sign-up bonus is one of the high reward you can benefit if spend $15,000 in 3 months after account opening. Learn what the Ultimate Rewards can let you redeem for travel.

Online Advertising

If you are using Google Adwords, Bing Ads or Facebook Ads, if you charge to Ink Preferred, you will earn 3X points.

Shipping Charges

If you are a ebay seller or doing any online sales. All your shipping charges would earn you 3x points.

Travel Charges

Charge all of your travel, including airfare, hotels, car rentals, train tickets, and taxis and earn 3X points.

Internet, Cable and Phone services would earn you 3x points as well.  Get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Maximum of 3 claims in a 12 month period with a $100 deductible per claim.

Ultimate Rewards Value

When you redeem for travel, your Points are worth 25% more when you redeem through Chase Ultimate Rewards Travel portal. For example, 100,000 points are worth $1,250 towards travel. You can transfer the Ultimate rewards to several Travel partners and redeem for travel or hotel reservation.

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards®
  • United MileagePlus®
  • Virgin Atlantic Flying Club
  • IHG® Rewards Club
  • Marriott Rewards®
  • The Ritz-Carlton Rewards®
  • World of Hyatt

Getting the card has it’s challenges with Chase’s 5/24 rule. It is best to get the card sooner rather than later if you are currently under 5/24. Getting Ink card first might be a better choice as this card won’t be counted within 5/24 when you apply for other Chase Cards that prechecks the 5/24.

Our Verdict– The Chase Ink Business Preferred is the best business card on the market for most. It checks off every box. The card comes with a great sign up bonus. It has a very rewarding earning rates. The annual fee is reasonable and the Ultimate Rewards ecosystem is the best transferable points currency out there. The Chase Ink Business preferred also comes with many rewarding perks, including $600 in cell phone insurance.