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You May Be Eligible To Earn The Highest Bonus Offer Ever On The Ink Business Preferred® Credit Card Even Without A Formal Business

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You May Be Eligible To Earn The Highest Bonus Offer Ever On The Ink Business Preferred® Credit Card Even Without A Formal Business

07/15/24 04:23 pm

The incredible, all-time-high 120,000 points bonus offer on the Ink Business Preferred® Credit Card has sparked widespread interest in eligibility for business credit cards.

 

Many are unaware that you don't need a formal business entity or an EIN to apply for Chase Ink business credit cards. You can apply as a sole proprietor using your name and Social Security Number.

 

For instance, if you're involved in multiple business activities like real estate, freelance work, buying and selling, or services such as makeup or hair, even without formal registration, you're eligible to apply.

 

Moreover, you can hold multiple Ink cards for different businesses or have multiple individuals from the same business apply for the same card. Even authorized users can apply separately.

 

This flexibility means potential bonus earnings are substantial, depending on your business affiliations. Family businesses can also leverage this opportunity, with spouses, adult children, and others eligible to apply.

 

As an added perk, multiple applications for a Chase card on the same day will most likely avoid multiple credit inquiries.

 

Furthermore, business credit card applications do not count towards the Chase 5/24 rule, which limits approvals if you've obtained five or more personal credit cards within a 24-month period. Applying for a business card like this one won't affect your eligibility for future personal card applications.

 

Just remember, the same person cannot apply for the same Ink card for the same business on the same day.

 

The same rules apply across all Chase Ink business cards, so although we're seeing record signups for the Ink Business Preferred® Credit Card because of the insane bonus offer, make sure you're choosing the right card (or cards in many cases) for your business.

 

For example, the Ink Business Preferred® Credit Card is probably a great choice for businesses with frequent expenditures in the 3x categories, but you may also want to get the no annual fee Ink Business Unlimited® Credit Card for expenses outside of those categories to get the unlimited 1.5% rate on everything else. Assuming you can hit the spending threshold, that means an additional $750 intro bonus as well.

 

Here's a quick breakdown of the Ink cards with their current offers:

 

Ink Business Cash® Credit Card:

  • Intro Offer: Up to $750 cash back
  • Annual Fee: $0
  • Rewards Rates:
    • 5% cash back on office supplies, utilities, and phone services, up to $25K
    • 2% cash back on dining and gas, up to $25K
    • 1% cash back on everything else

 

Ink Business Unlimited® Credit Card:

  • Intro Offer: $750 cash back after $6K spend in 3 months of account opening
  • Annual Fee: $0
  • Rewards Rate: Unlimited 1.5% cash back

 

Ink Business Preferred® Credit Card:

  • Intro Offer: HIGHEST EVER 120,000 bonus points after $8K spend in 3 months of account opening
  • Annual Fee: $95
  • Rewards Rates:
    • 3x points on travel, shipping, internet, cable, phone services, and advertising purchases with social media sits and search engines, up to $150K combined
    • 1x points on everything else
  • Notable Benefits: 1.25% point value when redeemed through Chase Travel, 1:1 point transfer to many travel partners, protections on travel, purchases, cell phone, and more.

 

Ink Business Premier® Credit Card

  • Intro Offer: $1,000 cash back after $10K spend in 3 months of account opening
  • Annual Fee: $195
  • Rewards Rates:
    • 5% total cash back on travel purchased through Chase Travel
    • 2.5% total cash back on purchases of $5K or more
    • 2% cash back on everything else
  • Notable Benefits: Flex for Business feature, protections on travel, purchases, cell phone, and more.

 

To summarize, the current 120,000 points bonus offer on the Ink Business Preferred® Credit Card presents an unprecedented opportunity for entrepreneurs and sole proprietors alike. Whether you're involved in multiple business activities or part of a family enterprise, the flexibility to apply without a formal business entity or EIN is remarkable. With a range of Chase Ink cards offering tailored rewards and benefits, from substantial cash back to valuable travel perks, now is the time to leverage these offers to optimize your business spending. 

 

Make an informed choice based on your specific business needs, and capitalize on these lucrative opportunities to propel your business forward with the Ink Business Preferred® Credit Card or another Ink card.

 

Editorial Disclaimer: Opinions, reviews, analyses, & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.



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