The Benefits of Business Credit Cards

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Update:   This offer is no longer available, but check the Hot Deals for the latest offers!

Update:   The Chase Ink Bold card and AMEX SimplyCash cards are no longer available for new sign-ups.

Are you looking for ways to earn more Big Travel with Small Money?

I wrote about the recently increased sign-up bonuses on the Chase Ink Bold, Chase Ink Plus, and Chase Ink Cash cards.

For a limited time, you’ll get 60,000 Chase Ultimate Rewards points after spending $5,000 in the 1st 3 months on the Chase Ink Bold and Chase Ink Plus cards.  And you’ll get 30,000 points ($300 cash back) after spending $3,000 in the 1st 3 months on the Chase Ink Cash card.

So if you’ve been thinking about applying for a business card, now is a good time!

Applying for business cards, especially if you already have a lot of personal cards, can be a good way to increase your miles and points balances and get extra perks!

The Benefits Of Business Credit Cards

Business Cards Are a Good Way to Earn More Miles and Points for Big Travel With Small Money!

Why Apply for Business Cards?

Link:   How to Apply for a Business Credit Card

Link:   How to Fill Out a Chase Business Card Application

Link:   How to Fill Out an AMEX Business Card Application

Link:   3 Ways You May Qualify for a Business Credit Card

Business cards often have big sign-up bonuses, bonus miles and points in certain categories, and extra perks and discounts that don’t always come with personal cards.

The Benefits Of Business Credit Cards

Some Business Cards Have Extra Perks Like Airport Lounge Access

For example, the Chase Ink cards earn 5X points at office supply stores, and on phone, internet, and cable TV.  And you get a Lounge Club membership which gives you 2 free airport lounge visits per year.  Not to mention certain discounts like the Visa Savings Edge program!

Or, if you have the AMEX SimplyCash business card, you can earn 5% cash back at office supply stores and on wireless services.  You’ll also earn 3% cash back on a category you choose!

The Benefits Of Business Credit Cards

Earn More Cash Back on Certain Categories With the AMEX SimplyCash Business Card

Applying for business cards can be a good way to earn another sign-up bonus if you already have the personal version of a card.  For example, if you have the Starwood Preferred Guest® Credit Card from American Express, you can get the bonus again if you sign-up for the Starwood Preferred Guest® Business Credit Card from American Express.

This is especially useful now that AMEX has changed their rules to limit folks to 1 sign-up bonus per card in their lifetime.

Some folks may think they can’t apply for a business credit card because they don’t have a business.  But read my post about how you could qualify for a business card.

What About Your Credit Score?

Link:   Why Business Cards Impact Your Personal Credit Score Less Than Personal Cards

Some folks may worry that applying for business credit cards will affect their credit score.

You will get a hard credit inquiry when you apply for a business credit card, so your score might decrease a few points in the short term.

The Benefits Of Business Credit Cards

Business Cards Will Only Affect the “New Credit” Fraction of Your Credit Score

But the credit line, amounts owed, and length of credit history on business cards are NOT reported to credit bureaus.  So apart from the initial credit inquiry when you apply, having a business credit card should have no effect on your credit score!  In fact, it could be an advantage because your spending doesn’t impact your credit score.

Note:   If you default on a business credit card debt, it WILL be reported to credit bureaus and your score will most definitely decrease!

As always, you should read my post about the dangers of applying for credit cards.  Only do what you’re comfortable with!

Bottom Line

Applying for business credit cards can be a good way to increase your miles and points balances.  Many business cards have very good sign-up bonuses, bonus earning categories, and extra perks and discounts.

You may qualify for a business card even if you don’t think you have a business!  And if you have the personal version of a card (say the Starwood Preferred Guest® Credit Card from American Express), you can get the sign-up bonus on the business version, Starwood Preferred Guest® Business Credit Card from American Express as well.

Which business credit card is your favorite and why?

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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14 responses to “The Benefits of Business Credit Cards

  1. Does Chase count business cards against the total number of Chase accounts that one can have open?
    If I am maxed out on personal cards with them, will they consider a business card?

  2. I have said this before, but your blog is the one place I feel that continuously provides topics that are relevant to me. I feel that the approach you and your team take is closest to the concerns of the readers (ie. the most educational/helpful).
    I applied for the Ink plus, based on your instructions, and got instant approval. Happily using your link btw.

  3. I second Andrews question…

  4. Thank you Daraius. I applied for the Ink Plus through your link and got approved.

  5. Hi!

    Two questions — I can’t seem to figure out what the differences are between the non-cash flavors of the Chase Ink cards are? (Ink Bold and Ink plus). Can someone help out?

    Also, I is the sign up link for the Visa? I don’t see anywhere where it specifically mentions Visa. I have the Mastercard that I’d like to ultimately close out, but don’t want to apply for the Mastercard twice.

    Thanks!

  6. I have 4 chase personal cards but got denied for the ink plus because they said my business is too new.

  7. I’m with Andrew and Kyle….I have a fat Chase wallet right now but still want more!

  8. Quick Update:

    I applied for the Chase Ink Plus yesterday evening and got the “pending application” notice. This morning I called the Chase business card reconsideration line and asked if they could give me some more insight/info on the status of the application and the woman told me that my application was declined due to too many requests in a 30 day period.

    The only other application that I submitted this month was for the Sapphire Preferred which I was approved for a couple weeks back so I assume that’s what they’re referencing.

    I have two personal cards with Chase (Sapphire Preferred and the United Mileage Plus Explorer) so I told the woman I would be willing to give up my Explorer card if it meant that I would be approved for the Ink Plus.

    She asked me a few questions about my business, what my projected income was going to be for 2014, and a few other things and before I knew it, she told me I was approved BUT she would need to close out the Mileage Plus Explorer Card before we could move forward with the approval.

    So the Mileage Plus Explorer Card has officially been canceled and I’m a proud new holder of the Chase Ink Plus! Woop!

  9. Lisa Wenzloff

    I received an offer for 100k for AMEX platinum for my business. I am concerned I will fall short of the required $10k spend in 3 months, without being able to use the card to pay the mortgages on the properties in my business. I was going to try the VR and BB to pay them, but as I understand I cannot get VR with the proposed new AMEX card. Am I correct here? Is there another option I may be missing? (I am new, and although I have spent hours, no days, reading, still alot to absorb.) THanks.

  10. just a little bit about my experience with chase personal and business cards. for years i’d only the chase sapphire and freedom cards (also a costco amex and a capital one MC). last fall, when i first came across this website, it dawned on me based on my expenses at holidays and travel seasons, i typical spend enough $$$ to meet the minimum spend on one or two of the premium cards. since NOV, i’d applied and rec’d the following:

    11/13 – sapphire preferred – 50K + 5K (for my wife’s card) = 55K points. min spend $3k in 3 months
    01/14 – opened a chase chequing acct for $200 bonus
    02/14 – ink bold – 50K. min spend $5k in 3 months
    03/14 – mileageplus club – no bonus points from free united club membership, $395 waived as i’d applied at a chase branch
    05/14 – ink plus – 60K. min spend $5k in 3 months

    for both the ink cards, i’d to call the business reconsideration line. for the ink bold, the analyst had to lower my sapphire limit in order to approve for $5K. for the ink plus, the limit is again $5K.

    it was easy to meet the CSP’s $3K spend just because of the holidays. for the bold’s $5K, i’d pre-paid my cell, cable and utility bills for the year, plus a couple of trips and a $500 amazon gift card (bought at a office max for the extra points).

    for the ink plus’ $5K, i’m planning another trip, plus buying a gift for my wife and some new china’s. so all goes as planned, i would’ve rec’d from chase 55 + 50 + 60 = 165K points on a total of $3 + $5 + $5 = $13K of charges … ~ 12.5% cashback (higher in travel $$$)

    near renewal time, i’d planned on keeping just one of the ink cards. i see the benefits of the 5x points for office-related expenses/purchases with the ink cards plus the 4 free lounge passes (2 for my card, 2 for my wife’s card).

    the question i’ve is whether to keep the CSP or not? do i need to keep two cards ($180 annual fee) or just one?

  11. Caution: Some benefits we’re used to on personal cards are not offered on biz cards. For example, the SPG Amex personal card comes with international car rental coverage, but the SPG Amex biz card only covers domestic rentals (unless you sign up for an optional program and pay an extra fee).

    • @Andrew – They assign you a total credit limit which is divided among your different cards.

      @Ash – Thanks so much for your feedback and for using our link!

      @Justin – Thanks!

      @Marty – The Ink bold is a charge card which means that you have to pay your balance in full each month. The Ink Plus is a credit card which means that you can carry the balance over (but shouldn’t).

      @DH – You can keep 1 card if the fees are adding up. And you can transfer points to your partner’s account.

      @UAPhil – That’s a good caution!

  12. Hi darius!
    Thank you so much for the chase ink cash card, I did apply using your link to get the $300 cashback bonus, and it went into pending status. I called the reconsideration line and was approved for $5k! Yay!
    You are the best.