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Ink Business Preferred approval tips

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Ink Business Preferred approval tips

Jason StaufferInk Business Preferred approval tipsMillion Mile Secrets Team

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If you like Chase Ultimate Rewards points as much as we do, you’re probably interested in the new Ink Business Preferred Credit Card offer of 100,000 Chase Ultimate Rewards points after spending $15,000 in the first three months. That bonus is worth at least $1,000 in cash or you can transfer Chase Ultimate Rewards points to airline and hotel partners to book future award travel (once things return to normal).

Here are a few tips to make sure you have the best possible chance of being approved.

The information for the Ink Business Preferred Credit Card has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

There’s no silver bullet, but you can improve your chances of getting approved for the Ink Business Preferred. (Photo by Andrey_Popov/

Chase Ink Business Preferred approval tips

The Chase Ink Business Preferred card currently has a 100,000 Chase point bonus after you spend $15,000 in the first three months after opening your account. This is the most valuable public sign-up bonus we’ve ever seen for a Chase small business credit card. And one of the best travel credit card bonuses available right now. The card does have a $95 annual fee and it earns Chase Ultimate Rewards points at the following rates:

  • 5x Chase points on Lyft rides (through March 2022)
  • 3x Chase points on the first $150,000 spent in select categories each anniversary year, including travel, cell phone bills and shipping
  • One Chase point per dollar on all other purchases

Improve your credit score

For Chase Ink Preferred card it’s ideal to have a credit score of at least 740, although it is possible to be approved with a lower score (read our guide to the credit score you need for Chase cards for more information). However, we do not recommend applying for travel credit cards unless your credit score is above 700.

If you need to improve your credit score the best way to do this is to consistently pay your bills on time and in full. Your payment history is the biggest factor in determining your credit score. You’ll also want to maintain a low credit utilization ratio, which has the second biggest impact on your score. Your utilization ratio is calculated based on the amount of credit you have access to and how much of it you’re using. That’s why it’s possible to boost your credit score in the long term by opening a rewards credit card, even though open a card will put a temporary hit on your score.

But no matter how great your credit score is, Chase always has the final say. They look at many factors, like the credit limit you have across all your Chase accounts. If you have lots of Chase credit cards, you may have more difficulty being approved for new cards. That’s because Chase will only extend you a certain amount of credit based on your income, credit score and other factors.

Operate a for-profit venture

The Ink Business Preferred is a small business card, so you’ll need a small business to get the card. However, you may have a small business without realizing it because you don’t need to be running a full-time operation to qualify for a small business card. A side hustle, freelance gig or independent contractor work could work. This could be things like babysitting, coaching, driving for Uber/Lyft, selling items on Etsy/eBay or delivering food.

Also, keep in mind that to open a small business card you do not necessarily need an Employer Identification Number (EIN). If you are a sole proprietor you can use your Social Security number as your business tax ID and your name can be your business name. For more details read our guide to completing a Chase business card application.

Wait long enough between applications

There is no official rule on how long to wait in between Chase credit card applications, but there are some general guidelines that will apply in most cases. Generally, you’ll have a tough time getting approved for more than two Chase cards within 90 days (one business card and one personal card). Although, this isn’t a hard and fast rule, it’s always best to play it conservatively. People have been approved for two personal Chase cards in 30 days, but personally I wouldn’t press my luck.

Be under the Chase “5/24 rule”

If you’ve opened five or more credit cards within the past 24 months from any bank, you will not be approved for any Chase card. This is know as the Chase 5/24 rule. Business credit cards from most major banks (except Capital One and Discover) won’t appear on your personal credit report and therefore won’t add to your 5/24 count – this includes Chase business cards. So you’ll still need to be under the Chase 5/24 in order to qualify for this card, but once you’re approved it won’t add to your 5/24 count.

What Happens If You’re Not Approved?

When you apply for a credit card you’ll instantly get a message from the bank, telling you the application is either approved, declined or pending. Here’s what you should do if you aren’t immediately approved.

Wait for a response

Wait for the automated system to give you an answer. Do not call Chase right away, that way you have more chances at being approved. Chase’s automated system may still approve you even if your application initially went into “pending” status. If it doesn’t, then you should call Chase and speak to a representative to plead your case.

Call Chase reconsideration

If the automated system denies you, it’s time to call Chase. You can reach Chase small business card reconsideration at 800-453-9719. A few tips to remember when calling the reconsideration line:

  • Be friendly. Customer service representatives put up with a lot. They’ll appreciate kindness.
  • Know why you are applying for this card, other than the intro bonus. Know key features of the card that you’ll use.
  • Ask if you can move some credit from another card to the Chase Ink Business Preferred, so Chase doesn’t have to lend you more credit.

Bottom line

The Chase Ink Preferred has one of the best sign-up bonuses right now. You’ll earn 100,000 Chase Ultimate Rewards points after you spend $15,000 on purchases in the first three months of opening your account.

If you want the best odds of being approved for the Chase Ink Business Preferred, make sure you:

  • Have a credit score above 700, but preferably 740+
  • Operate a for-profit venture, like consulting or selling items on eBay
  • Wait long enough between Chase card applications
  • Are below the Chase “5/24 rule”

Even if you’re doing everything right, Chase can still decline your application for whatever reason they want, but you can improve your chances. If your application isn’t immediately approved, you should wait for the automated system to make a decision. If you’re declined, you should call Chase to be reconsidered.

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I had the chase ink business preferred card from 6/17 to 7/18. I closed the card in the end of July 2018. I received the 80k bonus points sometime in September of 2017.

My wife has the business Ink card and her AF is due on 8/1/19. I’m trying to see if I can have her refer me and she get the 20k points and I get the 80k signup bonus again before 10/10/19 which is the last day she can close her card and get a full refund of her AF (I’d of course transfer all her points to my UR account before closing)

Seems like I have to wait until 24 mos from when I received the last 80 bonus (which again was sometime in 9/17). That’s all cutting it a bit close.

however i read some people applying for two chase business ink preferred cards and getting approved. I was thinking of just applying now and I would use the same SSN and just put my name as the business (last time I put my name, Esq). but this time I’d just put my name.

Would that work? Or would they say it’s been <24 mos since you received the last 80k welcome bonus so you'd be denied. If I get denied, would that hurt my chances of applying again when I'm over the 24 month limit of the last bonus?


I just applied and got the dreaded:

“Thank you for your request.

We need to review your request a little longer. We will let you know of our decision as soon as possible.

Thank you for choosing the Chase Ink Business Preferred.”

Should I call now or wait for the decision to be mailed to me?

stephen micheal

nice review, good information you just pass out and I enjoy reading this page. looking forward to more.

Thanks for the kind words Stephen. Glad you enjoyed the article!

I got denied for too many inquires and too much available credit. I offered to move credit lines but they said they don’t do that with this card

Applied for CIP last week.  Got the dreaded “7-10 days a decision will be made” status so called into Recon.  I am under 5/24 only after removing 2 authorized user cards I have (with Chase).  Rep wasn’t the friendliest and said I was denied because I have too much unused credit with Chase.  I’ve had Ink Cash for several years and don’t use very much of the credit line.  They were unwilling to move credit around so that I could get approved.  I also have a bunch of Chase personal cards.

Is it worth closing some of the Chase personal cards (or asking to lower credit limit on them) and then calling recon back or is it a done deal?  I wouldn’t close any of the cards with which I have a long credit history.


Hi Mike,

One thing I do sometimes is to try calling back to see if I have better luck a 2nd time. Sometimes a 2nd rep will see something the original rep did not see.

I have read many instances online of people saying they were able to move credit lines around, reduce their credit lines, etc. in order to get approved for a new card. So it is possible! So I would try calling back and speaking with another rep.

Good luck and let us know how it goes!

Unfortunately I called back a week after denial and no luck 🙁

My last Chase Inc business card statement was 3/1/2017, which I paid in full and then canceled. Do I have to wait 2 years from then to reapply and get the 80,000 bonus?

Hi James,

Many of Chase’s credit card applications have language that state you’ll have to wait 24 months from when you originally received the welcome bonus before you’ll be eligible to earn the intro bonus again. Note that the 24 months starts from the date you received the original welcome bonus, not the date you cancelled the card.

But if you had a different Chase Ink credit card, you’ll be eligible for the Ink Business Preferred’s intro bonus because they’re considered separate credit card products.

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