Reader Question: “If I Have the Chase Sapphire Preferred, Can I Get the Sign-Up Bonus on the Ink Business Preferred?”

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Reader Question:  “If I Have the Chase Sapphire Preferred, Can I Get the Sign-Up Bonus on the Ink Business Preferred?”

Million Mile SecretsReader Question:  “If I Have the Chase Sapphire Preferred, Can I Get the Sign-Up Bonus on the Ink Business Preferred?”Million Mile Secrets Team

Signing-up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.

When it comes to credit card applications and earning sign-up bonuses, each bank has different rules.  And with the valuable sign-up bonuses currently offered by the Chase small business cards, we’ve been getting lots of questions about who is (and isn’t) eligible for those offers!

Chase Sign Up Bonus Eligibility
Questions About Credit Card Eligibility Are Pretty Common! Each Bank’s Rules Can Be Hard to Decipher

Million Mile Secrets reader Chuck, asked:

I already have the Chase Sapphire Preferred Card.  If I apply for the Chase Ink Business card will I be able to receive the welcome bonus for it?

Hi Chuck.  Thanks for the question!

Chase Sign-Up Bonus Eligibility

Chase offers two versions of the Ink Business card, the Ink Business Preferred Credit Card and the Ink Business Cash Credit Card.  Both are considered different card products from the Chase Sapphire Preferred.  So yes, you would be eligible to earn the bonus from either of those cards!

I’ll go through the benefits of these 2 cards, to help you decide which is best for your situation.  And remind you about Chase’s other application rules, that could affect your ability to be approved for their cards.

Chase Ink Business Preferred vs. Chase Ink Cash

Chase Ink Business Preferred

Link:   Ink Business Preferred℠ Credit Card

Link:   Our Review of the Chase Ink Business Preferred

Ink Business Preferred℠ Credit Card

The Ink Business Preferred is a fantastic card for business owners looking to earn travel rewards or cash back.  The card currently has a welcome bonus of 80,000 Chase Ultimate Rewards points after spending $5,000 in the first 3 months after account opening.

You can redeem the sign-up bonus for $800 in cash back OR $1,000 in travel by booking airfare, hotel stays, or car rentals through the Chase’s travel portal (with no blackout dates!).

The card also comes with the following perks:

The $95 annual fee is NOT waived the first year.

Ink Business Cash $500 Cash Back (50,000-Point) Offer

Link:   Ink Business Cash Credit Card

Link:   Our Review of the Increased Ink Business Cash Offer

Business owners looking for a simpler, no-annual fee card may want to consider the Ink Cash.

With the Ink Business Cashyou’ll earn $500 cash back (50,000 Chase Ultimate Rewards points) after spending $3,000 in the first 3 months of account opening.

That’s the highest bonus we’ve ever seen on this card.  And it also comes with:

  • 5% cash back (5X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at office supply stores and on phone, internet and cable TV services each account anniversary year
  • 2% cash back (2X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • 1% cash back (1X Chase Ultimate Rewards point) on all other purchases
  • Primary car rental insurance (CDW) when renting for business purposes, covering damage to your rental car due to theft or collision when you pay with your Chase Ink Cash card.  Secondary coverage when renting for personal reasons
  • NO annual fee

By itself, points earned on this card can be redeemed for a flat 1 cent per point for cash back or travel.  And you can NOT transfer points to any of Chase’s travel partners.

However, if you have cards like the Chase Sapphire PreferredChase Sapphire Reserve, or Ink Business Preferred, the points you earn with the Ink Cash can be worth a LOT more.

Chase Sign Up Bonus Eligibility
If you have either Chase Sapphire card or the Chase Ink Business Preferred card, points earned on any other Chase card can be pooled together and used with Chase’s travel partners!

Chase Application Rules

If you’re considering any Chase cards, don’t forget about their “5/24 rule.”  Where if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months, it’s unlikely you’ll be approved for most Chase cards.

If you are under 5/24, your odds of approval will go up, but will still depend on your credit score and a few other factors.  Here’s how to check your 5/24 status.

Also, both the Ink Cash and Ink Preferred are small business cards, but you might qualify without realizing it!  Check our step-by-step guide to completing a Chase business card application.

Bottom line

Although Million Mile Secrets reader Chuck already has the Chase Sapphire Preferred card, he is eligible for a welcome bonus on either of the Chase Ink Business cards because they’re considered different card products!  But ultimately, whether or not he’s approved is up to the bank.

With the no-annual-fee Ink Business Cash, you’ll earn a $500 cash back (50,000 Chase Ultimate Rewards point) welcome bonus after meeting minimum spending requirements.  That’s the highest offer we’ve ever seen on this card.

The Ink Business Preferred comes with a 80,000 Chase Ultimate Rewards point sign-up bonus after meeting minimum spending.  That’s worth $800 in cash, $1,000 toward travel if used through the Chase travel portal, or potentially more if transfer points directly to Chase’s travel partners!

If you liked this post, why don’t you join the 37,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

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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What is the period you have to wait until opening this Ink Business Preferred card again to receive a welcome bonus? If I had this card a year ago, can I open it again now? I couldn’t find any mention of that on their website. Most cards do state 24 months, but couldn’t find anything on this one. Thanks!

The Chase Sapphire Reserve card says:

>>No blackout dates or travel restrictions — as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards<<

Can I use this benefit to book with cash or miles, or is it limited to using Ultimate Reward points?

Good question, David!

So what they are essentially saying is that Chase Ultimate Rewards points can be used just like cash to purchase flights. But to pay for a flight with your Chase Ultimate Rewards points, you’ll need to book through the Chase Travel Portal.

Here’s a post on how to do that: