“If You Have a Legitimate Business, Even as Small as Reselling on eBay, Don’t Be Scared”

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“If You Have a Legitimate Business, Even as Small as Reselling on eBay, Don’t Be Scared”

Million Mile Secrets“If You Have a Legitimate Business, Even as Small as Reselling on eBay, Don’t Be Scared”Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Welcome to the first installment of our Small Business Card Reader Success Series, where Million Mile Secrets Readers share how they opened a small business credit card to get Big Travel with Small Money!

Small Business Card Interview:   Juan Ruiz

Juan is our first small business card reader success story to share how he was approved for a small business card.  And what the process was like.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
Oslo With My Twin Girls

A big thank you to Juan for sharing his story!

1.   Please introduce yourself and tell us a bit about your small business.

I’m Juan, also known on my blog as Double Duty Daddy, a dad of twins and avid points and miles enthusiast.  Beside my day job as a higher education professional, I’m a licensed realtor and need a small business card for all my real estate expenses.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
View From My Suite at the Luxurious Park Hyatt Tokyo

2.   Why did you decide on the card(s) you chose?

A few years ago, I had the Chase Ink Bold and Ink Plus (no longer available), both business credit cards from Chase.

Then, both were discontinued and I downgraded to Chase’s only no-fee business card, the Chase Ink Business Cash Credit Card.  I love the Chase Ink Cash because I earn 5% cash back (or 5X points) per $1 spent on monthly bills like cell phone, internet and cable, AND office supply stores.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
Japan Airlines First Class to Tokyo Thanks to American Airlines Miles

You also earn 2 points per $1 spent at gas stations and restaurants with NO annual fee.  Coupled with the Chase Sapphire Preferred or Chase Sapphire Reserve and a no-fee Chase Freedom or Chase Freedom Unlimited, you have the ideal Chase trifecta if you ask me.

3.   Describe the application.  ex. Did you apply as a sole proprietor with your social security number or some other way?

I am a licensed realtor, so on my Chase Ink applications I applied with my Social Security Number.  No need for an EIN (Employer Identification Number).  It’s easy to be approved if you are a sole proprietor and can prove you bring in some income, even if it’s a small amount.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
All-Inclusive Hyatt Ziva Cancun for 25,000 Hyatt Points per Night

4.   Which factors do you think lead to your applications being approved?

Getting approved for a business credit card is easier than you may think.

Be prepared to estimate your gross income from your sole proprietorship.  Whether it be reselling items on eBay, selling houses, or owning your own dental practice, they most likely will ask you a few basic questions about your business.  Normally, how much revenue you bring in and what the business is about.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
Beautiful Shinjuku Gyoen in Tokyo

I was approved for one of my Ink cards for having a resell ticket business where I simply purchased event tickets and resold them on 3rd-party websites.

5.   What would you tell someone who’s never applied for a small business card?

Don’t be scared.  If you have a legitimate small business, one as small as buying items and reselling on eBay or Amazon, then apply.  Just do your research ahead of time to know which is the right small business credit card for you.

6.   Now the fun part!  How do you plan to use your miles or points to get Big Travel with Small Money? 🙂

I am consistently earning Chase Ultimate Rewards points from the trifecta of credit card products I have, so I plan to continue utilizing Chase’s transfer partners like British Airways, Southwest and Hyatt to get Big Travel with Small Money.

If You Have A Legitimate Business Even As Small As Reselling On EBay Dont Be Scared
Andaz Papagayo in Liberia, Costa Rica, With Chase Hyatt Annual Free Night Certificate

Thanks for sharing your small business card experience, Juan!

Want to Share Your Story?

If you’d like to share your small business card success, please send me a note Emily and I would love to hear about how it went for you!

If you liked this post, why don’t you join the 25,000+ 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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I was unable to open a business Chase card using my SSN. As a freelance writer, I do not have an EIN and they would not accept my SSN. Also, they told me that the pull on my account that they had already done will affect my credit rating even though I had the request withdrawn. Very disappointed.

I own two rental homes and earn income from these. However, I do not have any type of business name, LLC, sole proprietorship, etc and report this income on individual income tax. Would I still qualify or do I need to make my “business” more official

Million Mile Secrets

Scott, you definitely qualify! Just use your name as the business name on the application.

This Chase small business card application post would be helpful to you:

https://millionmilesecrets.com/2012/12/12/chase-business-credit-card-application/

“I love the Chase Ink Cash because I earn 5 points per $1 spent on monthly bills”

Does he earn points, or cash back?

Million Mile Secrets

The Chase Ink Cash earns 5 Chase Ultimate Rewards points on certain purchases, which can be redeemed for cash back at 1 cent per point (so 5% cash back).

But if you also have either the Chase Sapphire Preferred, Chase Sapphire Reserve, Ink Business Preferred, or Chase Ink Plus or Ink Bold (no longer available), you can transfer the points you earn from the Chase Ink Cash to one of those cards, and they become true Chase Ultimate Rewards points!

You earn cash back but the cash back can be transferred to any other card that participates in Chase Ultimate Rewards, so if you have one of those you get points.