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Earning sign-up bonuses by applying for new credit cards is the quickest and easiest way to accumulate points to save money on travel. That’s one reason I just applied for a second Ink Business Preferred℠ Credit Card.
When you sign-up for the Ink Business Preferred card, you’ll earn 80,000 Chase Ultimate Rewards points after meeting minimum spending requirements. This is the highest sign-up bonus among any Chase Ultimate Rewards point earning card. You can get more than $1,000+ worth of free travel, which is why I recommend this card to all of my friends and family who qualify as a small business.
Unlike American Express, it’s possible to have more than one of the same Chase business card. But admittedly, I was a bit skeptical that Chase would approve me given I already have the card. Plus, the second Ink Business Preferred is my 6th active Chase small business card.
I actually was NOT instantly approved after submitting my card application. I had to call the reconsideration line and provide additional information about my business activities. After a ~10 minute call, they shifted credit from one of my other small business cards and approved me. You can check out our guide with Ink Business Preferred approval tips to see everything you should know before applying for the card or if you’re not approved right away!
The best part is I applied for both Ink Business Preferred cards using just my social security number. I don’t have separate tax ID numbers (EINs) or corporate entities. I just apply as a sole proprietorship.
One of the main reasons I applied for a second Ink Business Preferred was to help organize my expenses between my different business activities. For example, I resell items for profit on eBay, do some real estate consulting, and also work as a freelance writer. So having separate business cards for different business activities helps me track expenses.
Apply for the Ink Business Preferred 80,000-Point Offer
Apply Here: Chase Ink Business Preferred
Right now the Chase Ink Business Preferred card offers the best welcome offer of any Chase Ultimate Rewards card. You can earn 80,000 Chase Ultimate Rewards points after spending $5,000 on purchases within the first 3 months of account opening.
With the Ink Business Preferred, you can use Chase Ultimate Rewards points for cash back at 1 cent per point, or get even more value by redeeming them for travel (including airfare, hotels, and car rentals) through the Chase Ultimate Rewards travel portal, or transfer points to hotel and airline partners. At a minimum, the sign-up bonus is worth $1,000 in travel through the Chase travel portal!
The Ink Business Preferred has a $95 annual fee which isn’t waived for the first year. However, given that the welcome bonus alone is worth at least $1,000, this makes the card well worth it for virtually everyone who qualifies!