Find Out If You Qualify for a Business Credit Card!

 

Chase just dropped the minimum spend for the Ink Business Preferred credit card to $8,000 in the first three months. This sounds high, but it is half of what it was at $15,000. So for business owners, this could be an easy 100,000 Chase Ultimate Reward points. You can read here about why I love these flexible points and how I use them for FREE travel. 

Do I Qualify For A Business Credit Card?

So the question is what qualifies as a business? You might be surprised. 

Obviously a business with lots of employees qualifies, but what about small businesses? 

Actually, most small side businesses can qualify. If you freelance, sell things on Etsy or Ebay, tutor, babysit, consult, blog, those all qualify for businesses. 

Plus Chase does not care if you use the credit card for personal or business expenses.

Do I Qualify For A Business Credit Card?

You can apply for a business credit card with an EIN number OR if you are a sole proprietor, then you can enter your social security number as your tax ID number. You do not need to become an LLC or Corporation. 

But you will need a credit score between 670-850. 

A few tips when filling out the application:

1. if you are a sole proprietor, your business name is your name. 

2. your business address can be your home address

3. type of business - Corporation, LLC or sole proprietorship

4. tax ID number - an EIN number if you have it, otherwise, use your social security number

5. annual business revenue - how much does your company make in a year

6. age of business - how long have you been in business

7. number of employees - you count as one employee

Do I Qualify For A Business Credit Card?

You can hold more than one Chase Ink credit card at a time so even if you already have one, you can still apply. 

This offer is for the Chase Ink Business Preferred credit card with an annual fee of $95. It comes with a few perks including 3x points on shipping, travel, advertising on social media and search engines and internet, cable and phone. CUR points are worth 25% more in the Chase travel portal so it's still better to combine points to your Chase Sapphire Reserve. 

What are 100,000 Chase Ultimate Reward points worth? Approximately $1,250 in the Chase Travel Portal and possibly much more if you transfer the points to an airline or hotel. You can learn more about the value of Chase Ultimate Reward points here. 

If you decide to apply for the Chase Ink Business Preferred, consider applying through my referral link here. You get the same great offer and I get a small bonus for referring you.