Link: Apply now for the Ink Business Preferred® Credit Card with 120,000 bonus points
Currently, the Ink Business Preferred® Credit Card (Review) is offering an incredible welcome bonus of 120,000 points, and since I just applied for and was approved for this card, this is my second one, so I wanted to report on my experience.
Why it’s worth getting the Chase Ink Preferred card
With an annual fee of $95, the Chase Ink Business Preferred card is one of the most attractive business cards out there, and there are plenty of reasons to get this card.
- Once you hit the minimum spend, you’ll receive a welcome bonus of 120,000 Ultimate Rewards points, which should cover at least $1,500 in travel expenses, but based on my Ultimate Rewards points valuation, the bonus is worth $2,040.
- With a great rewards structure that includes several categories where you can earn triple points, this is a great card for racking up Ultimate Rewards points.
- Many valuable benefits include mobile phone protection, rental car coverage, and extended warranty protection
In my opinion, the low annual fee, great bonuses, great rewards structure, and valuable purchase protection make this card a no-brainer.
Check out our Chase Ink Preferred card review for more details.
Chase Ink Preferred Card Eligibility Basics
Every credit card has its own terms and conditions, but luckily, the Chase Ink Business Preferred card’s terms are not too strict. As you can see from the offer terms for this card, there is no 24-month or 48-month rule like there are with other Chase cards.
For example, I’ve had a Chase Ink Business Preferred card for my company for many years and it’s one of my primary cards for business spending, but if you run multiple businesses, it’s okay to get cards for multiple businesses.
In my case, I decided to apply for a second Chase Ink Business Preferred card for my solopreneurial career. With Chase Ink products, unless otherwise noted, you are eligible for a bonus if you are approved for the card, which means the welcome offers on these cards are not “once in a lifetime.”
Check out our Chase Ink Preferred card eligibility guide for more information.
My experience applying for the Chase Preferred Card
As I mentioned above, I hadn’t applied for the Chase Ink Business Preferred Card in years because I’d had my existing card basically since the product was launched, but this time I applied as an individual business owner and thought I’d report on my experience.
Applying for a Chase business card is very easy. In the first section, you just fill out your personal information, which is standard for any credit card application.
In the next section, you’ll be asked for information about your business. You should always answer honestly on a credit card application. When applying as a sole proprietor, here’s how I answered:
- For legal business type, I selected “Sole proprietor”
- You can use your own name as the business name.
- I selected my Social Security Number as the tax ID type and entered it.
- Next, I entered information about the number of employees (1), company phone number (same as my personal number), company incorporation date, and business revenue.
- For business category I selected “Professional, Scientific, Technical Services”, for business type I selected “Other Professional, Scientific, Technical Services”, and for business subtype I selected “Other Professional/Scientific/Technical Services”.
I applied and was approved almost immediately, which made me really happy because in my experience, it’s pretty rare for a Chase card (especially a business card) to be approved so quickly.
Conclusion
The Chase Ink Business Preferred card is a great business card. Currently, the card is also offering an all-time high 120K points bonus, making it a great time to apply. I received the card and was approved right away. I hope this data is helpful to others considering purchasing this card, especially as a sole proprietor.
If you’ve recently applied for a Chase Ink Business Preferred card, what was your experience like?
