The Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card are cash-back cards with no annual fee and different rewards structures. The Ink Business Preferred® Credit Card is more of a travel card. It earns points, has an annual fee of $95 and includes more benefits. See our comparison article.
There is a 24-month rule that applies to all Chase credit cards, including those co-branded with a frequent flyer program or hotel chain. You can earn a signup bonus on the same card more than once as long as you no longer have the card and it's been 24 months since your last bonus posted to your account.
Full Review
The Ink Business Cash® Credit Card can be a lucrative card for small-business owners who spend heavily in its top bonus categories and want a card with an annual fee of $0. And it welcomes new cardholders with a generous sign-up bonus. But its most lucrative rewards are capped, which hurts big spenders.
If you want the best odds of being approved for the Chase Ink Business Preferred, make sure you:
Increase your credit score: Your credit score should be at least 680 when you apply for a Chase business credit card, but having a score of 720 or higher will give you the best chances.
Ink Business Cash® Credit Card
For the Ink Business Cash card, you'll generally need good to excellent credit, meaning a score of 700+.
Summary of Applying for the Chase Ink Business Preferred
Having good to excellent credit, business income, and fewer than five new credit cards means you have high approval odds for the Ink Business Preferred® Credit Card.
Yes, you can get a Chase Sapphire bonus twice, but only after a long waiting period. If you get the bonus of 60,000 points from the Chase Sapphire Reserve card, you cannot get another initial bonus from any Sapphire card for the next 48 months.
You can have each of the three different Ink Cards, so if you have the Ink Business Preferred you're still eligible for the Ink Business Cash and Ink Business Unlimited (including the bonuses)
The Ink Business Preferred card is the winner when it comes to redeeming points for travel since points can be redeemed for 1.25 cents each via the Ultimate Rewards travel portal with no transfers necessary.
Capital One: Reports all business credit card activity to the consumer credit bureaus. Chase: Reports to the consumer credit bureaus only if your account is more than 60 days delinquent. Citi: Does not report business credit card activity to the consumer credit bureaus.
No, the Chase Ink Preferred isn't a metal card. Chase has only 2 metal cards: the Chase Sapphire Preferred Card and the Chase Sapphire Reserve. Metal cards are famous not only for their looks, but their more lucrative rewards, rates, fees and other perks.
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