Some of the best travel rewards cards recommended by ChooseFI are three Chase cards that many people think they don’t qualify for.
But they do!
The trio is the Ink Business Preferred Credit Card, the Ink Business Unlimited Credit Card, and the Ink Business Cash Credit Card.
You can earn valuable Chase Ultimate Rewards points on all of these cards with their generous signup bonuses. Even though both the Ink Business Unlimited Credit Card and the Ink Business Cash Credit Card are advertised as “cash back” cards, the cash back accumulates as Chase Ultimate Rewards points.
Every 10,000 Ultimate Rewards points can be redeemed for $100. Chase cards that earn a $500 bonus are actually earning 50,000 Chase Ultimate Rewards points.
After you earn these bonus points, you can then transfer all these Ultimate Rewards points earned from these Business cards to any personal account you or your spouse or partner control, and redeem them for generous travel rewards. They do not have to be used for business travel.
Anyone With A Side Hustle Can Apply
Don’t let the “Business” in the cards’ name throw you off. These are great cards to have in your wallet, and most people in the FI community will qualify for it.
If you have an Airbnb, drive for Uber or Lyft, rent your vehicle on Turo or Maven, or deliver for InstarCart and Doordash, do any freelance work at all, you can get one or more of these cards.
Naturally, everyone’s own situation may be different, but if you have a new-ish side hustle business, you probably should use your Social Security Number to apply for this card.
Introducing The Chase Business Ink Cards For Side Hustlers:
Ink Business Preferred Credit Card
- Get 80,000 bonus points when you spend $5,000 in the first three months. And when redeemed through Chase Ultimate Rewards, that’s $1,000 you can use towards travel.
- For each $1 spent, earn 3 points for the first $150,000 (per year) when spent on travel and certain business categories.
- For all other purchases, each $1 spent is one point earned. Unlimited.
- By redeeming points through Chase Ultimate Rewards, you receive 25% more in value per point.
- As long as the account is open, points do not expire. You can redeem points for Cashback, travel, gift cards, and more.
- No foreign transaction fees.
- Employee cards at no additional cost.
- $95 Annual Fee.
Learn how to apply for the Ink Business Preferred Credit Card here.
Ink Business Cash Credit Card
- Spend $3,000 on purchases within the first three months of opening account and earn a $500 Cashback bonus.
- For each account, earn 5% Cashback on the purchases from office supply stores, internet, cable, and phone services. Combined purchases on the first $25,000 per year.
- For each account, earn 2% Cashback on purchases from gas stations and restaurants, up to the first $25,000 per year.
- 1% Cashback on all other purchases. Unlimited.
- 0% APR introductory rate for 12 months on purchases, 14.74% – 20.74% APR after that.
- Employee cards at no additional cost.
- No Annual Fee.
Learn how to apply for the Ink Business Cash Credit Card here.
Ink Business Unlimited Credit Card
- Spend $3,000 on purchases within the first three months of the opening account and earn $500 Bonus Cashback.
- For every business purchase, earn 1.5% Cashback. Unlimited.
- 0% APR introductory rate for 12 months on purchases, 14.74% – 20.74% APR after that.
- No Annual Fee.
Learn how to apply for the Ink Business Unlimited Credit Card here.
| Ink Business Unlimited Credit Card | Ink Business Cash Credit Card | Ink Business Preferred Credit Card | |
|---|---|---|---|
| Annual Fee | $0 | $0 | $95 |
| Foreign Transaction Fees | 3% | 3% | None |
| 0% Intro APR | Unlimited for 12 months on purchases | Unlimited for 12 months on purchases | N/A |
| Highlights | Earn a $500 bonus by spending $3,000 within the first three months Earn 1.5% cash back on every dollar spent. Unlimited. | Earn a $500 bonus by spending $3,000 within the first three months Earn 5% cash back on the purchases from office supply stores, internet, cable, and phone services on the first $25,000 in combined purchases per year. Earn 2% cash back on purchases from gas stations and restaurants, on the first $25,000 per year in combined purchases. 1% cash back on all other purchases. Unlimited. | Get 80,000 bonus points when you spend $5,000 in the first three months. Earn 3 points per dollar spent on travel and in certain business categories on the first $150,000 spent per year. 1 point per dollar spent on everything else |
| Learn how to apply here | Learn how to apply here | Learn how to apply here |
How To Maximize The Odds Of Approval
If your side hustle business is pretty new, it will not have a seasoned credit history, which means the approval decision would depend on your personal credit history, so you’ll want to apply for the card using your social security number.
If you have a more established business that has been running for a few years and has its own credit history, applying with your EIN might be helpful.
Which Chase Business Ink Card To Start With?
Start with the Ink Business Preferred Credit Card. It’s got the best sign up bonus.
Then wait until you’ve earned the bonus, before applying for the Ink Business Cash Credit Card or the Ink Business Unlimited Credit Card.
Remember, even though both these cards are advertised as “cashback” cards, they are actually earning those valued Chase Ultimate Rewards points.
So, a $500 cashback bonus is actually 50,000 Chase Ultimate Rewards, which can be transferred to the Ink Business Preferred Credit Card, or even the Chase Sapphire Reserve and the Chase Sapphire Preferred Card.
Why We Love Chase Business Ink cards
Besides the generous bonuses and versatility and value of the Chase Ultimate Rewards points, there are two other things we love about the Chase Business Ink cards.
1. You can apply for more than one if you have more than one side hustle business.
2. These business cards do not add to your 5/24 number. This is an important yardstick that Chase uses to decide if it would even process your application. If you have had five or more credit card applications in the last 24 months, your application will be declined.
To find out more about the Chase 5/24 rule, as well as how to maximize the value of your Chase Ultimate Rewards points, check out our free travel course.
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