{"id":116994,"date":"2024-08-08T12:00:06","date_gmt":"2024-08-08T12:00:06","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/08\/08\/who-is-eligible-for-the-chase-ink-business-preferred-card-the-points-guy\/"},"modified":"2024-08-08T12:00:06","modified_gmt":"2024-08-08T12:00:06","slug":"who-is-eligible-for-the-chase-ink-business-preferred-card-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/08\/08\/who-is-eligible-for-the-chase-ink-business-preferred-card-the-points-guy\/","title":{"rendered":"Who is eligible for the Chase Ink Business Preferred card? &#8211; The Points Guy"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred\u00ae Credit Card<\/a> is one of the <a href=\"https:\/\/thepointsguy.com\/credit-cards\/business\/\" rel=\"noopener\" target=\"_blank\">best business credit cards<\/a> for travel rewards.<\/p>\n<p>It is currently offering a welcome bonus of 120,000 points after you spend $8,000 on purchases in the first three months of account opening. According to TPG&#8217;s August 2024 <a href=\"https:\/\/thepointsguy.com\/guide\/monthly-valuations\/\" target=\"_blank\" rel=\"noopener\">valuations<\/a>, the bonus offer is worth $2,460.<\/p>\n<p>Before filling out and submitting an application, here are some ways to determine if you are eligible to apply for the Ink Business Preferred and earn the welcome bonus.<\/p>\n<p><a id=\"ink-business-preferred-card-details\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Ink Business Preferred card details<\/h2>\n<p>As a quick reminder, here are the current offer details and a roundup of the card&#8217;s key perks:<\/p>\n<h3>Current welcome offer<\/h3>\n<p>The <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a> allows new cardholders to earn 120,000 bonus points after spending $8,000 on purchases in the first three months after account opening.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">THE POINTS GUY<\/figcaption><\/figure>\n<h3>Annual fee<\/h3>\n<p>$95<\/p>\n<h3>Earning rates<\/h3>\n<p>The Ink Business Preferred earns points at the following rates:<\/p>\n<ul>\n<li>3 points per dollar on travel, shipping purchases, internet, cable and phone services<\/li>\n<li>3 points per dollar on advertising purchases made with social media sites and search engines<\/li>\n<li>1 point per dollar on other purchases<\/li>\n<\/ul>\n<p>Cardholders only earn 3 points per dollar on the first $150,000 spent in combined purchases each year, after which you earn 1 point per dollar.<\/p>\n<div class=\"&#10;        EmailSignUp_container__qYzYT&#10;        undefined&#10;        EmailSignUp_isLoading__i_qm0&#10;      \"><picture class=\"EmailSignUp_graphic__zgpFm\"><source media=\"screen and (max-width: 767px)\" srcset=\"\/images\/EmailSignUp\/daily-mob.svg\"\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/thepointsguy.com\/images\/EmailSignUp\/daily-dt.svg\"\/><\/picture>\n<div class=\"EmailSignUp_form__C8FWb\">\n<p>Daily Newsletter<\/p>\n<p>Reward your inbox with the TPG Daily newsletter<\/p>\n<p>Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\n<\/div>\n<\/div>\n<h3>Key benefits<\/h3>\n<ul>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/phone-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Cellphone protection<\/strong><\/a><strong>:<\/strong> Receive up to $600 per claim for damage or theft of cellphones. This is limited to three <a href=\"https:\/\/thepointsguy.com\/guide\/how-to-submit-cell-phone-insurance-claim-ink-business-preferred\/\" rel=\"noopener noreferrer\" target=\"_blank\">claims<\/a> in 12 months, and you must pay a $100 deductible per claim.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-cards-purchase-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Purchase protection<\/strong><\/a><strong>:<\/strong> Eligible items damaged or stolen within the first 120 days after purchase are covered up to $10,000 per claim ($50,000 per account).<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/credit-card-trip-cancellation-interruption-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Trip cancellation\/interruption insurance<\/strong><\/a>: Eligible for up to $5,000 of coverage per person for prepaid, nonrefundable travel expenses.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/cards-with-trip-delay-reimbursement\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Trip delay reimbursement<\/strong><\/a><strong>:<\/strong> If a covered trip is delayed by a covered hazard for 12 or more hours, you may be eligible for reimbursement, up to $500 per ticket in reasonable expenses.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/cards-primary-car-rental-coverage\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Primary car rental coverage<\/strong><\/a><strong>:<\/strong> You are covered for theft and damage in the U.S. and most countries around the world. Bear in mind that thefts don&#8217;t trigger liability coverage, but you are covered up to the actual cash value of the vehicle you&#8217;re renting.<\/li>\n<li><strong><a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-cards-for-extended-warranty\/\" rel=\"noopener noreferrer\" target=\"_blank\">Extended warranty protection<\/a>:<\/strong> Purchases with a U.S manufacturer warranty of three years or less get coverage for an extra year.<\/li>\n<\/ul>\n<p><a id=\"whos-eligible-to-apply-for-the-ink-business-preferred\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Who&#8217;s eligible to apply for the Ink Business Preferred?<\/h2>\n<p>To be eligible for the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a>, you must have a business, which can be a limited liability company, S corporation or partnership; freelancers and sole proprietors are also eligible. In some instances, Chase may require you to provide documentation as proof of your business, as was the case with my application.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">ROB LEWINE\/GETTY IMAGES<\/figcaption><\/figure>\n<p>It&#8217;s easier for those with LLCs or other business structures. However, it can be more challenging for freelancers or sole proprietors. You could provide your 1099 tax forms; in my case, I provided my &#8220;doing business as&#8221; registration, which I obtained from my county&#8217;s clerk-recorder office.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ways-you-might-be-eligible-for-business-credit-card\/\" target=\"_blank\" rel=\"noopener\">Who qualifies for a business credit card?<\/a><\/strong><\/p>\n<p>Unlike the personal Sapphire cards from Chase, the Ink Business Preferred does not state any restrictions on who is eligible to earn the welcome bonus. You can also hold different Chase Ink Business cards, such as the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-cash%e2%84%a0-credit-card\/?pid=22125825&amp;tid=post\" rel=\"noopener\" target=\"_blank\">Ink Business Cash\u00ae Credit Card<\/a> or <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-unlimited-credit-card\/?pid=6218&amp;tid=post\" rel=\"noopener\" target=\"_blank\">Ink Business Unlimited\u00ae Credit Card,<\/a> and still be eligible for the Ink Business Preferred and its welcome bonus.<\/p>\n<p>Data points also show that cardholders can hold multiple Ink Business Preferred cards. For example, some cardholders have one <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a> for their LLC, which they have applied for using an employer identification number, and another Ink Business Preferred for their freelance work, which they&#8217;ve applied for using their Social Security number.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/business-credit-card-with-ein-only\/\" target=\"_blank\" rel=\"noopener\">How to get a business credit card with just an EIN<\/a><\/strong><\/p>\n<p><a id=\"chases-5-24-rule\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Chase&#8217;s 5\/24 rule<\/h2>\n<p>Before applying for the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred Card<\/a>, consider Chase&#8217;s infamous 5\/24 rule.<\/p>\n<p>Despite meeting the requirements of owning and proving you have a business and possessing a <a href=\"https:\/\/thepointsguy.com\/credit-cards\/what-is-a-good-credit-score\/\" rel=\"noopener\" target=\"_blank\">good credit score<\/a>, your application could be rejected if you have too many credit cards.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/02\/Dissapointed-and-frustrated-person-in-front-of-computer-at-office_-Delmaine-Donson.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">DELMAINE DONSON\/GETTY IMAGES<\/figcaption><\/figure>\n<p>If you have opened five or more new credit card accounts (including authorized user accounts and some business accounts) across all issuers in the past two years, Chase is likely to deny your application.<\/p>\n<p>Before applying, look at your cards and even your credit report to ensure you&#8217;re under the 5\/24 rule before you are rejected; the hard inquiry will stay on your credit report for two years.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ultimate-guide-chase-5-24-rule\/\" rel=\"noopener\" target=\"_blank\">Chase&#8217;s 5\/24 rule: Everything you need to know<\/a><\/strong><\/p>\n<p><a id=\"bottom-line\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Bottom line<\/h2>\n<p>The <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a> is a fantastic travel rewards credit card for business owners, so those who are eligible should consider applying. The card is open to a variety of business owners, including freelancers and sole proprietors.<\/p>\n<p>Be sure to have all your paperwork in case Chase asks for proof. The card&#8217;s earning categories, low annual fee and ability to earn transferable Ultimate Rewards points make this product an excellent choice for businesses.<\/p>\n<p>To learn more about the card, read our <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ink-business-preferred-card-review\/\" rel=\"noopener\" target=\"_blank\">full review of the Ink Business Preferred<\/a>.<\/p>\n<hr class=\"jsx-3272990499\"\/>\n<p><strong>Apply here: <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a><\/strong><\/p>\n<hr class=\"jsx-3272990499\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/thepointsguy.com\/guide\/chase-ink-business-preferred-bonus-eligibility\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ink Business Preferred\u00ae Credit Card is one of the best business credit cards for travel rewards. It is currently offering a welcome bonus of 120,000 points after you spend $8,000 on purchases in the first three months of account opening. According to TPG&#8217;s August 2024 valuations, the bonus offer is worth $2,460. Before filling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":116995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-116994","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-travel"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/116994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=116994"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/116994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/116995"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=116994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=116994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=116994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}