I recently applied for the Chase Ink Business Preferred 80K credit card under my wife’s account. This credit card is probably the best sign up bonus currently at the time of this post. 80,000 Chase Ultimate Rewards points are worth at least 1.25 cents per point, so the sign up bonus is worth a minimum of $1,000.
My general strategy is to apply for all non Chase credit cards with my account and Chase cards and business credit cards under her account. The big rule to be aware of is the Chase 5/24 rule where Chase won’t approve you for any new cards if you have applied for 5 credit cards from any issuer in the last 24 months. I’ve finally waited for my wife’s account to cool down from 5/24 and was ready to sign her up for Chase credit cards.
Her last credit cards were:
- Citi Thank You Preferred Credit Card – 7/20/15
- Chase Hyatt Credit Card – 7/20/15
- American Express Premier Rewards Gold – 7/20/15
- Citi TY Prestige – 10/2/2015
- Chase British Airways – 3/1/16
- SPG AMEX Business – 3/3/17
As you can see above, I believe she is currently at 1/5 credit cards because Chase British Airways and AMEX business cards don’t count towards the 5/24 rule. I’m slowly going to apply for more Chase credit cards until I reach 5/24.
Here are the details of the Chase Ink Business Preferred:
- Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent in select categories each account anniversary year
- Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
- Redeem points for travel, cash back, gift cards and more – your points don’t expire as long as your account is open
- No foreign transaction fees
- Employee cards at no additional cost
- $95 Annual Fee
I would most likely just keep this credit card for a year because of the annual fee and I still have an old Chase Ink Bold credit card that gets 5X on office supplies. I may solely apply for credit cards under my wife’s name and have my account cool down now.
If you are able to get the Chase Ink Business Preferred 80K Credit Card, I would highly recommend it.