Best business card offers that don’t add to 5/24

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In my opinion, Chase offers many of the best credit cards and the best signup offers.  They have a fantastic lineup of cards that earn Ultimate Rewards points.  Through these cards one can easily amass hundreds of thousands of transferable points through signup bonuses, and then continue to earn huge rewards by picking the right cards for the right type of spend (for example, pay your phone, cable, and internet bills with your no-fee Ink Business Cash card to get 5X rewards for these purchases).   You can read more here: Chase Ultimate Rewards Deep Dive.

Another key component of Chase’s credit card dominance is that they issue Southwest Airlines credit cards.  This is huge because Southwest has the best deal in travel: earn 110,000 qualifying points in a calendar year and you get a companion pass good for an unlimited number of flights booked with points or cash.  That companion pass is good for the rest of the year in which it is earned and all of the next year.  And, with Chase, it’s often possible to get that companion pass simply by signing up for a personal Southwest card and business Southwest card and meeting the minimum spend requirements for both.

Chase also has a few terrific hotel credit cards.  If you want to earn top tier Hyatt status (which is, by far in my opinion, the best top tier hotel status), you can earn that status through spend with the World of Hyatt card.  Chase also provides very good IHG and Marriott cards.

But 5/24!

The problem with Chase’s cornucopia of credit card goodness is that there comes a point in every point-hunters life when they’ll no longer get approved for new Chase credit cards.  When Chase sees that you have opened 5 or more credit cards in the past 24 months, they won’t approve you for new cards (except when you are targeted for a “Just for You” offer).  This obviously makes it very difficult to take advantage of all of the great Chase credit card opportunities.

Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely.

The business card solution

Chase uses your credit report to determine your 5/24 count, and it so happens that most business cards are not reported to the personal credit bureaus.  Even Chase business cards are treated this way.  That is, you won’t get approved for a Chase business card if you are over 5/24, but if you are under 5/24 and get approved, that new card won’t increase your 5/24 count.  So, a great way to delay going over 5/24 is to sign up primarily for business cards, including Chase business cards.  This is the strategy that we documented in the “informed newbie” series (see: Over 600,000 points and well under 5/24).  And, it is the strategy that my son is following under my direction.

Applying for Business Credit Cards

Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale, or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.

When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.

Is it OK to use business cards for personal expenses? Anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.

Best business card offers that won’t add to 5/24

This table shows business cards that do not contribute to your 5/24 count.  Cards are sorted by first year estimated value.  We have weeded out business cards from issuers like Capital One and TD Bank since they do report business cards to personal credit bureaus.  Please note that there are some situations where the banks listed here will report to the personal credit bureaus (such as when you miss payments).

If you’re interested in seeing more than the top 10 offers, simply click “Next” at the bottom of the page, or use the drop down selector at the top to show more than 10 items.

Card Offer
AAdvantage® AviatorTM Business MasterCard®
Up to 75K miles
Up to 75K miles: 65k miles after $1K in purchases within 90 days and 10K miles when a purchase is made on an employee card that is added to the account at the time of application or within 30 days of the account open date

$95 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to 75K miles: 65k miles after $1K in purchases within 90 days and 10K miles when a purchase is made on an employee card that is added to the account at the time of application or within 30 days of the account open date

CitiBusiness AAdvantage Platinum Select World MasterCard
70K miles
70K after $4K spend in first 4 months

No Annual Fee First Year, Then $99

JetBlue Business Card
Up to 60K miles
Up to 60K: 50K after $1K spend in 90 days and earn 10K after a purchase is made on an employee card. Note that this offer may only show up on the mobile version of the site.

$99 Annual Fee

The Hawaiian Airlines® Business MasterCard® issued by Barclays
Up to 60K miles
50K after $1K in the first 90 days + 10K after a purchase is made on an employee card

$99 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: 60K after $1K in the first 90 days + 10K after first purchase on an employee card [Expired 8/19]

Wells Fargo Cash Wise Visa® Card
$150 Cash Back
$150 after $500 spend in the first 3 months

No Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Alternate offer: Some people are targeted (in their online Wells Fargo account or via snail mail) for 3% cash rewards for the first year up to $30,000 spent)

Calculations

First year values are calculated as: estimated first year value minus estimated first year costs. First year value includes signup bonus points and statement credits. First year costs include the first year annual fee and the opportunity cost of meeting minimum spend requirements.

Please note that valuable perks such as free checked bags, companion passes, airport lounge access, etc. are not included in these calculations.

Full details of how first year value is calculated can be found here: Credit card signup bonus estimation details.

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Eugene
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Eugene

Silly question maybe. The list you gave at the bottom of the article states “Best business card offers that won’t add to 5/24” but some of the individual cards listed right beneath that headline indicate they are known to count??? So which is it? I am confused. Thanks.
Also, if these cards show up in our Chase accounts under “Just for you” – does that mean they are pre-approved? Thanks

AlexL
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AlexL

“This card is known to be subject to Chase’s 5/24 rule.” Are you referring this sentence? It means to get this card, you are at the mercy of the Chase’s 5/24 Rule. However, it won’t increase your new card total within a 24-month period.
To your second question, I think so.

Found the article by Greg: https://frequentmiler.boardingarea.com/best-chase-cards-subject-5-24/
Chase 5/24 semantics (“Subject to” vs. “Count towards”): Most Chase cards are subject to the 5/24 rule. That means the rule is enforced in making approval decisions. In other words, you probably won’t get approved if your credit report shows that you opened 5 or more cards in the past 24 months. Meanwhile, most business cards (such as those from Chase, Amex, Barclaycard, BOA, Citi, US Bank, and Wells Fargo) are not reported on your personal credit report. These cards do not count towards 5/24.

Example: Chase Ink Business Preferred is subject to 5/24, so you likely won’t get approved if over 5/24. If you do get approved, it won’t count towards 5/24 since it won’t appear as an account on your credit report.

Frank
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Frank

The Citi AA Business card showed up on my personal credit. I think it was a mistake as the 70,000 bonus miles didn’t show up either. I had to call and complain and it took some weeks but they finally gave me the 70,000 AA miles.

If I call them, do you think they will be able to remove it from my credit history?

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[…] How to get under 5/24 and what to do while waiting.  It would be nice to have a dedicated page/post with best non-reporting biz offers for those in our category. [Note: we already answered this suggestion with a new post: Best business card offers that don’t add to 5/24] […]

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[…] You know, most of these are available with my links. You want to keep this blog alive, USE THEM! Best business card offers that don’t add to 5/24. […]

Nam
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Nam

How many Chase business credit cards can you own as a sole proprietor? I already have Chase ink business preferred and Chase ink cash. I am under 4/24 right now.