Chase Ink Cash App Tips

Interested in signing up for the latest Chase Ink Cash offer? Read this page first for everything you need to know about signing up for business cards, whether or not you’re eligible for the bonus, and more.

Signup Offer

Chase Ink Cash: 50K points after $3K Spend in 3 Months ----> Click Here

Is this offer worth pursuing? In my opinion, yes! 50,000 points is the best offer we’ve ever seen for the Ink Cash card.  And, given that these points can be moved to another Chase card to make them even more valuable, this is one of the best offers available for any card.  Plus, since Chase doesn’t report business cards to the credit bureaus, signing up for this card will not increase your 5/24 count. See the 5/24 section below.

Are you eligible for this offer?

  • You must have a business (Note that you may have a business without realizing it!  See the section below titled “Applying for business cards“)
  • You must not have signed up for more than 1 Chase credit card in the past 30 days
  • You must have opened fewer than 5 credit cards, with any bank, in the past 24 months
    • Advanced: It is OK if you’ve opened more cards in the past 24 months as long as the extra ones do not show up on your credit report.  See the 5/24 section below.

Other notes:

  • You can get this card and bonus again. Unlike most other Chase cards, Chase Ink bonuses do not have a restriction saying that you must wait 24 months after last receiving a bonus.  You don’t even have to close this card before applying for a second one, but approval may be easier if you apply under a second business.
  • You can also get the Ink Business Preferred card. There are no rules against getting both cards.

What to do if your application is not instantly approved

In general, the best option is to simply wait for a decision.  If you can’t wait, there are two options:

  1. Call Chase’s automated line to get an application status update: (888) 338-2586
  2. Call Chase’s reconsideration line to ask for an immediate decision: 1-888-270-2127

What to do if your application is denied

If your application is denied, there are two steps you can take:

  1. Call Chase’s reconsideration line to ask them to reconsider the decision: 1-888-270-2127.  If you find that they denied you due to having opened 5 or more cards in the past 24 months, then make sure they are not counting any authorized user cards in your name. You may have to ask to talk to a supervisor to get this done.
  2. Ask your Chase banker in-branch to submit a special reconsideration form for you.  Details about this form can be found here: Chase Special Consideration [Now for business cards only].

How to meet the minimum spend requirement

Once you are approved for this card, you have three months to meet the required spend in order to get the signup bonus.  With Chase, they’ll often actually give you more time: up to 115 days.  If you think you’ll need more than 3 months to get it done, I recommend contacting Chase through secure message to ask for an exact date by which you must complete the spend.

You’re not supposed to use business credit cards for personal purchases, but it is quite common to do so.  If you feel comfortable doing so, use the new card for all of your usual spend.

If your usual spend isn’t enough, consider paying a small fee to use your card to pay bills that can’t usually be paid by credit card, or to pay taxes, etc.  See this post for many options for increasing credit card spend.

Applying for Business Cards

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 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, 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.

Understanding Chase’s 5/24 Rule

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. Some exceptions that are NOT subject to the 5/24 rule include: British Airways, Hyatt, IHG, Marriott Business, and Ritz Carlton.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status.
Chase 5/24 semantics ("Subject to" vs. "Count towards"): Most (but not all) 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.

Examples:

Chase IHG Card is not subject to 5/24 so it's easy to get. But after approval it will count towards your 5/24 total.

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.

Questions about this card?

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