If you'd like to learn how to apply for this card before this INSANE welcome offer expires, check out this link to help support the channel: yourbestcreditcards.com/card/chase-ink-business-cash?ccid=1043 Thank you so much for watching! Is this a card you're looking to apply for right now? If not, what other cards are you eyeing?
@@brodeebell7002 To my understanding, independent contractors are generally not sole props unless you own your own business where you provide services under employment contracts. So if you're just making money through 1099s you could probably call yourself a sole prop. But if you're an employee getting benefits and everything that may not qualify you as a sole prop. I'd just look at it from a high level though... are you running your own "business" or no? And do you pay income taxes on all your profits or does an employer pay for some of your taxes for you?
Amazing video, thank you so much for sharing real value! I have one question, and it would be great to hear your advice about that. I'm living in Europe, have US LLC as non-resident and do not have any business card yet (I'm 18 year old). I'm going to get Chase business cash credit card. Do you think it's okay to apply for the card just with EIN or it's better to obtain ITIN first and then apply for the card?
Thank you so much! To be honest, I'm not exactly sure what the most optimal approach is. I'd say you could just apply under your EIN, but in the application you also have to provide your SSN or ITIN I believe which would answer your question right there. Let me know if you find something different though! @@ОлексійКонц-ъ3п
Subscribed. Thank you for really dumbing it down for the likes of me. This is the video I was hoping/looking for and it delivered. Keep up the great work. I hope you get tons of subscribers!
Thank you K! I'm super happy with the offer. I'm also glad it's still around! I may have to get my mom on it since she's looking for a new card right now and is a real estate agent, so she runs her own business technically. Thank you for watching as always!
Thanks so much man!! I’m super excited to have added this one to the setup. It would be real nice if they actually shipped it to my house though lol. I really appreciate you being here as always!
continuing my credit journey.. just applied for my first business card.. Chase Ink Unlimited.. can't wait to get that 90k SUB! Thanks Spencer for the walkthrough!
Wow man I really appreciate that! This is what I love to do and I want to be able to take it full time this year to provide even better content, so comments like this really help to keep me focused on that goal. Thank you for your support man!
Dammit Spencer, we're always twinning! I applied 12/30 for the ink unlimited while over 5/24. Was given the review status and approval email came like 5 mins later. Shifted some credit from my ink cash to help with the bonus spend
Haha I love it. Congrats on getting approved while over 5/24! Not that many people have had success with that so you should be proud. That's smart to shift credit lines around. I don't think I would be able to do that from any of my personal cards, so I'll make $3k work! Congrats again on the new card!
Great job capitalizing on that super high offer on the Chase Ink Cash before it goes away. This card will be a great option for you both for putting business expenses on, and then also getting those valuable 90K Chase Points of course, and being able to utilize those how you choose, potentially maximizing your redemption value upside. Great video as always Spencer!
Thank you Matt! I definitely didn't wanna let this one slide. Gonna have to get a bit creative about how I hit the SUB, but I got some plans in the works so I should hit it easily without overspending at all. I'm excited to use those points and earning categories as well! Thanks for watching man!
Probably the best keeper biz card. Also saw Staples is running the no fee Visa reloads this week. Great timing if you want to aggressively break in the card lol. They also gave me $3k on both my Ink cards. Randomly they increased my CIU to $6k
I agree with you! Definitely planning on getting a lot of use out of this one. What is your recommended strategy for gift cards? Is there a certain limit you will spend up to before you worry about them cracking down on your accounts? And that's great to know about the SUBs. I'm hoping that won't be much of an issue for me in the future.
@@SpencerJohnsonOfficial I do it when I have a use for them. I do know a guy from the Bank Account Bonus Central channel who goes as hard as possible. He stops at a staples every day to buy whatever the per person limit is I have purchased thousands of dollars in store GC's within a weeks time and didn't have an issue so I think you're good
@@RJFinancial Ah okay I gotcha. I'm always weary about that stuff but it seems like people get away fine with it. And you can just do it with Visa gift cards right? Basically prepaying for stuff in the future I guess?
@@SpencerJohnsonOfficial Visa and MasterCards version go on sale often, both of them seem to work fine. People pay bills like utilities where they wouldn't get a multiplier, use them to buy stuff like normal, or prepay stuff. Back in the day people would buy money orders with them payable to yourself, then cash it. Western Unions don't like this because it's the same thing you'd do if you had stolen a card.
@@RJFinancial That's all good to know. I can see why they'd have issues with it, but at the end of the day, if we're using their cards, we're using their cards! Do you have a max amount you'll put on one at a time/frequency in which you'll buy? Sorry for all the questions lol. Just wanna make sure I speak correctly on it in the future as well.
Congrats on your CIC approval and welcome to the ink club, Spencer! If you use your CIC heavily (60% usage), pay it off, rinse and repeat. You'll receive an auto CLI from Chase base on my personal experienced. I got the CIC on December 2021 and max the card weekly then couple months later I received an auto CLI from SL 4K to 10K CL. If you got the card for the sub, you won't get an auto CLI from Chase. I test it out on my CIU on November 2022, max the card in 6 weeks then sock drawer.
Thank you Thi! And that is great to know. I will definitely be putting some high utilizations on it for a while and then continue to use it regularly outside of that as well. I'm hoping I get a similar CLI to you! Time will tell though. Thanks for sharing that for me!
I intentionally searched for a channel with less viewers than the bigger guys and clicked your referral link to give you the affiliate bonus. Keep the hustle up, Spencer.
Let’s goooo Spencer! Congrats man! Good timing on getting the card too before the 90k offer goes away. Great breakdown on the card as well. Amazing video as always bro! 🙌🏻
Thanks so much Edras! Definitely excited to add this one to the setup, especially with that 90k offer! I appreciate the kind words man. Thank you for watching too!
Congrats Spencer! I have a great idea for a future video that'll be helpful for me as well as a lot of others! At the end, you created a Chase online business profile, which is separate from your personal online profile. To transfer your business UR points to your CSP, you'll have to combine both profiles together. I've heard that you have to merge your personal profile into your business profile to do this. Could you make a how-to video on how to do this? It may be super simple, but I'd really like to see what that process is like since I haven't combined mine yet as I don't have any personal UR point earning cards at this point. Great video! Now get to work on that SUB lol!!
I appreciate you Stan!! I think that's a great idea for a mid-week video. It's definitely been a bit confusing so far. Once I have some points accumulated, I'll make a video explaining this in more detail. If it's super simple, I may mention it in the unboxing, I just need the card to come in 🤣 Thank you for watching and for giving me that idea Stan!
@@SpencerJohnsonOfficial Hey I went through the process recently and it's a bit convoluted but once it starts working it's pretty seamless so if you need any help let me know!
Thanks so much Dannee!! Loving the new avatar btw. It always surprises me but it looks really clean so I like it a lot. Thanks for watching the vid too man!
Congratulations. I guessed that it would be the Ink Cash because in my opinion imo it has the best multipliers out of the ink cards. I'd choose it over any of the other ones
Thank you Sledge! I 100% agree with you. I just wish the cellphone protection on the CIP translated to this card as well. The multipliers on the CIC are hard to beat for many business cards though.
Congrats Spence. Thats a great business card!! Don’t worry about the SL. They’ll increase it after heavy spend. I usually get auto CLIs from chase once every 2 yrs.
Thanks so much Doc! I’ve heard similar things from others as well… I wish it was started off a bit higher so I could easily put all the charges I needed to on it, but I guess I’ll be getting creative! Hopefully they’ll increase it over time as you said. Thanks for watching man!
@@SpencerJohnsonOfficial - i feel you. they gave me $5k on my CIC, so i had to pay it off repeatedly to hit my $7500 spend to get my bonus. It was cool you gotta auto approved. Mine always go to review
Ah yeah that’s annoying. I had a charge I needed to make that was about $3,200 and my CL was $3,000. They don’t let you do partial payments either, so I’m having to get real creative with how I hit this SUB without overspending now. Definitely annoying! But yeah at the end of the day I’m really glad I’m getting approved for these cards no matter what.
That sign-up bonus is a beast... It's funny how drastically different your Amex BBP starting limit was when compared to this one. You got the "CJ treatment" today. 🤣
I'm super happy with the SUB. Speaking with my friend that works at Chase, he said that's actually a pretty good CL with them which is good I guess. I'm just glad I got approved but I wish it was higher of course.
Now that I have the power of Hyatt, I may want this card as well! As the 90k points can equal about $4k!! Ohhh that’s a good point! I didn’t consider getting the sign up bonus for the sole proprietor AND the business. Nice pick Spencer, good value!
You've got the Chase bug a bit eh? 😉 The Bilt card would serve you well too though if you wanna save on rent and such. But yeah you can get this card for each of your businesses, and the same goes for the other Ink cards as well! Idk how far you could push the limit on that, but I wonder if you could have like 10 ink cards or something crazy like that lol. I imagine they limit you credit limit wise but maybe someone's done it 🤷♂️ Thanks for watching Anthony!
@@SpencerJohnsonOfficial 😁 Hyatt is the saving Grace ha. That would be insane! Yes I do wonder, they may limit it somehow but what if I have 20 business and like to keep it secret, I’m may look into that more. That’d be like 2mm UR points = $100k in Hyatt hotels 🤣
Haha that would be pretty insane! I guess if you could hit the $32k required spend that would need to go on those cards, it would be pretty lucrative! 😆
So I just got approved for the chase I HG business card today. It’s my first business card and I’m wondering how do these look in the app? Does it show your card and a ballance next to your personal card? Or is it somewhere else? Thanks.
For the normal Chase Ink cards, you have to link your business and personal accounts to see them in one place. I imagine the same is true for the IHG Biz card. I called them to get mine set up properly.
In August '23 for my second Ink chase asked for several additional pieces of information including proof showing I had a EIN for federal Buisness taxes. They wanted my confirmation letter from the IRS.
That offer is gone so just got the 75k one. Still not bad for a no annual fee card. The spend requirement also is feasible unlike a lot of business cards. I put 1200/mo spend and got approved for 5k. Still pretty low but definitely more usable than 3k.
Thanks Manny!! I'm super happy to have this card. I just want it to come in the mail ASAP lol. I'm gonna likely implement some of the Visa gift card strategies with this one and pray Chase doesn't care about it lol. I'll share my experiences in the future!
I wish it was a bit higher, that's for sure! However, from what I've heard, for newer businesses that don't have an existing relationship with Chase's business side, $3k is a very normal starting limit. Amex gave me $10k on my BBP so I was hoping for similar here. That obviously wasn't the case though unfortunately!
Spencer. I just got this card. Can you direct me how I can add the chase business cards to the mobile app? I was successful in linking the personal accounts to the business account on the computer but I don’t see them in the mobile app. Any suggestions??
Hey Ed! First of all, congrats on the approval! I had to call Chase to link the accounts personally. And on my mobile app, I'm logged into my Chase for Business account to see all the cards in one place. I don't use the personal Chase account login anymore tbh.
Hello Mr Spencer, great video.💎🔥 Btw what bureau did they pull for your CIC card? This video really gaving me courage to apply because I've never applied for a Biz credit card before. At 43 I'm a little late starting my credit card journey but I want to be financially free and show my kids how to not get stuck in the rat race of a 9 to 5.
Thanks so much!! I’ll be sharing more in my unboxing video, but they pulled my Experian only. It could be a regional thing, but as for my personal situation, they pulled Experian. I’m so glad my video was helpful to you and I’m excited that you’re gonna go for it! Just make sure you’re under 5/24 and you’re good to go! I also have handy dandy links in my description for the card if you wanna help support the channel. I admire what you’re doing for your kiddos. It’s so important to reach them financial literacy as soon as you can to set them up for success! Keep doing what you’re doing!
@@SpencerJohnsonOfficial thank you for your reply. I'm at 4/24 with the 4 credit cards I got in 2022. However, I did get a line of credit in August so if they count that I'm at 5/24. I'm going to just do it and see what happens. I'm in Virginia so we'll see if experian is what they pull. If all else fails I will go for the AMEX BBP. I already have the AMEX BCP so my next card application will be a soft pull via experian. Thank you for the encouragement and I'll keep you updated. Btw you have a new subscriber 💪🏾
@@100pluswit5 Lucky for you the 5/24 rule only applies to personal credit cards within the past 24 months so you should be fine there! I wish you the best of luck!! Let me know how the application goes and what lender they pull. Hopefully this video gave you some good insight into how you can fill it out and get approved as well! Thank you so much for the support all around. That means a lot to me!
Mr Spencer, I changed my mind about applying for chase ink cash and decided to apply with AMEX because it will only be a soft pull, since I'm already in their eco system. Was a little nervous, watched your AMEX BBP video and applied for my first biz card, the BBC CARD. BOOM, Approved for 19K! No hard pull and 749 experian.
The BBC is an excellent choice as well! It sounds like you used a strategy that better fit your current situation which is awesome. And congrats on an approval with such a high credit limit! That’s awesome to hear. Let me know how you lol it over time and thank you for keeping me updated!
I don't believe I had my LLC fully formed yet, but if I did, I probably should've gone the LLC route to start building business credit earlier. That's what I've been doing since then at least.
I applied for the Ink Business Unlimited and was approved. I have had the card for about 90 days. I am a sole propriator so I applied with my ssn. Do you know if I can apply and be approved for the Chase Ink Cash for the same business with my ssn? I am under 5/24 rule
Cool! I have a question guys, not sure if I understand the 5/24 rule. So I’m currently 4/24, not applying to any personal cards right now because I’m waiting to apply for a CSP with a high bonus, however in the meantime I was wondering if I can apply for either an Amex BBP or Chase ink Cash and if approved by either bank would that make me stand at a 5/24? Thanks
That's 100% right. No business cards will count towards the 5/24 rule, except for ones from a couple lenders (Discover I think being one of them). So being at 4/24 is a great time to add as many business cards as you want while staying under 5/24!
Great video Spencer! I see both Ink cash and INk Unlimited are offering same 900$ bonus, could one technically apply for both cards if they have an LLC/Corp?
Thank you!! You are 100% correct! And they could definitely use my links if they wanted to to help support the channel too 👀🤣 But in all seriousness, you could do just that with an LLC or even as a sole proprietor. To my understanding, you can get one of each of these cards for every business you own, including as a sole prop (I’d just welcome bonus eligibility if you wanted to get multiple ink cash cards for example though). I haven’t tested their limit on that, but people product change to this card all the time and end up having like 3 Ink Cash cards at a time. They treat each of their cards as separate products even if they’re in the same family, so you can get the SUB on both of them back to back if you wanted! The only cards that doesn’t apply to with them is the Sapphire line since you can only hold one at a time. Hopefully that helps!!
No problem at all! This is what I love to do so it’s no stress by any means. I appreciate you sharing those! That really does help the channel so thank you.
Got denied at the beginning of applications process and then gave a reconsideration line a quick phone call, to dive in what’s going on and turn out that’s a system pick up that my name still shown as a authorized user that’s associated to one of the account. So Id explained that Ive removed myself off that account already. So after being investigated and asked with a few more questions, boom got approvals with 3k of limited but wishes that I could gotten more in credit limits. But at least got my hands on with these card and hopefully will be able to get a credit line of increase soon.😊
That's a really interesting reason to be denied for a card! I haven't heard that happen to someone before, but I guess that makes sense. That reconsideration line is so clutch though... congrats on turning that into an approval man! That's awesome to hear. Now we're in the same boat!! Both hoping for CLIs soon lol 🤣
I'm not super educated on it, but that's also because I don't particularly worry about it at all. At the very least, I wouldn't expect it to be passed until there's a democratic control of the house, but I also see this being a hard thing to push regardless. Of course, it could definitely happen though and it wouldn't be great for our credit card rewards of course, but for the next year or so, I'm not stressed about it.
How long should I wait after I have officially dropped out of the 5/24 rule? Like if I received a card on March 31, 2021 and it is now March 31, 2023. Can I apply the next day on April 1, 2023 or should I wait another month to make sure it comes off my credit report? I’m wanting to also apply for a chase ink but I don’t have a business and was wondering if it it ok to use for personal use to get the points for it. Thanks and love your great content and videos!
Great question! I have read that the safest bet is to wait until the 1st day of the 25th month to be sure you have that card drop off of your 5/24 count. However, it seems some people also get approved right when that 24-month clock is up, so I wouldn't be able to tell you for sure. To answer your second question, what I'll tell you is that a very high percentage of people who apply for business credit cards also put personal spend on those cards to a degree. Personally, I put a good amount of personal spend on my CIC to hit the SUB and saw no repercussions. Everyone has a different risk tolerance, and while this technically isn't allowed, I've never met someone who has had an issue because of it. If you want to see more data points, I would look up a similar question on Google and some Reddit links will probably pop up that show people's experiences with it. Hopefully that helps a bit! And I appreciate the kind words!
Thanks for the quick responses. That does help and I just would love to capitalize on those business cards. I actually have a question connecting the two I just asked. If it is my first business card I am applying for with chase and I am at 4/24, would it go on my personal credit score as I would be using my own social and it is my first one? Also just wanted to make sure that both the ink unlimited and ink cash are redeemable for points that can be transferred to either sapphire cards? Thanks again!
@@MPG2014 Not a problem! Business cards do not report to your personal credit and will not add to your 5/24 count. However, you will still get a hard pull on your personal credit report for the Chase Ink cards specifically. This goes for most business card applications (except for Amex if you already have Amex cards before applying for another one) and that's becuase it is still your personal credit history that they will ultimately use to help approve you, especially without any existing business cards. In my experience, you still put in your SSN for any business application since it all ties back to you at the end of the day. You can always apply however you want (as a sole prop, corporation, etc.) but your SSN is still required. And to answer your second question, yes you can transfer the points from the CIU, CIC, and CIP onto your personal cards. As long as it earns UR points, you can transfer it between other UR point earning cards. The Chase Ink Premier is the one that's not able to be transferred to other cards, but that is not a card I'd recommend in the first place. Let me know if that helps!
Still scared to apply for this, I have sold some odds and ends here and there in the past that everyone says will count for this, but I don’t see how I can spend to get the sign up bonus unless I’m putting rent on it…which seems like it would be flagged?
Really anything counts as a business for these applications. You'll just need to have expected annual revenues and expected monthly expenses for something outside of your normal 9-5 job. I can't tell you what exactly is flagged and what isn't but rent is something that can be put on any credit card including a business one. I personally will be writing off a portion of my rent this year, so if you can put it on this card and that makes sense for your situation, I don't see why it would get flagged. It's a legitimate business expense (at least part of the rent payment) for those that have their "business" from home.
Hey Spencer, do you think it’s alright to put an engagement ring on a business credit card? I just might have a hard time hitting the 6k spend limit organically, but when buying this ring in the next couple months I definitely want to maximize my CC rewards
I’ll try to summarize my thoughts on this as quick as possible. In reality, all these lenders care about is that you use their cards. A lot of places you look will tell you that putting personal charges on business cards is no big deal. There is a very rare case when someone gets called out by it, but that’s generally if they never use the card, ask for a retention offer or something, and trigger some kind of questioning about what you use your card for and such, but I really haven’t found more than like 1 or 2 of those cases in all my research. I’d say 99% of people put personal charges on their business cards, and as long as you don’t write all those charges off, you shouldn’t worry about it. Especially if you’re applying for business cards as a sole prop. No one can tell you which one of your charges is personal or not if you’re applying stating that you are your own business… there’s a lot of grey areas in the business credit card world, and although these cards have hidden sections in the TOS about not using their cards for personal purchases, as long as you use their cards frequently, they’re making money, and they should be happy. Hopefully that helps a bit! Obviously not financial advice and I can’t promise anything, but that’s how I think about it with my cards.
That’s great! I’m excited for you! Congrats on the (soon to be) engagement as well. If you ever need the best public welcome offer and want to support the channel, I got links in my video descriptions! #shamelessplug 🤣
hey Spencer off topic question I been meaning to get a card to use on Amazon purchase. What do you think is better the Amex prime business or the prime chase visa? Or do you have any other cc recommendations that are 5% or better for online purchases like Amazon. Thanks
I'd say it depends on your 5/24 count and whether you want to add to it or not! If you don't, go for the Prime Business with Amex since it won't add to your count. If you don't care and want the personal card instead, add the Prime Visa. You can also look at the Affinity cash rewards card. It gets a lot of great rewards including 5% back at Amazon, but it's with a credit union so you'd have to take that into account. Those are my thoughts on it at first glance!
@@SpencerJohnsonOfficial I been told the Amex card takes an Amex card slot is this true? And as for the 5/24 I don’t care since I personally don’t like chase cards and only have one card with them with no plan to get more unless the Amazon card is better somehow.
Ah yep good point too. I always forget about the 4-6 Amex card rule. Yes it does take one of those slots. If you don’t care about 5/24 then I guess it doesn’t really matter what card you go with. You can also get approved for the Prime Visa with Chase while over 5/24 I hear. I haven’t tested myself, but a lot of people have shared that DP with me.
Just learned that getting a Chase biz card while at 4/24 doesn't put you at 5/24. I am getting Chase Preferred in April so might have to seriously consider a Chase business card in Feb or March. I likely will go for the Biz Unlimited though since it has 12 month 0% APR.
Yessir! That's a great thing about business cards in general. I would definitely consider adding one of the no-annual-fee Ink cards soon if you have the spend for it. I'm not sure these offers will be around much longer. And if you ever need a link, I know a great place for you 🤣 Definitely don't feel pressured to use mine, but it seriously helps the channel out at no cost to you while still giving you the highest public SUB which is pretty great! 2 Chase Ink cards back to back (especially the CIP) requires a lot of spend! What do you do in your business if you don't mind sharing?
@@SpencerJohnsonOfficial yeah the spend is the tough part especially if multiple cards trying to hit spend on at same time and of course the business cards are higher (sometimes out of my reach like the $15k ones). Right now my business activities are basically periodic side hustles...selling some products and also photography/videography. Need to ramp up both a bit this year in addition to full time job. So another perk there is I could get cards under both of those. yeah the current bonuses are awesome. Need Preferred card though to unlock transferring of points and had that card on radar too due to needing card without international fees for June trip to Germany.
@Scott Dietz I imagine so! I definitely can't hit more than one at a time. I have pretty low spend all things considered. That's great to hear you have so many side hustles going on! Having that extra income is key in today's world. And yeah the Preferred giving you the ability to transfer out to partners is huge. I got links for that one too in the description if you're interested. It's one I haven't needed yet since I have the CSP, but it's a great card to have if you don't have the personal version. Plus it comes with cell-phone protection which is cool. Also, you gotta let me know how that trip to Germany goes! That'll be awesome I'm sure.
@@SpencerJohnsonOfficial first international travel and bonus it is a work trip so no cost to me (but definitely some points!). so I already have accounts with Chase and 2 cards...can I still use your links? I might try to hurry up and apply tonight for a card because I have several big spends typically in first week of the month that I want to be able to include. thanks again for all of the great information and videos
Sorry for just now getting back to you! You can 100% still use my links even if you have previous existing accounts. It all works great! And I’m excited for you and your trip man. Keep me updated with it! And best of luck on your apps.
I applied yesterday, DENIED. Called the reconsideration line & got approved for $3k CL. I’m not complaining especially since that’s all I really need lol, Note the representative I had said $3k is pretty common for new businesses that have been around for 1-3 years.
That's great news that the recon line worked for you!! And that's good to know about the CL too. I guess that makes sense since I don't have an existing business account with Chase or anything. Hopefully they'll increase that CL pretty quick though.
Good question but no! It does not report to your personal credit report in this case. It reports to the business credit bureaus, but not your personal. Every business card is somewhat tied to your SSN but that doesn’t mean they report to your personal credit report. Only ones from lenders like Discover and Cap1 do that but I recommend avoiding those for the most part.
@@SpencerJohnsonOfficial so as a sole prop. , is my ssn having a separate business credit report ! ( yes i know the difference between business & oersonal credit bureas but from what i heard , ( business is tied to ein so does that mean i should ve an ein for myself even as a person conducting person( bec if i understand correct it is the number we out wether ein or ssn is what they report to ) i guess , but i don’t know how the rhe 2 are when it come to sole prop. & not an llc
@@andrew-isac Even as a sole prop, you'll have your own business credit profile that is not tied to your personal credit report. You don't have to have an EIN to start getting business credit cards and building your business credit profile.
Even with an llc they double my name on the card. Honestly it is better like that, since sometimes llc do not go as plan and stuck with an old llc name on the card lol.
Oh interesting. I wonder why that is. Usually they should put the LLC name so I wonder why that happened for you. But it is what it is I guess 🤷🏼♂️ There’s always a silver lining
I have 2 separate corporations I originally got approved for the ink unlimited a year or so ago for Corp 1 for 60k then I recently applied for business cash card for Corp 2 got approved but only for 20k and they changed my unlimited card to 40k…..
Yes, it’s good practice to pay every single credit card on time and in full every month. You’ll still pay interest on any balances you don’t pay off on a business card if you’re not in a 0% intro APR period. And if you were defaulting on payments, those cards are still linked to your name so your personal credit score would eventually get hit.
No problem at all! I try to respond as quickly as possible but it doesn’t always work out that way with how life gets sometimes. I’ll get to your comments eventually though, I promise that! Thanks so much for the support!!
So even if you don’t have a business you can get this card? How does it work? Do I need to provide tax returns at the end of the year for said business?
Correct! You just have to fill out the application exactly how I explained in the video! You'd be applying as a sole proprietor which basically means you yourself are the business. And no you would never need to provide returns unless you stated you were making a ton of money from a business and they wanted to confirm. They do request that sometimes if you apply as an LLC, but I think that's much less frequent if you apply as a sole prop. Like I said in the video, just make sure you have a reasonable expectation of revenue and expenses from something outside of your 9-5 and you should fine even if they did request a review of your income or something.
Good question! Chase still does hard pulls on your personal credit for business cards, but the card account won’t show up on your personal credit report once you’re approved.
A couple days ago I received chase online pre-approve,can I apply,but I don’t have business,if I apply have get problems,and can I use personal expenses?
That’s great! You can apply for this card as a sole proprietor as I did. A lot of people use business cards for solely personal expenses and don’t have any problems. If you want to read more testimonials about that, I’d search “personal spend on business credit cards Reddit” on google to find that. Hopefully that helps!
They don’t request tax forms unless you report a seriously high business income for some reason. If you don’t have any income (or not much) outside of your 9-5 job, then I wouldn’t report a high income on your application and you should be fine. It’s up to you though! I’d recommend watching some more business card content if you’re nervous about it.
Yeah they were limited time offers but they were definitely solid. 75k points aren’t bad either, especially since they didn’t raise the spending requirement back up to $7,500, but it still isn’t the same I guess.
@@Beeyouarekayee8 I completely agree! I'm currently going through the same debate in my head with the Amazon Prime Business card. I could wait 3 months and hope they elevate the offer by like a max of $75 or just take a lower offer and use the bonus for something I need right now. Opportunity cost is a big factor, so I think it's always good to take a bonus whenever you need it rather than just waiting for no reason... especially if you can get the bonus again down the line
That’s awesome!! If you wanna follow along with the application using this video and help support the channel, please feel free to use the links down below! It’s a super solid card and the SUB on it right now is pretty insane. Best of luck to you!
Like your style and delivery of content. Made sure to use your link when applying and was approved after given Pending (called reconsideration line and was instantly approved for 4k cl) for context and intel and i only have 1 other chase card (prime card 7.8k cl ) for 1 year plus. Equa/tran Score 784. Business type "Educational". Thanks again and Hope you receive credit according via referral link
Thanks so much John! Both for the kind words and for using my link. It really does help the channel! It's good to hear your data points as well. That'll help a lot of folks out who are hesitant about their application. Congrats on your approval man!
It looks like I only received a hard pull on my Experian. Chase is pretty annoying about giving hard pulls for everything you do with them, but since only one bureau was affected, I'm pretty happy about that.
Yeah I wasn’t thrilled with it but apparently this is pretty normal for your first Ink card with Chase. Multiple people have said they got $3k limits applying as a newer business, so it is what it is. Apparently they’re pretty good about CLIs on this one if you use it a lot! We’ll see about that.
So, 6 months later…have you asked for a CLI or have they given you an automatic one ? interested to know since I’ve had the ink cash for 3 months @SpencerJohnsonOfficial
That little credit limit 😬😬😬….well, if you got a $10k CL with the BBP and I got $2k, I wonder what Chase will give me for a CL with the CIC 😬😬😬😬😬. We’ll see when I apply! Great video as always Spencer 😃
You've done it again CJ! Impressive work my man. And yeah I have a friend that works at Chase and said that my CL is actually pretty good. I wish it was higher for sure though lol. I guess we'll see what yours is!
