I'm Finally Eligible for Chase Cards Again, and Here's the First on My List

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This Chase credit card is an amazing value with a 100,000-point bonus and a sub-$100 annual fee.

This article was updated June 10, 2021

For the first time in three years, I can apply for Chase credit cards without worrying about instant denial.

The reason I would've been shut down before is Chase's 5/24 rule. With Chase credit card applications, you're almost always automatically denied if you've gotten five or more credit cards in the past 24 months. Since I've opened quite a few credit cards, I was well past that limit.

After a year-long sabbatical from credit card applications, I'm now beyond the 5/24 mark. To make the most of this opportunity, I looked at all the Chase cards I could get, and ranked the ones I liked the most. Picking the card I'd get first wasn't difficult -- the Ink Business Preferred® Credit Card was the clear front runner.

Why the Ink Business Preferred® Credit Card topped my list

The biggest selling point of the Ink Business Preferred® Credit Card is its massive sign-up bonus. It offers 100,000 points to new cardholders who spend $8,000 on purchases within three months. While $15,000 is a high spending minimum, I plan to use the card for some large one-time expenses.

With this card, points are worth $0.0125 each when you redeem them for travel through Chase Ultimate Rewards. Based on that, the bonus is worth at least $1,250. It gets even better for Chase Sapphire Reserve® cardholders. That card gets you $0.015 per point on Chase travel redemptions. Since I have the Chase Sapphire Reserve®, I can move those 100,000 bonus points to it. That way, I get at least $1,500 in value.

The Ink Business Preferred® Credit Card also has solid bonus categories, especially considering it only costs $95 per year. It earns 3 points per $1 on up to $150,000 in combined purchases per account year across the following categories:

  • Travel
  • Shipping purchases
  • Internet, cable, and phone services
  • Advertising purchases made with social media sites and search engines

Because of my situation, choosing a Chase card was simple. I already have the Chase Sapphire Reserve®, which crosses that off the list. My goal is to earn as many Chase points as possible, and no card offers more of them than the Ink Business Preferred® Credit Card.

Alert: highest cash back card we've seen now has 0% intro APR until nearly 2025

If you're using the wrong credit or debit card, it could be costing you serious money. Our experts love this top pick, which features a 0% intro APR for 15 months, an insane cash back rate of up to 5%, and all somehow for no annual fee. 

In fact, this card is so good that our experts even use it personally. Click here to read our full review for free and apply in just 2 minutes. 

Read our free review

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