Chase CC Rewards Strategy

[cbr shadow]

My wife and I recently both applied for the Chase Reserve card for the 100k point sign up bonus after spending $4,000 in the first 3 months. Our next payment will put us over that $4000 limit on each card, so we'll get the points.

I'm hoping to open another Chase credit card to use it for the sign up bonus, since I can combine the rewards to Chase Ultimate Rewards and have everything in one place. It looks likes the Chase Freedom card has a 50k point sign up bonus, and the Chase Ink Business Preferred card has a 80k sign on bonus if you spend $5,000 in the first 3 months. Two questions:

1) Can an individual (not a business) sign up for a business credit card? In the distant past I was able to do this without issue. Still the case?
2) I believe this Ink Business Preferred is the best Chase card for us to sign up for.  True? I'd sign up first and get the 80k bonus after we spent $5,000 in 3 months, then have my wife do the same.

-CBR

[bacchi]

1) Well... You need to have a business, even if it's a side hustle or a new business. If you don't have an ETIN, the card will be on your personal credit report and count towards 5/24. Don't lie about your business income, either.

2) Yes.

[Lentils4Lunch]

replying to follow...

[cbr shadow]

1) Well... You need to have a business, even if it's a side hustle or a new business. If you don't have an ETIN, the card will be on your personal credit report and count towards 5/24. Don't lie about your business income, either.

2) Yes.

Thanks for the response.  I don't have a business.  Since I don't have an ETIN can I still apply for this card?  I dont mind that it goes towards my 5/24 since I only have 1 other Chase card (and a mortgage) through Chase.

If I'm understanding correctly you're saying I can still sign up for a Chase Business card without a business (and ETIN) but this will count towards my 5/24.

[JLee]

The Sapphire Preferred has a 50k bonus.  The Freedom Unlimited is currently offering a $150 cash bonus.

[farmbochur]

The Sapphire Preferred has a 50k bonus.  The Freedom Unlimited is currently offering a $150 cash bonus.

$150 cash bonus actually comes in the form of 15k ultimate rewards (which can be worth $225 for travel if you have sapphire reserve).

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[charis]

1) Well... You need to have a business, even if it's a side hustle or a new business. If you don't have an ETIN, the card will be on your personal credit report and count towards 5/24. Don't lie about your business income, either.

2) Yes.

Thanks for the response.  I don't have a business.  Since I don't have an ETIN can I still apply for this card?  I dont mind that it goes towards my 5/24 since I only have 1 other Chase card (and a mortgage) through Chase.

If I'm understanding correctly you're saying I can still sign up for a Chase Business card without a business (and ETIN) but this will count towards my 5/24.

I think that poster is saying that you have to have business regardless, but not having a ETIN will count against your 5.  The application will ask whether you have a business, so unless you plan on lying on the application, you'll need a business. 

However, I'm wondering about lying about your business income issue. I agree that you should not be lying on any part of the application, but how would the CC company verify your business income, if you, say, sell stuff on craigslist?

[bacchi]

1) Well... You need to have a business, even if it's a side hustle or a new business. If you don't have an ETIN, the card will be on your personal credit report and count towards 5/24. Don't lie about your business income, either.

2) Yes.

Thanks for the response.  I don't have a business.  Since I don't have an ETIN can I still apply for this card?  I dont mind that it goes towards my 5/24 since I only have 1 other Chase card (and a mortgage) through Chase.

If I'm understanding correctly you're saying I can still sign up for a Chase Business card without a business (and ETIN) but this will count towards my 5/24.

You can apply for a Chase business card with only an SS# if you have a business.

You can also apply for a Chase business card with only an SS# if you do not have a business. That is, you're lying on the application about your business income. Do this at your own risk.

[JLee]

The Sapphire Preferred has a 50k bonus.  The Freedom Unlimited is currently offering a $150 cash bonus.

$150 cash bonus actually comes in the form of 15k ultimate rewards (which can be worth $225 for travel if you have sapphire reserve).

Sent from my XT1575 using Tapatalk

Fair enough - regardless, it's not the 50k points claimed in the OP.  I think the cards are confused there.

[cbr shadow]

The Sapphire Preferred has a 50k bonus.  The Freedom Unlimited is currently offering a $150 cash bonus.

$150 cash bonus actually comes in the form of 15k ultimate rewards (which can be worth $225 for travel if you have sapphire reserve).

Sent from my XT1575 using Tapatalk

Fair enough - regardless, it's not the 50k points claimed in the OP.  I think the cards are confused there.

You're correct, my mistake.  I meant to say the Chase Sapphire Reserve card.