Ultimate Guide To Applying For Multiple Chase Ink Business Cards

Johnny

There is no question that Chase offers the most lucrative sign on bonuses and the best credit cards in the business. In reality, it really is down to between two companies in 2019-2020, American Express and Chase. My favorite card is still the Chase Sapphire Reserve which I use on a day to day basis. However, the Business Chase Ink Preferred offers the most lucrative sign on bonus at 80,000 points after spending $5,000 in 3 months. You can combine that with the two other business credit cards in Chase’s Ink portfolio, the Ink Unlimited and Ink Cash which are both offering a whopping 50,000 points sign on bonus.chase ink busines

What most people do not know is that you can game the system and actually apply for multiple of the same credit card as one person. Yes, this means you can apply for not one, but two Chase Ink Preferred credit cards and get 160,000 Ultimate Rewards points. Only Chase allows you to do this (AMEX does not). This post will lay out exactly how to go about doing this and proof of me doing so! This is all part of my travel hacking and credit cards guide which is lays out everything involving credit cards.

 

What to know about Business Credit Cards


There are a few noticeable differences between personal credit cards and business credit cards. The primary difference is that the business credit card does not go onto your personal credit report. The impact on your credit score will be very minimal even if you have 5 or 10 business cards. This is especially important when applying for Chase credit cards (both personal and business) because of the Chase 5/24 rule. To better understand this rule and why Chase cards are the best credit cards, read my Chase credit cards guide.

There are many other nuances that can span multiple posts, so luckily I’ve written such a post that goes into detail about business credit cards, do you actually need a business, how it affects your credit score and more. If you have not applied for a business credit card before, make sure to read that post before continuing otherwise this may be confusing.

 

What are the Chase Ink Business Credit Cards


Okay so now you’re a pro or at least aware of how business credit cards works. For the purpose of this post, it is to maximize taking advantage of Chase business cards so I am only focusing on the following:

  • Chase Ink Preferred
  • Chase Ink Unlimited
  • Chase Ink Cash
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I will not be talking about their personal cards with include

  • Chase Sapphire Preferred
  • Chase Sapphire Reserve
  • Chase Freedom
  • Chase Freedom Unlimited

What do the Chase Ink cards offer? A LOT of free Ultimate Rewards points. If you’re not familiar with UR points, they are considered the most lucrative points in the game. You can use them to book travel at a discounted rated (1.5 cents per point if you hold the Chase Sapphire Reserve so 80,000 points equates to $1,200 in travel).

qsuites qatar airlines business class

Flying Qsuites on Qatar Airlines, the best Business class product in the sky.

You can transfer them to airlines and book business class travel which is a great ROI. Alternatively, you can transfer them to hotel programs like Hyatt and stay at amazing places like the Park Hyatt Hadahaa in the Maldives.

Maldives overwater sunset villa park hyatt hadahaa drone

Relaxing at our amazing overwater villa in the Park Hyatt maldives thanks to all our Hyatt points.

Here are the details of Chase’s Ink portfolio and their respective sign on bonuses.

 

Chase Ink Preferred

Chase ink preferred

Sign on bonus: 80,000 UR points after spending $5,000 in 3 months
Annual Fee: $95, not waived for the first year
Card Details: 3x per $1 spent on the following categories, 1x on everything else

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

Apply for this card!

 

Chase ink Unlimited

Sign on bonus: 50,000 UR points after spending $3,000 in 3 months
Annual Fee: $0
Card Details: 1.5x per $1 spent on everything

Apply for this card!

 

Chase Ink Cash

ink cash chase

Sign on bonus: 50,000 UR points after spending $3,000 in 3 months
Annual Fee: $0
Card Details: 5x back on office supply stores, and internet/cable/phone services, 2x back on gas stations and restaurants, 1x on everything else

 

How to get two chase Ink Preferred business cards


This is where the meat of the post will be so pay attention to this! For the slightly above average Joe that is into credit card churning, it is simple to apply for all three cards in Chase’s business portfolio and get approved. This means you can have all three Ink credit cards (Ink Preferred, Ink Unlimited, Ink Cash) at the same time which means you’ll have garnered a combined 80,000 + 50,000 + 50,000 = 180,000 UR points! This is a lot of points for anybody.

But what if you want more?

For the pros and the greedy, this is where it gets interesting. By applying for an EIN (Employee Identification number) which is what you’ll need to start a Sole Proprietorship or LLC, you can essentially apply for the same card a second time under a different business name. This means that if you have an EIN, you can apply for the same card again by using your EIN as your Business Tax ID instead of your social security number. Chase sees this as two separate applications, and therefore two credit cards with two sign on bonuses.

Essentially, this means you can apply for two Chase Ink Preferreds for 80,000 x 2 = 160,000 sign on points, or two Chase Ink Unlimited cards for 50,000 x 2 = 100,000 points. Confused? Yes it certainly can be and is why I always use a spreadsheet to track all my cards. Step by step it will look like this:

 

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Apply for the first Ink Preferred using your SSN only

When filling out a business card application, Chase breaks the application down into two sections, one for your “business”, and the other for your personal details. On the business section, Chase will ask for your Tax ID number. The tax ID number is your EIN but you are not required to have one if you are a sole proprietorship, which is essentially doing business as yourself (think of doctors or dentists). You can use your SSN in place of your Tax ID instead. As such, for your business name, you can just put your personal name. For more details about how to fill out these applications, make sure to read my business credit card guide. 

For your personal section, fill this out with your details and your SSN number as you would any other credit card application. Your business and personal sections will look quite similar in this case. This application is what we like to call the SSN application as you are only using your social security number.

I’ve filled out an application online as the following from Chase:

how to fill out chase ink application

How to fill out the chase ink application. You can see the Tax ID number and the SSN number are the same.

 

Apply for the second Ink Preferred using EIN and SSN

After waiting at least two months, you should be safe to apply for your second Chase Ink Preferred card. This time, you are using an actual EIN number (details on how to get one below) instead of your SSN for your business section. Whatever your business name is registered as, make sure to use that in the Business name section. You can still be a “sole proprietorship” even with an EIN so I would continue to select that as your type of business. For your personal section, keep it the same as the first card. This method is called the EIN + SSN method.

The application for the second card will look something like this:

You can see for the second application, the Tax ID and the SSN are different numbers.

By using your EIN on your second application, you are essentially filing a completely new application under a new business. Your personal section is still used to analyze your credit report (so if you cannot get approved for the first Chase Ink Preferred, then you will not get approved for the second) but using your EIN means you are now applying as a separate business.

 

Applying for an EIN


Applying for an EIN is very straight forward. Absolutely anyone can apply for an EIN and you don’t even need a real business. Perhaps you are planning to start a business, or perhaps you just think having an EIN sounds cool. Whatever the reason is, it is very easy and quick to get an EIN number from the Government.

Read Also On Johnny Africa:  Do You Need A Business To Apply For A Business Credit Card?

When you’re ready, just visit the IRS website for EIN applications to apply for your own number. The application is not very complicated (just select sole proprietorship) and you should be able to get an EIN immediately after applying.

 

How long to wait between applications


So now you’re ready to apply for multiple Chase Ink cards which is great. However, you’ll need to space out your applications because Chase has a concrete anti-churning rule called the 2/30 rule. This states that they will not issue more than 2 cards in a 30 day period. This is any two cards. So at the very minimum, wait 30 days between applications.

However, I like to wait at least 1.5 months to be on the safe side. This means if I applied for the Chase Ink Preferred on Jun 20, I would only apply for a second Chase Ink Preferred or a Chase Ink Unlimited from August 1 at the very earliest. I mean you’re getting thousands of dollars for free so don’t try and raise any red flags.

 

Self Referring yourself to the second Ink Preferred


Currently, and this could change at any minute, you can refer a friend to the Chase Ink Preferred and receive a whopping 20,000 UR sign on bonus.

The pros trick is that you can actually refer yourself if you want to apply for the second Ink Preferred card since technically, you’re two entities. This means you can apply for your first Ink Preferred credit card and get the 80,000 points, refer yourself to get 20k and get another 80,000 on your second Ink Preferred.

  • First Ink Preferred Card = 80,000 bonus points
  • Referral bonus for referring yourself to the second card = 20,000 points
  • Second Ink Preferred card = 80,000 bonus points
    _______________________________________________________________
  • Total = 180,000 bonus points, or at minimum $2,700 dollars towards travel!

This is exactly what I did and combined with the sign on bonus with the Ink Unlimited (just one card for now), that’s almost 250,000 UR in sign on points within a few months time!

 

What if I have more than one EIN?


If you already have an EIN through your Sole Proprietorship, you can get a new one through an LLC from the same IRS website. This means yes, you can essentially apply for another Chase Ink Preferred. If you have multiple EINs, technically you can apply for even more of the same cards.

While I’ve not indulged in this, I’ve read cases of people being able to get 4 or 5 Ink Preferreds for one person! This means, assuming they self referred themselves every time, they’re looking at almost a half million UR points!

A study case for another time!

 

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Showing 21 comments
  • Avatar
    Bill
    Reply

    I just got my second card using the EIN and SSN approach. I assume there is no good reason to keep the original card and pay the annual fee so is the recommendation just to cancel the original card when the AF is due?

    • Johnny
      Johnny
      Reply

      Hey Bill, yes definitely no need to keep the other ink preferred. I think from best practices pov, it is advisable to downgrade the card to the no fee Ink Cash isntead of straight up canceling it. You want to have vgood standing with Chase and canceling their cards too quickly may put you in bad standing for future endeavors. This is not a fact per se, but they definitely keep track of everything. Hope that helps!

  • Avatar
    Grant L
    Reply

    Hi Johnny,

    I have a question regarding the Ink business preferred. So I got the first card using a sole proprietorship so I didn’t have a separate EIN and used my SSN. Can I send myself a referral link from the first one and apply on the second application with the same business name and just my SSN or do I need a separate EIN in order to apply again and/or get the referral bonus on the first card.

    Thank you!

    • Johnny
      Johnny
      Reply

      Hey Grant, I would not try self-referring yourself anymore. Chase is on to that now and it will probably be flagged now! This changed recently so wouldn’t try to test it.

  • Avatar
    Gie
    Reply

    HI Johnny,

    great post! will this also work for Southwest biz cards to qualify fo CP?
    also, if your tracking spreadsheet able to be saved on iphone? thanks in advance!

    • Johnny
      Johnny
      Reply

      Hey Gie, it will not work Co branded cards unfortunately (southwest, United, Marriott etc). Only works on chase Bank specific cards (ink preferred, unlimited, cash etc).!

      Also, my spreadsheet will save onto your Google docs so that can be accessed by any device

      • Avatar
        Gie

        thanks! I already applied for the 2nd SW biz card and it says under review :(.. does that mean it will get denied? will it be a red flag if I apply again using my EIN for another CIBP? thanks for your input.

      • Johnny
        Johnny

        I think it would have to be rejected unfortunately! If you do get it approved, Lmk because that would be a huge win ha!

    • Avatar
      Grant
      Reply

      Johnny, can I still apply for another ink preferred on my same SSN and business name as long as I don’t refer myself? If so, could the person who referred me the first time refer me again, and could I refer a different person who I already referred from the first card?

      • Johnny
        Johnny

        Hey Grant, yes you can have the same person refer you it shouldn’t be problem. For the second card you need to use an EIN+SSN combo if you the first card you did was just only a SSN

      • Avatar
        Grant

        Ok makes sense, is that also the case for the ink cash and unlimited? so i can basically have 1 of each of the 3 cards on just SSN and then for the second use EIN and new business name, and if i want a third pick a new business name with the existing EIN? Also, I simply used my name when I applied for the first card. if I get an EIN and use that, what is a good basic business name to use since I have already used just my full name? Thank you for all the help Johnny!

  • Avatar
    Dorothy Claire Glover
    Reply

    I applied for a 2nd CIP using my EIN on Dec. 12th, 2019 and activated the card on June 2nd. I self referred using the CIP I opened in September 2019. However, my referral bonus has not posted to my first CIP. It’s been two statement cycles — the 2nd statement just posted Feb 26th — and 10 weeks. Does this mean I didn’t get the self referral bonus? or is it taking its own sweet time to post?

    • Johnny
      Johnny
      Reply

      Hi Dorothy, do you mean you activated on Jan 2? Referrals should post within 1 statement I think, at least that’s what happened for me. I think the self referral party has left the building unfortunately. I need to update the article.

  • Avatar
    Freddie
    Reply

    Hi Johnny,

    Thanks for the tip. I heard there’s some terminology that your are not eligible for the bonus offer if you’ve opened up a card in the past 24 months. Is this true? I opened up my last chase ink preferred about a year ago and wanted to get a 2nd using EIN.

    Thanks

    • Johnny
      Johnny
      Reply

      Hi Freddie, this is true. However, if you are applying with EIN+SSN on the second one, it’s considered a separate account/card so for bonus reasons, you are good to go.

  • Avatar
    Mateo Delgado
    Reply

    Does this method only work for the Ink Preferred? Not able to get two Ink Cash or Ink Unlimited?

    • Johnny
      Johnny
      Reply

      Hi Mateo, that’s a good question. I believe you can also do the same for all chase ink cards, just not on their cobranded biz cards like the United business or Marriott business cards.

  • Avatar
    Andy V
    Reply

    Hi Johnny,

    Thanks for the post. So I just applied for my first ever Chase Ink Card before reading this post and did get approved for it. My question is since I did use my EIN and my SSN for this first application, If I apply for the same next Chase Ink card using only SSN, do you think I can double dip the bonus like the method you mentioned?

    Thanks,

    • Johnny
      Johnny
      Reply

      Hey Andy, yes that’s exactly how to do it and you’ll be able to double dip thereafter! I’m not sure if you can still self refer though, I’ve read they are cracking down on that!

  • Avatar
    james
    Reply

    Thanks for this tip – I just got my second Ink Business Preferred card!

    I do have a question. My existing Ink card is linked to my Chase login so I can transfer points from my Ink card to my Sapphire Reserve card. Can I also link my second Ink card to the same account and also transfer those points to the Sapphire Reserve?

    • Johnny
      Johnny
      Reply

      Hi James, yes definitely should be possible to link those accoutns. If not, I would just call the customer service line and have them all connected to each other. Hope that helps!

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