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Chase Ink Referrals
Just a quick head’s up that Chase has announced an end to the incredible 40k refer a friend bonuses on the Chase Ink cards which started in October of 2023. It used to be capped at 20k per referral, up to 100k a year, then we were given an incredible increase to 40k per referral with a cap of 200k in a year. The total amount of points you can earn per year will remain at 200k, but the referral per card will drop to 20k after 9/3/24.
Note that you will receive a 1099 on these for a penny a piece, I.e. you’ll get a 1099 saying you got $400 per card. Still…this means that you could refer people to the Chase Ink cards and enjoy a hefty referral bonus. Feel free to leave your referrals in the comment section.
- If you’re unfamiliar with Chase referrals, take a look at our complete guide
Chase Ink Business Preferred®
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- Our Referral Link : Chase Ink Business Preferred®
- How to Populate your own Chase Refer A Friend link
- 40k Ultimate Rewards per referal: 200k max per year
- Offer is 100k after $8k spend in 3 months
Chase Ink Business Unlimited®
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- Our Referral Link: The Chase Ink Business Unlimited®
- How to populate your own Chase Refer A Friend link
- You get $400 or 40k points per referral up to $2000 or 200k
- Offer is $750 or 75k Ultimate Rewards after $6000 spend in 3 months
Chase Ink Business Cash®
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- Our Referral Link: Chase Ink Business Cash®
- How to populate your own Chase Refer A Friend link
- You get $400 or 40k points per referral up to $2000 or 200k
- Offer is $350 or 35k after $3k spend in 3 months
- $400 or 40k Ultimate Rewards after $6000 total spend in 6 months
Do you qualify for a small business credit card?
I have an entire chapter dedicated to this in my book, and an entire article here. But long story short:
If you have a side hustle, earn money from the gig economy, or even now what people are referring to as the creator economy…the odds are strongly in your favor that you qualify for a small business credit card.
So many people earn money that isn’t W2 income, but they haven’t established formal LLCs or S-corps that have EIN ( Employer Identification Number), and they aren’t taking advantage of what that income opens the door to….but they can still apply and get approved for small business credit cards.
If you’re earning income on a 1099, you’re good to go. Some examples of those are…
- Online Coaches, tutors, etc
- Uber and Lyft drivers (assuming they still get 1099s whenever you’re reading this).
- DoorDash, GrubHub and Postmates
- Social Media income ( TikTok, Instagram, YouTube )
- Cater Waiters
- Personal Trainers
- Dog Walkers
- Freelance graphic designers and web designers
- Singers, artists, dancers, models, etc
- Virtual Assistants
- Ebay, Amazon and Facebook resellers
If this applies to you…the odds are very high you qualify for a small business credit card. Read this post for all of the details relating to the application process and how it can improve your credit.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
$300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- $300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- That’s worth $750 when redeemed through Chase Travel℠. Plus, get up to $300 in statement credits on Chase Travel℠ purchases within your first year
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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