CREDIT PROFILE
* Current credit cards you are the primary account holder of:
* Player 1:
* Capital 1 venture x
* Chase sapphire preferred
* Chase Amazon rewards
* Player 2:
* Chase sapphire preferred
* Chase business ink
* Sam’s Club credit card
* FICO scores with source: 800
* Oldest credit card account age: 11
* Cards approved in the past 6 months: 0
* Cards approved in the past 12 months: 0
* Cards approved in the past 24 months: 1
* Annual income $: 250,000
CATEGORIES
* Ok with category-specific cards?: Yes
* Ok with rotating category cards?: Yes
* Estimate average monthly spend in the categories below.
* Dining $: 500
* Groceries $: 1000
* Gas $: 350
* Travel $: 333
* Using abroad?:
* Other categories or stores: Amazon, Sam’s Club,
* Other spend:
* Pay rent by card? No
MEMBERSHIPS & SUBSCRIPTIONS
* Amazon Prime member: Yes
* Costco or Sam's Club member: Sam's Club
* Big bank customer: Chase
* Open to business cards: Yes
PURPOSE
* Purpose of next card: Other
* Cards being considered: Business cards
ADDITIONAL INFO
I’m looking for a solid option for my small business. Unknown annual spend but would estimate around $20k or so max. Part wanting to maximize rewards but also needing to keep business expenses separate. Fly 5-10 times a year so considering a United card since I live near their hub. Not sure if that makes sense or if there is a low or no AF card that makes more sense. Also need to downgrade one of our CSP cards.
Business is consulting so expenses put on this card would be digital expenses like Dropbox sub, domain, travel, occasional business meal. Potentially looking to buy/sell equipment in my field so there would also be those expenses to put on this card.
Credit Profile – Very Small Sole Proprietor Business
byu/Complete-Possession5 inCreditCards
Posted by Complete-Possession5
3 Comments
With that kind of income and spending you’d probably do well with the Chase Ink Business Preferred – solid signup bonus and good categories for your consulting work. The travel and dining multipliers would work nice for your business meals and flights
Since you already got relationship with Chase and considering United, maybe look at the United Business card too but the annual fee might not be worth it if you’re only flying 5-10 times per year
**Chase Ink Business Preferred** ($95 AF)
– 3x travel catch-all
– 3x shipping purchases
– 3x advertising purchases made with social media sites and search engines
– 3x internet
– 3x cable
– 3x phone services
– 5x Lyft (nominally time-limited)
– 1x catch-all
– $150,000 combined spend cap on the 3x rewards rate each account anniversary year. After that, such purchases will earn 1x for the remainder of the account anniversary year.
– DoorDash benefits (time-limited)
– Visa
– No FTF
Thoughts?
I’d keep it simple with one flat rewards business card for most spend and separation, then only add an airline card if you actually fly one enough for perks to matter, and maybe downgrade the duplicate card to a no fee version so the business card does most of the work.