It has been over two or more years since I have been able to open a Chase card because of the 5/24 rule. I could never get under 5 cards. This weekend I finally got under 5 cards. So I ended up opening the Chase Ink Business Preferred card because of the 80,000 point sign-up bonus after spending $5,000 in the first 3 months. 80,000 Chase points are worth around $1,600 in airline miles when transferring them to an airline. I currently have 205,000 chase points. After my $5,000 in spending, I will be at 290,000 points which is worth almost 2 round trip business class seats to Asia.
Currently I have three Chase cards. The Chase Freedom, Chase Sapphire Preferred and the Chase Ink Cash Business. The Chase Ink Cash Business is a better card to me because it gets you 5% back (Transfer that to a Chase point card like the Chase Sapphire Preferred and it is 5X points) on first $25,000 spend on Cell phone/Internet/Cable. Plus it doesn’t have an annual fee. The Business Preferred only gets 3X points and has a $95 annual fee. I only wanted this card for the Bonus. The only thing that is better with this card is that if you buy a cell phone with it, they will insure the cell phone for $600. I will end up closing this card when the annual fee posts again in a year.