What’s in My Wallet January 2019

We are starting the new year with some pretty big plans! I’m planning on picking up a few credit cards, with the first application set for this month. The only thing that makes me nervous is the type of card I’m looking at. This would be the first time I’m applying for a business card, but we’ll see how it goes!


Because I wasn’t familiar with applying for a business credit card, I figured I would apply in branch. I knew a few basics on what I should expect, but I didn’t realize I would need a open up a separate business account. Once that was done, the application for the Chase Ink Business Preferred could begin! After running through all of the different lines, it was time to see what the computer would decide… and it was not an instant approval! Worrying too, the banker helping me said that it would take 7-10 days for a decision.

If you know anything about Chase and what the wait times signify, you would know that 7-10 day notice is most likely a denial. Disappointed but not out yet, I figured I would call the automated status line the day after. The robot on the other end told me I had gotten approved! Not only that, but a huge limit of $9,000! Not too bad for a first business card I would say. Unfortunately, unlike the Chase Sapphire Reserve, it took almost 2 weeks to get the card, but it was still nice to have.

Cards In My Wallet

  1. Chase Sapphire Reserve
  2. Chase Ink Business Preferred
  3. Amex Blue Cash Preferred
  4. Discover IT NHL
  5. Chase Freedom


  • Groceries: Discover IT NHL (5%)
  • Gas: Chase Freedom (5%)
  • Restaurants: Chase Sapphire Reserve (3x)
  • Travel: Chase Sapphire Reserve (3x)
  • Business Expenses: Chase Ink Business Preferred (1-3x)
  • Everything Else: Chase Sapphire Reserve (1x)

Now that I have the Chase Ink Business Preferred, the real questions becomes what can qualify as a business expense. While some issuers like American Express don’t really care if the purchase is a business expense or not, I feel that Chase does somewhat care. Therefore I don’t want to abuse it by charging everything to it. Only things that qualify. Still, I think I can manage getting the sign up bonus anyway, which requires $5,000 within the first 3 months in order to get 80,000 points. 

Outside of business expenses, with it being the start of Q1 2019, there are a few changes to the strategy. First is grocery spending on the Discover IT NHL and Gas on the Chase Freedom; both of these will reward 5%. Next is restaurants and any purchase that will constitute as travel, is thrown on the Chase Sapphire Reserve for that sweet 3x. Finally, every other purchase I’m just going to throw on the Sapphire Reserve. The way I look at it, Chase points are worth 2 cents per point. So I’m getting the same value as if I were using the Citi Double Cash. The main difference is that I’m getting a ton of protections as well with the Reserve.

Next Card

With the Ink Preferred out of the way, I’ve been thinking that I need to get into the hotel credit card space. I really like the value that the World of Hyatt card offers. Sure, I will be missing out on some points in the difference between 1x and 1.5x if I were to jump on the Freedom Unlimited. However, the anniversary night plus the other benefits and reward points it offers can be really valuable. I’m looking to apply sometime in April. I’m not too worried about the application or requirements, I think it should go well. My only concern would be that I’ve applied for 2 Chase cards back to back, but hopefully that’s ok. 

Final Thoughts

Well, I’m pretty excited that I got approved for the Ink Business Preferred. If I’m honest, I didn’t think I would get such a high credit limit. With no business history, I was expecting half of the limit. Still, the limit will definitely help me pay for my business expenses. 

As as the other cards, I’m moving my Sapphire Reserve to the forefront of my setup too. If I value these points right, it would be the same as the Citi Double Cash, but I get more protections from the Sapphire Reserve. That, and I’m continuing to use the 5% cards when it makes sense to get that sweet bonus. 

What is your favorite business card, and how do you use it? Let us know down in the comment section below!

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