As travel gradually picks up, we’re seeing an arms race amongst credit card issuers in order to grab more share of wallet. Therefore, card issuers are coming up with new limited time offers, like the recent best ever offer on the Chase Sapphire Preferred card. However, one massive 100,000 points offer is still around. The 100k offer on the Ink Business Unlimited card by Chase has surprisingly stuck around for a lot longer than we expected. If you’re eligible, then it presents a great opportunity to rack up 100,000 Ultimate Rewards points.
CHASE INK BUSINESS PREFERRED CARD
Currently, you can earn 100,000 Ultimate Rewards points after signing up for the card. You’ll earn the welcome bonus once you spend $15,000 in the first 3 months after approval. Chase’s Ultimate Rewards points are extremely valuable. You can redeem them at a flat value of 1.25 points per cent or transfer them to Chase’s valuable airline and hotel partners. If you merely redeem them through Chase’s portal, you’ll get a value of at least $1,250. If you use them tactfully, you can get up to 2 cents per point, thereby making the sign-up bonus worth $2,000.
APPLY NOW
EARNING ULTIMATE REWARDS POINTS
I’m a strong proponent of signing-up for and keeping credit cards beyond just attaining the sign-up bonus. The Ink Business Preferred Credit Card by Chase ticks both those boxes. In addition to the 100,000 point sign-bonus, the card has valuable spending categories, helping you rack up thousands of Ultimate Rewards points very quickly.
With the Ink Business Preferred Credit Card by Chase, you’ll earn 3 Ultimate Rewards points per dollar spent in the following categories:
- Travel
- Shipping
- Internet, Cable and Phone services
- Advertising purchases made with social media sites and search engines
When you’re not traveling, it’s easy to rack up points by putting your monthly cable, phone and internet bill on this card. If your monthly bill in this category is around $200, you can earn a total of 7,200 Ultimate Rewards points each year just by putting your monthly bill on this card.
CELL PHONE PROTECTION
In order to make use this benefit, you simply have to pay your monthly cell phone bill with this card. You don’t need to purchase your phone with this card. Merely paying your monthly bill should trigger the benefit. Here are a few points to remember about this benefit:
- You will get up to $600 per claim
- Coverage includes theft or damage to your and your employees’ cell phones when you pay their monthly bill with the card
- You can make a maximum of 3 claims in a 12 month period
- $100 deductible applies for each claim that you make
REDEEMING POINTS
Transfer points to Singapore Airlines or United to fly to Singapore
Here’s where you have a couple of options. You can redeem Chase Ultimate Rewards points on the Ink card by simply redeeming them for 1.25 cents a piece. You can do so by purchasing travel from Chase’s portal. For example, if you buy through Chase’s portal, a $125 airline ticket will cost you 10,000 Ultimate Rewards points.
If you redeem your entire sign-up bonus of 100,000 points on the Chase portal, you’ll get $1,250 in travel.
Even better, you can transfer Chase’s points to their travel partners at a 1:1 ratio. I’ve redeemed my Ultimate Rewards points for some really memorable stays by transferring them to the World of Hyatt program.
Airline Partners
- Aer Lingus AerClub
- British Airways Executive Club
- Flying Blue/ Air France KLM
- Iberia Plus
- JetBlue TrueBlue
- Emirates Skywards
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
Transfer to airline partners to fly to Vietnam
Hotel Partners
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
I transferred Hyatt points to book the all-inclusive Hyatt Ziva Los Cabos
OTHER IMPORTANT BENEFITS
The card offers other valuable benefits like purchase protection, extended warranty protection, car rental insurance, roadside assistance and trip delay/trip cancellation insurance. These ancillary benefits can be extremely valuable.
CHASE 5/24 RULE
Please note that this card is subject to Chase’s 5/24 rule. Chase will not approve you for a card if you’ve been approved for five or more consumer credit cards from any issuer in the last 24 months. However, this is a business credit card. Once you’re approved, it will appear on your business credit report and not take up a 5/24 slot.
ANNUAL FEE
The annual fee for this card is $95. By putting your cable, internet and phone bill monthly and earning 3x, you can easily recoup the entire annual fee given the amount of points you’ll earn.
BUSINESS CREDIT CARDS
You need not have a full fledged business in order to get this card. If you have any consulting gig or run a part time business on the side, you can apply as a sole proprietor. Before you apply, please ensure that you enter all the details truthfully and correctly on your credit card application.
THE PUNDIT’S MANTRA
This bonus has been around for many months and while that’s great, we don’t know an actual end date to this limited time offer, so it could be pulled any time.
If you’re looking to play the miles and points game long term, then the Ink Business Preferred is a fantastic option to carry in your wallet. It offers you earn a hefty sign-up bonus of 100,000 Ultimate Rewards points. I’ve redeemed Chase points for great value by transferring them to Chase’s travel partners. Some of my favorite redemptions include transferring to World of Hyatt and redeeming for their all-inclusive resorts and transferring to Singapore airlines in order to fly business class to India and around Asia.
Similarly, Chase is also offering limited time welcome bonuses on it’s no annual fee Ink cards as well. Currently, you can earn a welcome bonus of 75,000 Ultimate Rewards points or $750 with the Chase Ink Cash and Chase Ink Unlimited credit cards.
APPLY NOW FOR THE 100,000 POINTS OFFER
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