Over the last few years, we’ve seen Chase make a lot of changes to their card portfolio, be it on the business or the personal side. Most recently, Chase launched a business version of their co-branded credit card with Hyatt. However, there’s one card that I’ve carried in my wallet for many years. It continues to remain one of my favorite options to keep earning Ultimate Rewards points on business spend. The Chase Ink Business Preferred card is packed with benefits and it’s currently offering a lucrative welcome bonus of 100,000 Chase 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.
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:
- 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
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.
- 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
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
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 wwill not take up a 5/24 slot.
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
If you’re looking to play the miles and points game long term, then this is a fantastic card. 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.