The Chase Ink Business Preferred card continues to be a long time favorite for several small business owners, thanks to its consistent ability to help you rack up Chase Ultimate Rewards points quickly on everyday business spend. At the moment, Chase is offering a limited time welcome bonus offer of 100,000 Chase Ultimate Rewards points on the card. So, let’s have a look at the card, it’s features and review how it fits into your travel credit card strategy.
Chase Ink Business Preferred: 100,000 bonus points offer
Currently, you can earn 100,000 Ultimate Rewards points after signing up for the Ink Business Preferred card and spending $8,000 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 cent per points 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 $1,000. 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 FOR THE 100,000 ULTIMATE REWARDS POINTS OFFER
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.
REDEEMING POINTS WITH THE INK BUSINESS PREFERRED CARD
Here’s where you have a couple of lucrative options. You can redeem Chase Ultimate Rewards points on the Ink card by simply redeeming them for 1 cent a piece at a minimum. You can do so by purchasing travel from Chase’s portal.
If you redeem your entire sign-up bonus of 100,000 points on the Chase portal, you’ll get at least $1,000 worth value 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
- Air Canada Aeroplan
- British Airways Executive Club
- Flying Blue/ Air France KLM
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
Hotel Partners
- 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 will 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
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.
CLICK HERE FOR THE 100,000 ULTIMATE REWARDS POINTS OFFER
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Credit Card Offers
American Express Business Credit Cards
- Earn 200,000 Membership Rewards points with the Business Platinum Card
- Earn 150,000 Membership Rewards and enjoy a 0% intro APR on the Business Gold Card
Chase Sapphire Cards
- Earn 125,000 bonus points with the Chase Sapphire Reserve Card
- Earn 200,000 bonus points with the Chase Sapphire Reserve Card for Business
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