I’ve written previously about limited time offers and how they’re often structured. Currently, Chase is offering a limited time welcome bonus of 100,000 Ultimate Rewards points on the Ink Business Preferred. If you’re eligible, then it clearly is a fantastic offer for one of the most valuable points currencies around, especially given that Chase seems to have recently made it easier for folks to get approved for their credit cards once again. If you have some upcoming business spend, then this is a great time to go for the 100k bonus on the Ink Business Preferred.
Chase Ink Business Preferred: 100k Bonus
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 it 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.
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Earning 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 seraph 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 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 your 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 Key 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.
Pay Yourself Back
For a limited time, you can also use Chase’s Pay Yourself Back feature to use your points for statement credits in the following categories:
- Shipping
- Select Advertising
- Select Charities
This option is currently available until the end of the year, December 31, 2020.
Chase 5/24
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 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.
Welcome Bonus Restrictions
Chase imposes a restriction on getting the sign-up bonus for this card. You will not be eligible for the sign-up bonus if you currently have the card and have received the bonus in the last 24 months.
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.
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 with the Chase Ink Cash and Chase Ink Unlimited credit cards.
What do you think about the Ink Business Preferred Card? Is it your go-to card for earning Ultimate Rewards points? Let us know in the comments section.
Apply Now for the 100,000 points offer
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Disclosure: Our Advertising partners may pay us a small commission if you click on some of the links in this blog post, at no extra cost to you. The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.
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