100,000 points bonus : Chase Ink Business Preferred review

Chase is currently offering a welcome bonus of 100,000 Ultimate Rewards points on the Ink Business Preferred card. If you’re eligible, then it clearly is a fantastic offer for one of the most valuable points currencies around.

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.

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Earning points with the Ink Business Preferred Card

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 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

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.

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.

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