Doctor of Credit (H/T) reported this morning that the Chase Ink Business Preferred has a 100,000-point offer! This is one of the biggest public sign-up bonuses I have seen from a Chase card that earns Ultimate Rewards (UR) points! Plus, this is not a targeted offer unlike the 160,000-point Ink Business Preferred offer from 2019.
You will earn 100,000 UR points if you spend $15,000 within the first three months. This is a fantastic offer, especially for entrepreneurs who want to pad their UR points balance. However, $15,000 is a lot of money for some businesses. That minimum spend amount rivals some targeted offers for the American Express Business Platinum Card.
This offer and the Ink Business Preferred count towards the Chase 5/24 Rule. Therefore, you should take this offer if you are under 5/24 and truly want a new Chase card and can afford the minimum spend. Currently, 100,000 UR points is the most you will find.
Overview of the Chase Ink Business Preferred
The Chase Ink Business Preferred is one of my favorite business credit cards, even though it has a $95 annual fee (NOT waived the first year). It comes with a great sign-up bonus, perks, and transfer partners. Plus, it’s a generous earner which earns 3x UR points within the following categories:
- Cable & TV Services
- General Travel
- Internet Services
- Phone Services
- Shipping
- Social Media & Search Engine Advertising Purchases
There is a limit of $150,000 per year across all categories. That means you can earn up to 450,000 UR points per year if you spend within the categories. Plus, it earns one point per dollar for non-bonus spend.
Furthermore, the Ink Business Preferred comes with some of the best travel insurances in the industry. These include Trip Delay, Baggage Delay, and Primary Car Rental Insurance. It also comes with cell phone insurance and no foreign transaction fees. One traveling incident could justify the card’s $95 annual fee.
Analysis
Chase is probably offering this huge bonus for two reasons: to both promote the Ink Business Preferred and to compete with American Express. Fortunately, the Ink Business Preferred has a more modest annual fee than the Business Platinum Card. But it has much fewer benefits.
I would take this offer if you can afford the minimum spend. Chase does not regularly offer at least 100,000 points on any of their cards. You will receive a plethora of UR points if your business can spend $15,000 in three months. But even if your business does not have that much in expenses, 80,000 UR points for $5,000 is still amazing! That is the normal sign-up bonus for this card and it’s also Chase’s largest among UR point-earning cards.
Final Draw
This is one of the highest public offers I have seen from Chase. And I am surprised to see it under current travel conditions. Fortunately, UR points do not expire, which means you can use them for future travel. Nonetheless, the Chase Ink Business Preferred is a winner for businesses that have big expenses within its 3x categories.
