Chase Ink Business Preferred Credit Card 80,000 Bonus Points ($1,600 Value)

Bankcheckingsavings has partnered with CreditCards.com for our coverage of credit card products. Bankcheckingsavings and CreditCards.com may receive a commission from card issuers.

The Chase Ink Business Preferred℠ Credit Card is one of the best small business credit cards one could get, thanks to the excellent sign-up bonus, a high rewards rate in common business categories, and a plethora of valuable perks.

If you do a lot of traveling for business or your spending matches the bonus categories, the Ink Business Preferred may be well worth its $95 annual fee.

New applicants can earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through the Chase Ultimate Rewards® portal. Then, earn 3X points in select categories, aimed toward business owners.

You don’t need to have a formal business to apply for this card. In fact, your business is a “sole proprietorship” if you ever sell something on eBay, Craigslist, or do any freelance work. Simply use your name as business ID and Social Security number as tax ID on your application to apply. However, the earning rates and added perks are more appealing toward those with an actual company.

In addition, this card is subject to Chase’s 5/24 rule. If you’ve  opened 5 or more credit cards over the last 24 months, you’ll most likely be denied. So, this card (or another Chase product) should be among the first ones for which you apply.

Lastly, this card is a great option for those who regularly have issues breaking or losing cellphones. The Ink Business Preferred is one of the few cards available with cellphone protection.

If you’re interested for more offers from Chase, check out all the ongoing Checking/Savings account bonuses!

Chase Ink Business Preferred Card Summary

Chase Ink Business PreferredSM Card Learn More About This Card Here

* The Chase Ink Business Preferred Credit Card is issued by Chase. They also offer great sign-up bonuses. You can also compare this card with other credit card bonuses!

Editor’s Alternate Pick

The Capital One® Spark® Miles for Business offers up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels & more as a limited time offer. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. Learn More About This Card

Ink Business Preferred Credit Card
80,000 Bonus Points

Make use of the Ink Business Preferred card’s 80,000 Ultimate Rewards  bonus points offer!

With the Ink Business Preferred card, it’ll be hard to find a higher value introductory offer on any card of any category. It’s enough to pay for a business trip or cover the cost of carrying the card for several years.

Here are some ideas on meeting the spending requirement:

What are Ultimate Rewards Points Worth?

The value of your points depends on how you use them, on average the value of each Ultimate Rewards point at around $0.02.

You can redeem your Ultimate Rewards points for:

• Travel: Premium vacation packages, cruises or fly any class on most major airlines. Points are worth 25% more if you book your travel through Chase Ultimate Rewards.
• Cash back: As a statement credit to apply towards your card balance, or get it directly deposited to most U.S. checking and savings accounts. There are no minimums to redeem as cash back.
• Gift cards: Over 70 gift card options available including Home Depot, iTunes, Amazon and Staples.
• Amazon items: Instantly redeem your points to pay for all or part of your eligible Amazon order, including taxes and shipping.

You can also transfer your points to a variety of travel partners at a 1:1 ratio. Depending on the booking scenario with a transfer partner, the average value of up to two cents per point.

Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners

If you don’t want to transfer your points, you can redeem your rewards by booking flights, hotel stays and rental cars through Chase Ultimate Rewards. All other redemption options are worth $0.01 or less.

Redeem Rewards

The Chase Ultimate Rewards® program is one of the most flexible with many ways to redeem your points. You can make travel purchases from outside travel sites and redeem your points for statement credits against these purchases. By redeeming your points this way, you don’t have to worry about blackout dates and seat restrictions. Points are generally worth 1 cent apiece.

Basic redemption options include cash back, gift cards and merchandise. However, these options won’t be of great value for your Ultimate Rewards® points. It’s best to stick to travel redemptions, since the alternatives tend to be worth less than a penny per point.

You can also redeem your points through Chase’s Ultimate Rewards® portal for a 25% bonus, boosting the value of your points to 1.25 cents per point. In addition, Chase has a network of airline partners and allows you to transfer your points to these partners at a high 1:1 rate. This allows you to find even better values on your points.

Regardless of which partner you choose, the Ultimate Rewards program is powerful through the flexibility it gives. You aren’t locked into a single airline or hotel, and you can wait until you’re ready to book one.

Pool Your Ultimate Rewards Points

You can pool together points from all Chase cards that earn Ultimate Rewards points. This includes points between Business and Personal cards.

Personal cards that earn UR points:

• Chase Sapphire Reserve
• Chase Sapphire Preferred
• Chase Freedom
• Chase Freedom Unlimited

These cards have a higher travel redemption rate through Chase:

• Chase Sapphire Reserve: 1 point = 1.5 cents (e.g. $750 value for 50k points)
• Chase Ink Business Preferred: 1 point = 1.25 cents (e.g. $625 value for 50k points)
• Chase Sapphire Preferred: 1 point = 1.25 cents (e.g. $625 value for 50k points)

Benefits of pooling your Ultimate Rewards points:

• You can transfer points at a 1-to-1 ratio to travel partners for even more value.
• If you combine your UR points and move them to your card with the highest travel redemption rate, all of your points combined will then receive the highest value. For example, 50k UR points with the Chase Sapphire Preferred are worth $625 in travel through Chase. Transfer those points to your Chase Sapphire Reserve and they’ll be worth $750 in travel.
• Transfer your UR points to Chase’s travel partners to potentially receive even more value (up to 2 cents per point per our valuations). This depends on the travel partner and booking details. Try out different booking scenarios to see where your points can get the most value.

Even if you mix business and personal cards, you can use these tips to form a multi-card strategy to maximize rewards.

Chase Ink Business Preferred Point Transfer Program

The Chase Ink Business Preferred is one of the few cards where you can transfer your accumulated points to select loyalty programs to help top off awards bookings at the respective hotel chain or airline. Depending on how you book with a transfer partner, you can get up to an average value of up to 2 cents per point.

Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners:

Ink Business Preferred Credit Card Top Features

Earn More UR Points With Sapphire℠ Checking

Did you know? You can combine Ultimate Rewards points from all Chase products that earn them. The Chase Sapphire℠ Checking account is offering bonus Ultimate Rewards points when you sign up today. Read our Chase Sapphire℠ Checking review.

Conclusion

Reiterating, it seems like Chase is really pushing their fantastic business cards.

However, if these categories don’t match your spending, you may be better off with another card to maximize your earnings. You can find some that may fit your liking in our credit card promotions list.

In addition, if you prefer cash rewards than points, consider another card, such as the Ink Business Cash Credit Card. This card earns 5% cash back on up to $25,000 a year in combined spending at office supply stores and on internet, cable and phone services; 2% back on up to $25,000 a year in combined spending at gas stations and restaurants; and 1% back on everything else.

If you don’t like keeping track of bonus categories, the Capital One® Spark® Cash for Business card gives an unlimited 2% cash back on every purchase.

If you’re looking for more Chase credit card options then check out our Chase credit card promotions master list for more information.

Chase Ink Business PreferredSM Card Learn More About This Card Here

Learn more about this card and its features here.

What’s the Competition?

Competitors With Similar Annual Fees:

The Capital One® Spark® Miles for Business offers up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels & more as a limited time offer. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. Learn More About This Card

The Capital One® Spark® Cash for Business offers up to $2,000 in cash bonuses as a limited time offer. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening. You're able to earn an unlimited 2% cash back could mean thousands of dollars each year going back into your business. Use Spark Cash across all your business spend, with no categories to limit your purchasing. This card does come with a $95 annual fee, however, there is a $0 intro annual fee for the first year. Learn More About This Card

No Annual Fee Alternatives:

The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. You'll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn. This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases. Learn More About This Card

The Ink Business UnlimitedSM Credit Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost. This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases Learn More

Chase Coupon Promo Codes: $200 – $2,000 Bonuses For Checking, Savings, Business Accounts for November 22, 2019

Discover Savings Bonus: $150 or $200 Promotion (November 2019)

Huntington Bank Bonuses: $200, $400, & $750 Checking Promotions for November 21, 2019

Load More