Chase Ink Business Preferred Card 80,000 Points Bonus

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

With the Ink Business Preferred℠ Credit Card: • 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 Chase Ultimate Rewards® • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open • No foreign transaction fees • Employee cards at no additional cost • $95 Annual Fee Learn More

Earning The 80,000 Ink Business Preferred Bonus Points

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 16 years. To qualify, charge at least $5,000 in purchases within the first 3 months of opening your account.

Here are some ideas on meeting the spending requirement:

Earn 3X Points on Business Spending Categories

The Ink Business Preferred gives you 3X points on the first $150,000 in combined spending in these categories:

• Travel
• Shipping
• Internet, cable and telephone service
• Advertising purchases with social media sites and search engines

All other purchases net 1X point.

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 Cellphone Protection

Out of all the perks the Ink Business Preferred from Chase has to offer, the cellphone protection stands out the most.

If you’re frequently dropping your cellphone or you’re accidentally leaving it behind somewhere, the Ink Business Preferred℠ may suit you. When you charge your monthly cellphone bill to the card, you and eligible employees on the plan receive up to $600 per claim for damage or theft of cellphones.

Though, this doesn’t mean you can be careless with your phone. You’re limited to three claims in a 12-month period and must pay a $100 deductible per claim. Nonetheless, this is an excellent benefit that is rare among credit cards.

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.

With the Chase SapphireSM Checking: • Enjoy 60,000 Chase Ultimate Rewards bonus points when you join SapphireSM Banking. Within 45 days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts, and maintain the balance for at least 90 days. • Enjoy a new kind of banking experience • No ATM fees worldwide - down the street or around the globe • Perks that add up - relationship rates, special access and help when you need it • Open online in minutes • Email my upgrade code • Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV Apply Now at Chase

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.

Learn more about this card and its features here.

Other Credit Cards To Consider

Competitors With Similar Annual Fees:

With the Capital One® Spark® Miles for Business: • Earn 2 miles per $1 on every purchase • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy • $0 intro annual fee for the first year; $95 after that • There's no limit to the amount of miles you can earn • Redeem miles for travel, cash back, gift cards and more • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions Learn More About This Card

With the Capital One® Spark® Cash for Business: • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening • Use Spark Cash across all your business spend, with no categories to limit your purchasing • $0 intro annual fee for the first year; $95 after that • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount • Get employee cards at no additional cost, and earn rewards from their business spend Learn More About This Card

No Annual Fee Alternatives:

With the Chase Ink Business Cash℠ Credit Card: • This card offers a $500 bonus after spending $3,000 within the first 3 months. • 5% cash back on the first $25,000 spent at office supply stores, on internet, cable & phone services for every account anniversary year (combined purchases) • 2% cash back on the first $25,000 spent at gas stations & restaurants for every account anniversary year (combined purchases); 1% on all other purchases with no limit • This card has No Annual Fee Learn More About This Card

With the Chase Ink Business UnlimitedSM Credit Card: • This card offers a $500 bonus after you spend $3,000 in the first 3 months • Enjoy earning an unlimited 1.5% cash back on every purchase you make for your business • This card also comes with No Annual Fee Learn More