The value you get from miles & points can be very different depending on how you use them!
The Chase Ink Business Preferred℠ Credit Card comes with an 80,000 point sign-up bonus after you spend $5,000 on purchases in the first 3 months after opening your account. Those points are worth at least $1,000 when you redeem them through the Chase Ultimate Rewards Travel Portal.
But they can be worth much, much more when you transfer them to valuable partners like United Airlines, Southwest, and Hyatt!
I’ll show you how you can use the Ink Business Preferred sign-up bonus to effortlessly travel for free. And how to even get super luxurious travel by putting in a little work!
How Do You Use the Ink Business Preferred Sign-Up Bonus?
Link: Ink Business Preferred
Chase Ultimate Rewards points are my favorite kind of points. That’s because they are:
- Flexible and easy to use
- Easy to earn
- Have great transfer partners
They’re good for both beginners and veterans in the miles & points hobby. That’s because you can use them like money to book airfare, hotels, and more with NO blackout dates through the Chase Ultimate Rewards Travel Portal. Or you can transfer them to different travel partners to take advantage of airline award zones, hotel award charts, etc.
Miles & points can be as easy or as complicated as you make them! You don’t have to spend hours researching how to get the best uses for your miles and points. But the more you research, the more value you’ll be able to squeeze from each point.
Note: This is a small business card, so you’ll need to have a small business to get it. And you might qualify for a small business card without realizing it!
If you earn income for performing a service, or selling goods, you could have a small business. This can include side jobs like selling items on eBay, driving for Lyft, or tutoring.
You do NOT need an EIN (Employer Identification Number) to apply for a small business credit card. You can apply with just your Social Security Number as a sole proprietor.
Get $1,000 in Travel Through the Chase Ultimate Rewards Travel Portal
When you redeem your points through the Chase Ultimate Rewards Travel Portal, they’re worth a flat 1.25 cents each (unless you also have the Chase Sapphire Reserve, which makes your points worth 1.5 cents each). This means the 80,000 point Ink Business Preferred sign-up bonus is worth $1,000 when you use your points through the Chase Ultimate Rewards Travel Portal (80,000 points X 1.25 cents each).
You can book nearly all flights, hotels, car rentals, and cruises through the Chase Ultimate Rewards Travel Portal. And it’s super easy!
Here’s how to spend your 80,000 Chase Ultimate Rewards points on a flight without worrying about blackout dates, award charts, or any of that complicated stuff!
Step 1. Navigate to the Chase Ultimate Rewards Travel Portal
Head to the Chase Ultimate Rewards Travel Portal and click on the “Explore & Book Travel” button under the “Use Points” tab.
Step 2. Enter Your Travel Details
Type your origin, destination, dates, and any other information concerning your trip. Then click “Search“.
Step 3. Choose Your Flight
You will then be brought to a page of flight search results. You can see how much money the flight costs, and also the amount of points you’ll need to book the flight for free.
So you can book a round-trip coach flight from Portland to Lima in mid-December for ~$984, or 78,688 Chase Ultimate Rewards points. Just select the flight and head to checkout! You won’t have to spend a single dime for the flight.
Get Thousands of Dollars in Luxury Travel by Transferring to Partners
While booking through the Chase Ultimate Rewards Travel Portal takes much less effort than keeping track of award zones, hotel categories, and award availability, you can get MUCH more from the Ink Business Preferred 80,000 point sign-up bonus if you do a little research.
When you transfer your points to Chase airline and hotel partners, you can get thousands of dollars in luxury flights and hotels.
The hotel costs 20,000 points, or ~$800, per night. So 80,000 Chase Ultimate Rewards points could be worth $3,200 if you used your points to stay at the Park Hyatt Mallorca (80,000 points / 20,000 points per night = 4 X $800 per night).
For example, you can transfer Chase Ultimate Rewards points to United Airlines and book a one-way Business Class flight from Austin to Malta for 57,500 United Airlines miles. But if you bought the same ticket, it would cost $3,000+!
Because the Ink Business Preferred has an 80,000 point sign-up bonus, you can book this flight and still have 22,500 points left (80,000 point sign-up bonus – 57,500 points transferred to United Airlines for the Business Class flight)!
You can also transfer your points to other airlines, like Korean Air. For example, you can transfer 45,000 Chase Ultimate Rewards points to Korean Air for a round-trip Business Class flight from mainland US to Hawaii.
A round-trip Business Class flight to Hawaii can easily cost $2,000+. But after you meet the minimum spending requirement for the Ink Business Preferred, you’ll have 85,000 Chase Ultimate Rewards points. That’s almost enough for 2 round-trip Business Class flights to Hawaii, worth $4,000+ in travel!
Note: The Ink Business Preferred is affected by Chase’s strict approval rules. So if you’ve opened 5+ cards in the past 24 months (with the exception of certain small business cards), you will NOT be approved for this card.
You can use those points to easily book $1,000 in travel through the Chase Ultimate Rewards Travel Portal with NO blackout dates. Or you can do a bit of research and receive thousands of dollars in travel by transferring them to travel partners!