“Why the Chase Ink Business Preferred’s 80,000 Point Bonus Is at the Top of My Wish List”

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“Why the Chase Ink Business Preferred’s 80,000 Point Bonus Is at the Top of My Wish List”

Million Mile Secrets“Why the Chase Ink Business Preferred’s 80,000 Point Bonus Is at the Top of My Wish List”Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Just like folks dream of bucket list destinations, many of us in the miles and points hobby have a wish list of cards they hope to get someday.  But because of bank application rules, sometimes you can’t apply for the cards you want right away.

Million Mile Secrets team member Jasmin is impatiently waiting to fall below Chase’s “5/24” rule to become eligible for the card that most tempts her right now.  I’ll let her tell you about it.

Jasmin:   I’ve opened way more than 5 accounts in the past 24 months, so I can’t earn the sign-up bonus on most Chase cardsYet!

Why The Chase Ink Business Preferreds 80000 Point Bonus Is At The Top Of My Wish List
Traveling With 3 Kids Means I Need a LOT of Miles and Points. Big Sign-Up Bonuses Are Key to My Strategy

My top priority when I fall below “5/24” is to apply for the Ink Business Preferred℠ Credit Card.  Because the huge sign-up bonus will be a substantial boost to my Chase Ultimate Rewards points stash.  And I’ll save money on cell phone insurance!

Why the Chase Ink Business Preferred Is Next on My List

Link:   Ink Business Preferred℠ Credit Card

Link:   My Review of the Chase Ink Business Preferred Card

The Chase Ink Business Preferred currently has the highest sign-up bonus of any Chase Ultimate Rewards points earning card.  You’ll earn 80,000 Chase Ultimate Rewards points after spending $5,000 on purchases in the first 3 months of opening your account.  That’s worth $800 in cash back or $1,000 in travel when you book through the Chase Ultimate Rewards travel portal!

You’ll also get:

  • 3X Chase Ultimate Rewards points for every $1 you spend on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year)
  • 1X Chase Ultimate Rewards points on all other purchases
  • Up to $600 in cell phone insurance when you pay your cell phone bill with the card
  • 25% bonus when you redeem points through the Chase Ultimate Rewards travel portal
  • Primary auto rental insurance (CDW) when renting for business purposes, plus purchase and extended warranty protection

The annual fee is $95 (NOT waived for the first year).  But I’ll show you later why paying the annual fee on the Chase Ink Business Preferred is worth it for me.

I really want this card!  Like team member Keith, I’ve been applying for small business cards exclusively for ~1 year because they don’t show up on your personal credit report.  So Chase won’t include them when they consider how many cards you’ve opened in the past 24 months.

I’ll get below “5/24” in May 2018.  It seems like I’ve been waiting forever!  🙁

Why The Chase Ink Business Preferreds 80000 Point Bonus Is At The Top Of My Wish List
Tick, Tock. I’ve Got ~6 Months to Go Before I Fall Under “5/24”

I qualify for small business cards because I do reselling in my spare time.  Even if you’re not making a ton of money, so long as you’re aiming to earn a profit, you could be eligible for a small business card with a side hustle.

Beyond the sign-up bonus, it makes the most sense to apply for a Chase small business card first when I fall below “5/24,” instead of a personal card.  Because Chase small business cards don’t show up on your personal credit report either!

So I’ll still have room for another personal Chase card after I get the Chase Ink Business Preferred.  If I applied in the opposite order (personal card before business card), the personal card would show up on my credit report.  And knock me out of the running for most Chase cards for another spell.

I’ve got big plans for the Chase Ink Business Preferred sign-up bonus.  But those aren’t the only reasons I want the card.

1.   A Huge Boost Towards Big Travel

Like Daraius, Chase Ultimate Rewards are my go-to transferable points.  Most often, I transfer them to Hyatt, because we’ve always received outstanding customer service (and incredible experiences) at Hyatt hotels.  Seriously, ask my kids what their favorite hotel chain is (but don’t mention the DoubleTree cookie because that’ll skew the result).  🙂

I earn a moderate number of Chase Ultimate Rewards points each month with everyday spending on my Chase Sapphire Preferred, Chase Freedom, and Chase Ink Plus (no longer offered) cards.  But there’s always a sting when I transfer points to an airline or hotel partner and see my balance drop significantly.

Recently, I traveled to Paris with my mom and youngest daughter.  And transferred 45,000 Chase Ultimate Rewards points to Hyatt for our 3-night stay at the Hyatt Regency Paris Etoile.  We saved ~$800!

Why The Chase Ink Business Preferreds 80000 Point Bonus Is At The Top Of My Wish List
My 10-Year-Old Couldn’t Stop Pinching Herself to Make Sure It Was Real at the Hyatt Regency Paris Etoile, Thanks to Chase Ultimate Rewards Points

Paris was an incredible trip.  But you know that crummy feeling you get when your bank account balance drops below your comfort level?  I felt the same anxiety looking at the number of points I had left.

I’d already been dipping into my Chase Ultimate Rewards points a LOT this year.  And I like to keep a decent stash of Chase Ultimate Rewards points on hand, in case we plan a last-minute trip, like team member Meghan recently did.  Or need to travel for an emergency.  It’s like a safety net.

So as much as the kids and I will enjoy Big Travel with the Chase Ink Business Preferred sign-up bonus, it’ll also be a psychological pick-me-up.  The bonus will top-up my Chase Ultimate Rewards account to the point where I don’t cringe when I check the balance!

2.   Protection for Cell Phone Klutzes (Like Me)

There was a (rather embarrassing) incident with my iPhone 6s recently.  I broke the cardinal rule of cell phone safety – never leave your phone in your back pocket when you visit the restroom!

My iPhone went for a swim.  Thanks to my cat-like reflexes years of motherhood, I was able to grab the phone with lightning speed out of the toilet (picture that if you will).  And fortunately, all it sustained was screen damage.  Meanwhile, I about had a breakdown thinking of all the vacation photos I hadn’t yet backed up!  Lesson learned.

Why The Chase Ink Business Preferreds 80000 Point Bonus Is At The Top Of My Wish List
Insider Secret: Cell Phones and Toilets Don’t Mix!

All this got me thinking about the cost of cell phone insurance.  When I first got the phone, I signed-up for AT&T Device Protection, which costs ~$9 per month, or $108 per year.  It covers screen repair ($89 deductible) or phone replacement ($225 deductible for my model) due to loss, theft, damage, or malfunction.

With the Chase Ink Business Preferred, I’ll get automatic cell phone insurance up to $600 (with a $100 deductible) when I pay my monthly bill with the card.  It doesn’t matter that I used a different card to buy the phone, so long as it was purchased new.  And it’s easy to file a claim.

The only downside is that Chase’s coverage does NOT include loss, but AT&T’s does.

Saving ~$108 on by skipping AT&T’s cell phone protection more than makes up for the $95 annual fee on the Chase Ink Business Preferred. That’s a great reason for me to keep the card for the long-term!

Yes, I’ll earn fewer Chase Ultimate Rewards points by paying my cell phone bill with the Chase Ink Business Preferred.  It earns 3X Chase Ultimate Rewards points per $1 on phone service, compared to the 5X Chase Ultimate Rewards points per $1 I’m earning now by using my Chase Ink Plus (no longer offered).

Why The Chase Ink Business Preferreds 80000 Point Bonus Is At The Top Of My Wish List
I Won’t Be Using the Chase Ink Plus to Pay My Cell Phone Bill Anymore 🙁

But I’ll more than make up for the shortfall by shifting travel purchases, which earn 3X Chase Ultimate Rewards points per $1, to the Chase Ink Business Preferred.  Because right now I’m only earning 2X Chase Ultimate Rewards points per $1 when I pay for travel with my Chase Sapphire Preferred.  And I spend a LOT more on travel than I do on my mobile plan!

Bottom Line

Million Mile Secrets team member Jasmin can’t wait to fall below Chase’s “5/24” rule next year.  And the first card she’ll get is the Chase Ink Business Preferred!

After meeting minimum spending requirements, the 80,000 Chase Ultimate Rewards point sign-up bonus will be a huge boost to her flexible points balance.  And give her peace of mind if she needs to plan a trip with her family on short notice.

And because the Chase Ink Business Preferred comes with automatic cell phone protection when you pay your bill with the card, she’ll save ~$9 per month when she cancels her AT&T coverage.  So the savings more than make up for the $95 annual fee.

Which card are you patiently waiting to apply for?

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Ink Business Preferred℠ Credit Card

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

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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If you apply for a Chase Ink Business Preferred in a branch it comes with 100000 UR Points…However, there seem to be some unanswered questions re benefits. The card comes with travel interruption insurance, but no one at Chase can tell me the terms and conditions re this benefit. No one can tell me what constitutes “travel” rethe 3 pts for travel. They say it may be restricted to travel purchased thru UL…To find out I’d have to get the card. I maintain that I would never sign a contract without knowing terms and conditions in advance, and Chase is no exception!

I am currently working on the spend requirement for a 100K offer for this card. I received the offer simply by asking for it at my local Chase branch. I don’t even have a business account with them.

That’s a great offer!

If I have the Chase Ink Plus could I still receive the bonus for the Ink Business Perferred?

Yes you can! But keep in mind you likely won’t be approved if you’re over “5/24”.

So, this isn’t a business card that does not count against your 5/24. Guess I’ll be waiting on this one 🙁

Hi Juli,

Chase business cards do NOT count against your 5/24 status. But you do need to be below 5/24 to be approved for this card.