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The Chase Ink Preferred card will have an 80,000 Chase Ultimate Rewards point sign-up bonus after meeting minimum spending requirements. And there will be a 3X bonus category for travel, telecommunications, shipping, and certain advertising.
The card will have a $95 annual fee. But it’s waived if you apply in-branch.
I’ll share more about we know about this card!
New Chase Ink Preferred Small Business Card
Link: Chase Ink Preferred
Link: Miles to Memories
By the end of 2016, Chase will launch a new small business card called the Chase Ink Preferred.
So far, we know you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months of opening your account. And you’ll get:
- 3 Chase Ultimate Rewards points for every $1 you spend on travel, telecommunications, shipping, and advertising on social media and search engines (to a maximum of $150,000 in combined purchases per account anniversary year)
The card will have a $95 annual fee, which is waived for the first year when you apply in-branch.
The sign-up bonus points are worth $800 for cash back or even more when you transfer them to airline and hotel partners for flights and luxury hotel rooms.
Chase hasn’t said how much these points will be worth through the Chase travel portal. But I suspect between $1,000 and $1,200!
This exciting news follows rumors that Chase plans to remove the 5X bonus category from the Chase Ink Plus and Ink cash cards.
And there’s no indication if the new Chase Ink Preferred card will replace the existing Chase Ink small business cards. Or if it will just be a new addition to the Chase lineup.
If you like the new 3X bonus category, you might want to hold off on applying for a new Chase Ink small business card until this offer is available.
Or you could consider the 60,000 point Ink Plus or $300 cash back Ink Cash card offers. Because these cards have a 5X bonus category for purchases at office supply stores and on cellular phone, landline, internet, and cable TV services. And you’ll likely be grandfathered in to earn 5X points, even if Chase eventually changes the bonus category.
Keep in mind, this card will likely be impacted by Chase’s tougher application rules. If you’ve opened ~5 or more credit cards (from any bank) in the past 24 months, (excluding certain business cards) it will be difficult to be approved for most Chase cards.
The card will offer an 80,000 Chase Ultimate Rewards point sign-up bonus and a 3X bonus category for travel, telecommunications, shipping, and certain advertising purchases.
I’ll be sure to let you know more about this exciting new card offer as soon as it’s available!