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With the Ink Business Preferred, you can earn 80,000 Chase Ultimate Rewards points (worth $1,000+ in travel) after you spend $5,000 on purchases in the first 3 months after opening your account.
This is the highest public welcome bonus we’ve seen for a Chase small business card, and the highest current bonus of any Chase Ultimate Rewards earning card!
We’ll share all the perks of this card. And help you decide if you should apply for the Ink Business Preferred.
The Chase Ink Business Preferred Is Worth $1,000+ in Travel
Apply Here: Chase Ink Business Preferred
- 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 card has a $95 annual fee, which is NOT waived the first year.
What Can You Do With 80,000 Chase Ultimate Rewards Points?
We love Chase Ultimate Rewards points because they’re flexible and offer terrific redemption options.
For example, you can redeem 80,000 Chase Ultimate Rewards points from the Ink Business Preferred for $1,000 in travel booked through the Chase Travel Portal, because each point is worth 1.25 cents when you book this way.
This is a great way to plan a trip without thinking about blackout dates!
But you can get even more for your points by transferring to Chase’s terrific airline and hotel partners.
And if you already have other Chase Ultimate Rewards cards, you can combine your points to get even more value!
For example, you can get:
- $1,000+ worth of Southwest flights (or nearly double if you have the Southwest Companion Pass)
- 4 free nights at a Category 5 Hyatt hotel like the Andaz Napa
- 3 one-way United Airlines Business Class flights from New York to Los Angeles
- 1 free night at a top category Ritz-Carlton hotel like The Ritz-Carlton, New York Central Park
- Round-trip coach award flight to Europe with Flying Blue Promo Rewards
Should You Complete the Ink Business Preferred Application?
Before you apply for the Ink Business Preferred card, you’ll want to consider these 4 points.
1. Small Business Requirement
You’ll need to have a small business to get the Ink Business Preferred card.
But 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 driving for Uber or selling real estate.
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.
Just be sure to tell the truth about your income and business when you fill out the application!
2. Valuable Welcome Bonus
And the intro bonus can be worth even more when you transfer your Chase Ultimate Rewards points to airline and hotel transfer partners.
Even with the $95 annual fee, the card is still an excellent choice. Because the rewards you’ll earn with the welcome bonus, broad 3X spending bonus category, and valuable perks can more than offset the annual fee!
3. No 5X Bonus Spending Category
The Ink Business Preferred replaced the (no longer available) Chase Ink Plus, which had a 5X bonus category.
However, the no-annual-fee Ink Business Cash℠ Credit Card offers 5% cash back (5X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at office supply stores and on phone, internet, and cable TV services each account anniversary year.
If you think you’ll spend more in the 5X bonus category, you might earn more rewards with the Ink Business Cash.
4. Tougher Chase Application Rules
So if you’ve opened 5+ cards from any bank (except certain business cards) in the past 24 months, it’s unlikely you’ll be approved for this card.
If you’re not sure how long you’ve had certain cards, here’s how you can check to see how many cards you’ve opened. And even if you have other Chase Ink cards, you can still apply for this new card because it’s considered a different card product!
If you can’t get approved for this new card because of the tougher rules, you can still consider other Chase travel cards, which are not impacted.
Or consider small business cards from other banks, like The Business Platinum® Card from American Express OPEN, which currently offers up to 75,000 AMEX Membership Rewards points after meeting tiered minimum spending requirements.
The Chase Ink Business Preferred card has the highest welcome bonus we’ve seen on a Chase small business credit card!
With the Ink Business Preferred, you can earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months of opening your account.
If you qualify as a small business, this is an outstanding card. Because the welcome bonus is worth $1,000 when you redeem points through the Chase Travel Portal. And it can be worth even more when you transfer points to Chase airline and hotel transfer partners.
But before you apply for the card, consider Chase’s stricter application rules.
Is the Ink Business Preferred on your wish list?