Earn Big Cash Back! The 80,000 Chase Ultimate Rewards Point Bonus From the Ink Business Preferred Is Worth $800

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Earn Big Cash Back!  The 80,000 Chase Ultimate Rewards Point Bonus From the Ink Business Preferred Is Worth $800

Andrew REarn Big Cash Back!  The 80,000 Chase Ultimate Rewards Point Bonus From the Ink Business Preferred Is Worth $800Million 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.

Here at Million Mile Secrets, we’re all about getting Big Travel with miles and points earned from the best travel credit cards But even if you’re interested in cold, hard cash, you can earn a huge bonus from the Chase Ink Business Preferred Card.

The Ink Business Preferred is our favorite for small business owners, because its welcome bonus of  80,000 Chase Ultimate Rewards points after meeting minimum spending requirements is the highest of any Chase Ultimate Rewards card.  The bonus is worth $1,000 in paid flights, hotels, car rentals, and activities booked through the Chase Ultimate Rewards travel portal.

That said, if travel isn’t your thing, you can still cash out the bonus and earn a hefty $800 in cash back.  With just one card, you can make a real impact to your small business’ bottom line.

You can apply for the Ink Business Preferred here.

With the Chase Ink Business Preferred, You Can Turn Your Everyday Expenses Into Cold Hard Cash Back for Your Business!

I’ll show you why the Ink Business Preferred is an excellent pick for small business owners who prefer cash back!

The Chase Ink Business Preferred’s Welcome Bonus Is Worth $800 in Cash Back

Apply Here:   Ink Business Preferred Credit Card

Read our review of the Chase Ink Business Preferred

With the Chase Ink Business Preferred card, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.  When you redeem your points for cash back, they’re worth 1 cent a piece, so the bonus is worth $800 in cash back!

You can reinvest all the cash back you earn back into their business, in the form of advertising, promotions, holiday spending for employees and work parties.  It will also help take sting out of buying supplies, materials, and paying bills with bonus categories catered just for your business.

You’ll also earn 3X Chase Ultimate Rewards points per $1 (worth 3% in cash back) when you make purchases in the below categories (up to a maximum of $150,000 in combined purchases per account anniversary year, then 1X point per $1):

  • Travel (including airfare, hotel stays, train rides, Uber, Uber Eats, etc.)
  • Shipping expenses
  • Internet, cable and phone services
  • Advertising purchases made with social media sites and search engines

And you’ll earn 1X Chase Ultimate Rewards points per $1 (worth 1% in cash back) on all other purchases.

You can really start to rack up the cash back with the Ink Business Preferred because these bonus categories are common expenses for small businesses.  If you spent the maximum per year in the 3X categories, you’d earn $4,500 in cash back ($150,000 in spending X 3%).  That doesn’t even include the 1% cash back you’d make on any other purchases like supplies and other bills.

Even if your business spends $20,000 in these categories last year, that’s $600 in straight cash you can use for promotional activities, employee recognition perks, etc.  If your business spent $100,000, that’s $3,000 cash back!  The rewards really start to add up as your business grows.

And while there a handful of other business cards, like the Capital One® Spark® Cash for Business, with a higher limited-time welcome bonus, you’ll have to spend a LOT more to meet the full minimum spending requirement.  Here’s our review of the Capital One Spark Cash.

How Do You Know If You’re Eligible for the Ink Business Preferred Card?

Even if you don’t have a full-time business, you might already be eligible to apply for the Ink Business Preferred.  That’s because there are a ton of for-profit activities you may already be doing that qualify you to open a business credit card as a sole proprietor using your social security number.

Find Out Which Is The Best Business Credit Card
Use Your Social Security Number to Apply for the Ink Business Preferred If You’re a Sole Proprietor

Business credit cards are great for small business owners, especially sole proprietors, because it helps separate your business spending from personal spending, making it easier to find write-offs and deductions when it comes time to filing taxes.

How to Squeeze Even More Value Out of Your Chase Ultimate Rewards Points

Even though this article is focused around earning cash back for your business, I would be remiss if I didn’t mention how you can get even more value from your Chase Ultimate Rewards points by redeeming them for travel through the Chase Ultimate Rewards Travel Portal or transferring points to Chase’s airline and hotel partners like Hyatt and United Airlines.

Because points from the Ink Business Preferred are worth 1.25 cents each when you redeem them through the Chase Travel Portal, this is a great way to turn your 80,000 Chase Ultimate Rewards into $1,000 in travel. 

And you can get potentially much more value by transferring your Chase Ultimate Rewards points to airline or hotel partners.  For example, I was able to book a $1,200 non-stop flight on United Airlines to Honolulu by transferring only 45,000 Chase Ultimate Rewards points to United Airlines at a 1:1 ratio.

Use Chase Ultimate Rewards Points Earned With Your Ink Business Preferred to Fly to Croatia for Free!

And you can do even better when you transfer points to travel partners for expense Business or First Class flights and fancy hotel stays.

Bottom Line

The Chase Ink Business Preferred Card is a great tool for small business owners who want to earn cash back for their business expenses.  It comes with 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.  That’s worth $800 in cash back!

And you’ll earn 3X Chase Ultimate Rewards points per $1 (worth 3% cash back) on purchases in certain categories including travel, shipping charges, internet, cable, and phone services, as well as advertising on social media and search engines, up to a maximum of $150,000 in combined purchases per account anniversary year, then 1X point per $1 (1% cash back) .  You also earn 1X point per $1 (1% cash back) on every other purchase you make!

If you do want to use your rewards on travel, the Ink Business Preferred lets you do so by redeeming points for travel through the Chase Travel Portal, or by transferring your points to Chase’s airline and hotel partners like British Airways and Marriott.

Small business owners can really the sting out of paying the bills for your small business by using the Ink Business Preferred!

You can apply for the Ink Business Preferred here.

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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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It seems like every two days your website posts an article on the chase ink business. I understand that this is a good card and that this is more than likely driven by the fact you get great referral bonuses but as a frequent reader who is over 5/24, I would like to see more reviews from different cards. Even people who don’t visit the site daily can see multiple articles about the same thing within a few minutes of scrolling through the lastest posts. Just a suggestion

2 business cards already from Chase. This is tempting though…

Hi Mike – I have 4 Chase small business cards, including all 3 Chase Ink cards. I wrote about it here: https://millionmilesecrets.com/news/apply-for-multiple-chase-ink-business-cards/