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The Ink Business Preferred℠ Credit Card credit card lets you earn valuable Ultimate Rewards points for all your small business spending. Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn. to boost your earning.
And it’s out with a big bonus for new cardholders:
- Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening
There’s a $95 annual fee that’s not waived the first year.
If you already have an Ink card like the Ink Plus or Ink Business Cash℠ Credit Card, you’re eligible to get a fresh bonus if you apply for this card, since Chase considers this card an entirely new, separate card product. And if you have an Ultimate Rewards earning personal card like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, this is a great way to build on points you already have.
What’s the catch?
The annual fee isn’t waived, and you need to have a small business to get this card, though many businesses just starting out like your own personal consulting business don’t have any revenue to talk about yet, so don’t be discouraged if you are a new business.
And you can also have a small business without incorporating or filing paperwork – your own social security number as a sole proprietorship is what many small businesses use when first starting out.
What does the card offer?
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
The 3x points on travel is a big deal, because with Chase travel includes all kinds of things like parking, tolls, and transit tickets, on top of more typical travel categories like airfare and hotels. Gas, though doesn’t count as a travel expense.
What can you do with 80,000 points?
With Chase Ultimate Rewards®, you can choose travel, transferring points to travel partners, or getting cash back anytime.
80,000 points is worth $800 in cash back as statement credit, but that’s not the most you can get out of the bonus.
If you book travel via the Chase website, which lets you pay for travel with points on most airlines, your points are good for up to $1,000 worth of flights, hotels, or car rentals.
But the real fun comes if you decide to transfer points to Chase travel partners like United MileagePlus®, Southwest Rapid Rewards, or Marriott Rewards.
Here are some things you can get with 80,000 points…
Over $1,000 in Southwest flights
When you transfer to Southwest and use your points for Wanna Get Away fares, it’s easy to get over $1,000 in flight value.
3 roundtrip domestic flights on United
Saver award tickets start at 25,000 miles for domestic United flights, and with flights often $400 or more you could save around $1,200 or more in airfare.
A flight in Korean Airlines First Class to Asia
If you transfer 80,000 points to Korean Skypass you can book a one way reward in luxurious First Class on Korean Airline’s A380 jumbo jet to Asia.
3 roundtrips to Hawaii
If you transfer points to Korean Skypass, you can book Delta flights to Hawaii for just 25,000 miles roundtrip, so your bonus is enough for 3, potentially saving you nearly $2,000 in airfare if you’re flexible.
The possibilities are endless, and this is a great time to boost your points to save on your next big trip.