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Chase Ink Business Preferred Card: Earn Up to 100,000 Bonus Points

Chase Ink Business Preferred Card: Earn Up to 100,000 Bonus Points

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This article was last updated Mar 17, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Business owners take note: Chase boosted the sign-up bonus for the Ink Business Preferred℠ Credit Card. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s worth $1,250 when redeemed for travel through Chase Ultimate Rewards®.

Previously, the card offered 80,000 bonus points after spending $5,000 in the first three months.

The Ink Business Preferred℠ Credit Card charges a $95 annual fee; however, the value you can get from the card’s sign-up bonus and rewards rate can more than cover that amount each year.

We broke down the Ink Business Preferred℠ Credit Card’s current offer, including how you can use the sign-up bonus, ways to earn bonus points and whether you qualify for the current credit card sign-up bonus.

Are you eligible for the Ink Business Preferred℠ Credit Card sign-up bonus?

If you are a current Ink Business Preferred℠ Credit Card holder, or if you have received a new cardmember bonus for the card in the past 24 months, you may not eligible to receive the card’s current sign-up bonus.

Also, keep in mind that the Chase 5/24 rule could prevent you from being approved for a new Chase card, including the Ink Business Preferred℠ Credit Card, if you have opened five personal credit cards (from any issuer) within the past 24 months. That said, Chase business credit cards do not count towards the five-card limit when applying for a new Chase credit card.

How can you use the Ink Business Preferred℠ Credit Card’s sign-up bonus?

Chase Ultimate Rewards points can be redeemed a variety of ways, including cash, gift cards, travel and merchandise. While points are typically worth 1 cent each, the value can vary. For example, when you redeem points for travel through Chase Ultimate Rewards, you will get 25% more value with your points.

See the redemption options and point values below.

Cash. You can redeem points for cash back via an account statement credit or an electronic deposit into an eligible checking or savings account held by a bank located in the U.S. When you redeem Ultimate Rewards points for cash, they are worth 1 cent each — making the sign-up bonus worth $1,000.

Gift cards. Points are also worth 1 cent each when redeemed for gift cards, which are available for more than 150 participating merchants.

Travel. You get the most value from the Ink Business Preferred℠ Credit Card’s sign-up bonus when you redeem points for travel through Chase Ultimate Rewards. Points are worth 1.25 cents each when redeemed for airfare, hotel stays, car rentals, activities or cruises through the portal — boosting the value of the sign-up bonus to $1,250.

Additional options. You can use Ultimate Rewards points to shop for merchandise at Amazon.com at a rate of .8 cents per point, bringing the value of the sign-up bonus to $800. Or, shop for Apple products through the Apple Ultimate Rewards store.

Other ways to earn Ink Business Preferred℠ Credit Card rewards

In addition to the generous sign-up bonus, Ink Business Preferred℠ Credit Card holders can earn bonus points the following ways:

Rewards rate. 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.

Plus, from Aug. 1 through Oct. 31, 2020, existing cardholders automatically earn 5 total points per dollar on shipping and advertising purchases made on social media and search engines on up to $10,000 spent in combined purchases.

The travel category includes a broad range of purchases, including airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, taxis, toll bridges, parking lots and more.

The shipping category includes merchants that specialize in mailing packages, hauling freight and transporting goods or documents, such as couriers, postal and freight shipping companies, express shipping services and mailbox stores.

The internet, cable and phone services category covers internet, cable, satellite television and radio, cellular, wireless data and landline services purchases.

Social media and search engine advertising encompasses social media websites (such as Facebook and Twitter) and search engines (such as Google AdWords and Microsoft Bing Ads) that advertise a business, brand, products or services.

Referral bonus. With the Ink Business Preferred℠ Credit Card, you can earn up to 100,000 bonus points annually when you invite business owners to carry the card, and they are approved. Cardholders earn 20,000 bonus points each time a business they refer gets approved — up to five referrals per year.

Employee cards. The Ink Business Preferred℠ Credit Card lets you can add employee cards at no additional cost, and you will earn points when those authorized users make purchases using their card.

Can you transfer Ink Business Preferred℠ Credit Card points?

Yes. Along with redeeming points for travel, gift cards and more, Chase allows you to transfer points at a very valuable rate of 1:1 to several airline and hotel partners.

The travel transfer partners are as follows:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue Air France KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Is the Ink Business Preferred℠ Credit Card right for you?

If you’re a business owner who wants to earn a large influx of rewards to use toward future travel, the Ink Business Preferred℠ Credit Card is a great option. In addition to the increased sign-up offer, cardholders earn an elevated rewards rate in popular business spending categories, such as shipping, phone services and advertising.

The information related to the Ink Business Preferred℠ Credit Card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


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