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The Chase Ink Preferred card is a new business credit card replacing the Chase Ink Plus card. With this card, you’ll earn 80,000 Chase Ultimate Reward points after you spend $5,000 on the card within the first 3 months. This is a great bonus offer, especially since I put a high value on Ultimate Reward points. This card currently comes with a $95 annual fee, although some are reporting that the fee is waived for the first year if you apply in branch.
While I am not able to link directly to the sign up page, if you go to my “Credit Cards Offers” page and click the “Business Credit Card” link, you’ll be able to learn more about the offer. Thank you in advance for supporting the blog!
80,000 Point Bonus!
At mentioned above, you’ll earn 80,000 bonus points after you complete the minimum spend requirement. The points earned with the card are worth 1.25 cents each when booked through the Chase Ultimate Rewards travel portal. That means the 80,000 point sign up bonus is worth a MINIMUM of $1,000 towards travel. Or, if you have the Chase Sapphire Reserve, you can transfer your points to that account and your points are then worth a minimum of 1.5 cents each! These points can also be transferred to loyalty partners where you could potentially receive a higher value based on how you redeem your points. Some popular transfer partners include Hyatt, Marriott, United, British Airways, Korean Air, etc. If you value your Hyatt points at 2 cents per point, for example, then the 80,000 points earned are worth $1,600!
3x Points Per Dollar Spent
With this card, you’ll earn 3x points (up to $150,000 spent) on the following:
- Shipping purchases
- Internet, cable, and phone services
- Advertising purchases made with social media sites and search engines
While the Chase Ink Plus gave more points on internet, cable, and phone services, earning 3x points on travel is huge. While there are some other cards that give you more in the travel category, they do not come with the same trip insurance options that this card (and many other Chase cards) carry, such as trip delay reimbursement, baggage delay reimbursement, trip cancellation reimbursement, etc. I’ll write more about those perks in a separate blog post.
You’ll then earn 1x point on all other purchases.
Already Have the Chase Ink Plus?
If you already have the Chase Ink Plus, that card will not go away! You can still have that card in your possession and earn all the point bonuses that come along with it. You are, however, still eligible to apply for the Chase Ink Preferred card and earn the sign up bonus on the card, since they are two totally different cards. You are also eligible for this card/sign up bonus even if you have any of the other Chase Ultimate Reward products, such as Chase Sapphire, Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Cash, Chase Ink Bold, Chase Freedom, and Chase Freedom Unlimited.
Things to Know
Unfortunately, this card WILL fall within Chase’s “5/24” rule. The “5/24” rule means if you’ve applied for 5 or more cards (personal cards from ANY bank) in the past 24 months you’ll automatically be denied for a Chase card. The 5 cards are from any bank and include being an authorized user. If you have less than 5 primary cards and authorized user cards take you over the 5 threshold, you can usually call the reconsideration line and ask for them to reconsider your
- You can learn more about all Business credit cards here.
Disclosure: This post contains affiliate links. While I am not able to link directly to the sign up page, if you go to my “Credit Cards” page and click the “Business Credit Card” link, you’ll be able to learn more about the offer. Thank you in advance for supporting the blog!