Earn 100K Ultimate Rewards with the Chase Ink Preferred

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Chase is running one of the highest public offers we’ve seen on the Ink Business Preferred® Credit Card, boosting the signup bonus to 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. We consider the Ink Preferred one of the best business cards to hold long-term thanks to lucrative bonus categories, a modest annual fee, and high-value benefits including cell phone insurance and primary car rental coverage.

Ink Business Preferred® Credit Card
Ink Business Preferred® Credit Card
Annual Fee$95
Welcome Offer Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
The most valuable Ultimate Rewards signup bonus on offer and our top pick for small business rewards cards. Business owners earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. Plus, earn up to 450,000 points per year on a wide range of 3X bonus categories.
  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed 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 Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • $95 Annual Fee
  • 3X 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
  • 1X point per $1 on all other purchases

In this post, we’re going to highlight the value of the 100,000 point signup bonus and list some of the best redemption options to help you evaluate the offer. We cover the card benefits in greater detail in our comprehensive review of the Ink Business Preferred® Credit Card.

Ink Preferred Signup Bonus – 100,000 Bonus Points!

The current welcome offer on the Ink Preferred is 100,000 Ultimate Rewards points after you spend $15,000 on purchases in the first 3 months from account opening. This is not a tiered offer; you’ll need to complete the entire minimum spend to receive the 100,000 bonus points.

If you can hit the minimum spending requirement, this card delivers more value than just about any other business card on the market. Chase makes it effortless to get a guaranteed return from Ultimate Rewards—even if you know nothing about points and miles. The Chase Travel Portal is powered by Expedia, so redeeming points can be as easy as booking a flight, hotel, or rental car with an online travel agency. Here's how the current bonus breaks down if you use this no-hassle approach to booking:

Minimum Value: $1,437.50 — If the Ink Preferred is the only Ultimate Rewards card you hold, the 1.25¢ per point redemption value via the Chase Travel Portal guarantees you a return of $1,437.50 from the 115,000 points you take home after meeting the minimum spend.

Enhanced Value: $1,725.00 — If you also hold the Chase Sapphire Reserve®, your Ultimate Rewards points are worth 1.50¢ per point, meaning 115,000 points could be redeemed for $1,725 worth of travel on the Chase Portal.

For more details, check out this post: The Chase Ultimate Rewards Travel Portal

Get More Value with Transfer Partners

While there’s nothing wrong with taking advantage of the Chase Travel Portal, your Ink Preferred welcome bonus can deliver far more savings if you transfer your points to one of the Ultimate Rewards partners. Here are three examples where you'll spend fewer points for more expensive travel by transferring points.

For details on the full lineup of partners, check out this post: The Complete Guide to Ultimate Rewards Transfer Partners

1. Park Hyatt Tokyo for 30k Points per Night

Transferring Ultimate Rewards points to World of Hyatt is a great way to leverage your points for a luxury experience you would otherwise be unlikely to pay for. Rooms at the Park Hyatt Tokyo often go for north of $700 a night, returning a huge value for your points. You can also find outsized value at the bottom end of Hyatt’s award chart, with category 1 properties that cost just 5,000 points charging more than $100 per night.

Park Hyatt Tokyo Cash Booking

2. Fly Delta One Business-Class to Europe for 50K Virgin Atlantic Miles

Transfer your Ultimate Rewards points to Virgin Atlantic and fly Delta One business-class suites to Europe for 50K miles each way. While Virgin recently devalued most of its Delta awards, flying from the U.S. to Europe is one of a handful of sweet spots that Virgin didn't destroy in its latest update.Fly Delta US to Europe for 50K Virgin Miles

3. Fly United Polaris to Europe for 60K MileagePlus Miles

One of the primary benefits of redeeming United miles for business-class flights is you pay minimal fees. Although United’s award pricing is higher than some of its competitors, you keep more cash in your pocket. Ultimate Rewards transfer to United MileagePlus at 1:1, so the 115K points earned after meeting the minimum spend on the Ink Preferred leaves you just 5K miles short of round-trip business-class flights to Europe.

United MileagePlus San Fransico Frankfurt

Other Key Benefits

Outside of the signup bonus, there are plenty of reasons to add this card to your wallet:

  • Top return on business expenses – Chase has anchored the Ink Preferred firmly in the 21st century, selecting relevant 3X bonus categories on up to $150K in combined purchases each year. That’s 450,000 Ultimate Rewards points if you max out the spending cap. Bonus categories include travel; shipping purchases; Internet, cable, and phone services; and advertising purchases with social media sites and search engines.
  • Pool points from no annual fee cards – Chase issues four no annual fee cards that earn Ultimate Rewards points. You can combine points earned on these cards with points earned on the Ink Preferred, and transfer to partners or redeem for a higher fixed-value via the Chase Travel Portal.

Chase Application Rules

Chase cards are subject to 5/24. If you’ve opened 5 or more new personal cards in the previous 24 months, you will not get approved for this card. From an application strategy perspective, the Ink Preferred offers the highest-value signup bonus of any Ultimate Rewards earning card, but as a business card, it won’t count towards your 5/24 status. Leaving open the option of applying for other Chase cards.

Our Take

The Ink Preferred was already our top small-business card recommendation, thanks to its modest $95 annual fee, excellent earning rates on common business purchases, and solid purchase and travel insurance. (Full card review). With the current 100,000 point bonus, this card is a clear winner for anyone who can meet the spending requirements.

Earning a lot of points is great, but the redemption options are what really make the Ink Preferred stand out. If you’re just getting started with points and miles, this card makes it easy to redeem points at a fixed value. If you have more experience or are willing to learn the basics, you can do much better than the minimum value by transferring to one of the Ultimate Rewards partners.

While the current offer is great news for most, the higher spending target may put this bonus out of reach for smaller companies. Not a fan of annual fees? Check out the Ink Business Unlimited® Credit Card or the Ink Business Cash® Credit Card.

Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card
Annual Fee$0
Welcome Bonus Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
The best business card to earn Ultimate Rewards on non-bonus purchases, you receive a $750 cash back bonus after you spend $7,500 on purchases in the first 3 months from account opening. Earn 1.5% back on all business expenses.
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • 0% introductory APR for 12 months on purchases
  • Earn unlimited 1.5% cash back on every purchase made for your business

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  • Spend $15K in 3 months???!!! Seems like Chase is out of touch with the current realities of spending that kind of money right now.

  • Wow, that’s the best Ink card offer I have seen! Thanks for the info!

  • I’d wait for better offers after covid-19 cools down

  • 100K is great but spend requirement is high.

  • Very nice sign up incentive, however the categories to earn 3 points are limited in my opinion, Many other business cards offer 1.5 or 2 points for all purchases. Would be much more attractive if they included additional categories for 3 points such as dinning.

  • It would be good to know the validity of this offer, 15K is too much money for spending in three months, probably this offer will be extended

  • Spend is a bit too high especially at this time.

  • Apathorn Karnasuta says:

    This is an amazing offer. But under the situation right now it will be difficult to spend $15k. I have a small business and $15K spend requirement is too steep!

  • I agree with some of the earlier comments that the minimum spend could be a little high. I’ll also agree that it would seem when this health crisis is over, there could be some good offers out there!

  • Harvey Kwan says:

    One of the best cards out there. I use it for all my business expenses.

  • 100k is amazing but I can’t meet that spend. 🙁

  • That $15k spend requirement is seriously high. I really liked the Ink card in the past though.

  • What are they chances they roll something similar out to the regular consumer cards to try and drive business to the airlines?

  • Nice sign up bonus…but the $15K spending requirement is too steep IMHO.
    Not a good return.

  • Do you know how long this offer will be available ? Because now we cant travel for a couple of months due to coronavirus…
    Regards !

  • Will the referral link for the 80k for 5k be going away as well?

  • I can see they are trying to keep up business. Since they came out with the new United card and now this bonus. Good deals still. I would think that banks wouldn’t have to worry too much since people will probably be buying online? But maybe not as much as before. I know that I’m getting lots of online deals in my inbox. Makes me curious to see what will be coming out later.

  • The 3x categories having a ceiling of $150K in combined purchases each year (or 450,000 UR points) is a huge draw in my opinion. I have the Ink Cash and its cap is significantly lower. I wonder if I can upgrade if I’m well over 5/24. Then again, it’s probably worth waiting for a time when I can get a signup bonus. Hmmm…

  • Jeffrey Krasner says:

    That is amazing! Wish I could spend $15k organically. Not sure how to do it in this environment right now. Scary.

  • These enhanced offers will always make existing cardholders kick themselves.

  • This would be a tough time to count of $15k spend, when a good bit of my spend is typically from air/hotel …

  • Pretty large, but standard, minimal spend. For that offer, it’s probably worth it.

  • ron_vaughn@hotmail.com says:

    that’s a BIG $ spend requirement. Ouch.

  • Is it ok to apply for this for a new small business if I already have one for another business? Received my first one June 2018. Also have Ink Cash, October 2018, and Ink Unlimited, March 2019. Also have CSR and Hyatt, both in 2018. Am 1/24 with credit score around 830.

  • Wes Carroll says:

    This site used to — and maybe still does? — have articles on how to properly apply for these cards. A walkthrough of sorts. Could you please link to that resource?

    The last time I filled out an application for something like this, I learned only later that I had misunderstood one of the questions on the application, and that certain reasonable-seeming answers usually cause applications to be denied.)

    • Thank you for sharing your experience! Can you tell us which question was that? I will be more careful with my own application from now on.

    • Brandon M Gentry says:

      Award Wallet can’t offer that sort of guidance because of the banking relationships, but in general, you may want to check Flyertalk or Reddit r/churning for tips.

  • How long should someone hold out for a even bigger bonus in the near future?

  • Laura Ricci says:

    Do you know when this offer expires? I am unable to travel for awhile due to Covid-19, and could stretch to cover the $15k/3 months once travel restrictions start to ease.

    • I just reviewed the offer’s details and terms, and there’s no mention of an exact expiration date. I suspect they usually don’t share that info, unfortunately.

      Although, perhaps the AW folks would know the average length of such an offer?

  • Wow. 100k UR is a great offer. Have we seen an offer this big for an UR-earning card since the launch of the CSR? In any event, $15k spend hurdle will be a little prohibitive for some, but with a little though and planning, should still be doable for many folks.

  • Pretty beefy minimum spend. Given the current travel situation, I think I’ll wait for the more lucrative offers that will surely be coming soon.