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Chase has launched 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.
- 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 new 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 new 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.
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. This is one of a handful of sweet spots we cover in our guide to redeeming Virgin Atlantic Flying Club miles for maximum value.
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.
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.
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 new 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 newest offer is great news for most, the higher spending target may put this bonus out of reach for smaller companies. If $15,000 over three months is outside your normal spending patterns, consider one of the excellent no-annual fee Ultimate Rewards business cards like the Ink Business Unlimited℠ Credit Card or the Ink Business Cash℠ Credit Card.
- Earn unlimited 1.5% cash back on every purchase made for your business
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