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If you're looking to add a business credit card to your wallet, look no further than the Ink Business Preferred® Credit Card. The Ink Preferred is one of the most well-rounded cards on the market and offers a valuable welcome bonus to boot. New applicants can secure 90,000 Ultimate Rewards points after meeting the minimum spending requirements. Based on recent AwardWallet user redemptions, this bonus is worth more than $1,600 toward award travel.
Read on to learn what makes the Ink Preferred‘s bonus so special — and why you should consider applying for this card.
- Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
- 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
- Round-the-clock monitoring for unusual credit card purchases
- 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 Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
- Rates & Fees
- 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
90,000-Point Ink Preferred Sign-up Bonus
The Ink Preferred is offering new applicants 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.. That's a sizable bonus attached to a card with a $95 annual fee.
This 90,000-point offer falls just below the card's long-running 100K Ultimate Rewards points sign-up bonus. But that doesn't mean the Ink Preferred‘s current welcome offer is worth overlooking.
Related: Chase Credit Cards: Best-Ever Offers and When You Should Apply
What is the Ink Preferred 90K welcome offer worth?
If you guessed 90,000 Chase Ultimate Rewards were worth a lot, you'd be right. There are three primary ways you can redeem your stack of points.
- Pay with points through Chase Travel℠. When redeemed this way, your Ultimate Rewards points are worth 1.25 cents apiece. That makes your 90,000-point sign-up bonus worth $1,125.
- Get cash back. If you elect to cash out, your points are worth 1 cent apiece, making 90,000 worth $900 in cash back.
- Transfer points to 14 airline and hotel transfer partners. When maximized through Chase's 14 airline and hotel transfer partners, Chase points are worth an average of 1.95¢ apiece. That makes 90,000 points worth more than $1,600 toward award travel.
Of the three options, the $1,600+ number stands out. It's worth getting familiar with Chase's transfer partners; it's the key to stretching your Ink Preferred sign-up bonus the farthest.
Application restrictions
First things first: You need a small business to open a business card. Luckily, it doesn't take much to qualify. Learn more about qualifying for a business card with your Etsy store, reselling on eBay, or a side hustle with freelance work. There is also no restriction on applying for this card and receiving the sign-up bonus while being a cardholder of other Ink Business cards.
As with all Chase cards, you will not be approved if you've opened five or more personal cards from any bank in the last 24 months. Business cards do not count against this number; however, you must be under 5/24 to get approved for a business card. Learn more about Chase's unwritten 5/24 rule.
Why Should You Get the Ink Preferred?
The Ink Preferred has a valuable welcome offer, excellent earning categories, and a reasonably low $95 annual fee. Those things make the card a long-term keeper.
Ink Preferred earning rates
The Ink Preferred earning categories make it easy to stock up on Chase Ultimate Rewards points. Here's a breakdown of what you'll earn when you swipe your card:
- 3x points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and advertising purchases made with social media sites and search engines each account anniversary year.
- 1 point per $1 on all other purchases — with no limit to the amount you can earn.
Ink Preferred benefits
Cardholders can take advantage of several benefits as an Ink Preferred cardholder. Here's a preview of what you'll enjoy:
- Auto rental collision damage waiver (CDW) — secondary coverage.
- Trip interruption/cancellation insurance.
- Trip delay reimbursement.
- Baggage delay reimbursement.
- Cell phone protection.
- Purchase protection.
- Extended warranty.
- No foreign transaction fees.
To learn more about each individual benefit and more about the card, check out our full Ink Preferred review.
Final Thoughts
Few small-business credit cards are as well-rounded as the Ink Preferred. With its excellent earning rates, valuable ongoing benefits, and a manageable $95 annual fee, it stands out as a top choice for business owners. And it's one of our favorite travel rewards cards. If you're looking for a new business credit card, it should be front of mind.
- Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
- 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
- Round-the-clock monitoring for unusual credit card purchases
- 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 Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
- Rates & Fees
- 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
For rates and fees of the cards mentioned in this post, please visit the following links: Ink Business Preferred® Credit Card (Rates & Fees)
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
This has been 100k often. No real reason to jump on this now.
Do the purchases have to be business related? Are there limitations on how you can spend it? (for instance, can I charge my kid’s college tuition?)
Good question. Some card issuers are peculiar about business cards being used exclusively for business – but Chase isn’t one of them. The smart card issuers are happy to see the extra spending, regardless of the source.
I want to refer my friend for this card, but I’m not seeing the elevated bonus via my referral link. I see 100k offered. Will they update the referral to the best offer soon?
There’s no telling when referrals are going to be updated – if ever. It’s worth checking back over the next few days though. This offer should be around for a while. So you can always send them here to AwardWallet if the referral offer doesn’t end up being elevated 🙂
I received the 100k bonus last year but recently closed this account a few months ago. Would I be eligible for this bonus?
There’s surprisingly nothing in the offer terms to restrict it!
If I’m an authorized user on this card on someone elses account, can I apply for my own and still get the bonus? Do I need to remove myself as an authorized user from the other card?
Hi Vinny, being a cardholder (employee card in this case) on someone else’s account doesn’t impact your ability to qualify for this bonus. It shouldn’t matter that you’re a cardholder, and that won’t show up on your personal credit report. You should be fine. If there’s an issue, it’s easily rectified with a phone call.
When does this offer end?
Chris, as far as we know, this is the “new normal” for the spending requirement, not a temporary offer.
Is this still subject to 5/24 rule? There has been talks about people approved even though they didn’t meet 5/24. Thanks
Tien, as far as we know, it is subject to 5/24. Those getting approved while over 5/24 tend to be exceptions.
Spend $15K in 3 months???!!! Seems like Chase is out of touch with the current realities of spending that kind of money right now.
its a business card, 15k for a business over 3 months is not that much!
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.
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!
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.
Unfortunately, the spend requirement will only get higher.
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 !
Indeed, they should make special accommodation in light the global health crisis.
Will the referral link for the 80k for 5k be going away as well?
We’re not sure. If you know someone who wants the lower spend, I wouldn’t wait if your referral link is still showing 80K for 5K.
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…
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.
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.
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.
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?
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?
We always share the end date as soon as we are made aware of them. The average length of a higher than normal offer in 2019 was 63 days.
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.