The Chase Ink Business Preferred has a Limited-Time Bonus of 120,000 Ultimate Rewards Points
by Krish Patel
One of Chase’s credit cards in the Ink Business family is offering its highest point bonus. As of July 11, 2024, the Chase Ink Business Preferred Credit Card ($95 annual fee) offers its highest welcome bonus of 120,000 Ultimate Rewards Points after spending $8,000 in the first three months of your card opening. This amount is 40,000 points more than its standard welcome bonus of 80,000 points. In all of the years that the card has been around, now is the best time to apply.
Welcome Offering and Earning Rate
The Chase Ink Business Preferred Card has a solid welcome bonus. In comparison, the Chase Sapphire Reserve has a lower sign-up bonus of 60,000 points.
Chase Ink Business Preferred Card
Cardholders accumulate three points per dollar on the first $150,000 across the following purchases:
● Shipping purchases
● Phone, cable, and internet services
● Travel and advertising purchases with social media and search engines
On all other purchases, you’ll earn one point per dollar with this card.
In order to get this credit card, you’re going to need to have a business, considering that this is a business credit card. For small businesses, spending on the card can earn a ton of points, making it a good choice.
Benefits of the Ink Business Preferred
For businesses, the Ink Business Preferred includes several benefits that can make it valuable, such as cell phone and purchase protection, trip delay reimbursement, and primary car rental coverage, only to name a few. You and eligible employees on the plan can receive up to $600 per claim for damaged and stolen cell phones. You are limited to three claims per year and there is a requirement of $100 in deductibles per claim. The Ink Business Preferred also includes a variety of business tools, such as account insights and bookkeeping integration.
While the credit card offers benefits for business owners, it doesn’t provide many travel benefits or complimentary lounge access. For that, I would recommend looking into the Amex Business Platinum.
Transferring Chase Ultimate Rewards Points
Chase has 14 different hotel and airline travel partners at a 1:1 ratio, such as Air France/KLM Flying Blue and World of Hyatt. Transferring your points offers maximum value if you’re looking to redeem them for travel. Most transfers are done instantly, meaning that you won’t have to wait a certain amount of time to complete your booking.
Conclusion
If you’re a business owner looking to earn points for your business, the Chase Ink Business Preferred is the right credit card for you. Benefits such as zero liability protection and purchase protection make this a useful business card.