Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage Advertiser Disclosure

Ink Business Preferred® Credit Card: Earn 100k Bonus Points After You Spend $8k in the First 3 Months Expired

+90 Deal Score
344,198 Views
Chase is offering 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening with the Ink Business Preferred® Credit Card. The annual fee is $95.

Thanks to Staff Member EfficientGame645 for finding this deal.

Card Details:

Original Post

Written by
Edited July 12, 2024 at 02:51 PM by
Chase is offering 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening with the Ink Business Preferred® Credit Card. The annual fee is $95.

Card Details:
Earn 100k bonus points after you spend $8,000 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 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

Slickdeals may be compensated by Chase.
Created 06-29-2023 at 03:49 PM by EfficientGame645
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal
Score
+90
344,198 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

449 Comments

Your comment cannot be blank.

Featured Comments

To people who can't spend the 8k. I normally pay my property taxes they charge 2% fee but this card gives back 1% so you pay 1% on 8k spent. Ie pay 80 dollars to get 1k bonus.
Also you can make estimated payments on your federal tax I believe it's 1.87% fee then reduce your withholdings to pay less to account for estimated payment. Otherwise get it back next year as refund etc..
Ever sell something on ebay? At a garage sale? Look, you have a business!

Ever have an IDEA for a business but haven't done anything with it yet? Look, you have a business!

Apply as a sole proprietorship, the business name is the same as your name, the EIN is your SSN.





You can do considerably better than 3 cents a point with most business and first class airline transfers (a booking to Japan earlier this year in business was about 7.4 cents a point for me for example though this is toward the high end)

Also I'd double check your "normally" results- 3 cents is high for typical Hyatt use, 2-2.5 is more typical.


Mind you- Hyatt is still worth doing compared to the portal or PYB or taking it as cash-- and even usually beats coach airfare values--- but typically is inferior to biz/first plane tickets via transfers.







How much are you spending that you're earning 3 million UR every year?
Unless you have a slick deal on a time machine, that's not a useful data point.

This is actually a much LOWER spend that it has been for most of the last couple years- normally it's been 15k for this card.

https://www.doctorofcredit.com/ch...quirement/

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2012
L3: Novice
> bubble2 101 Posts
29 Reputation
Nolimit167
07-15-2023 at 06:43 PM.
07-15-2023 at 06:43 PM.
Quote from EfficientAlpaca847 :
I thought property tax was due in December and April.

And where do you live that property taxes are only 8k? Anyone buying around here nowadays is paying 30k and our salt deduction is capped which is bogus.
ooops; 8k per installment! San Francisco Bay Area.
Reply
Joined Jun 2020
L2: Beginner
> bubble2 79 Posts
18 Reputation
FaithfulCatfish6258
07-15-2023 at 08:21 PM.
07-15-2023 at 08:21 PM.
Any idea how long chase offers like these least? a month?
Reply
Joined May 2019
L5: Journeyman
> bubble2 851 Posts
71 Reputation
RajA3
07-16-2023 at 05:12 AM.
07-16-2023 at 05:12 AM.
Quote from EfficientAlpaca847 :
I thought property tax was due in December and April.

And where do you live that property taxes are only 8k? Anyone buying around here nowadays is paying 30k and our salt deduction is capped which is bogus.

That's a lot for property taxes! I pay $1600 for property taxes annually for a 2200 sqft house.
5
Reply
Joined Aug 2014
L3: Novice
> bubble2 115 Posts
70 Reputation
Dschmale
07-16-2023 at 11:05 AM.
07-16-2023 at 11:05 AM.
Is there a scenario where Chase determines a purchase is NOT a business expense and does not apply that sum to the reward threshold? I have a small business on the side (very small) and considered using this to purchase windows for our home to quickly satisfy the bonus requirement. I mean, my office is in that home!

PS. I ask because the agreement states explicitly that the card is not to be used for personal or household expenses.
Reply
Joined Dec 2010
Custom Title
> bubble2 182 Posts
120 Reputation
contactcr
07-16-2023 at 11:19 AM.
07-16-2023 at 11:19 AM.
Quote from Dschmale :
Is there a scenario where Chase determines a purchase is NOT a business expense and does not apply that sum to the reward threshold? I have a small business on the side (very small) and considered using this to purchase windows for our home to quickly satisfy the bonus requirement. I mean, my office is in that home!

PS. I ask because the agreement states explicitly that the card is not to be used for personal or household expenses.
It will be no problem. Keep the card open the full year and dont buy $10k in gift cards and you will be fine. They dont care about what type of spending is on the card.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
4,338 Reputation
Knightshade
07-16-2023 at 12:25 PM.
07-16-2023 at 12:25 PM.
Quote from Dschmale :
Is there a scenario where Chase determines a purchase is NOT a business expense
No.

They could not care less what you buy (outside of illegal things or massive manufactured spend on prepaid VISA cards)




Quote from Dschmale :
PS. I ask because the agreement states explicitly that the card is not to be used for personal or household expenses.

It says that because business cards don't have the same consumer protections personal ones do (specifically many consumer protections included in the Credit Card Act of 2009 don't apply to business credit cards) and they don't want you complaining to them later about it.
Reply
Joined Dec 2005
L5: Journeyman
> bubble2 602 Posts
64 Reputation
isdex1
07-16-2023 at 12:40 PM.
07-16-2023 at 12:40 PM.
Quote from contactcr :
It will be no problem. Keep the card open the full year and dont buy $10k in gift cards and you will be fine. They dont care about what type of spending is on the card.
Would paying 1040ES via one of the IRS approved processor count toward the min 8K spending?
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
4,338 Reputation
Knightshade
07-16-2023 at 02:13 PM.
07-16-2023 at 02:13 PM.
Quote from isdex1 :
Would paying 1040ES via one of the IRS approved processor count toward the min 8K spending?

Of course- again Chase does not care what you spend your money on.
Reply
Joined Jan 2017
L2: Beginner
> bubble2 676 Posts
105 Reputation
greyster
07-16-2023 at 04:22 PM.
07-16-2023 at 04:22 PM.
How long does card take to arrive? Do they do a virtual number?
Reply
Joined Dec 2008
Schmuck
> bubble2 213 Posts
73 Reputation
EdgarVerona
07-17-2023 at 12:58 PM.
07-17-2023 at 12:58 PM.
Quote from Knightshade :
Ever sell something on ebay? At a garage sale? Look, you have a business!

Ever have an IDEA for a business but haven't done anything with it yet? Look, you have a business!

Apply as a sole proprietorship, the business name is the same as your name, the EIN is your SSN.
I've always been scared that, if I do a deal like this, they'll investigate and find out that my business is just some bullshit side project that will never be a real business.

Or on the other side, doing a deal like this with a side project that I *want* to be a real business - that I've even started up an LLC for the sake of turning it into a business - could cause my personal assets to be considered "comingled" with a real side business that I'm doing, and make me liable if my side business gets sued for some reason.

I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?
1
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
4,338 Reputation
Knightshade
07-17-2023 at 02:09 PM.
07-17-2023 at 02:09 PM.
Quote from EdgarVerona :
I've always been scared that, if I do a deal like this, they'll investigate and find out that my business is just some bullshit side project that will never be a real business.
Why would they? That'd be an insane amount of effort by Chase for something they have 0 reason to care about either way.




Quote from EdgarVerona :
Or on the other side, doing a deal like this with a side project that I *want* to be a real business - that I've even started up an LLC for the sake of turning it into a business - could cause my personal assets to be considered "comingled" with a real side business that I'm doing, and make me liable if my side business gets sued for some reason.
I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?

I am not a lawyer who is licensed to practice law in your state and this is not legal advice.

But in my completely lay opinion yes you're being massively overly paranoid for no reason on both sides of this.
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 515 Posts
154 Reputation
Gurney
07-17-2023 at 03:49 PM.
07-17-2023 at 03:49 PM.
Quote from computer87 :
To people who can't spend the 8k. I normally pay my property taxes they charge 2% fee but this card gives back 1% so you pay 1% on 8k spent. Ie pay 80 dollars to get 1k bonus.
Also you can make estimated payments on your federal tax I believe it's 1.87% fee then reduce your withholdings to pay less to account for estimated payment. Otherwise get it back next year as refund etc..

Also, if you itemize your 1040, credit card fees for taxes are deductable.
1
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
4,338 Reputation
Knightshade
07-17-2023 at 06:33 PM.
07-17-2023 at 06:33 PM.
Quote from Gurney :
Also, if you itemize your 1040, credit card fees for taxes are deductable.

I don't believe that has been true for years now for individuals-
https://www.progressivepayment.co...eductible/


Quote :
Can an individual deduct credit card processing fees?
In short: no, an individual can't deduct credit card processing fees.

There used to be options to do this, but that all changed a few years ago.

Back in 2018, a major overhaul of the tax rules took place. In fact, it was the biggest change to tax rules in 30 years. This overhaul happened under the Tax Cuts and Jobs Act, or TCJA.

This led to huge changes in how both individuals and businesses filed their taxes—including what deductions are now permitted for individuals.

In summary, it eliminated many itemized deductions that taxpayers could make use of before. This change included the one transaction cost that was deductible: credit card payments made to the IRS.
Reply
Joined Dec 2011
L3: Novice
> bubble2 139 Posts
128 Reputation
pufnstuf68
07-18-2023 at 09:29 AM.
07-18-2023 at 09:29 AM.
Quote from EdgarVerona :
I've always been scared that, if I do a deal like this, they'll investigate and find out that my business is just some bullshit side project that will never be a real business.

Or on the other side, doing a deal like this with a side project that I *want* to be a real business - that I've even started up an LLC for the sake of turning it into a business - could cause my personal assets to be considered "comingled" with a real side business that I'm doing, and make me liable if my side business gets sued for some reason.

I might be overly paranoid on both sides of the fence with this. Is there any reason for concern, or should I chill out and just go with it?

They don't care… my wife and I both have the Ink Unlimited and Ink Business Preferred. We've also referred each other for the additional bonus points. Short of doing manufactured spends, Chase doesn't care… they're gonna get their annual fee and they're getting 2-3% on your spend toward the bonus. They're making money… why scare off business by scrutinizing purchases that may or may not be businesses expenses.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Dec 2007
L6: Expert
> bubble2 1,252 Posts
407 Reputation
WEVUDO
07-18-2023 at 12:49 PM.
07-18-2023 at 12:49 PM.
If I got this like 3 years ago, do I qualify again?
Reply
Page 5 of 31
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.