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

+90 Deal Score
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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

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Created 06-29-2023 at 03:49 PM by EfficientGame645
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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.

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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/

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Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-18-2023 at 01:13 PM.
07-18-2023 at 01:13 PM.
Quote from WEVUDO :
If I got this like 3 years ago, do I qualify again?

as long as you don't currently have the card open for the business you will apply under- yes you do.
Reply
Joined Apr 2005
L6: Expert
> bubble2 1,028 Posts
444 Reputation
HTB
07-18-2023 at 02:59 PM.
07-18-2023 at 02:59 PM.
Quote from greyster :
How long does card take to arrive? Do they do a virtual number?
It's been 7 days for me and i still haven't received the card
Reply
Joined Nov 2015
not a custom user title
> bubble2 1,332 Posts
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qsub
07-18-2023 at 11:34 PM.
07-18-2023 at 11:34 PM.
Is there a max amount of current chase business cards you should have? Don't want to get shut down.
Reply
Joined Jun 2014
L5: Journeyman
> bubble2 585 Posts
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littlestone
07-18-2023 at 11:40 PM.
07-18-2023 at 11:40 PM.
This one or the csr 90k in-branch offer tomorrow?
Reply
Joined Sep 2011
L9: Master
> bubble2 4,184 Posts
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comfortably-numb
07-19-2023 at 12:38 AM.
07-19-2023 at 12:38 AM.
Quote from littlestone :
This one or the csr 90k in-branch offer tomorrow?

Is the in branch 90k still running?
Reply
Joined Mar 2006
L8: Grand Teacher
> bubble2 3,243 Posts
709 Reputation
henny
07-19-2023 at 06:23 AM.
07-19-2023 at 06:23 AM.
The annual fee is not waived so the net bonus is equivalent to about 90,000 pts for a $8k spend.

Other than the 3:1 "silly" bonus categories, "normal" spending accrual is 1:1.

The Chase Bus. Unlimited (my favorite) has much easier $6k spend and offers 1.5:1 point accrual on all purchases and no annual fee. 75,000 sign up points.

Do the math. Chase Bus. Unlimited might be a better option unless you can confidently reach a $8k spend and exploit the 3:1 bonus categories.
Reply
Joined Dec 2011
L3: Novice
> bubble2 139 Posts
128 Reputation
pufnstuf68
07-19-2023 at 07:00 AM.
07-19-2023 at 07:00 AM.
Quote from henny :
The annual fee is not waived so the net bonus is equivalent to about 90,000 pts for a $8k spend.

Other than the 3:1 "silly" bonus categories, "normal" spending accrual is 1:1.

The Chase Bus. Unlimited (my favorite) has much easier $6k spend and offers 1.5:1 point accrual on all purchases and no annual fee. 75,000 sign up points.

Do the math. Chase Bus. Unlimited might be a better option unless you can confidently reach a $8k spend and exploit the 3:1 bonus categories.

Don't forget to account for referral bonuses as well, currently 40k per card. With the three new card I picked up and the referral bonuses, I'm going to add nearly 400K UR points to my account. Luckily I have some major home improvement expenses coming through in the next 6 weeks, but I understand that not everyone can meet that spend. Lowering to $8K on the Ink Preferred was huge though.
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Joined Nov 2010
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> bubble2 3,362 Posts
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veryseablue
07-19-2023 at 11:01 AM.
07-19-2023 at 11:01 AM.
Quote from Knightshade :
All chase UR earning cards with an annual fee allow transfers to the full list of chase travel partners, which includes Hyatt.
Thanks for the info. Just wonder if transfer ratio to Hyatt is same with this card or Reserve card? I know the points used for travel for this card is 1.25 while 1.5 for reserve card? Thanks.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-19-2023 at 11:19 AM.
07-19-2023 at 11:19 AM.
Quote from veryseablue :
Thanks for the info. Just wonder if transfer ratio to Hyatt is same with this card or Reserve card? I know the points used for travel for this card is 1.25 while 1.5 for reserve card? Thanks.

Transferring to partners is the same on all cards that allow transfers- 1:1 (unless there's a specific transfer bonus in effect at the time, occasionally they offer these for certain partners, usually a 20 or 30% bonus for a limited time)

The 1.25/1.5 stuff is using points in the chase portal... which is usually an inferior value to transferring to airlines or Hyatt.

There are a FEW cases where using the portal might make sense though and where the portal ratio might matter (for example if you specifically need to book Southwest, and you have the CSR, then the 1.5c in the portal, and the miles with SW earned since SW treats it as a cash booking, might beat a 1:1 transfer to southwest since SW points are usually only worth ~1.4 cents and don't themselves earn miles)
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Joined Dec 2016
L4: Apprentice
> bubble2 422 Posts
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duke5150
07-19-2023 at 12:15 PM.
07-19-2023 at 12:15 PM.
Is this an Ultimate Rewards point card? Can the poi8nts be transferred to other chase chards?
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Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-19-2023 at 12:26 PM.
07-19-2023 at 12:26 PM.
Quote from duke5150 :
Is this an Ultimate Rewards point card? Can the poi8nts be transferred to other chase chards?

yes and yes
Reply
Joined Jan 2017
L2: Beginner
> bubble2 676 Posts
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greyster
07-19-2023 at 03:58 PM.
07-19-2023 at 03:58 PM.
How long from online app to approval? I imagine they got a lot of apps during this promo
Reply
Joined Mar 2020
New User
> bubble2 5 Posts
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GreenKnob209
07-19-2023 at 04:27 PM.
07-19-2023 at 04:27 PM.
Quote from greyster :
How long from online app to approval? I imagine they got a lot of apps during this promo
I got instant approval. some data points suggests a few days before approval.
Reply
Joined Nov 2010
L8: Grand Teacher
> bubble2 3,362 Posts
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veryseablue
07-19-2023 at 06:43 PM.
07-19-2023 at 06:43 PM.
Quote from Knightshade :
Transferring to partners is the same on all cards that allow transfers- 1:1 (unless there's a specific transfer bonus in effect at the time, occasionally they offer these for certain partners, usually a 20 or 30% bonus for a limited time)

The 1.25/1.5 stuff is using points in the chase portal... which is usually an inferior value to transferring to airlines or Hyatt.

There are a FEW cases where using the portal might make sense though and where the portal ratio might matter (for example if you specifically need to book Southwest, and you have the CSR, then the 1.5c in the portal, and the miles with SW earned since SW treats it as a cash booking, might beat a 1:1 transfer to southwest since SW points are usually only worth ~1.4 cents and don't themselves earn miles)
Thanks a lot for the insight and repped. I used to have Reserve when it first came out, but closed it due to fee hike, I currently have Capital one venture X, so have the same perks as reserve for most part. I have accumulated a lot of pointsover the past years and haven't spent most of them. I am thinking to apply this or the reserve again as I will likely use the 1.25 or 1.5 bonus booked through their portal. This card has much lower AF, so can keep it for a little longer.

BTW, wife has no fee Ink cards, both cash and unlimited, can she refer me for this card? or you have to have the same card to refer to someone? Thanks again.
Reply
Last edited by veryseablue July 19, 2023 at 06:46 PM.

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Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-20-2023 at 04:23 AM.
07-20-2023 at 04:23 AM.
Quote from veryseablue :
Thanks a lot for the insight and repped. I used to have Reserve when it first came out, but closed it due to fee hike, I currently have Capital one venture X, so have the same perks as reserve for most part. I have accumulated a lot of pointsover the past years and haven't spent most of them. I am thinking to apply this or the reserve again as I will likely use the 1.25 or 1.5 bonus booked through their portal. This card has much lower AF, so can keep it for a little longer.

BTW, wife has no fee Ink cards, both cash and unlimited, can she refer me for this card? or you have to have the same card to refer to someone? Thanks again.

They should be able to provide you a link that'll let you sign up for any ink card regardless of which one they have
Reply
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