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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

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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 Dec 2011
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> bubble2 139 Posts
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pufnstuf68
07-20-2023 at 06:49 AM.
07-20-2023 at 06:49 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.

Haven't really explored the Chase UR portal for anything but hotels. Chase leverages Expedia for that. My experience has been the UR points are best maximized for overseas travel in conjunction with the Reserve 1.5 valuation. Spent a month in Italy and Asia and used less than 200K UR points all for stays in some decent hotels.
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Joined Nov 2010
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> bubble2 3,362 Posts
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veryseablue
07-20-2023 at 07:19 AM.
07-20-2023 at 07:19 AM.
Quote from Knightshade :
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
thanks.
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Joined Nov 2010
L8: Grand Teacher
> bubble2 3,362 Posts
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veryseablue
07-20-2023 at 07:21 AM.
07-20-2023 at 07:21 AM.
Quote from pufnstuf68 :
Haven't really explored the Chase UR portal for anything but hotels. Chase leverages Expedia for that. My experience has been the UR points are best maximized for overseas travel in conjunction with the Reserve 1.5 valuation. Spent a month in Italy and Asia and used less than 200K UR points all for stays in some decent hotels.
Good points, thanks for the info.
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Joined Jul 2016
L10: Grand Master
> bubble2 8,074 Posts
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Genghis_Khan
07-20-2023 at 07:42 AM.
07-20-2023 at 07:42 AM.
Quote from Knightshade :
Of course, they're complete different cards.

That's assuming you are otherwise qualified to get the card (below 5/24, below 2/30, and haven't gotten a bonus for the specific new card you are applying for in the last 24 months)

I've gotten SUBs on the Ink preferred, the ink cash, the ink unlimited, and then the ink preferred a second time (more than 24 months after the first ink preferred bonus) for example.... that's on top of SUBs for the business Marriott card and any number of personal chase cards.
first....what's an SUB?
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Joined Aug 2007
L5: Journeyman
> bubble2 1,055 Posts
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WTFD4V1D
07-20-2023 at 07:48 AM.
07-20-2023 at 07:48 AM.
Quote from Genghis_Khan :
first....what's an SUB?

Sign up bonus
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Joined Jul 2016
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> bubble2 8,074 Posts
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Genghis_Khan
07-20-2023 at 07:50 AM.
07-20-2023 at 07:50 AM.
Quote from WTFD4V1D :
Sign up bonus

Ohhh....cool...Newbie here... Ty. I got all the points for my business unlimited. Maybe a good time to get more points on this business preferred.
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Joined Jul 2016
L10: Grand Master
> bubble2 8,074 Posts
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Genghis_Khan
07-20-2023 at 08:39 AM.
07-20-2023 at 08:39 AM.
on the application, what do we put on NAICS code?
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Joined Jul 2016
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Genghis_Khan
07-20-2023 at 08:59 AM.
07-20-2023 at 08:59 AM.
Quote from Knightshade :
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
so i can refer my wife? i have a chase business unlimited. thanks for the help.
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Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-20-2023 at 10:16 AM.
07-20-2023 at 10:16 AM.
Quote from Genghis_Khan :
so i can refer my wife? i have a chase business unlimited. thanks for the help.

You can refer anybody (though there's a cap to how many per year you can benefit from- I think it's 5--- also if you exceed $600 in value in referral bonuses from the same bank (60k pts as Chase reckons it) you might get a 1099)
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Joined Mar 2005
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> bubble2 4,543 Posts
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thegman230
07-20-2023 at 12:30 PM.
07-20-2023 at 12:30 PM.
Quote from Knightshade :
You can refer anybody (though there's a cap to how many per year you can benefit from- I think it's 5--- also if you exceed $600 in value in referral bonuses from the same bank (60k pts as Chase reckons it) you might get a 1099)
But points are not cash bonus so why do they count points from a referral that way. Are you sure?
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Knightshade
07-20-2023 at 12:37 PM.
07-20-2023 at 12:37 PM.
Quote from thegman230 :
But points are not cash bonus so why do they count points from a referral that way. Are you sure?

Because they have direct cash equivalent value (ie you can get $1 cash for each 100 points directly if you wish)-- and unlike sign up bonuses requiring minimum spend, referral bonuses are income and thus taxable.



And yes I'm sure- it's been widely reported for years.... USUALLY they only do it for $600 (60k points) or more, but sometimes have done it for less.


https://onemileatatime.com/chase-referral-1099/

https://www.doctorofcredit.com/ch...per-point/

https://www.reddit.com/r/CreditCa...s_in_2021/
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Joined Mar 2005
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> bubble2 4,543 Posts
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thegman230
07-20-2023 at 04:15 PM.
07-20-2023 at 04:15 PM.
Well that is absolutely ridiculous. Anything can be equated to a cash value then and the fact that these are intangible points and NOT actually a CASH bonus but can be redeemed, ie traded or bartered for other goods or services or the like should be exempt from this nonsense. Points that you can exchange, even for a statement credit for pimping out their product to another customer should not be considered income plain and simple.
2
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Last edited by thegman230 July 20, 2023 at 04:21 PM.
Joined Sep 2009
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Knightshade
07-20-2023 at 04:27 PM.
07-20-2023 at 04:27 PM.
Quote from thegman230 :
Well that is absolutely ridiculous. Anything can be equated to a cash value then and the fact that these are intangible points and NOT actually a cash bonus but can be redeemed , ie traded or bartered for other goods or services or the like should be exempt from this nonsense. Points that you can exchange, even for a statement credit for pimping out their product to another customer should not be considered income plain and simple.


Ok, but the IRS is who you should be mad at then....they're the ones who make the rules on this.


If you get a bonus that requires a specific spend- that is NOT taxable, because IRS considers it a rebate on your spending.

If you get a bonus that does NOT require any spend- that IS taxable--- this applies to things like new bank account bonuses, new brokerage bonuses, and credit card referral bonuses.... If the bonus is something other than straight cash the gifter of the bonus must assign it a cash equivalent value for tax purposes on the 1099 they file... (though again if the value is under $600 they don't technically need to file a 1099, and don't always do so... YOU are still supposed to report it yourself, but few do)

In this case chase assigns 1 cent a point... because that is the literal cash value of the points.


It's worse for other such rewards who sometimes assign a cash value higher than you can directly get as-cash for their points. In that case you can dispute the value with the IRS... article on that here:
https://viewfromthewing.com/getti...s-dispute/


But you'd be unlikely to get anywhere with Chase UR, since as I said, they're reporting literal cash value.
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slickdude99
07-23-2023 at 03:28 PM.
07-23-2023 at 03:28 PM.
I got this card 6/2018 and closed 7/2019, met the $15k spend for SUB. Can I still get the SUB if I signup again?
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Joined Oct 2008
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slickdude99
07-23-2023 at 03:52 PM.
07-23-2023 at 03:52 PM.
Quote from littlestone :
This one or the csr 90k in-branch offer tomorrow?

Where do you see CSR 90K in-branch offer? Do you mean CSP?
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