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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 Jan 2017
L2: Beginner
> bubble2 676 Posts
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greyster
07-24-2023 at 07:13 PM.
07-24-2023 at 07:13 PM.
DP:
Approved business day 6 after app
Email said 5-7 biz days for card today. I called to expedite to 1-2 days.
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Joined Jul 2009
L3: Novice
> bubble2 217 Posts
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kk_don
07-24-2023 at 07:35 PM.
07-24-2023 at 07:35 PM.
Thanks Applied and went with the Chase Ink Business Cash. Got approved with 25K limit.
I found 5% cashback on select categories is more attractive with no annual fee.
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Joined Aug 2011
L3: Novice
> bubble2 239 Posts
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ibeyuranh
07-24-2023 at 07:37 PM.
07-24-2023 at 07:37 PM.
waited 9 days, no card

they didnt ship

called for expedited shipping.. 1-2 days
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Joined May 2010
L7: Teacher
> bubble2 2,360 Posts
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Daekwan
07-25-2023 at 04:32 AM.
07-25-2023 at 04:32 AM.
If I had this card for like 6 years, but just closed the account about 50 days ago.. am I able to apply for it again and get this new 100K bonus? I should be okay with 5/24.. but my concern is being able to get the bonus again.. having had the card before.
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Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-25-2023 at 06:35 AM.
07-25-2023 at 06:35 AM.
Quote from Daekwan :
If I had this card for like 6 years, but just closed the account about 50 days ago.. am I able to apply for it again and get this new 100K bonus? I should be okay with 5/24.. but my concern is being able to get the bonus again.. having had the card before.

Even on chase personal cards 6 years between is MORE than enough to get the same bonus again- and on chase biz cards it's a complete non-issue.
1
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Joined Dec 2005
Chief Bottlewasher
> bubble2 1,033 Posts
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candelabra
07-25-2023 at 11:06 AM.
07-25-2023 at 11:06 AM.
Quote from ragnarokx :
Anyone hear of approvals for this while being over 5/24?
I just got this card, then saw this deal here. I am actually over 5/24 by my count until November, but got the three chase business card deals in the last 4-5 months, no problem. $6k spend 90K points, $6k spend 75K points, and this one $8k spend 100K points. No problem with the 5/24. Business cards don't seem to count.

What DID count, my business is registered at my office which I don't really use much, so I used another address and they wanted all kinds of docs showing the other address. One of the docs I sent them was a chase business checking account with the other address on it. So this time I used the proper office address and it sailed through in a day or two.

Not sure how it works with explaining a sole proprietorship, or something not registered with the state, tax returns, articles of incorporation, license etc. Someone post up how they did that with an ebay thing, it should work, but I know they get picky, like the way "direct deposit" gets scrutinized way more these days
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Joined Dec 2005
Chief Bottlewasher
> bubble2 1,033 Posts
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candelabra
07-25-2023 at 11:11 AM.
07-25-2023 at 11:11 AM.
Quote from Daekwan :
If I had this card for like 6 years, but just closed the account about 50 days ago.. am I able to apply for it again and get this new 100K bonus? I should be okay with 5/24.. but my concern is being able to get the bonus again.. having had the card before.
I made the same assumption, that you have to close an account to open another. You don't. you can keep the old card, or convert it to fee free if you want. What they care about is you havent opened a new account and gotten a bonus in three years or whatever it is. You can call them if you're in need of clarification, they are very up front about it. Since they converted the business cash and the other one to fee-free, I just kept the old ones and got the new ones and bonus, no problemo!

When you get the card and call them to activate, you can reconfirm the bonus, they love to run through all the terms over the phone. The main one is getting the actual account open date, that's the one you don't want to screw up if you're running tight.
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Joined Nov 2010
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veryseablue
07-25-2023 at 11:14 AM.
07-25-2023 at 11:14 AM.
Quote from kk_don :
Thanks Applied and went with the Chase Ink Business Cash. Got approved with 25K limit.
I found 5% cashback on select categories is more attractive with no annual fee.
Agree with you on 5% categories, also less spending to meet the sub.
Reply
Joined Jan 2008
L3: Novice
> bubble2 160 Posts
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nauticnerd
07-25-2023 at 03:57 PM.
07-25-2023 at 03:57 PM.
I have a sole proprietorship business and a few years ago, I applied with my business EIN for a Southwest Airline card and got declined initially because I had to provide proof of my EIN and business, which I did but was a hassle.
Anyone know if that's the same case for this card?
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Joined May 2016
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> bubble2 69 Posts
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najin23
07-26-2023 at 07:44 AM.
07-26-2023 at 07:44 AM.
Just got it approved for my LLC. Great point value if you can transfer it to Sapphire Reserve and use their travel portal to book flights, each point becomes 1.5 point. If you think you will spend $8k within the first 3months and be able to transfer the points to the Reserve(if you have it), this deal can be great.
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Last edited by najin23 July 26, 2023 at 08:16 AM.
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
07-26-2023 at 07:50 AM.
07-26-2023 at 07:50 AM.
Quote from najin23 :
Just got it approved for my LLC. Great point value if you can transfer it to Sapphire Reserve and use there travel portal to book flights, each point becomes 1.5 point.

Even better value transferring to most airlines and booking with the airline assuming you're a little flexible on schedule and/or tend to book toward the front of the plane
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Joined May 2016
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> bubble2 69 Posts
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najin23
07-26-2023 at 08:24 AM.
07-26-2023 at 08:24 AM.
Quote from nauticnerd :
I have a sole proprietorship business and a few years ago, I applied with my business EIN for a Southwest Airline card and got declined initially because I had to provide proof of my EIN and business, which I did but was a hassle.
Anyone know if that's the same case for this card?
I am not 100% sure, but I heard that sole proprietorship wasn't quite a legitimate business entity even though you can apply for EIN. That's why most of business tax deductions for the sole-proprietorships are considered pretty much the same as W-2 deductions. Anybody can get EIN, but the true business entity is acknowledged when you set up a LLC(multi-member) or INC. If you are not paying annual dues to your state's secretary office, then most likely you are just a sole-proprietor.

I already have maxed out according to the 5/24 rule for personal. But, I have 3 more left for my business entity. I have both Inc Biz Cash and this Preferred. Inc Biz Cash has no fee. And you get 5%(points) for every $1 for office supply stores and internet/cell services. Often times, I buy gift cards from Staples or officemax with the Cash card for 5 points and use those cards for restaurant gift cards. Once a quarter, I call Chase to transfer those points to my personal Reserve Ultimate portal.
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Last edited by najin23 July 26, 2023 at 08:34 AM.
Joined May 2016
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> bubble2 69 Posts
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najin23
07-26-2023 at 08:28 AM.
07-26-2023 at 08:28 AM.
Quote from Knightshade :
Even better value transferring to most airlines and booking with the airline assuming you're a little flexible on schedule and/or tend to book toward the front of the plane
What do you mean? This Ink Business has the same benefit of 1:1 transfer like the Reserve. How can you book toward the front of the plane? Can you explain? Thank you.
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Joined Dec 2010
Custom Title
> bubble2 182 Posts
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contactcr
07-26-2023 at 09:33 AM.
07-26-2023 at 09:33 AM.
Quote from nauticnerd :
I have a sole proprietorship business and a few years ago, I applied with my business EIN for a Southwest Airline card and got declined initially because I had to provide proof of my EIN and business, which I did but was a hassle.
Anyone know if that's the same case for this card?
As sole prop if you just put SSN you will get less "documentation" hassle I suspect. You may get some extra questions during a reconsideration call if it's your first biz card but otherwise I think using SSN may be better off if this is your concern.
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Joined Sep 2009
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> bubble2 15,326 Posts
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Knightshade
07-26-2023 at 10:53 AM.
07-26-2023 at 10:53 AM.
Quote from najin23 :
What do you mean? This Ink Business has the same benefit of 1:1 transfer like the Reserve.
That was my point.

If you want higher value you usually don't bother using CSR and the portal- you transfer directly to the airline and book with the airline.


Quote from najin23 :
W
How can you book toward the front of the plane? Can you explain? Thank you.
You book business or first class seats with the airline.

Where you can routinely get 3-6 cents per point in cash-equivalent value, rather than the 1.5 cents the CSR portal gets you.

Even in coach you can often beat 1.5 cents a point with direct airline bookings to most destinations most of the time.

You can also beat 1.5 cents by transfers to Hyatt and booking hotel rooms that way.


The CSR portal at 1.5c is only rarely worth using.... One example is if you specifically MUST book southwest airlines, because transfers don't usually beat 1.5c with them in particular and they don't have real higher classes of service to book.
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