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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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Deal
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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.

449 Comments

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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/

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Joined Sep 2018
L3: Novice
> bubble2 163 Posts
18 Reputation
paskovv
12-20-2023 at 10:50 AM.
12-20-2023 at 10:50 AM.
Quote from Redflyer :
Trash offer I got this three years ago for spending $5k.

Lol get your time machine and stop bragging. This offer is great
Reply
Joined Nov 2014
L2: Beginner
> bubble2 32 Posts
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oompaloompa1000
12-23-2023 at 09:55 AM.
12-23-2023 at 09:55 AM.
I signed up for this card thinking it was going to get approved right away but had to go through authentication for my business. I've never had to do that before when I signed up as a sole proprietorship. Chase required me to submit formation documents for my LLC and proof of identity. When I called the rep said they implemented this step because there's a lot of fraud.

Hope this helps for those that are trying to get this card.
Reply
Joined May 2010
L7: Teacher
> bubble2 2,360 Posts
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Daekwan
12-23-2023 at 05:54 PM.
12-23-2023 at 05:54 PM.
If I already got this card in July.. am I able to apply for this exact same offer again now that's it's 6 months later? I don't plan on closing the previous account as I want as many biz cards as possible right now.
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Joined Mar 2005
L9: Master
> bubble2 4,543 Posts
623 Reputation
thegman230
12-24-2023 at 12:55 PM.
12-24-2023 at 12:55 PM.
Quote from Daekwan :
If I already got this card in July.. am I able to apply for this exact same offer again now that's it's 6 months later? I don't plan on closing the previous account as I want as many biz cards as possible right now.
No. You got the offer already on this card. Apply for another card that you don't have yet and get that offer
Reply
Joined Mar 2005
L9: Master
> bubble2 4,543 Posts
623 Reputation
thegman230
12-24-2023 at 12:56 PM.
12-24-2023 at 12:56 PM.
Quote from oompaloompa1000 :
I signed up for this card thinking it was going to get approved right away but had to go through authentication for my business. I've never had to do that before when I signed up as a sole proprietorship. Chase required me to submit formation documents for my LLC and proof of identity. When I called the rep said they implemented this step because there's a lot of fraud.

Hope this helps for those that are trying to get this card.
You signed up wrong and used an LLC and business name instead of your own name and SS#
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
71 Reputation
mcali786
12-24-2023 at 12:58 PM.
12-24-2023 at 12:58 PM.
Quote from thegman230 :
You signed up wrong and used an LLC and business name instead of your own name and SS#
Ooo I didn't knew one could do that? Thanks
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
71 Reputation
mcali786
12-24-2023 at 01:32 PM.
12-24-2023 at 01:32 PM.
Quote from pcman2000 :
Sorry but 2K more spend with $95 fee for 100K points not seeing the value vs the other cards.
This is a great offer/card at the moment. Less spend and UR points that can be transferred to Aeroplan or other airline JetBlue or hotels. $95 is nothing concerning if P1 refers P2 for $400 extra referral credit
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Joined Nov 2014
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> bubble2 32 Posts
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oompaloompa1000
12-24-2023 at 09:36 PM.
12-24-2023 at 09:36 PM.
Quote from thegman230 :
You signed up wrong and used an LLC and business name instead of your own name and SS#

Yeah I ultimately got approved but needed to upload tow documents. Definitely sign up as sole proprietorship to avoid the hassle.
Reply
Joined Mar 2015
New User
> bubble2 3 Posts
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bruisedlee23
12-26-2023 at 11:33 AM.
12-26-2023 at 11:33 AM.
Quote from lovethemdeals :
This guy churns, lol

I easily went through 4 different Chase biz cards this year and racked up 360k points worth $5,400 for travel (transferred to Chase Sapphire Reserve) by paying a chunk of my estimated taxes each quarter on each card. At least for the Ink cards, you can sign up for the same one every 3 months without cancelling any of them.

And I don't even have a business. I just made one up.
So pretty much any transaction counts as "purchases" for these credit cards? So property tax? How about when paying your federal/state income tax? (Never actually tried paying income tax with credit card before)
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Joined Jan 2005
New, Young and Handsome!
> bubble2 1,044 Posts
128 Reputation
bizdock
12-26-2023 at 11:36 AM.
12-26-2023 at 11:36 AM.
Quote from mcali786 :
This is a great offer/card at the moment. Less spend and UR points that can be transferred to Aeroplan or other airline JetBlue or hotels. $95 is nothing concerning if P1 refers P2 for $400 extra referral credit

Can you please explain the referral part? Thanks.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,326 Posts
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Knightshade
12-26-2023 at 12:10 PM.
12-26-2023 at 12:10 PM.
Quote from bruisedlee23 :
So pretty much any transaction counts as "purchases" for these credit cards? So property tax? How about when paying your federal/state income tax? (Never actually tried paying income tax with credit card before)

Any actual new payment where they get a swipe fee counts- they don't care WHAT you're paying for. Things like balance transfers do not however.

Taxes included. Note at least federally you'll pay a ~2% fee to use a credit card, but obviously for signup bonuses that's still pretty profitable.


Quote from bizdock :
Can you please explain the referral part? Thanks.
Someone referring you gets a bunch of points for doing so-- if you're in the same household you can combine points anyway so it's an easy win-win.

If you're not in the same household sometimes folks will offer to pay you some amount of $ if you use their referral link because they value the points they'd get more than the amount they're offering you (but obviously this requires some degree of trust in at least one direction for this to work out)
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Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
12-26-2023 at 12:40 PM.
12-26-2023 at 12:40 PM.
Quote from mcali786 :
This is a great offer/card at the moment. Less spend and UR points that can be transferred to Aeroplan or other airline JetBlue or hotels. $95 is nothing concerning if P1 refers P2 for $400 extra referral credit
I imagine they are comparing to the Ink Cash/Ink Unlimited 90k points/$6k spend offers. The Ink Preferred offer here requires an additional $2k spend, for (only) an additional 10k points, and requires the $95 annual fee.

Assuming the referral doesn't matter which of the CIC/CIP/CIU you get (which I know it doesn't), the value proposition of this offer over the CIC/CIU is debatable - you are basically paying $95 for 10k UR (which has positive value - how much depending on your usage and resulting valuation of UR points), but also burning an extra $2k in spend to do so, which may or may not matter to someone.
Reply
Joined Mar 2015
New User
> bubble2 3 Posts
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bruisedlee23
12-26-2023 at 01:58 PM.
12-26-2023 at 01:58 PM.
Anyone know if I need to have a Chase Business Checking Account setup first, before applying for this card? I have a business checking, but it only with BofA
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Joined Mar 2005
L9: Master
> bubble2 4,543 Posts
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thegman230
12-26-2023 at 03:16 PM.
12-26-2023 at 03:16 PM.
Quote from bruisedlee23 :
Anyone know if I need to have a Chase Business Checking Account setup first, before applying for this card? I have a business checking, but it only with BofA
No you do not need
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Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
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mcali786
12-26-2023 at 03:19 PM.
12-26-2023 at 03:19 PM.
Does anyone know if Chase ink cash/unlimted or this preferred can be churned, I have both the No Fee Ink Cash/Unlimited from last year and was hoping to cancel this month after paying off (love the 0% for 12 months both of these came with)....any data points would be appreciated.
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