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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 Aug 2012
L6: Expert
> bubble2 1,187 Posts
442 Reputation
Mg-KyoeK
02-08-2024 at 06:36 AM.
02-08-2024 at 06:36 AM.
Quote from GrummanPilot99 View quoted comment :
That's what I thought I would do but I researched it and it's bad practice to cancel within the first year. Like the commenter above mentioned, you need to wait for the second annual fee to post before canceling. Or else you might get blacklisted if you make a habit of it

Is it true that wait for 2nd annual fee and cancel within 30 days is better than cancelling before annual fee?
Reply
Joined Sep 2011
L7: Teacher
> bubble2 2,420 Posts
701 Reputation
johnny88
02-08-2024 at 08:35 AM.
02-08-2024 at 08:35 AM.
Quote from bru_that View quoted comment :
correct.
I would at least downgrade the card before reapplying to avoid the annual fee.
Reply
Joined May 2005
L9: Master
> bubble2 5,684 Posts
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Thinker
02-08-2024 at 08:38 AM.
02-08-2024 at 08:38 AM.
Does this card have office supply bonus of 5%?
Reply
Joined Feb 2006
L10: Grand Master
> bubble2 20,072 Posts
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tenderidol
02-11-2024 at 01:33 PM.
02-11-2024 at 01:33 PM.
Quote from Thinker View quoted comment :
Does this card have office supply bonus of 5%?
It doesn't... that's Ink Business Cash.
Reply
Joined Nov 2014
L2: Beginner
> bubble2 67 Posts
14 Reputation
alcateltester
02-12-2024 at 03:34 AM.
02-12-2024 at 03:34 AM.
I have couple cards from last year and I received $900 rewards/card as well. This year they send me tax documents for those rewards earned with "Other Income" tax code.
What to do ??
Reply
Joined Nov 2006
L5: Journeyman
> bubble2 801 Posts
155 Reputation
slingster
02-12-2024 at 12:55 PM.
02-12-2024 at 12:55 PM.
Quote from alcateltester View quoted comment :
I have couple cards from last year and I received $900 rewards/card as well. This year they send me tax documents for those rewards earned with "Other Income" tax code.
What to do ??
That's income and you have to pay tax on it!...just like interest you get from your bank, etc.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,364 Posts
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Knightshade
02-12-2024 at 01:33 PM.
02-12-2024 at 01:33 PM.
Quote from slingster View quoted comment :
That's income and you have to pay tax on it!...just like interest you get from your bank, etc.

Credit card rewards you have to spend to earn, including signup bonuses of the form 'Spend X dollars, get Y points' are not income, they are considered rebates by the IRS and not subject to taxation.

See here:
https://www.bankrate.com/finance/...le-income/


Now, credit card rewards you get WITHOUT any spend requirement (ie open this card and get X reward) are different- and ARE taxable... same as referral bonuses.
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Joined Apr 2006
L10: Grand Master
> bubble2 9,719 Posts
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Tnyc
02-15-2024 at 04:07 AM.
02-15-2024 at 04:07 AM.
Guys, you can easily add another 200 to the 1k sign up bonus. Just PM me if you want to know how.
5
Reply
Joined Feb 2006
L10: Grand Master
> bubble2 20,072 Posts
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tenderidol
02-17-2024 at 06:30 AM.
02-17-2024 at 06:30 AM.
I referred my wife for this card. Are the 40K referral bonus points credited once she receives the card or when she meets the spending requirement and gets her 100K points? Thanks!
Reply
Joined Aug 2004
...
> bubble2 10,042 Posts
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JaTaN
02-17-2024 at 06:45 AM.
02-17-2024 at 06:45 AM.
Quote from tenderidol View quoted comment :
I referred my wife for this card. Are the 40K referral bonus points credited once she receives the card or when she meets the spending requirement and gets her 100K points? Thanks!
She just needs to be approved for you to get your reff pts -- hitting her min spend doesn't matter

It'll take a few weeks for it to become pending in your rewards portal and then it'll be available for use when following statement generates
Reply
Joined Feb 2006
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> bubble2 20,072 Posts
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tenderidol
02-17-2024 at 07:00 AM.
02-17-2024 at 07:00 AM.
Quote from JaTaN View quoted comment :
She just needs to be approved for you to get your reff pts -- hitting her min spend doesn't matter

It'll take a few weeks for it to become pending in your rewards portal and then it'll be available for use when following statement generates
Awesome, thanks!

I transferred all my UR points to her to take advantage of the 1.25 conversion rate on this card for travel.
Reply
Joined Dec 2011
L4: Apprentice
> bubble2 327 Posts
18 Reputation
LeBoom
02-18-2024 at 08:15 AM.
02-18-2024 at 08:15 AM.
Quote from Knightshade View quoted comment :
Credit card rewards you have to spend to earn, including signup bonuses of the form 'Spend X dollars, get Y points' are not income, they are considered rebates by the IRS and not subject to taxation.

See here:
https://www.bankrate.com/finance/...le-income/


Now, credit card rewards you get WITHOUT any spend requirement (ie open this card and get X reward) are different- and ARE taxable... same as referral bonuses.

Is this true for cash (not point) sign up bonuses too?
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,364 Posts
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Knightshade
02-18-2024 at 10:45 AM.
02-18-2024 at 10:45 AM.
Quote from LeBoom View quoted comment :
Is this true for cash (not point) sign up bonuses too?

Yes-- if you had to spend $ to earn it it's a rebate on that spending, if it's something you get without required spend (things like referral bonus, or "just open an account" type bonuses) then it's income.
Reply
Joined Jan 2011
L3: Novice
> bubble2 182 Posts
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jimmystarr
02-19-2024 at 05:19 PM.
02-19-2024 at 05:19 PM.
Can you combine those points if you have a personal sapphire reserve?
Reply

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Joined Feb 2006
L10: Grand Master
> bubble2 20,072 Posts
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tenderidol
02-21-2024 at 08:25 AM.
02-21-2024 at 08:25 AM.
Quote from JaTaN View quoted comment :
She just needs to be approved for you to get your reff pts -- hitting her min spend doesn't matter

It'll take a few weeks for it to become pending in your rewards portal and then it'll be available for use when following statement generates
Yup... 40K points just showed up as "pending".
Reply
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