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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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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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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 Jul 2021
L6: Expert
> bubble2 1,907 Posts
242 Reputation
Dealsprime440
03-17-2024 at 06:31 AM.
03-17-2024 at 06:31 AM.
Quote from Epwna View quoted comment :
Here's what I'm thinking about doing

I have a $9000 tax bill to the IRS for 2023. I want to get this card, put $8000 on it, get the bonus, and pay the remaining $1000 via ACH.

Will that work?

I'm a sole proprietor business owner

Irs charges 3% creditcard fees- dont forget that!
Reply
Joined Oct 2011
L5: Journeyman
> bubble2 703 Posts
36 Reputation
Epwna
03-17-2024 at 07:06 AM.
03-17-2024 at 07:06 AM.
Quote from Dealsprime440 View quoted comment :
Irs charges 3% creditcard fees- dont forget that!

Says 1.82% on the IRS site and this card gets 1% back, so nets out to like $70.
Reply
Joined Sep 2011
L1: Learner
> bubble2 13 Posts
10 Reputation
hollando
03-17-2024 at 12:44 PM.
03-17-2024 at 12:44 PM.
What should "Business established date" and "Annual business revenue" for a business because of this deal?

(Joking answer. Today? $1000-$95? Big Grin)
Reply
Joined Jul 2017
L3: Novice
> bubble2 103 Posts
10 Reputation
-JAM-
03-17-2024 at 06:42 PM.
03-17-2024 at 06:42 PM.
Quote from MoeOney View quoted comment :
Spend 8k 🤣

It's funny because you can't spend it 😂
1
Reply
Joined Nov 2013
L9: Master
> bubble2 4,162 Posts
460 Reputation
OnTheHunt_SC
03-18-2024 at 05:13 AM.
03-18-2024 at 05:13 AM.
what is the best number to call for "in review" status inquiry?
Reply
Joined Jun 2017
L7: Teacher
> bubble2 2,012 Posts
78 Reputation
bestdeal113
03-18-2024 at 11:01 AM.
03-18-2024 at 11:01 AM.
Quote from Epwna View quoted comment :
Here's what I'm thinking about doing

I have a $9000 tax bill to the IRS for 2023. I want to get this card, put $8000 on it, get the bonus, and pay the remaining $1000 via ACH.

Will that work?

I'm a sole proprietor business owner
You can also apply 2 credit cards and use them both.
Reply
Joined May 2020
L6: Expert
> bubble2 1,128 Posts
99 Reputation
androidf58
03-18-2024 at 03:00 PM.
03-18-2024 at 03:00 PM.
Got approved for this today after using the Business Ink Unlimited promo last year. Limit was lower than the giant line on my first Business Ink card, but this is my 3rd total Chase card so probably getting close to aggregate limits.
Reply

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Joined Nov 2014
L2: Beginner
> bubble2 59 Posts
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meetraffic
03-19-2024 at 02:27 AM.
03-19-2024 at 02:27 AM.
Quote from computer87 View quoted comment :
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..

Any tips to increase limit ? With the limit they provided not able to pay the taxes . Called up they said not possible increase , have a excellent fico score though
Reply
Joined Feb 2006
L10: Grand Master
> bubble2 20,072 Posts
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Pro
tenderidol
03-19-2024 at 05:28 AM.
03-19-2024 at 05:28 AM.
Quote from meetraffic View quoted comment :
Any tips to increase limit ? With the limit they provided not able to pay the taxes . Called up they said not possible increase , have a excellent fico score though
I believe a lot of us were approved with ridiculously low credit limits. They must know that we don't have "real" businesses Smilie
Reply
Joined Oct 2011
L5: Journeyman
> bubble2 703 Posts
36 Reputation
Epwna
03-19-2024 at 05:53 AM.
03-19-2024 at 05:53 AM.
Got approved, said I'd get my card in 5-7 days. No email confirmation or anything which I find odd. Should I just wait for the card and see what happens?
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,364 Posts
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Knightshade
03-19-2024 at 06:00 AM.
03-19-2024 at 06:00 AM.
Quote from meetraffic View quoted comment :
Any tips to increase limit ? With the limit they provided not able to pay the taxes . Called up they said not possible increase , have a excellent fico score though

You can move limits from other chase biz cards that's the easiest.

If you have none you can ask them to reduce personal cards limits, then in a separate call after that's done ask to increase the biz one (AFAIK you can't directly transfer biz to personal, but there's a 'total' limit across both they enforce)
Reply
Joined Feb 2006
L10: Grand Master
> bubble2 20,072 Posts
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tenderidol
03-19-2024 at 06:00 AM.
03-19-2024 at 06:00 AM.
Quote from Epwna View quoted comment :
Got approved, said I'd get my card in 5-7 days. No email confirmation or anything which I find odd. Should I just wait for the card and see what happens?
If you have any other Chase cards, you can log in to their portal and send a secure message requesting expedited shipping.
Reply
Joined Mar 2007
L5: Journeyman
> bubble2 597 Posts
76 Reputation
Jaydawg
03-19-2024 at 09:41 AM.
03-19-2024 at 09:41 AM.
Is this worth keeping beyond the first year?
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,364 Posts
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Knightshade
03-19-2024 at 10:03 AM.
03-19-2024 at 10:03 AM.
Quote from Jaydawg View quoted comment :
Is this worth keeping beyond the first year?

Not really, no
Reply

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Joined Jul 2013
L4: Apprentice
> bubble2 480 Posts
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sampatel1
03-20-2024 at 01:33 AM.
03-20-2024 at 01:33 AM.
Quote from meetraffic View quoted comment :
Any tips to increase limit ? With the limit they provided not able to pay the taxes . Called up they said not possible increase , have a excellent fico score though

Pay partial taxes, then pay it off so limit gets released and then pay taxes again. You should be able to rinse and repeat.
Reply
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