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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.

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 Oct 2011
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> bubble2 703 Posts
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Epwna
03-20-2024 at 11:49 AM.
03-20-2024 at 11:49 AM.
Quote from sampatel1 View quoted comment :
Pay partial taxes, then pay it off so limit gets released and then pay taxes again. You should be able to rinse and repeat.

This is the way
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Joined Dec 2014
L5: Journeyman
> bubble2 649 Posts
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bill_tong
03-20-2024 at 01:59 PM.
03-20-2024 at 01:59 PM.
Whose credit score does this hit when applying for it?
Reply
Joined Nov 2014
L2: Beginner
> bubble2 59 Posts
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meetraffic
03-20-2024 at 06:31 PM.
03-20-2024 at 06:31 PM.
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

I thought same but their limit is so low not like personal cards where I get 25 30 k here it's 6k and IRS doesn't accept split payments
1
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Joined Oct 2011
L5: Journeyman
> bubble2 703 Posts
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Epwna
03-20-2024 at 06:36 PM.
03-20-2024 at 06:36 PM.
Quote from meetraffic View quoted comment :
I thought same but their limit is so low not like personal cards where I get 25 30 k here it's 6k and IRS doesn't accept split payments

I don't think that's the case.

https://www.irs.gov/payments/freq...ax-payment
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Joined Jun 2007
L3: Novice
> bubble2 118 Posts
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etm123
03-21-2024 at 05:00 PM.
03-21-2024 at 05:00 PM.
Quote from meetraffic View quoted comment :
I thought same but their limit is so low not like personal cards where I get 25 30 k here it's 6k and IRS doesn't accept split payments

The IRS will take split, partial, whatever. You send and they'll take it. It's just matter of paying on time and by the deadlines. It's all credited to your tax account.
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Joined May 2014
L7: Teacher
> bubble2 2,290 Posts
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nickn8911
03-21-2024 at 05:05 PM.
03-21-2024 at 05:05 PM.
if you have 8k to float for 3 months, and all you get is 1k in return, i guess thats ok. but even just throwing it in the stock market would give you a good chance at that return.
2
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Joined Sep 2009
L10: Grand Master
> bubble2 15,364 Posts
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Knightshade
03-21-2024 at 08:11 PM.
03-21-2024 at 08:11 PM.
Quote from nickn8911 View quoted comment :
if you have 8k to float for 3 months, and all you get is 1k in return, i guess thats ok. but even just throwing it in the stock market would give you a good chance at that return.


...what?


First- why would you need to 'float" it for 3 months? It's not like you're loaning chase 8k for 3 months and getting 1k in interest.

The point is put actual real life spend on it, and get a much higher reward rate compared to other options.

Spend 8k, immediately pay it off, get 100k UR points as a reward.

Second, that could be a lot more than $1000--- for folks who take premium flights it could be 10 times that. Even just for folks who, say, stay at Hyatt hotels, it can be 2-3k.




Quote from etm123 View quoted comment :
The IRS will take split, partial, whatever. You send and they'll take it. It's just matter of paying on time and by the deadlines. It's all credited to your tax account.

Yup, I've had years where I knocked out 3-4 signup bonuses just from income tax payments.
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Joined Nov 2014
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> bubble2 59 Posts
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meetraffic
03-22-2024 at 02:52 AM.
03-22-2024 at 02:52 AM.
Quote from sampatel1 View quoted comment :
Pay partial taxes, then pay it off so limit gets released and then pay taxes again. You should be able to rinse and repeat.

IRS doesn't allow partial tax payment option isn't it
Reply
Joined Mar 2014
L1: Learner
> bubble2 375 Posts
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sickdealsonlys
04-01-2024 at 09:19 AM.
04-01-2024 at 09:19 AM.
website says $6000 spend? instead of 8k
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Joined Mar 2019
L2: Beginner
> bubble2 59 Posts
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SlickAF
04-03-2024 at 07:32 PM.
04-03-2024 at 07:32 PM.
Hi I have had this card for several years now. It's still active. How can I get this offer again? Do I need to downgrade my current one first and then apply for new one?
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Joined May 2020
New User
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Bballershotcalla777
04-04-2024 at 11:21 AM.
04-04-2024 at 11:21 AM.
Quote from computer87 View quoted comment :
To people who can't spend the 8k. I normally pay my property taxes they charge 2% fee but this card gives back 1% so you pay 1% on 8k spent. Ie pay 80 dollars to get 1k bonus.
Also you can make estimated payments on your federal tax I believe it's 1.87% fee then reduce your withholdings to pay less to account for estimated payment. Otherwise get it back next year as refund etc..
I don't understand this? So instead of spending 8k you spend 80$ by just paying a tax fee and that will give you 1k bonus?
1
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Last edited by Bballershotcalla777 April 5, 2024 at 01:01 PM.
Joined Aug 2010
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> bubble2 1,094 Posts
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computer87
04-04-2024 at 01:54 PM.
04-04-2024 at 01:54 PM.
Quote from Bballershotcalla777 View quoted comment :
I don't understand this? So instead of spending 8k you spend 80$ by just paying a tax fee and that you will give you 1k bonus?
You spend the 8k by paying your taxes and in case of federal you file and get them back next year. In case of property tax you just pay the property tax and earn your bonus etc..
yes if you prepay your federal tax you basically loose any interest during that time but you get the bonus and you get it back via tax filing next year.
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Joined Nov 2011
L7: Teacher
> bubble2 2,851 Posts
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mepo12
04-04-2024 at 10:15 PM.
04-04-2024 at 10:15 PM.
Can I downgrade existing and reapply?
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Joined Jan 2016
L6: Expert
> bubble2 1,172 Posts
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Parad153
04-05-2024 at 10:24 AM.
04-05-2024 at 10:24 AM.
Don't you have to pay extra fee for paying taxes with credit card?
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Joined Jun 2009
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ls1dreams
04-05-2024 at 10:28 AM.
04-05-2024 at 10:28 AM.
What's the lowest spend on an ink card that's happened in the past to get 100k points?

Ideally closer to 5k would be easier. 8k is quite a lot.
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