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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 Nov 2012
L2: Beginner
> bubble2 51 Posts
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iderekk
05-26-2024 at 02:17 PM.
05-26-2024 at 02:17 PM.
I got denied for the card online. What did you guys put down for business revenue and monthly spending? I have Chase Sapphire Preferred, Chase Freedom, Chase Freedom Unlimited, Southwest card.
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Joined Nov 2006
L5: Journeyman
> bubble2 801 Posts
155 Reputation
slingster
05-26-2024 at 08:17 PM.
05-26-2024 at 08:17 PM.
Quote from aboyz View quoted comment :
I have a business unlimited link which I have for like 4 years now. Can i apply for this business perferred ink? or do I have to wait? Once approved. is there a way to call in to expidite the card to be sent to me? I need it next 2 week.

Please advise. what number to call.
Yes you can apply! I already have Business Unlimited and Business Cash Ink cards. I applied online for the Business Preferred Card and got it about 5 days later. I got the points for the first 2 cards already and now planning to get the 100K points for this one once I spent 8K. The Preferred Card charged the $95 fee after I had it for about 2 weeks. Once I get the points I will cancel it since the first 2 have better benefits, IMO. I will not keep a credit card that charges an annual fee.
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Joined May 2008
L4: Apprentice
> bubble2 355 Posts
26 Reputation
aboyz
05-26-2024 at 11:18 PM.
05-26-2024 at 11:18 PM.
just applied and got approved. they will ship out the card within 5-7 business day. is there a way to expedite it? is there a phone number to call in to get it within 2 business day?

thank you
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Joined Dec 2009
L4: Apprentice
> bubble2 429 Posts
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UrbanEric
05-27-2024 at 11:46 AM.
05-27-2024 at 11:46 AM.
LOL, approved, but only with a $5k limit (my other Chase cards have high limits). I guess I have to charge & pay off pretty quick on this one....friggin Chase. At least they gave me the card though (I'm pushing the 5/24 rule).
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Joined Jan 2011
L9000
> bubble2 1,051 Posts
111 Reputation
Powza
05-27-2024 at 12:23 PM.
05-27-2024 at 12:23 PM.
Quote from Andrewho919 View quoted comment :
I Usually got to costco and swipe for some laptops on this visa card and then return the laptops and refund back to my citi costco card

Just say you lost the card
Why would they refund you to a different form of payment? From merchant's perspective that's on the same level as requesting cash refund.
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Joined Nov 2015
New User
> bubble2 412 Posts
98 Reputation
Theful13ffect
05-27-2024 at 04:11 PM.
05-27-2024 at 04:11 PM.
Quote from Powza View quoted comment :
Why would they refund you to a different form of payment? From merchant's perspective that's on the same level as requesting cash refund.
Nike did the same thing for me. I returned some shoes in store, but I forgot the credit card I used for the purchase at home. They just said to scan a different credit card that I'd like to put the refund on. It doesn't seem to matter to them, as long as they can finalize the transaction.
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Joined Nov 2015
New User
> bubble2 412 Posts
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Theful13ffect
05-28-2024 at 08:32 AM.
05-28-2024 at 08:32 AM.
Quote from iderekk View quoted comment :
I got denied for the card online. What did you guys put down for business revenue and monthly spending? I have Chase Sapphire Preferred, Chase Freedom, Chase Freedom Unlimited, Southwest card.
I think the application used to allow $0 for revenue but not anymore. So nowadays I put something like $100 for revenue, and I've gotten approved doing that. If you've ever sold stuff on eBay or someplace similar, I would use that to base your revenue and spending.

Sorry about the denial. I can tell you anecdotally that I started getting my wife to apply for business cards a few years back, but her first application with Chase was denied. We then waited for a bit and tried again and she's gotten approved for 3 Chase Ink business cards since then. I think the one change in her application was that I told her to use our total income instead of just hers. I'm not sure if that made the difference.
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Last edited by Theful13ffect May 28, 2024 at 08:57 AM.

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Joined Jul 2010
L2: Beginner
> bubble2 445 Posts
134 Reputation
marasim
05-29-2024 at 07:39 AM.
05-29-2024 at 07:39 AM.
How do you track the spend (to reach $8000) and do you get a notification as soon as you achieve the spend?

How much time does it take to get the 100k points once you met the spend eligibility?
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Joined May 2008
L4: Apprentice
> bubble2 355 Posts
26 Reputation
aboyz
05-31-2024 at 04:19 PM.
05-31-2024 at 04:19 PM.
i got approved and my limit is only $5000. how do i get a higher limit? I got a chase saphire and my limit is $18K. Anyone know the reason for this? credit is 800+

thank you
Reply
Joined May 2008
L4: Apprentice
> bubble2 355 Posts
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aboyz
05-31-2024 at 04:20 PM.
05-31-2024 at 04:20 PM.
Quote from UrbanEric View quoted comment :
LOL, approved, but only with a $5k limit (my other Chase cards have high limits). I guess I have to charge & pay off pretty quick on this one....friggin Chase. At least they gave me the card though (I'm pushing the 5/24 rule).
same here.. maybe try calling in and see if they can up your limit.
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Joined Oct 2011
L2: Beginner
> bubble2 26 Posts
18 Reputation
mprusin
06-06-2024 at 03:44 AM.
06-06-2024 at 03:44 AM.
Quote from msp3 View quoted comment :
Want to sign up, but the Ink Preferred doesn't have the 0% interest offer like the no annual fee Ink cards do...

Why is this relevant? You shouldn't be carrying a balance, otherwise points & churning is a waste of time.
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Joined Oct 2011
L2: Beginner
> bubble2 26 Posts
18 Reputation
mprusin
06-06-2024 at 03:45 AM.
06-06-2024 at 03:45 AM.
Quote from aboyz View quoted comment :
same here.. maybe try calling in and see if they can up your limit.

You can swap limits with other cards. Just ask.
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Joined Nov 2012
L2: Beginner
> bubble2 36 Posts
10 Reputation
dcnorm29
06-06-2024 at 04:16 AM.
06-06-2024 at 04:16 AM.
Did anyone get approved after getting application will be reviewed we contact you soon, message? Is there a number I can call to hopefully convince them to approve
Reply
Joined Nov 2015
New User
> bubble2 412 Posts
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Theful13ffect
06-06-2024 at 07:59 AM.
06-06-2024 at 07:59 AM.
Quote from dcnorm29 View quoted comment :
Did anyone get approved after getting application will be reviewed we contact you soon, message? Is there a number I can call to hopefully convince them to approve
https://imgur.com/a/chase-approval-guide-oXlPW

Follow this flowchart.
Reply

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Joined Dec 2013
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> bubble2 69 Posts
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ecro38
06-09-2024 at 04:04 PM.
06-09-2024 at 04:04 PM.
I'm still new to the ink version, but I got Chase Ink Preferred (CIP) yesterday, 6/8. I have to do two big purchases, so I should be fine with SUB.

Is it possible to sign up for ANOTHER CIP? How long do I have to wait? I believe you can't cancel or downgrade it before a year, so would I have two CIP? I just want to use the CIP to get the SUB with each big purchase.

Also, just to make sure I don't misunderstand, but only CIP has a SUB that goes to Chase Ultimate Rewards, right?

Thank you for any help!
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