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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.

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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 Nov 2015
New User
> bubble2 412 Posts
98 Reputation
Theful13ffect
06-10-2024 at 09:17 AM.
06-10-2024 at 09:17 AM.
Quote from ecro38 View quoted comment :
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!
Yes, you technically can apply for more than 1 CIP, but I've personally never done that so I can't speak to how long you should wait between applications.

There are plenty of other Chase credit cards that earn Chase UR points, such as:
- Ink Cash
- Ink Unlimited
- Sapphire Reserve
- Sapphire Preferred
- Freedom Flex
- Freedom Unlimited
Reply
Joined Apr 2006
L10: Grand Master
> bubble2 9,719 Posts
1,057 Reputation
Tnyc
06-10-2024 at 12:04 PM.
06-10-2024 at 12:04 PM.
Quote from ecro38 View quoted comment :
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!

Check your PM.
Reply
Joined Dec 2013
L2: Beginner
> bubble2 69 Posts
14 Reputation
ecro38
06-10-2024 at 03:01 PM.
06-10-2024 at 03:01 PM.
Quote from Theful13ffect View quoted comment :
Yes, you technically can apply for more than 1 CIP, but I've personally never done that so I can't speak to how long you should wait between applications.

There are plenty of other Chase credit cards that earn Chase UR points, such as:
- Ink Cash
- Ink Unlimited
- Sapphire Reserve
- Sapphire Preferred
- Freedom Flex
- Freedom Unlimited
What I don't understand is the SUB - can I get Ultimate Rewards for the Ink Cash and Ink Unlimited? They seem to give cash back rather than UR points, but I'm most interested in UR points.
Reply
Joined Nov 2015
New User
> bubble2 412 Posts
98 Reputation
Theful13ffect
06-10-2024 at 03:50 PM.
06-10-2024 at 03:50 PM.
Quote from ecro38 View quoted comment :
What I don't understand is the SUB - can I get Ultimate Rewards for the Ink Cash and Ink Unlimited? They seem to give cash back rather than UR points, but I'm most interested in UR points.
The SUB on the Ink Cash and Ink Unlimited come in the form of UR points. In the fine print of the offer details, it says you will receive 75,000 bonus points (for the Unlimited). It doesn't explicitly state that they're UR points, but that's what they are.
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Joined Nov 2015
Slicker than deal
> bubble2 1,627 Posts
267 Reputation
Playstation4
06-10-2024 at 04:02 PM.
06-10-2024 at 04:02 PM.
I got a $6K limit approval LOL
Reply
Joined Dec 2013
L2: Beginner
> bubble2 69 Posts
14 Reputation
ecro38
06-10-2024 at 06:38 PM.
06-10-2024 at 06:38 PM.
Quote from Theful13ffect View quoted comment :
The SUB on the Ink Cash and Ink Unlimited come in the form of UR points. In the fine print of the offer details, it says you will receive 75,000 bonus points (for the Unlimited). It doesn't explicitly state that they're UR points, but that's what they are.
Ahh okay, that was my original concern. If those SUB are all Ultimate Reward Points, then it's worth it opening a different card each time.
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Joined Nov 2015
New User
> bubble2 412 Posts
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Theful13ffect
06-10-2024 at 07:21 PM.
06-10-2024 at 07:21 PM.
Quote from Playstation4 View quoted comment :
I got a $6K limit approval LOL
Enough for a dozen PS5s. Time to upgrade!
1
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Joined Jun 2023
L3: Novice
> bubble2 219 Posts
22 Reputation
PowerfulSuit190
06-11-2024 at 12:18 AM.
06-11-2024 at 12:18 AM.
Do I have to have a business to apply for this or can it be applied as an individual ?
1
Reply
Joined Feb 2019
L1: Learner
> bubble2 6 Posts
22 Reputation
Paiyan
06-12-2024 at 01:45 AM.
06-12-2024 at 01:45 AM.
I don't own any business., can I still apply for this card ??
2
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Joined Jul 2009
L5: Journeyman
> bubble2 881 Posts
268 Reputation
megapper
06-12-2024 at 02:50 AM.
06-12-2024 at 02:50 AM.
Quote from marasim View quoted comment :
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?

On chase app or web, there is a counter showing your spend progress to getting the bonus
Reply
Joined Dec 2010
L6: Expert
> bubble2 1,734 Posts
112 Reputation
matrix5k
06-19-2024 at 10:52 PM.
06-19-2024 at 10:52 PM.
How many different Ink SUBs can we get? Looking to save up for a trip to Japan.
1
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Joined May 2008
1337 D34L3R
> bubble2 2,156 Posts
328 Reputation
themoleculoman
06-20-2024 at 08:30 PM.
06-20-2024 at 08:30 PM.
Quote from matrix5k View quoted comment :
How many different Ink SUBs can we get? Looking to save up for a trip to Japan.
Lol, I've had like 6-7 over the last 10 or so years. Ink Cash, Ink Plus (iirc), Ink Unlimited (iirc), and like 3-4 Ink Preferreds (iirc). Think the most i carried at one time was 3. Just got another 100k from preferred to get back to >500k for future travel. Changed my ebay biz name and Chase wouldn't stop mailing me offers even after applying.
Reply
Last edited by themoleculoman June 21, 2024 at 06:39 AM.
Joined Dec 2010
L6: Expert
> bubble2 1,734 Posts
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matrix5k
06-26-2024 at 12:13 AM.
06-26-2024 at 12:13 AM.
Quote from themoleculoman View quoted comment :
Lol, I've had like 6-7 over the last 10 or so years. Ink Cash, Ink Plus (iirc), Ink Unlimited (iirc), and like 3-4 Ink Preferreds (iirc). Think the most i carried at one time was 3. Just got another 100k from preferred to get back to >500k for future travel. Changed my ebay biz name and Chase wouldn't stop mailing me offers even after applying.

How long do you wait to close a card and churn it again?
Reply
Joined Nov 2015
Wannabe Slick Dealer
> bubble2 265 Posts
110 Reputation
winstoon
06-26-2024 at 03:22 PM.
06-26-2024 at 03:22 PM.
Quote from Hugh_Jastle View quoted comment :
Some of us don't own property...
Some of us don't have good enough credit or 8k to spend too. Not everything applies to everyone in its entirety. Learn that.
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Joined May 2008
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> bubble2 2,156 Posts
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themoleculoman
06-26-2024 at 04:06 PM.
06-26-2024 at 04:06 PM.
Quote from matrix5k View quoted comment :
How long do you wait to close a card and churn it again?
Depends, the Ink Cards and Citi AA cards are the only ones I've ever truly churned. Typically hit the spend in 2 months and then close the card in 12 months, 15 months, or 23 months. Have had 3 concurrent Citi AA cards of same type (not sure if they are still around, was the 50k upgraded to 60k point cards) and 3 concurrent Ink cards (cash, plus, unlimited) as well as 2 concurrent Ink Preferred cards at once (believe I got referral in mail 1-2 months after getting 1 preferred and signed up for the 2nd after 4-5 months - have a weird history with Chase where the first biz card I signed up with had different biz name and address than 2nd, then 2nd biz card had different name than 3rd one - all eBay store names) - not sure the current rules.

There are so many cards out there, I've never really completed all - think I'm up to hitting about 29-30 after 12 years. Credit score in 810-830 range. Chase UR points have been the best value. Primary spend was reselling stuff I found on slickdeals for the first 6-7 years for 10-15% profit.

If I were traveling to Japan, I'd hit up the Citi AA offers depending on your spend (probably start with 50k offer). Like AAdvantage Plat + Mileup will get you I think 1-way flight to Japan for $3k spend. Would use Chase UR points from Ink ($8k spend) for hotel stays. Then you could grab some Amex cards for return flight or hit Barclays up for the Red Aviator card and get the 60k points (nearly worth return flight) for $1 spend ($99 annual fee). So for like $11k spend you get flights to and from Tokyo and 9 nights at Tokyo Hyatt Regency (108k points UR -> 108k Hyatt Points) or 6 nights in Shibuya or Yokohama.

If you've never had an Ink card before it can be a bit difficult to get accepted - have referred a few people with legitimate businesses that got denied even after submitting additional paperwork. And $8k spend can be difficult to hit for some. Whenever I'm short $1k or so, I'll typically just buy $1k in Amazon gift cards and apply to account for forward spending.

Also, if you already have multiple Chase cards, it's good to request a decrease in available credit to your highest available credit cards if they aren't going to be used much so that you aren't rejected for already having maximum credit allowable via other accounts.
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Last edited by themoleculoman June 26, 2024 at 04:34 PM.
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