The Ink Business Preferred® Credit Card is offering 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM.
If traveling isn’t what you are looking for you can definitely redeem your bonus points for other items such as cash back, gift cards, etc through the rewards portal.
Ink Business Preferred® Credit Card
Update 11/20/24: Having a business card from Chase won’t add to your 5/24. This card is just like the Chase Sapphire Preferred because you can transfer points to Chase travel partners such as Southwest, Hyatt, British Airways etc. 120K sign up bonus is the highest ever for this card!
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Editor’s Note: You may not know this, but if you ever sell something on eBay, Craigslist, or do any freelance work, your business is called sole proprietorship. Simply use your name as business ID and Social Security number as tax ID on your application to apply.
Ink Business Preferred® Credit Card Summary
| Bonus Available | Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM. |
| Ongoing Rewards/Benefits | Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping, internet, cable, phone, social media/search engine advertising each year.
Earn unlimited 1x UR per $1 spent on all other purchases. Employee cards at no additional cost. With this card, you can transfer your UR points to partner airlines miles and hotel points, similar to Chase Sapphire Preferred. Purchase Protection – Covers your new purchases for up to 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Primary car rental insurance for business purpose only. Earn 5x UR points on Lyft, until March 2025. |
| Foreign Transaction Fees | None |
| Annual Fee | $95 |
Ink Business Preferred® Credit Card Bonus
Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM.
What are Chase Points Worth?
The value of your points depends on how you use them, the value of each point is around $0.02.
You can redeem your points for:
- Cashback: As statement credit to apply toward your balance, or directly deposited to most United States checking and savings accounts.
- Travel: For premium vacation packages, cruises or fly any class on most major airlines. There are no restrictions or blackout dates on airfare booked through Chase TravelSM.
- Gift cards: Over 70 gift card options available including Home Depot, iTunes, Amazon and Staples.
- Amazon items: Instantly redeem your points to pay for all or part of your eligible Amazon order, including tax and shipping.
You can also transfer your points to travel partners at a 1:1 ratio, which is why these points can be so valuable.
If you don’t want to transfer your points, you can redeem your rewards by booking flights, hotel stays and rental cars through Chase TravelSM.
This will get you $0.0125 per point in value, all other redemption options are worth $0.01 or less.
Ink Business Preferred® Credit Card Benefits
The Ink Business Preferred® Credit Card is the go-to card for these reasons:
- Travel discounts. Points are worth 25% more when redeeming for travel through Chase TravelSM. Plus, get 20% off travel redemption, including airfare, hotels, car rentals and cruises.
- Transfer points at a 1:1 ratio to Chase’s airline and hotel transfer partners. If you frequently fly or stay with their partners, the Ink Business Preferred card can earn you free flights and stays fast.
- No foreign transaction fee. By eliminating the 3% foreign transaction fee that many other credit cards charge, the Ink Business Preferred card comes in handy when you’re using it when visiting important suppliers and clients out of the country.
- Free employee cards for no additional fees. The rewards program will apply to those cards as well so you can earn rewards faster. Minimize credit card abuse by setting a spending limit for each employee card. You’ll also be automatically notified whenever an employee makes a purchase.
- Protection benefits. Get travel protection, purchase protection, and cell phone protection with your Ink Business Preferred card.
- Auto rental collision damage waiver. Decline the rental company’s collision insurance and charge the entire rental cost to your card. Receive primary coverage for theft and collision damage for most cars rented for business purposes. Reimbursement is up to the actual cash value of the vehicle.
Bottom Line
The Ink Business Preferred® Credit Card is one of the best business cards out there by far with such an attractive bonus.
Chase definitely stacked incentives on this card with the amount of points you can earn with everyday business purchases.
Simply put if you are in an industry that requires a lot of traveling, shipping, and media advertising, you will be able to earn the maximum rewards for your day-to-day operations.
This card is catered towards the generation of businesses where most earning capacity can revolve around internet hosting, social media, and traveling.
This card is it. For any business owners out there, you can easily earn bonus points.
There are three versions of the Ink Business cards from Chase. You can compare this card to the others: Ink Business Premier, Ink Business Preferred card and the Ink Business Cash card.
See our full list of credit card bonuses for all your credit card needs! Be sure to check out our list of the best bank promotions from Chase Bank.
Learn more about its rates & fees.
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
You can redeem for cash, but it makes more sense for travel rewards.
Can these points be redeemed for cash as well or just as travel rewards?
Hi Steve,
I don’t ever recall anything higher than 80K bonus points. Best to sign up now.
Is the 80k offer on the Chase Ink Business Preferred a limited time offer? I’m trying to figure out when to apply…do it now, or wait for a bettter offer, or do it now, because it might drop.