Link: Learn more about the Ink Business Preferred® Credit Card with 100K bonus points
The Ink Business Preferred® Credit Card is one of the best business credit cards out there, and is part of the Chase Ink Business card portfolio. This card continues to have a generous welcome bonus, so in this post, I’d like to go over the updated details of that, including eligibility requirements (which have changed over time).
Best Chase Ink Preferred Card welcome bonus details
The Chase Ink Preferred Card currently has a welcome offer of 100,000 Ultimate Rewards points after spending $8,000 within the first three months.
Personally I value Chase Ultimate Rewards points at 1.7 cents each, meaning the 100,000 points are worth $1,700 to me, which is a very good bonus. There are lots of great uses of Chase points, as they can be transferred to all kinds of useful airline and hotel partners.
Let me emphasize that this is the best publicly available bonus currently offered, but in the past we have seen a best-ever offer of 120,000 points upon completing minimum spending. However, it has been a while since we’ve seen that, and there’s no indication of that returning anytime soon. Still, I like to provide that context.
Who is eligible for the Chase Ink Preferred Card bonus?
When it comes to getting approved for the Chase Ink Preferred Card and earning the welcome bonus, what rules should you be aware of? Well, there are the card specific policies, and then also the more generic Chase policies. When you pull up the application, you’ll see the following terms:
The new cardmember bonus may not be available to you if you have ever had this card. We may also consider factors pertinent to your business in determining your bonus eligibility.
As you can see, officially the welcome bonus may not be available to you if you currently have this card, or if you’ve had it in the past. However, eligibility for the card (including the bonus) is unrelated to whether you have any other Chase business card.
In other words, you’re eligible for this card, including the bonus, if you have cards like the Ink Business Cash® Credit Card (review), Ink Business Unlimited® Credit Card (review), or Sapphire Reserve for Business℠ (review).
Beyond that, there are some general Chase rules to be aware of:
- This card may be subjected to Chase’s 5/24 rule, which is to say that you may not be approved if you’ve opened five or more new card accounts in the past 24 months (this excludes many business cards); however, there are increasingly data points that this rule is no longer consistently enforced
- It’s generally considered a best practice to not apply for more than one Chase business credit card every 30 days, so I’d recommend observing that limit when applying
While Chase business cards can be tough to get approved for, they offer such fantastic bonuses and perks, so it’s worth the effort, in my opinion. Furthermore, it’s nice how the eligibility requirements aren’t too strict in terms of qualifying for the bonus.
Read my guide to getting approved for the Chase Ink Preferred Card, and my experience getting approved for the Chase Ink Preferred Card.
Why the Chase Ink Preferred Card is worth it
The Chase Ink Preferred Card has a $95 annual fee, and offers all kinds of amazing perks that make it worth holding onto. Among other things, here’s what makes the card so valuable:
- The card has an amazing rewards structure, as it offers 3x points on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines (on up to $150K in combined purchases every cardmember year)
- The card offers a cell phone protection benefit, which can get you up to $1,000 per claim in cell phone protection against covered theft or damage (with a $100 deductible)
- The card offers primary rental car coverage, which can come in handy if you rent cars with any frequency
- The card offers valuable travel protection, in the event of irregular operations with your travel, delayed bags, etc.
- Having this card allows you to maximize the value of other no annual fee Chase cards that accrue points, since it potentially allows you to move all your points to Ultimate Rewards airline and hotel partners
Read my review of the Chase Ink Preferred Card.
Chase Ink Preferred Card welcome bonus FAQs
Currently the highest publicly available welcome offer on the Chase Ink Preferred is for 100,000 bonus points upon completing minimum spending. The best publicly available bonus I ever recall seeing on the card was for 120,000 bonus points, but that’s not currently available.
The Chase Ink Preferred generally follows a “once in a lifetime” rule when it comes to earning the bonus, so you may not be eligible for the bonus on the card if you have or have had this card. However, eligibility is unrelated to having had any other Chase card.
You’ll have to contact Chase to see what’s available to you, but it’s generally possible to product change between Chase business cards in the same portfolio, assuming you’ve had a card for at least 12 months. However, if you product change to a card, you wouldn’t receive the welcome bonus, so there’s a big incentive to apply outright.
The Chase Ink Preferred is a business card, so it follows the same rules as most Chase business cards. It’s possible to apply for the card as a sole proprietorship, in which case you’d use your Social Security Number as the business ID during the application process. More people are eligible for business cards than you may assume.
Bottom line
The Chase Ink Preferred Card is one of the best business cards out there, and if you’re eligible for the card, there’s lots of merit to applying.
Not only does the card have a big bonus, but it’s worth holding onto for the great rewards structure, excellent protection benefits, and the ability to maximize other cards in the Chase ecosystem. With the changes we’ve seen to other Chase cards in recent times, this card is arguably even more compelling than in the past.
Do you have the Chase Ink Preferred Card, and if so, what has your experience been?
