The Chase Ink Business Preferred currently has a 80,000 point sign up bonus after spending $5,000 in the 1st 3 month. Ever since I got approved for the Chase Sapphire Reserve with the amazing 100,000 point sign up bonus, I have been waiting on my next large sign up bonus. However, since I was over “5/24” I most likely would not get approved for another Chase card. Well, as of May of this year, I’m out of “5/24” jail and can apply for Chase cards again.
I applied for the card and I was approved. Yay me. I have several trips planned, and 80,000 points (miles or hotels points when transferred to travel partners) will greatly reduce my out of pocket expenses).
1. Annual Fee
The decision to get a credit card with an annual fee is an important one. See my previous post here on why a value cards with annual fees because of the extra perks they give. The $95 annual fee for the Chase Ink Business Preferred is NOT waived the 1st year and is usually on the 1st or 2nd billing statement.
2. Sign up Bonus
The sign up bonus for the Chase Ink Business Preferred is still 80,000 points after spending $5,000 within the 1st 3 months. The 80,000 points is worth at least $1,000 if redeemed through the Ultimate Rewards portal. However, if you follow me, you know you can redeem 80,000 points for way more than $1,000 in value if you play your cards right.
3. Bonus Category Spend
The Chase Ink Business Preferred earns 3x the first $150,000 spent on travel, shipping purchases, internet and phone services, and ads purchased for social media and search engines. Now, if you have the original Chase Ink Plus or Ink Cash, this may not be as interesting as the 5x you were or currently receiving at Office Supply stores, but still an amazing bonus structure. This card is great if you have legitimate business spend or just want to earn that sign up bonus (I don’t recommend churning). As with most of Chase’s premium cards, you will earn a 25% bonus when you purchase travel via the Ultimate Rewards portal.
Also, the Chase’s travel category is fairly broad as they define travel as:
“airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, operators of passengers trains, buses, taxis, limos, ferrys, tolls, bridges, highways, and parking lots and garages”
This card also comes with travel and purchase protection and no foreign transaction fees.
4. Transfer Travel Partners
The true beauty in owning Ultimate Rewards points, are the flexibility to transfer your UR points to other airline and hotel loyalty programs. For example, You don’t necessarily have to earn miles from Singapore Airlines by being a frequent business traveler or earn Hyatt Gold Passport points by traveling all the time. As long as you have created a free loyalty account with these partners, you can transfer the UR points to the airline or hotel program usually instantaneously. As a refresher, you can review my beginner steps here.
Why are transfer partners a big deal?
Because of the potential to earn 3x points travel, you can usually earn more points via credit card spend than you will traveling. The ability to have transfer partners will open up more airlines to experience, better business and First class options, faster routes, and nicer hotel rooms.
You can view the transfer partners of Chase below:
Join the conversation, do you plan on getting the Chase Ink Business Preferred?