Chase Ink Business Preferred Offering 120K Welcome Bonus
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The all-time high intro offer for the Chase Ink Business Preferred® Credit Card is ending soon. You only have until 9 a.m. EST on Sept. 5, 2024, to earn 120,000 points after spending $8,000 in the first three months from account opening. This is an outstanding offer worth $1,200 in cash back or $1,500 in travel you book through Chase TravelSM.
The Ink Business Preferred’s standard intro bonus was already one of the top welcome offers out there and this limited-time offer is even more enticing. Here’s what you need to know about the card’s benefits and eligibility requirements for this business credit card.
Ink Business Preferred® Credit Card
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Rewards
Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases
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Welcome bonus
Earn 120k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠
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Annual fee
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Intro APR
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Regular APR
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Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
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Foreign transaction fee
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Credit needed
Pros
- Free employee cards
- Points are worth 25% more when you redeem for travel through Chase TravelSM
- 1:1 point transfer to leading frequent travel programs
- No fee charged on purchases made outside the U.S.
- Generous welcome bonus worth up to $1,000
Cons
- $95 annual fee
- No introductory 0% financing offers for purchases or balance transfers
Chase Ink Business Preferred welcome bonus
- New offer: Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
- Old offer: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
The Chase Ink Business Preferred® Credit Card’s new welcome offer has the same spending requirement as the previous offer, but you can earn an additional 20,000 Chase Ultimate Rewards points. The extra points are worth at least $250 in travel, so if you’ve considered applying for this card, now is a great time to act.
After meeting the Ink Business Preferred’s $8,000 minimum spending requirement, you’ll have at least 128,000 Chase points in your account. You can cash those points out for $1,280 or redeem them for the same value in gift cards.
You can boost the value you receive by using your Chase points to pay for travel you book through Chase TravelSM because you’ll get a 25% boost in value with the Ink Business Preferred. This allows you to book $1,600 in flights, hotels, car rentals, cruises and more with your points.
There are also 14 Chase Ultimate Rewards 1:1 transfer partners you’ll have access to as an Ink Business Preferred cardholder. By taking advantage of the best each travel partner offers, you can dramatically increase the value of your Chase points. You could transfer 120,000 points to Air Canada Aeroplan and book a round-trip business-class flight (under 4,000 miles each way) from the U.S. to Europe on a Star Alliance airline such as United or Lufthansa. This type of ticket could easily cost $3,000 or more when paying with cash.
Chase Ink Business Preferred rewards
The Ink Business Preferred is an exceptionally valuable business card because it earns Chase Ultimate Rewards points and it earns lots of them for common business expenses. You’ll earn 3X points on the first $150,000 spent in combined purchases in select categories each account anniversary year, those categories are:
- Travel
- Shipping
- Internet, cable and phone services
- Advertising purchases with social media sites and search engines
You’ll also earn 1X points on all other purchases.
Chase Ink Business Preferred benefits
The card also has a strong list of travel and purchase protections. Eligible purchases qualify for:
- Trip cancellation and interruption protection
- Travel and emergency assistance services
- Rental car collision damage waiver
- Roadside dispatch
- Purchase protection
- Extended warranty protection
- Cell phone protection
This card has no foreign transaction fees and no additional fee for employee cards.
Who’s eligible for this offer?
To have the best chance at being approved for the Ink Business Preferred, you’ll need a good to excellent credit score. It’s also a small business card, so you’ll need some sort of business to qualify. However, that doesn’t mean it needs to be a full-time business, you may be eligible with a side hustle or freelance gig. For more details on how to apply, take a look at our guide on how to apply for a Chase business credit card.
Chase also has an unofficial 5/24 rule and if you have opened five or more credit cards from any bank in the past 24 months, you’re less likely to be approved for a new Chase credit card.
Alternative cards to consider
The Blue Business® Plus Credit Card from American Express
On the American Express secure site
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Rewards
Earn 2X Membership Rewards® points on everyday business purchases up to $50,000 per year, then 1X point per dollar
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Welcome bonus
Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
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Annual fee
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Intro APR
0% for 12 months on purchases from date of account opening
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Regular APR
18.49% – 26.49% variable; APRs will not exceed 29.99%
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Balance transfer fee
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Foreign transaction fee
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Credit needed
Business owners who can benefit from luxury travel perks will be interested in what the Capital One Venture X Business Credit Card offers. It has a massive welcome bonus and earns at least 2X Capital One miles on every purchase. Capital One miles transfer to 18 airline and hotel loyalty programs, such as Emirates Skywards, Turkish Miles&Smiles, Flying Blue (Air France and KLM) and Wyndham Rewards. It has a higher $395 annual fee, but every year you’ll get a $300 travel credit for bookings through Capital One Travel and 10,000 bonus miles on your card anniversary (worth at least $100 in travel). You also get airport lounge access, up to $100 in Global Entry or TSA PreCheck credit and no foreign transaction fees.
Capital One Venture X Business Credit Card
Information about the Capital One Venture X Business Credit Card has been collected independently by CNBC Select and has not been reviewed or provided by the issuer of the card prior to publication.
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Rewards
Unlimited 2X miles on all eligible purchases, and 5 Miles per dollar on flights and vacation rentals, and 10 Miles per dollar on hotels and rental cars when booked via Capital One Travel portal
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Welcome bonus
Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
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Annual fee
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Intro APR
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Regular APR
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Credit needed
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For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.