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How would you like to score enough points for $1,125 in free travel? If you own a small business of any kind, even a side hustle flipping items online, you could qualify for the Chase Ink Business Preferred® credit card.
For a limited time, you can earn 90,000 points worth at least $1,125 for travel with a new account. Keep reading for the details so you can get started planning your free vacation.
Ink Business Preferred® Credit Card
- Our Rating 4.5/5 How our ratings work
- APR20.49% - 26.49% (Variable)
- Annual Fee$95
This fee includes extra cards for authorized users, such as employees, at no additional charge.
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Sign Up Bonus
90,000Chase Ultimate Rewards Points
Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $2,070 (90,000 Chase Ultimate Rewards Points * 0.023 base)
Those with travel and advertising expenses will like the high earning rates in these categories, plus cardholders can eke out even more value with fully transferable rewards through the Chase Travel℠ portal. One drawback is the modest annual fee, though many can offset this with the card’s earning potential.
Overview
This card offers a whopping 90,000 bonus points after you spend $8,000 in the first three months — with the card’s 25% bonus on travel booked through Chase, that’s worth $1,125. But you could potentially get more through one of the bank’s transfer partners. The rewards you earn from the Ink Business Preferred Card can be transferred to 10 different airline partners including United, Southwest, Virgin Atlantic, Singapore and British Airways, as well as hotel partners Hyatt, Hilton and Marriott.
Unlike the other two Ink Business cards, you can use this card to transfer your rewards directly to airline miles and hotel points. Travelers may also like this card’s cellphone protection policy that will cover up to $600 per claim.
Pros
- 3x points on 5 different categories (up to $150,000)
- Robust travel, purchase and cellphone protections
- Ability to earn transferable points to use on travel partners
- No additional charge for extra cards for additional authorized users
Cons
- $95 annual fee
- Businesses that don't spend on the category bonuses won't benefit
How to Get the Sign-up Bonus
Receiving the sign-up incentive from the Ink Business Preferred card is as easy as applying, being approved and swiping your card. Here's what you'll need to get started:
- Apply online as a guest online through Chase Bank's online application.
- Enter your personal information, such as your name, birthdate and Social Security number.
- Provide your business information, such as business structure, EIN, monthly income and expenses.
- Wait for a response. This could be instant or within a few days, though card issuers have up to 30 days to respond to your application.
- If approved, log into your Chase account to see the details of your sign-up bonus and the deadline to meet the contingencies.
- When you sign up for a new Ink Business Preferred card, you can earn 90,000 points worth $900 cash back or $1,125 in travel when redeeming through the Chase Travel℠ portal.
- To earn the sign-up bonus, you’ll have to spend $8,000 on the card in the first three months after opening a new account.
Compare Chase Ink Business Credit Cards
| Credit Card | Intro Bonus | Annual Fee | Rewards Rate | Learn More |
|---|---|---|---|---|
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$750Cash Bonus
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. |
$0 |
1.5%Cashback
Earn unlimited 1.5% cash back on every purchase made for your business. The advertised rewards type is cash back, but it’s important to note that you’re technically earning Chase Ultimate Rewards points (which can then be converted to cash back). |
Apply Now |
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$750Cash Bonus
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening |
$0 |
1% - 5%Cashback
Earn 5% cash back on your first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also offers you 2% cash back on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. |
Apply Now |
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90,000Chase Ultimate Rewards Points
Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $2,070 (90,000 Chase Ultimate Rewards Points * 0.023 base) |
$95
This fee includes extra cards for authorized users, such as employees, at no additional charge. |
1x - 3xPoints
Earn 3x points on the first $150,000 of combined spending in a number of key business categories |
Apply Now |
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$1,000Cash Bonus
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. |
$195 |
Up to 2.5%Cashback
Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases. |
Apply Now |
Earn 3X Points in Addition to the Sign-Up Bonus
While you’re earning the sign-up bonus and using the credit card for regular purchases, you’ll earn 3X points per dollar on shipping purchases, eligible online advertising purchases, internet, cable, phone services and travel. You can earn the 3X rate on up to $150,000 in combined annual purchases; then, you’ll earn the card’s regular 1X rate.
Points are worth one cent each when redeemed for cash back or 1.25 cents when redeemed for travel. If you also have a Chase Sapphire Reserve card, you can combine points for a 1.5 cent per dollar redemption value.
Ink Business Preferred Benefits
As a premium business credit card with a $95 annual fee, the card also comes packed with valuable purchase and travel coverage. Those include:
- Trip cancellation/trip interruption insurance
- Auto rental collision damage waiver (rental car insurance)
- Cell phone protection
- Purchase protection
- Extended warranty protection
This credit card may be worth keeping forever, thanks to cell phone protection. If your phone is damaged or stolen and paid for with this card, repairs or replacement are covered once you pay a $100 deductible. Due to an unfortunate incident, I just filed a cell phone protection claim last week.
Related Article
Chase Ink Business Card Guide: Which Card Should You Get?
What Can You Do With $1,125 in Free Travel?
I have a long travel bucket list and could quickly come up with ways to put $1,125 in free flights or hotels to good use. Once you earn the 90,000 point bonus, it’ll be time to pull out your travel list and book that trip.
It’s easy to book using the Chase Travel℠ portal—it offers an experience similar to any major travel comparison site. Savvy users often transfer rewards points to partner airlines or hotels to redeem for even more value. The Ink Business Preferred bonus is enough points for many U.S. destinations and can get you on track to a trip to nearly anywhere in the world.
Related Article
Chase Travel Rewards: Guide to Chase Ultimate Rewards
FAQs
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Capital One and Chase Ink are big names in the credit card space. The comparison between the two could be quite extensive because both card lines have several offerings, with each card having different reward categories. However, Capital One and Chase Ink offer incentives such as cash-back rewards, sign-up incentive offers and specialized rewards categories.
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The perks of a business credit card extend past just the rewards you receive from your spending. Some perks of business cards include a credit line for your business to finance big purchases, opportunities to earn cash-back rewards and purchase protection.
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No, the Ink Business Preferred credit card is not metal—it is plastic.
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While business credit cards can be an asset to your company, when not used properly they can pose some disadvantages including negatively impacting your personal credit and high-interest fees on unpaid balances.
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Eric Rosenberg
Eric Rosenberg is a finance, travel, and technology writer in Ventura, California. He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. He has in depth experience writing about banking, credit cards, investing, business, and other financial topics. When away from the keyboard, Eric enjoys exploring the world and spending time with his wife and little girls. You can connect with him at Personal Profitability or EricRosenberg.com.
