Earn $1,250 Back After Spending $8,000 With This Credit Card
KEY POINTS
- The Ink Business Preferred® Credit Card from Chase is a small business credit card with an extremely lucrative welcome bonus.
- While the welcome bonus requires $8,000 in spending within 3 months, it can be worth $1,250 (or more) when redeemed for travel.
- The Ink Business Preferred® Credit Card also has an excellent rewards program with bonus categories designed for businesses.
The Ink Business Preferred® Credit Card is a credit card product from Chase that is designed for small business owners. It has a $95 annual fee and some excellent benefits and rewards that can more than justify its cost for the right entrepreneurs.
Plus, the Ink Business Preferred® Credit Card has one of the most lucrative welcome offers on our radar, and you might be surprised at how much it's worth. Here are the important details about the welcome bonus, why it could be worth more than you think, and some of the reasons to not only apply for, but to keep and use the card for the long term.
On Chase's Secure Website.
= Best
= Excellent
= Good
= Fair = Poor
= Best
= Excellent
= Good
= Fair = PoorOn Chase's Secure Website.
Good/Excellent (670-850)
Intro APR N/A
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.24%-26.24% Variable
Rewards Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.
Earn 3 points per $1 in select business categories
Annual Fee N/A
$95
Welcome Offer Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Earn 100,000 bonus points
-
This business card gets you access to the Chase Ultimate Rewards ecosystem, and you'll start with 100,000 Ultimate Rewards points by qualifying for its eye-popping welcome bonus. Earning 3x points per $1 on popular business expenses means you can cover your bills and be generously rewarded in the process. Read Full Review
-
- Huge sign-up bonus
- Advertising rewards
- Shipping rewards
- Cell phone protection
- Flexible travel points
- Card perks
- Annual fee
- No intro APR offer
- Spending minimum for sign-up bonus
-
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel℠
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
The Chase Ink Business Preferred welcome bonus
I won't keep you in suspense. The Ink Business Preferred® Credit Card has a welcome bonus of 100,000 Chase Ultimate Rewards points after spending $8,000 on purchases within the first 3 months.
Of course, this is a rather high spending threshold compared to some other credit cards, but many small businesses spend heavily on things like travel, shipping, and office supplies, so it might be easier to achieve than you think, if you get strategic about how you pay for business expenses.
The default value of the rewards points (for cash back) is $0.01 per point, so you can get $1,000 cash back from the bonus -- plus whatever points you would earn normally for spending $8,000.
However, if the points are redeemed for travel through the Chase Travel portal, they get an additional 25% in value (so, $0.0125 per point). This effectively makes the bonus worth $1,250 toward travel purchases like flights and hotel stays.
Points can also be transferred to a variety of hotel and airline partners, and it's possible to extract even more value this way.
Benefits and features of the Chase Ink Business Preferred
You can read our full Ink Business Preferred® Credit Card review for a thorough rundown of its benefits, but here are the key things to know about:
The Ink Business Preferred® Credit Card has an excellent rewards program, earning 3 points per $1 on travel, shipping, online advertising purchases, and on internet, cable, and phone services. This rate applies to as much as $150,000 in purchases per year. It earns 5 points per $1 on Lyft rides through March 2025 and 1 point per $1 on everything else.
The card offers several travel and purchase protections, including cellphone insurance for any employees listed on your phone bill that is paid with the card.
If you spend a lot of money in the card's bonus categories, the rewards could easily justify the $95 annual fee several times over.
On Chase's Secure Website.
= Best
= Excellent
= Good
= Fair = Poor
= Best
= Excellent
= Good
= Fair = PoorOn Chase's Secure Website.
Good/Excellent (670-850)
Intro APR N/A
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.24%-26.24% Variable
Rewards Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.
Earn 3 points per $1 in select business categories
Annual Fee N/A
$95
Welcome Offer Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Earn 100,000 bonus points
-
This business card gets you access to the Chase Ultimate Rewards ecosystem, and you'll start with 100,000 Ultimate Rewards points by qualifying for its eye-popping welcome bonus. Earning 3x points per $1 on popular business expenses means you can cover your bills and be generously rewarded in the process. Read Full Review
-
- Huge sign-up bonus
- Advertising rewards
- Shipping rewards
- Cell phone protection
- Flexible travel points
- Card perks
- Annual fee
- No intro APR offer
- Spending minimum for sign-up bonus
-
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel℠
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Is it right for you?
The Ink Business Preferred® Credit Card offers one of the most generous welcome bonuses we've seen, especially at its $95 annual fee price point. Of course, it's not necessarily a good idea to apply for a new credit card just for the welcome offer, but this is a credit card that has an excellent rewards program with bonus categories specifically designed to generate value for small businesses. It could certainly be worth a closer look if your business spends enough money to qualify for the welcome bonus.
Alert: our top-rated cash back card now has 0% intro APR until 2025
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.
Our Research Expert
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina, and has been writing about personal finance since 2011.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
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