Chase Ink Business Preferred Card Boosts Its Sign-up Bonus to 100,000 Points

Chase Ink Business Preferred Card Boosts Its Sign-up Bonus to 100,000 Points

For the first time in its history, the card is offering an elevated sign-up bonus

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small business owner using credit card

Chase Ink business credit cards are very sought after because of their benefits and low annual fees, and now there's another reason for business owners to apply for one: With the Ink Business Preferred℠ Credit Card you can New Offer! Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. These points can be redeemed for $1,250 worth of travel through the Chase Ultimate Rewards® portal.

Read on to learn more about the current Chase Ink Business card sign-up bonuses, whether you can qualify for them and our recommendations for some of the best ways to use the cards’ points.

A look at the new Chase Ink Business Preferred℠ Credit Card sign-up bonus

One of the more well-known business credit cards, the Ink Business Preferred℠ Credit Card is currently offering the following new sign-up bonus: New Offer! Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

If you are a small business owner, the Ink Business Preferred℠ Credit Card is an outstanding credit card for earning Chase Ultimate Rewards through business expenses. The card offers 3 points per $1 spent on a variety of business expenses (up to $150,000 in purchases per year) and a plethora of valuable benefits, including travel insurance and up to $600 in cell phone protection.

The minimum spending requirement for the sign-up bonus is lofty, but the points are valuable because of the wide variety of redemption options through Chase Ultimate Rewards. If you have a large purchase for your business coming up, this could prove a good opportunity to obtain a large sign-up bonus, while taking advantage of the card’s ongoing benefits.

Ink Business Preferred℠ Credit Card benefits

  • 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.
  • Points are worth 25% more when redeemed for travel through the Chase travel portal
  • Employee cards at no additional cost
  • Top-notch travel benefits, including trip cancellation/interruption insurance, roadside dispatch and auto rental collision damage waiver, which provides rental car insurance
  • Up to $600 per claim in cell phone protection against theft or damage when you pay your cell phone bill with the card
  • Purchase protection covers new purchases for up to 120 days against damage or theft
  • Extends the time period of the manufacturer’s warranty by an additional year on warranties of three years or less
  • $0

You will receive all of these benefits and points earning opportunities all for a reasonable annual fee of $95.

Offers for existing Chase Business credit cards

There are two more Chase Ink business cards to choose from — the Ink Business Unlimited℠ Credit Card and the Ink Business Cash℠ Credit Card.

Each card is considered a business cashback credit card, but each card has a unique earning structure. It is important to analyze each card for its cashback potential based on your business’s expenses. By picking the right card, you could earn a significant amount of cash back each year.

Ink Business Unlimited℠ Credit Card bonus

The Ink Business Unlimited℠ Credit Card bonus currently offers the following bonus: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. When you use the card, you will Earn unlimited 1.5% cash back on every purchase made for your business.

This product is a great solution for business owners who want to save on their business purchases without tracking reward categories.

Ink Business Unlimited℠ Credit Card benefits

  • Earn unlimited 1.5% cash back on every purchase made for your business
  • Introductory purchase APR of 0% Intro APR on Purchases for 12 months (then a 13.24% - 19.24% Variable APR applies). This is a great way to spread out payments on a large purchase without accruing interest.
  • Employee cards at no additional cost
  • Rental car insurance (auto rental collision damage waiver)
  • Travel and emergency assistance services
  • Roadside dispatch
  • Purchase protection
  • Extended warranty protection

The most alluring part of these benefits is that the Ink Business Unlimited℠ Credit Card has a $0 annual fee.

Ink Business Cash℠ Credit Card bonus

The Ink Business Cash℠ Credit Card sign-up bonus is identical to the Ink Business Unlimited℠ Credit Card. You will Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.. But while the sign-up bonus is equal, the earning structures are much different.

When you use the Ink Business Cash℠ Credit Card, rather than earning the same of cash back on every purchase, you earn bonus rewards in certain spending categories, such as office supply stores and restaurants.

Outside of the rewards structure, the Ink Business Cash℠ Credit Card mirrors the benefits of the Ink Business Unlimited℠ Credit Card.

Ink Business Cash℠ Credit Card benefits

  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
  • Introductory purchase APR of 0% Intro APR on Purchases for 12 months (then a 13.24% - 19.24% Variable APR applies). This is a great way to spread out payments on a large purchase without accruing interest.
  • Employee cards at no additional cost
  • Rental car insurance (auto rental collision damage waiver)
  • Travel and emergency assistance services
  • Roadside dispatch
  • Purchase protection
  • Extended warranty protection

There is a $0 annual fee with the Ink Business Cash℠ Credit Card, so all of your cash back you earn can be funneled back into your business.

How to use 100k Chase Ultimate Rewards points

Chase Ultimate Rewards are regarded as one of the most valuable travel rewards currencies for good reason: there are nearly endless opportunities to redeem Chase Ultimate Rewards for travel and other items.

RedemptionValue
Transfer your points to select airline and hotel programs at a 1:1 ratio.Depends on the program
Book travel within the Chase travel portal (includes flights, hotels, rental cars, vacation rentals and cruises)1.25 cent per point (25% raised value)
Apple Ultimate Rewards Store1 cent per point
Gift cardsVaries
Cash back1 cent per point

Since you will need to spend at least $15,000 in the first 3 months of card membership to obtain the bonus, at minimum, you will end up with 115,000 Chase Ultimate Rewards to spend in the following ways:

  • 115,000 points to your preferred airline program
  • $1,430+ towards travel through the Chase travel portal
  • $1,150+ in gift cards or cash back

There are several other ways to use Chase Ultimate Rewards, but they are best redeemed for travel by transferring them to Chase travel partners.

Chase business credit card eligibility

While these sign-up bonuses are worth grabbing if you can meet the minimum spend requirements, there are a few parameters to keep in mind before you apply.

Chase 5/24 Rule

Under the Chase 5/24 rule, you are excluded from being approved for any Chase credit cards if you have had five credit card approvals from any card issuer in the last 24 months. The rule, which is not publicly advertised by Chase, prevents consumers from signing up for credit cards to earn the sign-up bonus, and then canceling the card.

Requirements for business credit cards

You don’t need to own a large business or have an Employer Identification Number (EIN) to apply for a business credit card. Small business owners, including online resellers, freelancers, tutors, babysitters or rideshare drivers may be eligible to apply.

You may need to supply the following information on your application:

  • Legal business name
  • Business address
  • Type of business
  • Tax identification number
  • Annual business revenue
  • Years in business
  • Monthly business expenses
  • Personal income
  • Social Security number
  • Date of birth

Providing your Social Security Number means that you will be held personally responsible for paying the balance off each month. If you only provide an EIN when applying, the credit card company cannot hold you personally liable. Before applying for the Ink Business Preferred℠ Credit Card or any other business credit card, be sure to consider your business’s financial situation as well as your own.

Comparing Chase business cards

Here is a breakdown of the three Chase business credit cards:

Sign-up bonusRewardsAnnual fee
Ink Business Preferred℠ Credit CardNew Offer! Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.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.$95
Ink Business Unlimited℠ Credit CardEarn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account openingEarn unlimited 1.5% cash back on every purchase made for your business$0
Ink Business Cash℠ Credit CardEarn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.$0

Should you apply for a Chase business card?

A large sign-up bonus like the 100k offer for the Ink Business Preferred℠ Credit Card could be tempting to apply for. The offer is paired with a low annual fee and great card benefits, which makes it an outstanding offer for any business owner.

However, before you jump on this offer, make sure you can meet the $15,000 minimum spending requirement. This is a significant amount to spend in 3 months, requiring business planning and forecasting, and you shouldn’t overextend yourself just to earn points. If you aren’t able to pay your statement in full each month, the value of your points will decrease as you pay interest on the balance you owe.

Before you apply, be sure to plan ahead and analyze your business needs to see if a Chase business card makes sense for you.

The information related to the Ink Business Preferred℠ Credit Card, Ink Business Cash℠ Credit Card, and Ink Business Unlimited℠ Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Brett Holzhauer

Brett Holzhauer is ValuePenguin’s travel rewards expert, focusing on credit card rewards maximization, consumer travel trends, and personal finance news. He has earned and burned over 5 million points and miles throughout his travels, saving him roughly $75,000 in travel expenses.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).