The Ink Business Preferred℠ Credit Card was just introduced last year (and is Chase’s big competitor to the American Express® Business Gold Card), and is one of the all around most compelling business cards. The card offers a welcome bonus of 80,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months of account opening. I consider that to be the single best credit card welcome bonus out there at the moment.
The card also offers a great return on spend, as it offers triple points in the following categories:
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
You earn triple points on the first $150,000 spent in combined purchases in the above categories each account anniversary year (which means they’re not using a January 1 through December 31 calendar, but rather it’s based on when you signed up).
On top of that, the card comes with perks like primary auto rental collision damage waiver coverage, trip cancellation and interruption insurance, and a fantastic cell phone protection benefit, just to name a few of the benefits.
In addition to the great welcome bonus, for a limited time Chase is offering an increased referral bonus for cardmembers who refer their friends to the card. You can earn up to 20,000 bonus Ultimate Rewards points for each person you refer to the Ink Business Preferred℠ Credit Card, for a total of up to 100,000 bonus points after five referrals.
That’s a huge referral bonus, as typically Chase offers at most 5,000-10,000 points per referral. To refer a friend to this card, visit the Chase refer a friend website, where you’ll be asked to enter your last name, zip code, and the last four digits of your card, and then you’ll be able to generate referrals.
Personally I have the Ink Business Cash℠ Credit Card, which I love, though it doesn’t seem to have a referral bonus at the moment. Some with this card report being able to offer referrals for the Ink Business Preferred℠ Credit Card.
If you’re considering applying for either of these cards (or if you’re referring friends), keep in mind that these cards are subjected to Chase’s 5/24 rule, so you typically won’t be approved if you’ve opened more than five new accounts in the past 24 months.
Happy referring (and applying)!