Link: Apply now for the Ink Business Preferred® Credit Card with 120K bonus points
The Ink Business Preferred® Credit Card is one of the best business credit cards out there. While this card has long had a generous welcome bonus, we’ve recently seen it improved even more. If you don’t yet have this card and are eligible, this is a fantastic time to apply. In this post I wanted to recap all the details.
In this post:
Chase Ink Preferred Card 120K bonus points offer
The Chase Ink Preferred Card has a welcome offer of 120,000 Ultimate Rewards points after spending $8,000 within the first three months. This is being marketed as a limited time offer, but we don’t have an end date.
Previously the card had a publicly available bonus of up to 100,000 points, so this is 20% bigger. Credit card welcome offers really do keep hitting new highs.
Personally I value Chase Ultimate Rewards points at 1.7 cents each, meaning the 120,000 points are worth $2,040 to me, which is massive. There are lots of great uses of Chase points, as they can be transfered to all kinds of useful airline and hotel partners.
Even if you don’t want to transfer the rewards to travel partners, the 120,000 points will get you at least $1,500 toward travel, or $1,800 toward travel in conjunction with the Chase Sapphire Reserve® Card (review).
Who is eligible for the Chase Ink Preferred Card bonus?
The Chase Ink Preferred Card has pretty straightforward eligibility requirements, and follows Chase’s general card application rules:
- Eligibility for the bonus on this card is unrelated to whether you have any other Chase card, including the other Chase Ink cards, like the Ink Business Cash® Credit Card (review) and Ink Business Unlimited® Credit Card (review)
- As a matter of fact, you can get multiple multiple Chase Ink Preferred cards for different businesses (and receive all the benefits, including the welcome offer, for each); so if you have one for a corporation, you could also apply for one for a sole proprietorship, and hold them concurrently
- This card may be subjected to Chase’s 5/24 rule, which is to say that you may not be approved if you’ve opened five or more new card accounts in the past 24 months (this excludes many business cards); however, there are increasingly data points that this rule is no longer consistently enforced
- It’s generally considered a best practice to not apply for more than one Chase business credit card every 30 days, so I’d recommend observing that limit when applying
While Chase business cards can be tough to get approved for, they offer such fantastic bonuses and perks, so it’s worth the effort, in my opinion. Furthermore, it’s nice how the eligibility requirements aren’t too strict in terms of qualifying for the bonus.
Read my guide to getting approved for the Chase Ink Preferred Card, and my experience getting approved for the Chase Ink Preferred Card.
Why the Chase Ink Preferred Card is worth it
The Chase Ink Preferred Card has a $95 annual fee, and offers all kinds of amazing perks that make it worth holding onto. Among other things, here’s what makes the card so valuable:
- The card has an amazing rewards structure, as it offers 3x points on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines (on up to $150K in combined purchases every cardmember year)
- The card offers a cell phone protection benefit, which can get you up to $1,000 per claim in cell phone protection against covered theft or damage (with a $100 deductible)
- The card offers primary rental car coverage, which can come in handy if you rent cars with any frequency
- The card offers valuable travel protection, in the event of irregular operations with your travel, delayed bags, etc.
- Having this card allows you to maximize the value of the amazing no annual fee Chase Ink cards; this allows you to create a great Chase card trifecta, making it easy to maximize points
Read my review of the Chase Ink Preferred Card.
Bottom line
The Chase Ink Preferred Card is one of the best business cards out there, and the card is currently offering its best bonus ever, allowing you to earn 120K points. If you’re eligible for the card, I’d highly recommend applying.
Not only does the card have a massive bonus, but it’s worth holding onto for the great rewards structure, excellent protection benefits, and the ability to maximize other cards in the Chase ecosystem.
Do you plan on picking up the Chase Ink Preferred Card with the current offer?
I got this card less than a month ago with 100k bonus. Is writing a secure message to them asking for the extra 20k point worth trying?
I mean it costs you basically nothing to reach out, worst they can do is say no.
@ Dave -- It can't hurt to try, so I'd definitely give it a shot. :-)
I got a response yesterday - no luck! They would not match.
I got this card last year in August. Since then, I’ve been under the 5/24 rule and haven’t had another Chase card. I’m curious if I can get the sign-up bonus (SUB) again if I cancel my current card and reapply for it after a few days. Has anyone tried this strategy recently, and did it work?
I got this card last year in August. I am under 5/24 and haven't had a Chase card since then.
Would I be able to get the SUB for this card if I cancel it and then get it again a couple of days later?
Got this earlier this year via my private banker. Glad everyone else gets it now. Got me to think about dropping my CSR since the only thing I would be missing out on is the extra .0025 when redeeming thru the portal.
My wife has had this card for a number of years. Can she downgrade it to a free chase business card and apply for this new offer and get the SUB?
I read that if you had just gotten approved recently, you can ask to have this offer applied to you instead of the 100k. I got approved last month, so I sent over a message and hopefully it works!
Referral offer is 100k… wonder if they will bump that up soon too. Would be nice to get 120k with the 40k referral before the big referral bonus ends in September.
This happened to me on another ink card and I was able to contact customer service who said they would honor the higher bonus once I've reached the required spend. I replied to their email once I reached the spend and I received the additional points a few days later.
Is this offer available to me if P2 refers me?
@ fedarko -- Often the referral offers are only loaded at a later point, so that could be the case here as well.
Ben,
Can you post an update when the bonus via referral is 120,000 points?
@ Paul B -- Yep, I'll try to provide an update! :-)
Are you allowed to refer to yourself (i.e. bonus will post) if you have a referral link and another ink card?
@ Gregg -- Based on what I've heard, that's generally not allowed and gets people in trouble.
Agreed, not yourself, but I've done a spouse with no issues.
Can I apply to this if I'm preapproved but I already have Ink Cash (got 9 months ago)? I'm becoming a landlord and could justify that as a business. Will I be subject to any card limits? Is Chase like Amex where they say you're preapproved but then prevent you from getting the sign up bonus with something similar to a 'pop up jail' message?
@ Trey -- You're absolutely eligible for the card if you otherwise have the Ink Cash, as Chase has no issues approving people for different kinds of business cards. Chase isn't like Amex when it comes to the pop-up issues that prevent earning the bonus. Let me know if you have any other questions. :-)