Chase Ink Business Preferred Review: 100K Bonus Points & 3x Categories

Chase has announced a limited-time promotion for its Ink Business Preferred credit card, offering a 100,000 Ultimate Rewards point bonus after spending $8,000 within three months, along with enhanced earning categories that provide 3x points on key business expenses.

The Chase Ink Business Preferred card is offering a welcome bonus of 100,000 Ultimate Rewards points, valued at approximately $1,700, after an $8,000 spend within three months. The card has a $95 annual fee and provides 3x points in categories including travel, shipping, internet, cable, phone services, and social media or search engine advertising. Points can be redeemed for travel at up to 1.75 cents each or transferred to various airline and hotel loyalty programs. The card has a cap of $150,000 in combined spending per year for earning 3x points, and it does not charge foreign transaction fees. The promotion is currently active and available to new applicants, with details on eligibility still to be confirmed by Chase.

Why It Matters

This development makes the Chase Ink Business Preferred card more attractive for small business owners and entrepreneurs, offering valuable rewards with a relatively low annual fee. The 100K bonus points can significantly boost rewards earnings, while the enhanced categories align with common business expenses, potentially increasing profitability for cardholders. The promotion could influence business credit card choices and reward strategies in the coming months.

Background

The Chase Ink Business Preferred has long been regarded as one of the top small business credit cards due to its combination of a generous welcome bonus, versatile rewards, and reasonable fee. Prior to this promotion, it already offered 3x points in key categories and transferability of points to airline and hotel partners. This latest offer appears to be a strategic move by Chase to attract new business customers amid increased competition in the small business credit card market, where issuers are competing with higher bonuses and more flexible rewards.

“This limited-time promotion underscores our commitment to providing valuable rewards and flexible options for small business owners.”

— Chase spokesperson

“The 100K bonus and 3x categories make the Ink Business Preferred a strong contender for small businesses looking to maximize rewards with a low annual fee.”

— Industry analyst

What Remains Unclear

It is not yet clear how long the promotion will last or whether Chase will extend or modify the offer. Details about eligibility criteria and whether existing Chase customers can participate are still to be confirmed. Additionally, the impact of this promotion on Chase’s overall card portfolio remains to be seen.

What’s Next

Chase is expected to monitor the promotion’s performance and may announce extensions or new offers. Prospective applicants should check Chase’s official channels for updates and apply before the promotion ends. Further details on eligibility and potential restrictions will be clarified by Chase in the coming weeks.

Key Questions

How do I qualify for the 100K bonus?

You need to spend $8,000 on purchases within the first three months of account opening to qualify for the bonus.

What categories earn 3x points?

Travel, shipping, internet, cable, phone services, and social media or search engine advertising are the key categories offering 3x points.

Is there a cap on earning 3x points?

Yes, the maximum amount of spending that earns 3x points per year is $150,000 in combined category spending, based on a rolling 12-month period.

Can I transfer points to airline or hotel programs?

Yes, Ultimate Rewards points earned with this card can be transferred at a 1:1 ratio to over a dozen airline and hotel loyalty programs.