Chase Ink Business Preferred Offering 120K Welcome Bonus

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The all-time high intro offer for the Chase Ink Business Preferred® Credit Card is ending soon. You only have until 9 a.m. EST on Sept. 5, 2024, to earn 120,000 points after spending $8,000 in the first three months from account opening. This is an outstanding offer worth $1,200 in cash back or $1,500 in travel you book through Chase Travel^SM.

The Ink Business Preferred’s standard intro bonus was already one of the top welcome offers out there and this limited-time offer is even more enticing. Here’s what you need to know about the card’s benefits and eligibility requirements for this business credit card.

The Chase Ink Business Preferred® Credit Card’s new welcome offer has the same spending requirement as the previous offer, but you can earn an additional 20,000 Chase Ultimate Rewards points. The extra points are worth at least $250 in travel, so if you’ve considered applying for this card, now is a great time to act.

After meeting the Ink Business Preferred’s $8,000 minimum spending requirement, you’ll have at least 128,000 Chase points in your account. You can cash those points out for $1,280 or redeem them for the same value in gift cards.

You can boost the value you receive by using your Chase points to pay for travel you book through Chase Travel^SM because you’ll get a 25% boost in value with the Ink Business Preferred. This allows you to book $1,600 in flights, hotels, car rentals, cruises and more with your points.

There are also 14 Chase Ultimate Rewards 1:1 transfer partners you’ll have access to as an Ink Business Preferred cardholder. By taking advantage of the best each travel partner offers, you can dramatically increase the value of your Chase points. You could transfer 120,000 points to Air Canada Aeroplan and book a round-trip business-class flight (under 4,000 miles each way) from the U.S. to Europe on a Star Alliance airline such as United or Lufthansa. This type of ticket could easily cost $3,000 or more when paying with cash.

The Ink Business Preferred is an exceptionally valuable business card because it earns Chase Ultimate Rewards points and it earns lots of them for common business expenses. You’ll earn 3X points on the first $150,000 spent in combined purchases in select categories each account anniversary year, those categories are:

• Travel
• Shipping
• Internet, cable and phone services
• Advertising purchases with social media sites and search engines

You’ll also earn 1X points on all other purchases.

• Trip cancellation and interruption protection
• Travel and emergency assistance services
• Rental car collision damage waiver
• Roadside dispatch
• Purchase protection
• Extended warranty protection
• Cell phone protection

This card has no foreign transaction fees and no additional fee for employee cards.

To have the best chance at being approved for the Ink Business Preferred, you’ll need a good to excellent credit score. It’s also a small business card, so you’ll need some sort of business to qualify. However, that doesn’t mean it needs to be a full-time business, you may be eligible with a side hustle or freelance gig. For more details on how to apply, take a look at our guide on how to apply for a Chase business credit card.

Chase also has an unofficial 5/24 rule and if you have opened five or more credit cards from any bank in the past 24 months, you’re less likely to be approved for a new Chase credit card.

Business owners who can benefit from luxury travel perks will be interested in what the Capital One Venture X Business Credit Card offers. It has a massive welcome bonus and earns at least 2X Capital One miles on every purchase. Capital One miles transfer to 18 airline and hotel loyalty programs, such as Emirates Skywards, Turkish Miles&Smiles, Flying Blue (Air France and KLM) and Wyndham Rewards. It has a higher $395 annual fee, but every year you’ll get a $300 travel credit for bookings through Capital One Travel and 10,000 bonus miles on your card anniversary (worth at least $100 in travel). You also get airport lounge access, up to $100 in Global Entry or TSA PreCheck credit and no foreign transaction fees.

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For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.