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It was almost exactly a year ago when I finally managed to get my hands on the Ink Business Preferred® credit card and I have to admit that when I saw that I had been approved, I was probably a little more excited than a grown adult should be about something as simple as a credit card.
The fact is, however, that I had wanted the card for some time and I had started to worry that the amazing 100,000 bonus point welcome bonus that the card was offering would disappear before I could get approved.
Fortunately, the huge bonus stuck around (I locked it in within weeks of getting the card) but rather surprisingly, it still hasn’t been pulled. You can still earn a 100,000 bonus with the Ink Business Preferred® credit card.
The card in brief
Annual fee: $95
Cost of additional/employee cards: $0
Current welcome bonus: Earn 100,000 Chase Ultimate Rewards points after you spend $15,000 on purchases in the first 3 months after you open a new card account (more details).
Earnings: The Ink Business Preferred® Credit Card earns 3 points per dollar on the first $150,000 spent in combined purchases in the following categories each anniversary year:
- Shipping purchases
- Internet, cable, and phone services
- Advertising purchases made with social media sites and search engines
- Cardholders earn 1 point per dollar on all other transactions and on all transactions above the $150,000 yearly maximum.
- Primary auto rental cover
- Cell Phone protection
- No foreign transaction fees
- Trip Cancellation/Trip Interruption Insurance
- Purchase protection
- Extended warranty protection
- Roadside dispatch
- Transfer points to 11 airline partners and 3 hotel partners in a 1:1 ratio (details)
- Get 1.25 cents/point in value when you spend your points on travel through the Chase Ultimate Rewards portal
In brief, however, these are just some of the reasons why I love this card:
- The welcome bonus is fantastic. Even if you value Ultimate Rewards points as low as 1.25 cents each* (the value you can get out of each point when booking travel through the Chase portal), this bonus is worth $1,250.
- The earning rates are strong and the travel spending category (in which this card pays out 3 points/dollar) is so broad that I’ve yet to find an example of a travel expense that doesn’t qualify for the boosted earnings.
- The Ink Business Preferred® credit card is one of just two cards that cost under $100 to hold and that can make a number of no annual fee Chase credit cards even better than they already are (the other card is the Chase Sapphire Preferred® credit card). All the details of how this works can be found in this card’s full review but suffice it to say that if you value Ultimate rewards points at 1.5 cents each (as I do), the Ink card can turn a no annual fee card into a card that offers effective rebates of up to 7.5% in select spending categories.
- The primary rental car cover and the cell phone cover are both great benefits to have and when you consider that they’re being offered in exchange for an annual fee of just $95, that seems like great value.
Overall, this is by far and away my favorite Chase Business credit card as it pairs a low annual fee with strong earning rates and great benefits. When you add to that the fact that it’s also still offering a 100,000-point welcome bonus, it becomes a card that’s almost impossible for a miles & points fan to ignore.
*I don’t know of anyone who values Ultimate Rewards points at a level that’s this low.
The history of credit card welcome offers teaches us that fantastic deals don’t usually hang around for very long and that once they’re gone, they often don’t return (remember the 100,000 offer that came with the Chase Sapphire Reserve® credit card?) so the fact that this bonus is still available astounds me.
As I thought that the 100k offer would be pulled before 2022 rolled around I’m clearly not the right person to speculate on when Chase will decide to revisit the Ink Business Preferred’s welcome bonus but as a very happy cardholder, I’m in a good position to say just how great I think this card is. In fact, if a draconian new rule was ever brought in that limited us to just one business card (across all card issuers), this would probably be the card that I would choose.