Chase Ink Preferred’s Mega 80,000 Point Signup Bonus And Versatility Are Why You Should Apply For The Card Today

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Chase Ink Preferred Card

Signup bonus:

The Chase Ink Preferred Card comes with a mega signup bonus of 80,000 Chase Ultimate Rewards points for opening the card and spending $5,000 in 3 months. Those points are worth a minimum of $800 cash back or $1,000 towards paid travel, but they can be worth much more as shown below.

No other card offers that many Chase Ultimate Rewards points for signing up. The next closest is Chase Sapphire Preferred at 60,000 points.


Annual fee: 

There is a $95 annual fee for the primary card and no annual fee for additional cardholders.


Signup bonus terms: 

  • You might not be approved for this card if you have received a signup bonus on an Ink Preferred card for the same business within the past 24 months, but you can get approved and if you are approved you will get the signup bonus.
  • You can get approved and get the signup bonus for this card for multiple businesses.
  • You can get approved and get the signup bonus for this card even if you have other Chase Ink cards.

Business card and 5/24 info:

This is a business card, but you may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.

If you have business paperwork you can apply under your business name. Otherwise, it’s critical to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork. You can then send in bills in your own name for verification.

If you’re like me and you run more than one business, you can signup for multiple of the same card for each business to manage each businesses expenses separately.

All Chase cards appear to be subject to 5/24 restrictions, meaning that you are not likely to be approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Note that the Chase system automatically counts cards like authorized user cards and store cards as cards that count towards 5/24, but if you explain to Chase that those cards are merely authorized user cards or store cards they can manually approve you for a new card. You can check your credit report for free at the federally authorized annualcreditreport.com to check how many accounts are shows as being open in the past 24 months.

However, it’s important to note that business cards from most banks, including Chase business cards, do not get added to your 5/24 count of recently opened cards. That’s because business cards from most banks don’t show up on your personal credit report and the 5/24 count is based off of your personal credit report. That means that applying for these cards won’t “hurt” your 5/24 count.

Another benefit of the card not reporting on your personal credit report is that when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month. On an business cards from banks like AMEX and Chase it’s just not reported, so you can wait until the money is due without it having a negative effect on your score. That also means if you close the card, it won’t have an effect on your credit score.


Card earnings: 

  • 3 points per dollar on travel, including airfare, hotels, car rentals, cruises, subways, trains, taxis, tolls, parking, Airbnb, Lyft, Uber, etc.
  • 3 points per dollar on internet, cable, and phone services. This includes streaming service like Netflix and more.
  • 3 points per dollar on shipping purchases.
  • 3 points per dollar on search engine and social media advertising. This includes AWS hosting and more.
  • Max of $150,000 of annual spending in bonus categories.
  • 1 point per dollar elsewhere.
  • There are no foreign transaction fees.

Spend Threshold:

You’ll need to spend $5,000 on this card within 3 months.

You can pay your federal taxes for a 1.87% fee. If you overpay your taxes you can request a refund or apply it to your next year’s taxes.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.


Cell Phone Protection:

If you pay your cell phone bill on the card you cell phone will be insured from damage, theft, or involuntary and accidental parting until the end of the calendar month following the payment.

This benefit covers claims up to $600 and there is a $100 deductible for claims. You do not need to pay for the phone on this card to file a claim.

You can file up to 3 claims per 12 month period.

This card offers triple points for cell phone bills, making it a good value for your monthly bill thanks to the insurance.


Other card benefits:

  • Primary rental car CDW insurance in every country, when the rental is for business purposes.
  • Primary rental car CDW insurance in every country outside of the US, when the rental is for personal purposes. Rentals without a business purpose in the US have secondary coverage.
  • Extended warranty adds a year of coverage, up to $10,000 per claim.
  • Purchase protection for items damaged or stolen within 120 days, up to $10,000 per claim.
  • Trip Delay Reimbursement covers $500 per person for reasonable expenses (Hotel, food, toiletries, medicine, etc) required for delays more than 12 hours.
  • Trip Cancellation/Trip Interruption Insurance covers $5,000 per trip or $10,000 per trip with multiple travelers.
  • Travel Accident Insurance covers $500,000 per person.
  • Lost Luggage Insurance covers $3,000 per person per trip (limit of $500 per person for jewelry, watches, electronics)
  • Baggage Delay Reimbursement covers $100 per day per person (max of 5 days) for essential items needed (Clothing, toiletries, charger, etc) for delays more than 6 hours.

Increased points value:

If you or someone in your household has an Ink Preferred card you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.25 cents towards paid travel.

If you have a Sapphire Reserve you can get a value of 1.5 cents per point towards paid travel.


Airline and hotel points transferability:

If you or someone in your household has an Ink Preferred card you can transfer Chase Ultimate Rewards points into valuable airline and hotel mileage currencies.


Product changes options:

You can call Chase to convert between an Ink Preferred card to either of the following cards:

Note that some reps will only allow card conversions after you have had the card for 12 months.

Those cards also have strong benefits.

The Ink Cash Card earns 50K points for spending $3,000, 5 points per dollar on $25K in annual cable, internet, phone, and office supply purchases, plus 2 points per dollar on $25K in annual dining and gas purchases.

The Ink Unlimited Card earns earns 50K points for spending $3,000, plus 1.5 points per dollar everywhere.

However those no annual fee cards cant transfer points into airline miles or hotel points without a Chase Ultimate Rewards card that has an annual fee. Plus they don’t get a bonus for travel redemptions.

As the no annual fee cards have a smaller signup bonus, it can make sense to signup for Ink Preferred and then make a product change to one of the no annual fee cards down the line.  If you later decide you want to take advantage of the benefits of the Ink Preferred card you can convert it back to that again.


Visa Savings Edge:

All Chase Ink cards are eligible for additional cash back via Visa Savings Edge.

That means you can earn points plus cash back at ParkWhiz, Budget, Chevron, AutoZone, Boost Mobile, MGM hotels, Wyndham hotels, and more.


Killer Combos:

Stacking multiple Ultimate Rewards cards together can supercharge your earnings by getting you more points per dollar while increasing the value of all your points.

Read more about this strategy in depth in this post.

This list will be customized for the Ink Preferred.

Chase Bifecta would consist of a household that has the Ink Preferred and the Ink Unlimited or Freedom Unlimited. The total effective annual fees would be either $95. With the Ink Preferred you would earn 3 points per dollar on travel, internet, cable, phone, shipping, and more. With an Unlimited card you would earn 1.5 points per dollar everywhere. Either way you’ll be able to transfer all of your points into airline miles or hotel points, but with the Ink Preferred you can also use the points with a value of 1.25 cents each towards travel.

Chase Trifecta adds a no annual fee card like Ink Cash or Chase Freedom into the mix, so your total effective annual fee will still be just $95. Both of those cards give options to earn a whopping 5 points per dollar in various categories on top of the 3 points per dollar that the Ink Preferred offers and the 1.5 points per dollar everywhere else with an Ink Unlimited or Freedom Unlimited card.

Having all 3 Chase Ink cards means you can take advantage of bonus points on all purchases that you make while not having any effect on your personal credit.

Chase Quadfecta would add both the Ink Cash and Chase Freedom on top of a Ink Preferred card and an Unlimited card, so your total effective annual fee will still be just $95.

Chase Quinfecta would add either the Sapphire Preferred or Sapphire Reserve to that mix, adding $95 or $150 to the additional effective annual fee after the Sapphire Reserve travel credit. This will add either double or triple points on dining, plus with Sapphire Reserve would make your points worth at least 1.5 cents each.

Again, all of these cards don’t need to be in one person’s name. 2 people from the same household can split up the requisite cards that make up the Quinfecta, as they can transfer the Ultimate Rewards points back and forth between themselves freely and they can add each other as an authorized user on their cards!


Airline transfer partners:

You can transfer points at a 1:1 ratio to:

  • United (Star Alliance)
  • Singapore (Star Alliance)
  • Air France/KLM Flying Blue (Skyteam)
  • British Airways (OneWorld)
  • Aer Lingus (OneWorld)
  • Iberia (OneWorld)
  • Emirates
  • JetBlue
  • Southwest
  • Virgin Atlantic

Hotel transfer partners:

You can transfer points at a 1:1 ratio to:

  • Hyatt
  • IHG
  • Marriott

The great thing about Chase Ultimate Rewards is how versatile and valuable they are:

The Ink Preferred and Sapphire Preferred cards allow you and anyone in your household to transfer Chase points into miles. They also allow you to use points at a value of 1.25 cents each towards travel.

The Sapphire Reserve also allows you and anyone in your household to transfer Chase points into miles. Plus it allows you to use points at a value of 1.5 cents each towards travel.

The fixed value is excellent and doesn’t require hunting down award space, but those points can be much more valuable by transferring them into airline miles or hotel points.

  • If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, ParisSydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-30K points to Hyatt to do that, a value of up to 6 cents per point.
  • If I need a one-way flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 7.5K points to British Airways to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
  • If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 24K points with the Ink Preferred card’s minimum redemption value of 1.25 cents per point
  • If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 110K or 120K points to Virgin Atlantic. That’s a value of up to 23 cents per point.
  • If I want to book a $2,281 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 182K points with the Sapphire Preferred card’s minimum redemption value of 1.25 cents per point, plus I’ll earn miles for more future travel as it’s considered a paid flight instead of an award flight.
  • And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.

 


Will you signup for the Chase Ink Preferred card?

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132 Comments On "Chase Ink Preferred’s Mega 80,000 Point Signup Bonus And Versatility Are Why You Should Apply For The Card Today"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

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Miriam

I changed lately my spending from the freedom unlimited to ink unlimited in order not to have high balances on my name.
On my last statement i got a message printed by the end:
“IMPORTANT NEWS
Your account is a business account, to be used only for business transactions.
It is not intended for personal, family or household purposes.”

Anything to worry? Shutdown Etc.
Thanks Dan for your great work!

Joe

So why signup today?

S

I know this is somewhat stupid, but since there were times you could get 100k-120k points for this, makes me want to wait it out longer. There’s usually a warning before pulling an offer anyway, right?

anonymous

Dan- how frequently can you product change a year? would the product change be instantaneous so you can convert or would you have to wait for them to mail you new card?

Jonathan

I have this card already thanks dan! But I’d be interested in getting another im a sole proprietor would I be able to apply for another card with the same ssn?

HY

Will they lower the bonus without warning? From your experience do u think they will lower it?

Toby

Hi Dan,

By applying for the ‘Ink Business Cash℠ Credit Card’ and the ‘Ink Business Unlimited℠ Credit Card’ ‘Together’, you got 100,000 Ultimate Rewards points, without paying any yearly fee and spending together just 1000$ more[$3000 + $3000 instead of $5000 for the chase Ink Preferred card]. that means approx 30,000 Ultimate Rewards points more!

Nick

How do you apply to 2 cards ‘together’?

Sk

Can I close the account today, and reapply in a week?

Alvin

If I will not be using this card for any of the 3 point categories (only using for purchsing electronics online), is this still the best card? Might it make more sense to get a card with no annual fee and a different reward-per-dollar-spent?
Thanks!

weiss

apply – and downgrade it to ink cash or unlimited

Ari

Can I transfer these to chase sapphire reserve card?

David

Cell Phone Protection: would I be covered even I have a prepaid line and pay it on the card , or it must be thru a plan ?

David

Thanks Dan! Just got approved and this will re-energize my sapphire reserve benefits…

Chaim

If one already has an Ink unlimited or cash, can you downgrade a preferred to unlimited/cash?

Mike

Hi Dan, its unrelated question.
Have you ever heard of a chase business debit card having card benefits like purchase protection, car rental insurance. Because I got my new Chase business debit card today and it came with the card benefit package and I called in three departments to verify I indeed have these benefits and all of them said yes I have it…

Edge

There is no such thing on debit cards. Dan can definitely clarify that.

weiss

all travel benefits like trip delay and baggage delay – is only for business travel ?

fjdo

Can I get this card if I got approved for the Sapphire Preferred w/in past 24 mo.?

Allen

If I got approved does that mean I’ll get the 80K bonus. or can i be approved yet not get a bonus? i ask this because I had experience where i was approved for Amex but when it came to the bonus they said hey you can’t get it.

sam

Why now? this signup bonus has been around quite some time.

Yitschak Livni

I have the Sapphire Preferred. Never used the points. I’d like now to buy r/t airline tickets for a trip from East Coast USA to Israel. Can someone please help me understand how to do this to maximize my value (at least 1.25 cents/point)? Thanks All!

esther12

Dan, am i able to downgrade sapphire reserve to a no annual fee card? also would you say the difference in annual fee ($55) between reserve and preferred is worth more then 0.25 cents p/mile redemption value? we travel a few times a year but nothing major.
thanks

Torah613

@dan I just applied for the card and I got a message from Experian ID notify that there is a new inquiry…. I thought the business card does not hit your personal credit?

Adam

I have an ink business cash can I apply for this card and ink unlimited for 130k? Under my business with my ssn as a sole prop and it not affecting my credit?

moish

If I am a sole proprietor, sign-up for the preferred, receive its bonus and then downgrade to an ink unlimited, will I be able to sign-up, again as a sole proprietor, for a new ink unlimited and receive its bonus?

Sim

Dan how are the chances getting this card with not good credit

Sole proprietor

I applied for the card as a sole proprietor but I didn’t put my name. Instead I wrote a business name and they want paperwork. Can I just apply again with my name?

Ari

@Dan,

I have the INK Business Plus A”H. Can/should I product change for the bonus?

mh

am i getting this right if i downgrade (say to the ink cash) I’m then not able to get the bonus points for ink cash?

or if i open another ink cash I’ll get bonus points anyway?

Sol Lemon

Is it hard to get approved for this card? is an average credit score enough?

R\' Yid

If I apply now for the preferred and then downgrade it to the ink unlimited, will I still be able to get the signup bonus on the ink unlimited?

Ari

Dan, do I need to be an additional to my spouse’s account in order to move points from one account to the other?

anonymous

Dan- if you sign-up mid-month, 11/7/19, would the 24-month clock restart 11/8/21 or 12/1/21? thanks.

Alvin

“It’s critical to just write your own name as the business name” on the application, do you mean in the spot where it says Legal Name of Business or Business Name on Card?

Dave

Both

Ari

Can you product change even if you are at 5/24?

jay

how long would u recommend waiting to apply for another biz card (sole proprietor)?

Honest

Dan, do cc company’s take issue w personal spend on business cards? Or do they say you can’t for legal purposes? I would like to know as I am only ok w doing it if they are. If they don’t let it may be stealing if for example you get 5X points on phone bills..

ROYA

Approved after 2.5 hrs of reconsideration!! Including hold times

tyh

hey a quick Q if someone in household has the Saphire reserve or preferred can i also transfer miles to then transfer into an airline milege direct or as u stated only the ink preferred
thanks dan and jj u guys are blessed

justmeha

yes you can use the sapphires to transfer as well

tyh

thnaks

Chaim

Dan,

Is 3 months enough time to apply for a second buisness card?

I don’t use the first much, is that an issue?

Thank you in advance!

GB

I have a Sapphire Reserve. It I get the Ink Preferred as a Business Card can I transfer the 80,000 to the Sapphire Reserve? Also is there any value in using the Ink Preferred after the initial $5,000 is met, or is it better to just use the Sapphire Reserve for all purchases? Thank you.

ROYA

Everyday spending should be done on freedom unlimited..

Chaya

How long does it take to get approved for this card ?

YAM

Hi Dan i sighned up for this card they told me in chase bank that it does affect my credit and like wise when i shut it down is this true?

Cee

Why can’t I put my Business name and EIN number on the application. ? How does it benefit me just to put my own name and SSN?

Paul

Dan, I am retired and have an LLC with all of the paperwork, federal ID, etc. As a consultant who just works locally, my problem is that I don’t have a lot of monthly business expenses. I have a home office that I detail when doing my federal taxes, so I could charge to this card cell phone bills, cable/internet, heating & electric, some home maintenance, etc.
Do you have user feedback about Chase flagging new cardholders for some level of personal spending in the first three months to hit the bonus threshold?
Also, I have Freedom Unlimited and the Reserve cards.
Thanks.

yungermanchik

Dan Do Bonus points disappear if you downgrade a card before 12 months? Does it create a “red flag”? In other words is there any problem with opening a card hitting the bonus then downgrading, thereby avoiding 3/4 of the annual fee? (this time it’s relevant to the post)

Menachem

Any idea when this will end? I need to wait a bit to reach the spending threshold as im trying to reach it on other cards! 🙂

Happy

Hi Dan, thanks for everything! If I have a business but I personally don’t have best credit score like 600-700 can I get approved for this card for my business?

Starting to get the hang of this

I have an ink cash and two sapphire preferred cards (me and my husband). I also have Amex everyday card but I quickly maxed out on the groceries limit. Would love to get this 80k bonus. Should I downgrade one sapphire preferred card to Freedom or freedom unlimited (which do you recommend) and add this one? At what point can I downgrade this ink preferred to an ink cash to avoid the $95 fee?

EB

Primary rental car CDW insurance in every country outside of the US, when the rental is for personal purposes. Rentals without a business purpose in the US have secondary coverage.

How do they verify if it was personal or business use? Trust?

jake

is there any place i can buy amazon gift cards and still receive 3% (i.e. a store that sells gift cards but comes up as travel? thanks!

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