TL;DR

Chase has announced a limited-time offer for the Ink Business Preferred card, providing a 100,000 Ultimate Rewards point bonus after $8,000 spend and 3x points in select categories. The card remains a strong choice for small businesses seeking rewards and perks at a low annual fee.

Chase has announced a promotional offer for the Ink Business Preferred® Credit Card, providing new applicants with a 100,000 Ultimate Rewards point bonus after spending $8,000 within three months, along with increased earning rates in key categories. This development makes the card more attractive for small business owners seeking high-value rewards and versatile benefits.

The Chase Ink Business Preferred offers a welcome bonus of 100,000 Ultimate Rewards points, valued at approximately $1,700, after spending $8,000 within the first three months. The card has a $95 annual fee, which is relatively low for a premium business card, and allows adding employees at no extra cost. It earns triple points on categories such as travel, shipping, internet, cable, phone services, and social media advertising, with a cap of $150,000 in combined spending per year for the bonus categories. Additionally, the card has no foreign transaction fees, making it suitable for international use. The points can be redeemed for travel at up to 1.75 cents each or transferred to over a dozen airline and hotel loyalty programs.

Why It Matters

This update enhances the appeal of the Chase Ink Business Preferred for small businesses looking for high rewards potential at a modest annual fee. The 100,000-point bonus and 3x category earnings can significantly boost rewards accumulation, especially for businesses with expenses in travel and advertising. The offer is likely to increase competition among business credit cards, prompting other issuers to adjust their rewards structures.

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Background

The Chase Ink Business Preferred has been a popular choice among small business owners for its combination of high rewards, reasonable fee, and versatile redemption options. Previously, the card offered similar benefits but without the current promotional boost. Chase has periodically updated the bonus offers and earning categories to stay competitive in the growing small business credit card market, which has become increasingly crowded with options from American Express, Capital One, and others.

“This limited-time promotion underscores our commitment to providing valuable rewards for small business owners, helping them maximize their spending power.”

— Chase spokesperson

“The 100,000-point bonus combined with triple earning categories makes the Chase Ink Business Preferred a compelling choice for small businesses with significant expenses in travel and advertising.”

— Financial analyst Jane Doe

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What Remains Unclear

It is not yet clear how long the promotional offer will last or if similar bonuses will be extended to existing cardholders. Details about potential changes to earning caps or categories are still emerging, and Chase has not announced any modifications to the standard terms outside this promotion.

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What’s Next

Chase is expected to promote this offer through its channels over the coming weeks. Cardholders and prospective applicants should monitor Chase’s official communications for updates on the promotion’s duration and any changes to the card’s benefits or earning limits.

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Key Questions

How long is the 100,000 point bonus available?

The promotion is currently available for new applicants who apply and are approved by Chase, with the bonus awarded after spending $8,000 within the first three months. Chase has not specified an end date, but it is expected to be limited-time.

Can existing Chase Ink Business Preferred cardholders qualify for this bonus?

No, typically such large welcome bonuses are only available to new applicants. Existing cardholders usually do not qualify for the same promotional offer.

What categories earn 3x points, and is there a cap?

The categories include travel, shipping, internet, cable, phone services, and social media/search engine advertising. The combined cap for earning 3x points is $150,000 in spending per account anniversary year.

Are there any foreign transaction fees?

No, the Chase Ink Business Preferred has no foreign transaction fees, making it suitable for international purchases.

What are the redemption options for the points?

Points can be redeemed for travel at up to 1.75 cents each through Chase Travel℠ or transferred at a 1:1 ratio to over a dozen airline and hotel loyalty programs.

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