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Chase Ink Preferred 100,000 Point Bonus Offer — But Big Spend Required

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


I was excited to see Chase announced today an increased welcome bonus for their Ink Business Preferred card — a product we praise for its earning structure and relatively low annual fee.

But the new offer packs a bit of a gut punch for many people, especially during such an economically tumultuous time.

The Offer

New applicants can earn 100,000 bonus Ultimate Rewards points after spending $15,000 on purchases within three months of being approved.

I honestly thought a “1” was accidentally sandwiched between “$” and “5,000.” After all, the previous welcome offer was 80,000 URs after spending $5,000 during the first three months.

Others will disagree with me. But boosting the welcome bonus by 25% while the increasing minimum spend threshold 300% overnight seems abnormally disproportionate. Especially when giving small businesses only three months to meet those requirements. During, you know, a pandemic.

The Chase Ink Business Preferred card

If you have the scratch to meet the minimum spend, go for it. I think the Ink Business Preferred card is a great card. It allows you to redeem points at 1.25 cents each through the Ultimate Rewards travel portal. (So those 100,000 points are potentially worth $1,250 in travel.)

Plus, it also features:

  • 5X on Lyft purchases through March 2022.
  • 3X on the first combined $150,000 spent yearly on:
    • Travel (flights, hotel, rideshare, parking, etc)
    • Shipping purchases
    • Internet, cable and phone services
    • Advertising purchases made with social media sites and search engines
  • Trip interruption and cancellation benefits
  • No foreign transaction fees

The annual fee is $95.

A Good Team: The Ink Preferred and Ink Cash Cards

The Ink Preferred card and no annual fee Ink Cash card team up to give you a great 1-2 punch.

The Ink Cash card earns 5X at office supply stores, restaurants, gas stations, and internet-cable-phone providers. You can then transfer those points to an Ink Preferred card‘s URs, making them worth 6.25 cents each.

— Chris

 

 

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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