There's an elevated offer Chase Ink Preferred Business card, that usually comes around once a year. Don't miss out on your Chase to build up a stash of my favorite flexible points!
Chase Ink Preferred
Annual Fee: $95 (that's right! A great price for so many points!)
Current (Elevated) Sign up Offer: Spend $8,000 in 3 months and earn 100,000 points
Standard offer is to earn 90,000 points with the same $8K spend in the same amount of time, 3 months
5/24 Status: Business cards are an important/common part of card strategy because they do NOT count against your Chase 5/24 (don't know what this is? There's a refresh in this post for you!).
Not sure if you have a business or how to apply for a business card? Then this post is for you. You may be surprised to learn that you don't need to have an LLC to get approved for a business card. I even walk you through how to fill out the application, step by step!
Benefits:
- Earn 3x's points for the first $150K you spend per anniversary year on:
- Shipping
- Internet/Cable/Phone Services
- Travel*
- Earn 1x's points per dollar spent on all other purchases
- No foreign transaction fees*
- Doordash benefits: which honestly I think are annoying to use though; but you can get DashPass, which gives you free deliveries (valued at $120/yr), and a $10 monthly credit to use at $10 non-restaurants
*An example of using these benefits: I opened this card for my P2 before we went to the Maldives; because we knew we would have a hefty bill for food and drinks at the hotel. Not only did we use the bill towards the minimum spend to earn a sign up bonus; but we also earn 3x's points on our bill because hotels code as travel!
If you have other Chase cards that earns points; you can combine points together!
Long Term Strategy: This isn't a forever keeper card. I would open this card now for the elevated sign up offer and then close it after 12 months (or downgrade to the sister card of Chase Ink Cash or Unlimited). That way, your $95 annual fee will drop off. You can read more about Closing and Downgrading cards here.
Chase Policy Changes
In the past six months, Chase has made some changes to eligibility of business card sign up bonuses. In the past, you could essentially get unlimited Ink Business cards. Now the wording has changed that you may only be eligible to get one Ink Preferred sign up bonus and one non-fee Ink Business card bonus (read more below on the $0 fee options!).
Which means.... if you can only ever get one Ink Preferred sign up bonus; now is a GREAT time to get the Ink Preferred at an elevated offer!
Summary
This elevated offer usually only happens once a year and is a great way to rack up additional Chase points without paying a hefty fee!
If you want a business card options without an annual fee (or with 0% interest the first 12 months), then I would consider Chase Ink Unlimited or Cash Ink Cash. This post goes into detail comparing the two and their benefits.
If you want to open one of these cards, I would SO appreciate if you utilized my referral link to open the card (reminder, if you're viewing this through a Meta app, please open an external browser to apply. This protects your data and gives me credit). If you're interested, but want more information on business cards as well as how to apply for them first, read here!
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Trying to figure out your next card? Here is my FREE personalized Next Card Recommendation form. Simply fill this out and I'll let you know suggestions.
Curious what cards I (and/or my husband) have, and why? Read here!
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