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Chase is offering a big 80,000-point bonus on its best small business credit card right now

Dec 21, 2018, 04:01 IST

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The Points Guy
The Points Guy

  • The Chase Ink Business Preferred Credit Card currently offers a big 80,000-point sign-up bonus after spending $5,000 on purchases in the first three months after opening a new account.
  • It also offers 3x points per dollar on popular business categories like travel, shipping, telecom, and online advertising.
  • The card also comes loaded with useful travel benefits and protections.
  • I can't tell you how many times I've kicked myself for missing out on a big bonus opportunity. If you are excited by the benefits and rewards of this card, you'll want to act fast to make sure you don't miss out.

The Ink Business Preferred Credit Card is a top business card offered by Chase, one of the top card issuers in the US. This card gives you the ability to earn valuable Ultimate Rewards points, redeemable for free and discounted travel around the world.

This card currently offers a big 80,000-point sign-up bonus after spending $5,000 on purchases in the first three months after opening a new account. It also offers 3x points per dollar on popular business categories like travel, shipping, telecom, and online advertising. If that sounds like something you would enjoy, you may want to act fast to lock in the 80,000-point bonus opportunity before it's gone.

Earning the big Chase Ink Business Preferred bonus

Chase offers 50,000-point sign-up bonuses on popular credit cards on a fairly regular basis (see all the best cards offered by Chase here), but offers in the 75,000+ territory are few and far between. While you can sometimes land a 100,000-point offer, 80,000 is nothing to ignore.

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After spending $5,000 on purchases in the first three months - an easy hurdle for many small businesses - you'll bring home the full 80,000. Points are worth 1.25 cents when you have this card and redeem through the Ultimate Rewards portal (or 1.5 cents if you also have the Chase Sapphire Reserve). That makes the bonus worth at least $1,000 toward travel.

If you don't normally spend $1,666.67 per month or more, you may be able to reach this bonus by pre-paying for planned expenses. For example, you can buy inventory, prepay for insurance, or pay for the company holiday party to get closer to the goal.

This bonus alone is easily worth enough for three domestic round-trip flights or an international flight to nearly anywhere in the world.

Earning points with everyday business purchases

This credit card gives you 3x points per dollar on "travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines" up to $150,000 in combined purchases per year. If you hit that big spending maximum, that's a whopping 450,000-points per year. Hello, business class overseas flights and luxury hotels!

Even if you don't spend six figures, the points add up fast. After hitting the $150,000 maximum, you earn an unlimited 1 point per dollar, the same as you get on all standard purchases with the card outside of the bonus categories.

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Other benefits

As a premium Chase card with a $95 annual fee, this card comes loaded with useful benefits and protections. Those include no foreign transaction fee, trip insurance, auto rental insurance, purchase protection, extended warranties, and more.

Also, keep in mind that you can use your Ultimate Rewards points for a wide range of flexible redemption options. The best value typically comes from transferring points to partner airlines at a 1:1 ratio and booking a premium ticket. However, you can also use points for purchases, cash back, and other lower value redemptions.

Pairing Chase cards to put your earnings potential on steroids

One of the best parts of Ultimate Rewards is that you can earn from multiple cards in the same account and transfer between household members, most commonly a spouse. When you have multiple personal and/or business cards that earn Ultimate Rewards or cash back at Chase, your free flights and hotel nights come in even faster.

For example, if you have this card and the personal Chase Freedom, you can earn 5 points per dollar on rotating bonus categories with Chase Freedom (up to $1,500) and combine with your Ink Business Preferred points. The same goes for Chase Freedom Unlimited (unlimited 1.5 points per dollar), Chase Sapphire Preferred Card (2x points per dollar on restaurants and travel), or Chase Sapphire Reserve (3x points per dollar on restaurants and travel).

Between my wife (I'm an authorized user), my personal accounts, and my business, I have four cards that earn Ultimate Rewards. I'm writing this review on a plane on the way home from a trip booked using Ultimate Rewards. I took my dad to Israel in business class for less than $100 each after points.

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Act fast or miss out

I can't tell you how many times I've kicked myself for missing out on a big bonus opportunity. If you are excited by the benefits and rewards of this card, you'll want to act fast to make sure you don't miss out.

Click here to learn more about the Ink Business Preferred Card from Insider Picks' partner: The Points Guy

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