Posted by William Charles on November 15, 2016
Credit Card Offers

Published on November 15th, 2016 | by William Charles

37

Chase Ink Business Preferred Complete Review – 80,000 Point Bonus + 3x Points & More

Chase have just launched the Chase Ink Business Preferred Visa card so it’s time for our in depth review! Unlike other websites we do not use credit card affiliate links so we can provide you with an honest and unbiased review.

Quick Overview

  • Sign up bonus of 80,000 points after you spend $5,000 in purchases within the first three months of account opening
  • Annual fee of $95, this is waived for the first year if you apply in branch
  • Card earns at the following rates:
    • 3x points per $1 spent on the first $150,000 in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
    • 1x points per $1 spent on all other purchases
  • Points are worth an additional 25% more when you redeem them for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards (making points worth 1.25¢ per point)
  • Ability to transfer Chase Ultimate Rewards to Chase’s travel partners at 1:1 rate
  • No foreign transaction fees

chase-ink-business-preferred

Application Information

Does The Chase 5/24 Rule Apply To This Card?

Unfortunately the Chase 5/24 rule does apply to this card, this shouldn’t come as a surprise as all Chase branded cards are under this rule. If you’re not familiar with this rule I’d recommend reading this linked post. People have succesfully received an in branch pre-approval to bypass this rule (see: this comment). You can read more about Chase in branch pre-approvals here.

What Credit Score Is Required

We do not have this information currently.

Common Reasons For Denial:

What Credit Bureau Does Chase Pull For The Chase Ink Business Preferred?

This depends on the state that you live in, for more information please read this post.

What Credit Limit Will I Receive?

We currently do not have enough information for this, please share your data points in the comments below.

Card Benefits

This card doesn’t come with a lot of benefits, one of the bigger benefits is the cell phone insurance. It’s also important to keep in mind that some of the insurance products only cover business related expenses and not personal, this is something you need to know especially when using the primary rental insurance.

Cell Phone Protection

Get up to $600 per claim in cell phone protection against theft or damage when you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred. This is a nice benefit because these purchases also earn 3x points.

Other Insurance/Protection Products

  • Auto Rental Collision Damage Waiver/Primary Rental Insurance: This only covers you when you’re renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. & Abroad.
  • Trip Cancellation/Interruption Insurance: Up to $5,000 per trip for pre-paid, non-refundable travel expenses if your trip is cancelled or cut short by sickness, severe weather and other situations.
  • Trip Delay Reimbursement (if your common carrier is delayed more than 12 hours or requires an overnight stay then you and your family are covered for unreimbursed expenses up to $500 per ticket)
  • Purchase protection: Covers new purchases for 120 days against damage or theft up to $10,000 per claim
  • Extended Warranty protection: Extends the U.S. manufacturers warranty by an additional year, on eligible warranties of three years or less.
  • Travel Accident Insurance: Coverage up to $1,000,000 when you’ve paid for transportation using this card
  • Price Protection: If you make a purchase and the same item is advertised for less in print or online within 90 days you can be reimbursed the difference up to $500 per item, $2,500 per year.
  • Return protection: You can be reimbursed for eligible items that the store won’t take back within 90 days of purchase, up to $500 per item & $1,000 per year.

Points Are Worth 25% More In Travel Rewards

Points can normally be redeemed for 1¢ towards statement credit or booking travel through Chase’s portal, this card allows you to redeem points through Chase’s travel portal and receive a value of 1.25¢ per point. This doesn’t hold a lot of value if you hold the Chase Sapphire Reserve as that card gives you 50% more in travel rewards.

1:1 Point Transfer To Travel Partners

This card lets you transfer all your Chase Ultimate rewards points to their travel partners (including points that are earned on cards that don’t allow these transfers such as: Chase Freedom, Chase Freedom Unlimited, Chase Ink Business Cash & Chase Sapphire). The Chase Sapphire Reserve & Chase Ink Plus/Chase Ink Bold (now discontinued)

Chase’s travel partners are as follows:

Chase Travel Partners (All Transfer 1:1)    
Airlines
British Airways Executive Club Singapore Airlines KrisFlyer Virgin Atlantic Flying Club
Flying Blue AIR FRANCE KLM Southwest Airlines Rapid Rewards
Korean Air SKYPASS United MileagePlus
Hotels
Hyatt Gold Passport Marriott Rewards
IHG Rewards Club The Ritz-Carlton Rewards

Rewards Program

This card earns Chase Ultimate Rewards points. These are the same points that are earned on the following cards: Chase Freedom, Chase Freedom Unlimited, Chase Sapphire, Chase Sapphire Preferred, Chase Ink Cash & Chase Ink Plus.

Earning Rewards

This card earns at the following rates per $1 spent:

  • 3x points per $1 spent on the first $150,000 in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
  • 1x points on all other purchases

Definitions for each category according to Chase can be found here.

Sign Up Bonus

Current Sign Up Bonus
  • 80,000 points after $5,000 in spend within the first three months
Sign Up Bonus History
  • This card has always offered the same sign up bonus

Our Verdict

Personally I think the Chase Ink Plus was/is a better product due to the ability to earn 5x points on office supply stores (great for purchasing gift cards). It doesn’t make much sense to put spend on this card unless it’s a 3x category as you can earn 1.5x Chase Ultimate Rewards points per $1 spent on the Chase Freedom Unlimited.

For some businesses those categories are going to be amazing, but I know some affiliate markets will blow through the $150,000 spending cap on advertising extremely quickly. Most people won’t be able to sign up for this card due to be over 5/24, so it’ll be interesting to see if people receive in branch pre-approvals for this card and if it bypasses the 5/24 rule.

Please share your datapoints and thoughts about this card in the comments below.



37 Responses to Chase Ink Business Preferred Complete Review – 80,000 Point Bonus + 3x Points & More

  1. Nic says:

    Are all the price,return,etc protections the same as Ink Plus? Trying to decide if I should switch (I don’t really use the 5x at office supply and the cell protection would be nice (assuming it’s fairly easy to file a claim)

  2. Eugene says:

    Does “travel” include gas stations (fuel)?

  3. Vik says:

    Is there a way we can still apply for Chase Ink Plus? Any working links? Thank you.

  4. Roman S says:

    I was approved for this card yesterday and related to this topic – credit line that was issued to me is 10k (when was approved for Ink plus 3 months ago was only given 5k).
    It has been only 3 months after establishing business account with them.

  5. Mark says:

    Are you under 5/24? If not, are you a private client in addition to just having a business account?

    • zMay says:

      Im guessing You are talking to me, its weird thou why your comment come above mine. Anyway, yes im under 5/24, actually these are all the cards/accounts Ive opened in the last 2 years. (Except one BofA business credit card last year for the $1000 promotion). Im not private client.

  6. zMay says:

    I’ve got Freedom in May with 12k, September i got the Reserve with 24k and IHG on the same day 2k CL. I have Ink cash for 4 years now. I am also their business checking and personal checking and savings costumer. I’ve applied for this card yesterday in branch. It was not an instant approval (762fico8) They’ve told me that inwill be informed in a week or so…

  7. Econjon says:

    When I last app’d for the plus, they said only one biz card (I already had bold). But the branch associate was able to convince them to transfer my bold cl to the plus as long as i closed the bold.

    So this time, I am closing the plus. But I wonder how long I should wait before I apply for the reserve. I should not be auto dq’d by 5/24.

    • zMay says:

      First time hear or read about this. The branch associate did not tell me that even though I’ve told her that I already have Ink Cash. I hope I won’t end up with a hard inquiry for nothing!

      Anyone else have any info about this?

  8. bellevuemike says:

    My brother in-law called Chase to redeem UR’s. He was proactively solicited to apply over the phone for the Preferred. He was approved. Same bonus. NO ANNUAL FEE first year. This was no an in-branch application.

    I do not know if he was over/under 5/24. I do know that he has a biz checking account and one personal Chase card.

  9. zMay says:

    I’ve just logged in on my chase account and I see my Ink Preferred is over there now which means I’ve got approved after 3 days of application.

    Now I have both Ink Cash and Ink Preferred for the same business. @Econjon I dont know why they told you that you should close your ink cash in order to get the preferred.

  10. Brian K says:

    I just received a targeted e-mail soliciting me to apply for this. I am over 5/24. Does anyone know if me being solicited means I was pre-approved and could therefore be approved for this card? Have been denied by chase recently for being over 5/24.

  11. Solomon M says:

    since this is a ink-business-preferred card, does it mean only businesses and not individual person can apply for this card in their name?

  12. megabit says:

    I also received a targeted email from Chase asking me to apply it. But I am well over 5/24 rules. Does it mean I am pre-approved or else? Here is the part of the email message…

    As a valued Chase business client, we invite you to be one of the first to apply for the NEW Ink Business PreferredSM Credit Card. This offer is available until December 16, 2016.

  13. Jeff says:

    I know that this card is under the 5/24 rule in that you won’t be approved if you have over 5 cards in the last 24 months, but are the DPs suggesting that being approved for this card counts towards your 5/24 status for other chase cards?

    I’ve read conflicting things about business cards not counting for lack of showing up on personal credit reports and that it does count since it’s chase and they can see it in their system and thus count it against you. Thanks.

    • Jeff says:

      Saw that no one ever replied, so figured I would. I just got approved for the CSR, thinking I might have been over 5/24. Turns out, Chase only counts personal credit card approvals toward 5/24 (what shows up on your credit report). So even though I opened the Ink Plus and the business MPX in the last 2 years (both Chase cards which should have put me at 6/24), those don’t show on my credit report and therefore I was technically at 4/24 prior to applying for the CSR.

      It’s a weird system. Even though they enforce the 5/24 rule for business credit card applications, once approved, that card doesn’t count towards 5/24. All the more reason to apply for Chase business cards. Personally I’m waiting until May/June when I’m back under 5/24 and then I’ll go for this card (assuming it has the 100k bonus).

      Hope that helps.

  14. Ferris says:

    is there a reason this isn’t on the best bonuses list? is it because it might go up to 100k?

  15. Rs2 says:

    Do you think this email allows me to bypass 5/24?

    Subject: Earn 80,000 Points with the NEW! Ink Business Preferred Credit Card

    Part of the text

    “As a valued Chase business client, we invite you to be one of the first to apply for the NEW Ink Business PreferredSM Credit Card. This offer is available until March 21, 2017.”

  16. MarcoPolo says:

    I think there is a typo here “Too many cards in the past 30 days (this is common between all Chase cards, you’re limited to 2/3 per 30 month)”
    It should be 2/3 per 30 DAYS and not months.

  17. Paulie says:

    Can UR points earned in this card be merged with UR points earned on Freedom, Preferred, or Reserve

  18. VL says:

    Re: Auto Rental Collision Damage Waiver/Primary Rental Insurance.

    If you rent for personal purposes in US, and have another insurance (personal auto-insurance) it will also work, but only as secondary (excess) insurance, like most of the cards with Auto Rental Benefit.

    If you have no personal insurance in US, or rent abroad for personal reasons (since your personal auto insurance does not work there anyway), it will act as a primary though.

    If you have CSR use it for personal rentals to be safe – it has primary protection. CSP may also work as primary, but I am not sure.

    Good luck

  19. Mike says:

    Finally signed up in-branch Monday, approved Tuesday morning for 80K, no fee waiver. Had a discussion with the representative about the 100K offer, and she said she was unfamiliar with it, but she was also unfamiliar with 4/24. What’s the current best practice to get the 80K offer bumped to 100K? Should I make a request now or wait until minimum spending is complete?

    • Rob says:

      Same question as Mike…. signed up online, email sent saying approved on 5/22, still waiting for card in hand. Has anyone had success recently with bumping the bonus to 100k? Any suggestions welcome.

  20. Drew says:

    Does anyone know if you MUST have a business tax ID # to apply for this card?

  21. Amex Platypus says:

    The post says “Annual fee of $95, this is waived for the first year if you apply in branch”.

    Any datapoints on this? “Mike” posted on May 17 that he didn’t get it waived.

  22. YRK says:

    Can I apply for this without no business of any kind? Any article/post regarding this be helpful.

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