Posted by William Charles on October 19, 2016
Credit Cards

Published on October 19th, 2016 | by William Charles

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Chase To Launch Chase Ink Business Preferred (80,000 Point Bonus, 3x Categories, No 5x Categories)

Bloomberg is reporting (and Chase has confirmed) that Chase will be launching a new business credit card called the Chase Ink Business Preferred.

Card Overview

  • Annual fee of $95 (waived first year if you apply in branch)
  • Sign up bonus of 80,000 Chase Ultimate Rewards points after $5,000 in spend
  • Card earns at the following rates:
    • 3x points on all travel, telecommunications, shipping and advertising on social-media and search engines purchases. Limited to $150,000 in spend per year, then reverts to 1x points.
    • 1x points on all other purchases

Will The Chase Ink Plus Still Be Offered?

Chase has confirmed that this will be offered in addition to the Chase Ink Plus. That means that at least for the forseeable future people will be able to continue to earn 5x points at office supply stores.

It appears that the INK Plus will be discontinued while the INK Cash will continue to be offered.

Does This Open The Door For Another Premium Chase Business Card?

Given the naming scheme they have used for this card (Chase Ink Preferred, similar to Chase Sapphire Preferred), it’s possible that Chase will launch another card (Chase Ink Reserve) to compete with the American Express Business Platinum card. I haven’t heard of anything along these lines yet, but wouldn’t be surprised if Chase did get into that market segment after the success of the Chase Sapphire Reserve.

Our Verdict

It’s interesting that this will match the 3x on travel that the Chase Sapphire Reserve offers for only an annual fee of $95. The big category that jumps out at me though is the 3x on advertising on social media and search engines, that being said the people that I know that are heavily into that will easily blow through their $150,000 spending cap.

Personally I see the Ink Plus as a much stronger card than this due to the 5x categories, but I know the 3x travel and other categories on this card will be very attractive to some. It’s just a shame about the 5/24 rule, or this would be another easy credit card bonus to grab. Let us know your thoughts on this new card in the comments below.

This also looks to be the rumor we speculated about before as well, although the good news is that the Chase Ink Plus will be continued to be offered.

Hat tip to Teddy125 on /r/churning



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P
P

Are they trying to confuse as with overlapping products ?

James
James

The only advantage of the Ink Preferred vs Ink/Cash/Plus according to The Points Guy is cell phone protection of $600/claim 3x a year with a $100 deductible against damage or theft if the card is used to pay a cell bill. Shipping/advertising are new while travel is already covered with a Sapphire Reserve.

Otw, Ink Cash/Plus 5x vs 3x on Ink Biz Preferred is a no brainer.
https://thepointsguy.com/2016/10/chase-ink-business-preferred-card/

Trac Nguyen
Trac Nguyen

If the Ink Reserve does come out, say with UR being worth 1.5x, do you think it would be possible to PC a current Ink Plus to the Reserve or even the Preferred?

Bodiddely
Bodiddely

Is there a source for Chase confirming Ink Plus will still be offered? Does that mean earlier rumor was a false alarm? https://www.doctorofcredit.com/rumor-chase-remove-5x-ink-category-starting-soon-new-cardholders-changes/

I’m locked out of Ink+ for foreseeable future due to 5/24, but hoping to snag an in-branch pre-approval at some point (only get an opportunity every couple of months when I travel somewhere with branches, as there are none in my area).

Bodiddely
Bodiddely

Sorry, just saw you addressed this at end of post, missed that earlier!

Mickey D
Mickey D

Why would 5/24 work on a business card? I thought business and personal cards were separate when it came to credit reporting and 5/24?

Bodiddely
Bodiddely

Chase still looks at your personal credit report — and how many personal cards you have opened in the past 24 months — when determining whether to give you a business credit card.

JR Smooth
JR Smooth

Annual fee of $95 (waived if you apply in branch)

Waived first year or waived forever???

Scott
Scott

I’m just glad it was a new product not a change to Ink Plus. Was planning on getting Ink Plus in the new year and didn’t want them to change it before then.

Johnny

Damn I just got the ink plus a week ago! Called my banker and he wasn’t even aware of thsi card yet but said I should be able to get both. CPC ftw!

James
James

Are you over 5/24. I’m CPC, but since biz cards aren’t mentioned for CPC credit card benefits, don’t want to apply just to get declined.

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