Published on October 19th, 2016 | by William Charles14
Chase To Launch Chase Ink Business Preferred (80,000 Point Bonus, 3x Categories, No 5x Categories)
- 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.
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.
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.