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

Referrals no longer working. Public 100,000 bonus only option now.

[Update 3/19/20: Public offer is now 100,000 points with $15,000 spend. You can still get the 80,000/$5,000 offer via referral link.]

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

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:

• Too many cards in the past 30 days (this is common between all Chase cards, you’re limited to 2/3 per 30 days)
• Too much credit currently extended to them (you’re able to bypass this by calling Chase reconsideration and offering to reallocate your credit limits from existing cards)
• Over 5 new cards in the past 24 months

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	Aer Lingus
United MileagePlus	Iberia Plus	Emirates
Air Canada Aeroplan
Hotels
Hyatt Gold Passport	Marriott Rewards
IHG Rewards Club

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.