FINAL WEEK: Chase's Biggest-Ever Offer, 120k Points For Chase Ink Business Preferred

FINAL WEEK: Chase’s Biggest-Ever Offer, 120k Points For Chase Ink Business Preferred

by Gary Leff on August 29, 2024

A year ago the Ink Business Preferred® Credit Card launched a 100,000 point initial bonus that was the single best credit card offer available in my opinion. Chase has topped it, I think this is the best credit card offer Chase has ever had, for any product. And they’ve now shared that it ends September 5, 2024 at 9 a.m. Eastern.

Earn 120k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
That’s $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel^SM – and in my view worth even more when used to transfer to partners like Hyatt, United, and others.

Park Hyatt St. Kitts

This is the biggest offer I’ve ever seen for a Chase Ultimate Rewards card, and the spending requirement hasn’t even gone up (in fact, up until just over a year ago, the smaller offer required $15,000 spend within 3 months, which deterred a lot of people from considering it).

I successfully applied for the card with the 100,000 point offer. 120,000 points is huge.

Moreover the Ink Business Preferred® Credit Card may be pound for pound Chase’s best rewards card.

It doesn’t offer Priority Pass membership (I have several of these from other cards) but it has a $95 annual fee.. not a fee of $350 – $700. Ink Business Preferred® Credit Card has a modest annual fee, a great up front offer, and you still get triple points on the first $150,000 spent each year on travel (akin to Sapphire Reserve) and on shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines too.

Many readers can get a business card and probably should. It is one of the things you should do as you start your business, allowing you to separate business from personal expenses and build the credit history and identity of your business.

Here are 12 things I love about the new Ink Business Preferred:

120,000 Point Signup Bonus Earn 120k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. As you’ll see below, that can even more than enough for a roundtrip business class award ticket between the US and Europe. In fact it can be almost enough for two roundtrips! (Chase points are super valuable because they transfer directly to a variety of airlines and hotels.)
3 Points Per Dollar on Travel
Chase points are one of the most valuable currencies and you’ll earn 3 points per dollar on travel — that’s airlines, hotels, rental cars, tolls, even Uber.
3 Points Per Dollar on Shipping and Advertising on Social Media and Search Engines
This is great for anyone who advertises on Facebook or Twitter, or who spends money advertising with Google. And those bills add up quickly. Earning triple points on that spend is going to be a really big boost.
$150,000 spend cap on bonus categories
Chase has Ink cards which cap category bonus spend at lower amounts. Being able to keep spending on this card in a big way is a great move for Chase to encourage not just a little bit of spend but a lot of spend through the product, and to let you keep earning big bonus points.
Protection against theft or damage for your cell phone. Covers theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Up to 3 claims in a 12 month period with a $100 deductible per claim.
Now, I got my cell phone’s cracked screen covered when I paid for it with my Chase Sapphire Preferred Card — but that was purchase protection, cracked the screen shortly after I purchased the phone.
You can get more than one Ink Business Preferred Card if you have more than one business.
Chase won’t approve this for everyone, of course, they’ll consider how much credit they wish to extend to you. But they don’t limit you to one card if you have multiple businesses.
Ultimate Rewards Mall
Additional points for your online shopping through access to the Chase Ultimate Rewards mall, a mileage-earning shopping portal that often has the most lucrative opportunities to earn extra points for the online purchases you’d make anyway.

Here are Chase’s points transfer partners:

Star Alliance: Air Canada Aeroplan, United Airlines MileagePlus, Singapore Airlines
SkyTeam: Air France KLM Flying Blue, Virgin Atlantic Flying Club
oneworld: British Airways Executive Club, Iberia Plus
Non-alliance: Emirates Skywards, JetBlue TrueBlue, Southwest Airlines Rapid Rewards, Aer Lingus Aer Club
Hotel: IHG One Rewards, Marriott Bonvoy, World of Hyatt

British Airways Business Class

Air Canada and Air France are my favorite two airline programs here, though Iberia lets you redeem business class awards from the Northeast to Madrid for just 34,000 points per passenger each way. Hyatt is the only hotel partner worth transferring to – but it’s a better option than you’ll find from American Express as well.

KLM Business Class

Historically “5/24 limits” have applied to the card. That’s not a surprise, there are cards that Chase won’t give to some people who have had 5 or more new cards within the last 24 months. However getting this card does not seem to add to you’re 5/24 total.