chase ink preferred

Chase Ink Preferred is the Best Card Out There (80K Signup Bonus)

Editorial Disclaimer: This post may include references to offers from our partners. We may receive compensation when you click on links to specific products. The opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer. Thank you for supporting us.  We appreciate you.

The Chase Ink Preferred credit card is the best travel credit card available. In my opinion, it gives the most value and benefits compared to its cost out of all credit cards. That includes both business and personal cards. Chase Ink Preferred is a business credit card with an extremely large and valuable introductory offer, good spending category bonuses, great purchase protection, easy point redemption, and the best flexibility of any points around. If you’re a small business owner, I would heavily consider putting the Chase Ink Preferred in your wallet.

 

The Chase Ink Preferred Introductory Offer is the Best Around

The best benefit of the Chase Ink Preferred is it’s extremely generous introductory offer. After spending $5,000 on the card in the first 3 months, you’ll receive 80,000 Chase Ultimate Rewards points as a bonus. With these points being worth up to 2 cents each, that values the bonus at a whopping $1600. Of course, it could be less valuable or it could be worth even more depending on how you decide to redeem the points. Even if you were to redeem your points for gift cards (which gives the least value), the introductory bonus would be worth $800 which is very good and much higher than the average.

 

Chase Ink Preferred Earns Ultimate Rewards Points

As mentioned above, the Chase Ink Preferred earns Ultimate Rewards points. These are considered by many to be the most valuable travel points of any. They are so valuable because of their flexibility. Chase Ultimate Rewards can easily be used for travel directly through Chase, by transferring them to a hotel, or by transferring them to an airline.

Personally, my favorite way to redeem Chase Ultimate Rewards is by transferring to either British Airways, Southwest Airlines (where we have a Southwest Companion Pass), or Hyatt for hotel stays. I find that I most often get a value of more than 2 cents per point when redeeming with these partners. Another great feature of the Chase Ink Preferred is the ability to earn bonus points on purchases.

chase ink preferred credit card

 

Get More Ultimate Rewards Through Bonus Spending Categories: Earn 3X Points

  • Travel: If you travel often, you’ll get good use out of this bonus. It counts on planes, trains, taxi’s, other transportation, hotels, and more.
  • Shipping: Do you ship a lot of packages for your business? This is one of the only credit cards that earn a bonus on it.
  • Internet, Phone, & Cable: I’m sure your business uses at least a phone and internet. Is it even possible to run a business without both of those?
  • Online Advertising (search engines & social media): This category is a newer one, but a very popular way to advertise. Google, Bing, Facebook, Pinterest

Do you and your business spend money on any of these categories? If you do, it’s a great way to earn extra Ultimate Rewards. Think, if you earn 3X the points and redeem them for a value of 2 cents each, that’s like getting 6% back on your purchases. Have you ever seen a 6% cashback card? I didn’t think so…


*Chase Ink Preferred Credit Card

80,000 Point Introductory Offer

Chase Ink Business Preferred Credit Card
  • Introductory Offer: You’ll earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from your account opening.
  • Category Spend Bonuses: You’ll earn 3 points per $1 on the first $150,000 spent on travel and select business categories (including social media advertising!) each account anniversary year.  You’ll earn 1 point per $1 on all other purchases, with no limit to the amount you can earn.
  • Other Benefits: Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.  You can redeem points for travel, cash back, and gift cards, or transfer your points to an airline or hotel partner.  You’ll get a cell phone protection plan of up to $600 when you pay your cell phone bill with the card.  You’ll receive rental car loss and damage coverage if your reservation is paid with the card.
  • Annual Fee: $95 Annual Fee

My thoughts about the Chase Ink Preferred:

The Introductory Offer is the best of any credit card in the market. It’s a surprise how much value Chase will give away for a credit card with only a $95 annual fee. I have this credit card and absolutely love its benefits. When I got this card, I used the introductory offer bonus to purchase two round-trip flights to Hawaii, and still had an extra 30,000 points. The spending category bonuses are worthwhile for my online business. I can earn a lot of bonus points with my combination of Chase Ultimate Rewards credit cards.

Learn more about the Chase Ink Preferred and find out how to apply HERE.


Chase Ink Preferred Large

 

Redeeming Ultimate Rewards Points with Chase Ink Preferred

Flexibility, when it comes to redeeming your points, is the main reason that Ultimate Rewards and this credit card offer are so valuable. Some credit cards come with points that are a hassle to use. Not this one. Why? Because they can be used in so many different ways.

Redeem your Ultimate Rewards Directly Through the Chase Travel Portal

Chase has an Ultimate Rewards Travel Portal where you can directly redeem your points for travel. With the Chase Ink Preferred, you can redeem them at an elevated rate of 1.25 cents per point instead of the regular 1 cent per point. Through the travel portal, you can book flights, hotels, rental cars, and activities. No worries if you’re a few points short of your travel purchase because you can use both points and cash if needed.

Airline Transfer Partners

Arguably, the best use of Ultimate Rewards is transferring your points to airline partners. As mentioned above, I love to use my Chase Ultimate Rewards by transferring to airlines and hotels. I mainly transfer my points to three of the Chase Ultimate Rewards transfer partners.

I transfer to British Airways to take advantage of their distance based partner flights. This allows me to regularly fly to Hawaii for 25,000 points round-trip. I also transfer points to Southwest Airlines because our points are essentially doubled due to my wife and I earning a Southwest Companion Pass. There are 9 Chase Ultimate Rewards airline transfer partners that all transfer at a 1:1 ratio:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Air France/KLM Flying Blue
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United Airlines MileagePlus
  • Virgin Atlantic Flying Club

southwest airlines companion pass

 

Hotel Transfer Partners

Another way to get the most value out of your Ultimate Rewards points is by transferring them to hotel partners. The only hotel partner I transfer to regularly is Hyatt hotels. In most cities, there are Hyatt Place properties that cost 8-12,000 points per night and are very nice. Hyatt award nights in this range usually warrant a decent value, often coming out near 2 cents per point. The other hotel chains don’t have very valuable points, so I don’t find it advantageous to transfer to them. The hotel partners also all transfer at a 1:1 ratio:

  • Hyatt Gold Passport
  • IHG Rewards Club
  • Marriott Rewards
  • The Ritz-Carlton Rewards

 

Combine Your Ultimate Rewards with Other Chase Credit Cards

One of the most exciting features of Chase Ultimate Rewards is that you’re able to combine them between credit card accounts. You may wonder why you would want to do this. Well, it’s simply because Ultimate Rewards have different values depending on which account they are in. Only three of the seven Chase Ultimate Rewards credit cards have the ability to transfer points to airline and hotel partners. That is a huge difference. Those three cards also have elevated values if used in the Chase Travel Portal.

 

Transfer From “Cash Back” to a Premium Ultimate Rewards Card

The four other Chase Ultimate Rewards credit cards are advertised as “cash back” cards, but they earn that cash back in the form of Ultimate Rewards. The only difference is that they can only be redeemed for a maximum of 1 cent each in the travel portal (and no transfer partners).

This is where transferring points between accounts will come into play. You can transfer your “cash back” ultimate rewards into one of the three premium Ultimate Rewards accounts, if you have one, to redeem for higher values. You’ll see how this plays out below:

50,000 Ultimate Rewards in an Ink Cash Account (cashback).50,000 Ultimate Rewards transferred from Ink Cash account to your Ink Preferred account.
Redeemed in the Chase travel portal at 1 cent per point.

Value: $500
Redeemed in the Chase travel portal at 1.25 cents per point.

Value: $625


Redeemed by transferring to an airline partner. (2 cents or more value per point)

Value: $1000

 

Other Chase Ultimate Rewards Business Cards:

 

Ink Business Cash: 50,000 Point Introductory Bonus

Chase Ink Business Cash Credit Card
  • Earns “cash back” in the form of Ultimate Rewards
  • Ultimate Rewards can be transferred to your premium card account*
  • Earns 5X at office supply stores, phone bills, internet, & cable

 

Ink Business Unlimited: 50,000 Point Introductory Bonus

Chase Ink Business Unlimited Credit Card
  • Earns “cash back” in the form of Ultimate Rewards
  • Ultimate Rewards can be transferred to your premium card account*
  • Earns 1.5X on all purchases

Chase Ultimate Rewards Personal Cards:

 

chase ink preferred card

Like this post? Pin it…

*Chase Sapphire Preferred: 50,000 Point Introductory Bonus

Chase Sapphire Preferred Credit Card
  • 1.25 cents per point in travel portal (25% bonus)
  • Transfer your Ultimate Rewards to this premium card for better redemptions
  • Earn 2X on travel and dining

 

*Sapphire Reserve: 50,000 Point Introductory Bonus

Chase Sapphire Reserve Credit Card
  • 1.5 cents per point in travel portal (50% bonus)
  • Transfer your Ultimate Rewards to this premium card for better redemptions
  • Earn 3X on travel and dining

 

Chase Freedom: 15,000 Point Introductory Bonus

Chase Freedom Credit Card Review
  • Earns “cash back” in the form of Ultimate Rewards
  • Ultimate Rewards can be transferred to your premium card account
  • Earns 5X on rotating quarterly categories

 

Freedom Unlimited: 15,000 Point Introductory Bonus

Chase Freedom Unlimited Credit Card
  • Earns “cash back” in the form of Ultimate Rewards
  • Ultimate Rewards can be transferred to your premium card account
  • Earns 1.5X on all purchases

 

One way to earn a lot of points with a lot of value is to have a combination of at least two Chase Ultimate Rewards credit cards. You can get the best benefits from both cards and redeem them through the card with the higher redemption rate. For instance, you can have both the Chase Ink Preferred and the Chase Ink Cash. With these two credit cards, you will earn 130,000 Ultimate Rewards points just from the introductory offers. Right off the bat, that’s a value of $2,600 if you combine your points into your Ink Preferred Ultimate Rewards account. With this card combo, you will also earn the following on spending:

  • 5X Points at office supply stores, phone bills, internet, and cable
  • 3X Points on travel, shipping, and online advertising
  • 2X Points on gas stations and restaurants

 

That’s a pretty amazing lineup of category bonuses for spend… Now let’s just throw in one more card, in either the Chase Freedom Unlimited or Ink Unlimited to earn 1.5X Points on all other purchases. As you can see, by having multiple Chase Ultimate Rewards credit cards you can get a deadly combination of spending bonuses.

I personally have the Ink Preferred, Ink Cash, Sapphire Reserve, and the Chase Freedom in my wallet. Let’s just say I have the potential to earn a lot of Ultimate Rewards even though I don’t spend much money. I precisely select which card I use on each purchase to maximize my earnings. The hardest part is deciding which of the cards work best for your own spending.

 

Protection: Cell Phone, Travel, & Purchases

All these benefits and we haven’t even discussed the purchase protection that the Chase Ink Preferred will give you. If you drop your cell phone (or your wife does…), you’re safe. They’ll pay for repair or replacement. If you’re renting a car, you can tell that pesky salesperson at the counter “NO THANKS” to everything they’re offering. Your credit card has primary rental insurance. Basically, if anything goes wrong with your travel plans, you’re covered.

  • Cell Phone Repair or Replacement
  • Primary Car Rental Insurance
  • Trip Delay & Cancellation Insurance
  • Baggage Insurance
  • Travel Accident Insurance

chase ink business preferred

 

There’s Even More: Other Benefits of the Chase Ink Preferred

Wait, we’re not done yet? I’m honestly getting tired of writing all these benefits. They seem endless, but we must go on. You need to know everything there is to know about the Chase Ink Preferred. Yes, it has even more benefits. I won’t go into depth, but they’re listed below. If you have employees you can get them a card for expenses for free. You’ll also be able to make international purchases without having to pay foreign transaction fees. The Chase Ink Preferred keeps you safe in many ways including on fraud, which seems to be a rising problem in the world we live in.

  • Employee Cards at No Extra Cost
  • No Foreign Transaction Fees
  • Zero Liability Protection
  • Fraud Protection
  • Extended Warranty Protection

 

Who is the Chase Ink Preferred Good For?

Probably you, if you own a small business. Honestly, the Chase Ink Preferred is the best overall credit card in my opinion. It’s got an amazing introductory offer of 80,000 points along with excellent benefits all around. If your business is online, it’s definitely a great fit due to the online advertising feature. If you’re running a business you should have a credit card to earn points back from your expenses. It’s just another way to easily grow your bottom line.

Summary
Review Date
Reviewed Item
Chase Ink Preferred
Author Rating
51star1star1star1star1star