Chase Ink Preferred Business Credit Card Review (2018.4 Update: 100k In Branch!)


Chase Ink Preferred Business Card‎ Review

2018.4 Update: There’s a 100k offer in branch from 4.29 to 5.5, and the spending requirement is $5000 in 3 months. Unfortunately it seem there’s no online application link. HT: DoC.

2017.05.27 Update: According to at least eight data points in this new Reddit thread, people applying for the Chase Ink Preferred through referral links are automatically seeing the 100k offer attached to their account without calling in or secure messaging after signing up specifically through an 80k referral links. This is likely a glitch and may go away at any time. YMMV.

2017.5.19 Update: I was matched to the 100k offer described on Reddit after completing the minimum spend, calling the number on the back of my card, and requesting the match by referencing the 100k mailer. I was declined on three previous attempts via secure message. If you recently signed up for the Chase Ink Preferred, pick up the phone after you meet the minimum spend and try to get matched!

Application Link


  1. 80k offer: earn 80,000 Ultimate Rewards (UR) points after spending $5,000 within the first 3 months of card membership.
  2. We estimate that Ultimate Rewards (UR) points are worth about 1.6 cents/point, see below for a brief introduction. So the 80k sign-up bonus could be worth about $1280!
  3. If you have this card, you can transfer your UR points to partner airlines miles and hotel points.
  4. Earn 3x UR per $1 spent on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year.  If you have a business that can max out these categories, that’s 450,000 UR per year!
  5. Earn unlimited 1x UR per $1 spent on all other purchases.
  6. Purchase Protection – Covers your new purchases for up to 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  7. Primary car rental insurance. HOWEVER, unless you can prove that you are traveling on business (which you will be required to do in the case of a claim), you will be better using the primary car rental insurance on the Chase Sapphire Preferred or the Chase Sapphire Reserve.
  8. [New] Refer a friend: You can earn 20,000 bonus UR points for every approved account you refer, up to a maximum of 5 approved referrals (100,000 UR points) per calendar year.
  9. No foreign transaction fee.


  1. Annual fee of $95. The fee is no longer waived if you apply in-branch.

Introduction to UR Points

Recommended Application Time

  1. [5/24 Rule] If you have 5 or more new accounts opened in the past 24 months, Chase will not approve your application on this card, no matter how high your credit score is. The number of new accounts includes all credit card accounts, not only Chase accounts. See this post for details about how to possibly bypass this rule.
  2. You are not eligible for this sign-up bonus if you received a sign-up bonus on this card within 24 months. Note that what this 24-month clock starts from when you last got the sign-up bonus, not the time you open the account or close the account.
  3. Don’t apply for more than 1 Chase business credit cards within 30 days, it’s highly likely that you will get rejected.
  4. We recommend that you apply for this card after you have had a credit history for more than a year.


The sign-up bonus is the most lucrative part of this card. If you have a business that is able to max out the 3x UR earning categories to earn an extra 450,000 UR per year, this card is a no brainer. However, I imagine many will struggle to find a place for this card in their wallet after earning the sign-up bonus. Note that unlike the Chase Ink Plus (discontinued) or the Chase Ink Cash, the Chase Ink Preferred does not earn 5x at office supply stores. However, you can product change the Ink Preferred to an no-annual fee Ink Cash.

Recommended Downgrade Options

Historical Offers Chart

Application Link

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