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3 Reasons to get the Chase Ink Business Preferred
I’m often asked which credit card is best. It’s like asking “Tiger or Jack, Jordan or Lebron, Mickey or Goofy?” How much time do you have? The single card that almost always ends up a finalist for small business owners is the Chase Ink Business Preferred. In fact, I’d say it’s the most popular card I’ve recommended to friends and family. I thought I’d give you the 3 reasons why it’s an absolute no brainer to have in your wallet.
1) An incredible 80k Welcome Offer after $5k spend.
Of all the cards that earn Chase Ultimate Rewards, this card offers the highest public welcome bonus, bar. none. Spend $5k in the first 3 months of account opening and you’ll get a whopping 80k bonus points. What can you do with 85k Ultimate Rewards? SO MUCH. How? Transferring them into partners for aspirational redemptions.
Using United or Singapore miles to fly on Lufthansa First Class is on every AV Geek’s bucket list. One great benefit of using United miles is avoiding the taxes and fees
Another great option is transferring Ultimate Rewards to British Airways and using it for upgrades. I’ve been quite fortunate to nab great business class fares out of mainland Europe ( $1300+) and then upgrade with points. Here’s a quick review of one I just completed where I upgraded for just 25k points.
We used Chase Ultimate Rewards to stay at a $1k a night villa by taking advantage of Hyatt as a transfer partner
2) Earn 3x points on all travel and many business expenses up to $150k a year.
While other credit cards may give a higher rate on airlines or specific hotel chains, the Ink Business Preferred will give you 3x points on anything coded as travel. This includes Uber, Tolls, Taxis, Hotels, and Airfare ( even purchased with various consolidators )
That takes a lot of thinking out of the equation.
3) Free Cell-phone Insurance. Saves me $10 a month easily.
This has been blogged about a lot, but it’s just such a great benefit. Get $600 of free cell-phone insurance with a $100 deductible as long as you pay your cell-phone bill with your Ink Business Preferred. You don’t even need to have purchased the phone with your Ink Business Preferred. 3 claims per 12 months.
These are the 3 benefits that I usually point to when explaining why I’m using the card, or recommending it to the people I want the best for in my life. On top of these benefits, you’ll also be able to convert Cash back earned from the Chase Freedom, Freedom Unlimited, Ink Cash, or Ink Business Unlimited into Ultimate Rewards. If this strategy is interesting to you…check out our post on the Chase Quadfecta that explains how you can optimize the points you earn on your day to day spend.
More details you ask:
Chase Ink Business Preferred Benefits
1) 80k points welcome bonus after $5k spend in 3 months
2) 3x on first $150k spent on
Phone, Cable, Internet
Social Media/Search advertising
3) 1x on all other purchases
4) Cell Phone Insurance
5) No Foreign Transaction fees
6) Add additional employee cards
7) Redeem at 1.25c for travel with Chase Travel
8) $95 annual fee
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for small business owners who want triple points on valuable categories + free mobile phone insurance. Enjoy an all time high sign up bonus as well!
♥ Earn 80k Bonus Points after $5k Spend in 3 months
♥ 3x on travel, mobile phone, internet, cable, social media advertising, and shipping ( up to $150k )
♥ Earns some of the most valuable points in the industry