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Small Business Owners, head’s up.
The greatest way that you can use your hard earned points is in a premium cabin flying flat, holding a glass of champagne in your hand ( pinkie out please, we’re fancy), watching a movie, while a moist hot towel is nicely placed to your side. No dirty hands or unrefreshed skin prior to dinner please. Life doesn’t get much better than this, and to think, all it took to fly roundtrip in lie flat business, was just one card sign up? Which one you ask? The Chase Ink Business Preferred. How is this possible? Let’s walk through it.
The Chase Ink Business Preferred comes with a slew of benefits, including an outstanding sign up offer of 80k points after $5k spend.
- 80k points after making $5k in purchases in the first 3 months
- 3x points on all
- travel purchases
- Internet, Cable, and Phone
- Advertising made with social media and search engine ( google ads, etc)
- free employee cards
- and my personal fave: Free cell phone insurance ( we’ll discuss more)
But I don’t have a small business, Miles. You may, and not know it. Keep reading.
Chase is very friendly to entrepreneurs and small business owners. In fact, if you haven’t been in business for long, or you haven’t established yourself with an EIN, you can still apply as a Sole Proprietor ( fill in your SSN ). If you run a small side business (think bloggers, ebay sellers, tutors, consultants, etc) and want a card to segregate your business income from your personal income at tax time…this is a great opportunity to earn a load of points and help yourself out.
Personally, I have two businesses that I run, one has an EIN, and one doesn’t. I still need to keep all of their records separate, and so I have cards for each business.
Let’s get back to that good, good. How can 80k points put me in roundtrip business class?
The Chase Ink Business Preferred earns Ultimate Rewards, and that program has a great transfer partners. You can transfer 1:1 into any of the ones below:
- Aer Lingus Aer Club
- British Airways Executive Club
- Air France FlyingBlue
- Iberia Plus
- Korean Air SkyPass
- Singapore Airlines Krisflyer
- Southwest Rapid Rewards
- United MileagePlusVirgin Atlantic FlyingClub
- IHG Rewards Club
- Marriott Rewards
- Ritz Rewards
- Hyatt World of Hyatt
It was these partners that helped me take my mom on her $125k Around The World trip last year. We utilized Ultimate Rewards extensively. One of her favorites was Singapore Suites 🙂
That’s great. But how about ROUNDTRIP IN BUSINESS? Ok, yes. Back on track. Meet transfer partner, Korean Air.
It’s a program that many don’t utilize, but offers amazing sweet spots. One of them is US to Europe. Just 80k points roundtrip
This means that if you can find the availability, you can use your 80k point bonus to fly roundtrip in business class. Like this one on Air France featuring reverse herringbone seats.
The points are amazing, but remember I spoke of cell phone insurance up above. Yep, you get it as part of paying that $95 annual fee.
In order to qualify you need not have purchased your phone with your Ink Business Preferred, just pay the bill on it. I used to pay $12.95 a month for insurance, but now, that’s money in my pocket. As you can see below, you’ll the insurance, which covers you up to $600 per claim, with a $100 deductible, free just by holding on the card. That’s incredible, and means I’m $61 ahead just taking this one benefit into account.