How to Maximize the 100K Bonus on the Ink Business Preferred

Mar 18, 2020

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The Ink Business Preferred® Credit Card is offering a limited-time elevated sign-up offer for new cardholders: Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®.

This card delivers 3x Chase Ultimate Rewards® points per dollar on the first $150,000 you spend on travel and certain business categories each year. While most individuals may not spend that much within a calendar year on those categories, companies may.

Cardholders earn unlimited triple points on travel, shipping purchases, cable, internet and phone services, as well as advertising purchases on social media and with search engines. This makes the Ink Business Preferred® Credit Card of particular interest to business owners. All other purchases earn 1x point per dollar spent.

What perks come with this card?

For the $95 annual fee, this card’s primary perks are the bonus points earned on eligible spending. That should be your main reason for getting this card — there are no associated lounge memberships or waivers for expedited security or screening programs. The card does not charge foreign transaction fees.

To expedite your earning potential, you can add employee cards at no additional cost, which can help further grow your Ultimate Rewards balance.

How much are Chase Ultimate Rewards® points worth?

Chase Ultimate Rewards® is rather generous in that each point is worth 25% more when you redeem for travel through its online portal. That means these 100,000 points are worth $1,250 toward travel when redeemed through Chase Ultimate Rewards.

And that’s only the bonus itself — we’re not counting the points you’d earn from spending enough to meet the bonus threshold.

If you have a Chase Sapphire Reserve® too, your points could be worth even more. That’s because you can transfer your points earned from this Ink Business Preferred® Credit Card to your Chase Sapphire Reserve®. In doing so, your points can jump in value, since they can be redeemed for 1.5 cents each via the premium Chase Sapphire Reserve®, instead of 1.25 cents.

If you have multiple cards that earn Ultimate Rewards®, you should always try to redeem them from the card where they’ll get the most value. Gary Leff of the View From the Wing blog wrote more on how you can combine multiple Chase cards in one earning strategy by having a card like the Ink Business Preferred® Credit Card serve as a “hub.”

To transfer points, log in to your Chase Ultimate Rewards® account for the card you want to move points from. At the top banner, choose the Combine Points option to move points over.

It will ask you which card you want to transfer the points to and how many you want to move over. This is an extremely simple way to maximize the value of your points.

What can you do with 100,000+ Chase Ultimate Rewards points?

In addition to travel, Ultimate Rewards® points can be redeemed for gift cards, cash back or transfers to other travel partners. These include airlines like British Airways and United or hotels like Hyatt and Marriott.

If you find yourself close to a specific award with miles or points, transferring Ultimate Rewards® is an easy way to top up your account — although it is best to wait until you see a specific award you want before transferring points.

If you want to spend points on travel, here are some examples of great deals out there. For example, we found an awesome round-trip fare from Boston to Limain in Delta business/first class. It costs only $1,026, which means you would have Ultimate Rewards® points to spare if you chose to redeem them through the Chase portal for this booking.

Reservations booked through the Chase Ultimate Rewards® portal earn frequent flyer miles, so don’t forget to add in your airline loyalty number. That’s one benefit of using points to book these tickets rather than redeeming airline miles: They are typically seen as revenue fares that earn miles and are eligible for upgrades.

If you wanted to take the family to Hawaii, at least two people could travel round-trip between Boston and Honolulu with your earnings from this offer (not including points you’d earn with spending to get the bonus).

To use your points, you’d need to search for fares in the Chase Ultimate Rewards® travel portal within your account. You have to log in to your credit card account to get to this portal. The portal itself is easy to use and calculates how many points you'll need for a travel reservation.

Besides hotels and flights, other options for redeeming points include vacation rental homes, cruise itineraries and activities like tours and airport transfers, which can be booked through the relevant tabs within the travel portal.

There is also the option to redeem your rewards as cash back from this business card, which may be wise if you have minimal travel plans on the horizon and plan to invest that cash elsewhere. Still, booking travel (especially in premium cabins or at luxury properties) can deliver greater value from your points if used strategically.

The bottom line

When a hefty sign-up bonus like this comes along, especially for such a low annual fee, it is certainly worth considering if you think you’ll be interested in booking travel opportunities later this year.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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