Chase is still going strong, or “aggressive” as they like to say, in the points market! Just months after releasing the greatest credit card of the year – the Chase Sapphire Reserve – they have confirmed that they will soon be launching yet another new card. This card is for small businesses (like the Chase Ink Plus and Chase Ink Cash) and will be called the Chase Ink Business Preferred. Here is what we know about this card so far.
Confirmed: The Chase Ink Business Preferred with 80,000 Point Bonus
- 80,000 Ultimate Reward points after spending $5,000 in 90 days
- 3X Bonus Points on all travel, telecommunication, shipping, and advertising (on social media and search engines) – capped at the first $150,000 in a year
- Annual fee – $95 (waived for the first year if you open in a branch)
The Chase Ink Business Preferred is in the Chase Ink lineup so natural comparisons will be drawn to its (little?) brother – the Chase Ink Plus. That card also carries a $95 annual fee (which can be waived if opened in a branch as well) and has come with bonuses as high as 70,000 Ultimate Reward points.
Difference Between the Chase Ink Business Preferred and the Chase Ink Plus
But, there is one key difference between the two cards – the Chase Ink Plus has 5X points on telecommunications and office supply stores as well as 2X points at gas stations. The Chase Ink Business Preferred has 3X on telecommunications and nothing for office supply stores. Chase Ink cardholders love the 5X at office stores as these stores sell gift cards that can make it easy to earn 5X points on a lot of everyday spending. But, the 5X bonus is capped at $50,000 per year so if you are not an office supply/gift card shopper, then the $150,000 cap of the new Chase Ink Business Preferred will likely be the more attractive option.
If you were able to hit the cap, that would mean a total of 450,000 Ultimate Reward points per year! That is tremendous! Of course, that is a lot of spending but that spending can now include all travel (like the Chase Sapphire Reserve), shipping and online advertising. There are a lot of small businesses that will be able to take advantage of these new categories for sure.
The Chase Ink Business Preferred will be launching later this year and we can assume that the Chase 5/24 rule will come enforced on this card. Save up those applications and hopefully you will be able to grab this beautiful new offer of 80,000 points!