As I wrote about a few weeks back, Chase was in the works on releasing it’s newest business credit card. It’s now out and applications are live on Chase’s website.
The card is called Ink Business Preferred and replaces the Ink Plus business credit card, which you’ll notice is no longer available on Chase.com.
Chase Ink Business Preferred Credit Card
Here is a quick look at what the card offers as far as benefits, annual fee, and how to get approved.
The card is offering a welcome bonus of 80,000 Ultimate Rewards points after spending $5,000 within the first three months.
The card offers the following earning structure:
- Earn 3 points per $1 on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines (up to $150,000 spent per year).
- Earn 1 point per $1 on everything else.
When you redeem points for travel you will get a 25% bonus, which makes each point worth 1.25 cents each. This is the same deal as the old Ink Plus and Sapphire Preferred.
The card does have a $95 annual fee which is not waived the first year, however there are reports that the card may come with a waived first year annual fee when applying in a branch.
Thus far reports are indicating that this card does in fact fall under Chase’s 5/24 rule.
Similarly to the Chase Sapphire Reserve, you may be able to still get approve if you are pre-approved in branch.
The Bottom Line
The new Chase Ink Business Preferred card comes with a valuable 80,000 welcome bonus which is higher than the previously offered 60,000 to 70,000 point bonus that came with the Ink Plus.
However with the new card you loose the benefit of 5x points earning at office supply stores, which many found valuable.
If you are still under 5/24, this could be a card worth looking into however I would still opt for the Chase Sapphire Reserve before this card.
If you are over 5/24 it’s worth a shot to go into your local Chase branch and inquire if you have any pre-approved credit card offers.
|Chase Sapphire Preferred Credit Card|
|Quick review: You'll earn 60,000 bonus points after spending $4,000 within the first 3 months of signing up. Plus continue to earn 2X points on travel and dining. The card does have a $95 annual fee.|
Why we like it: For anyone new to travel rewards credit cards, this card is the best place to start. With a modest annual fee you still earn 2X points on travel and dining. You earn Chase Ultimate Rewards points that are extra valuable when you transfer them to transfer partners. Not to mention the 60,000 bonus point welcome bonus gets you off to a great start on earning free flights and hotel stays.