Chase Ink Business Preferred, Targeted 120K Bonus

Chase is sending out an amazing offer by mail for the Ink Business Preferred credit card with a bonus of 120,000 Ultimate Rewards points. The regular offer is 80,000 and during ‘National Small Business Week’ between April 29th and May 5th they have an increased  100,000 Ultimate Rewards points offer in branch.

Chase Ink Business Preferred 120K bonus

Chase Ink Preferred 100K Offer Details

Earn 120,000 Bonus Points – To qualify and receive your bonus, you must make Purchases totaling $5,000 or more during the first 3 months from account opening.

Card Benefits

  • Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:
    • Travel, including airfare, hotels, rental cars, train tickets and taxis
    • Shipping purchases
    • Internet, cable and phone services
    • Advertising purchases made with social media sites and search engines
  • Earn unlimited 1 point per dollar on all other purchases
  • Cell Phone Protection — up to $600 per claim
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee (not waived)

Chase 5/24

Chase auto denies you for some of their cards if you’ve received more that 5 new credit cards in the last 24 months. Chase Ink Preferred is one of those cards that falls under this rule. Sometimes you’re able to get around this rule with in-branch pre-approvals or this new possible option. Targeted offers sent by email or mail do not bypass 5/24 rule.

Warning

There’s some risk involved since the spending requirement is rather large. Too many recent credit cards and large spending spikes have been causing reviews and subsequently shutdowns from Chase. There’s really no golden rule here, besides proceeding with caution. If you do apply for these cards it could be a good idea to increase your spending gradually.

Guru’s Wrap-Up

This is a tremendous offer and the best we have seen on this card. The card does fall under the 5/24 rule so not everyone will qualify. 120K UR points are worth $1,500 toward travel rewards when you redeem through Chase Ultimate Rewards, but well over $1,800 for most people. If you were targeted and are eligible to apply, definitely go for it. Just keep in mind that there’s some risk involved since the spending requirement is rather large.

HT: DoC

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