Chase Ink Preferred Card, Get Up to 160K Bonus with $50K Spend

Update (Aug. 4, 2021) – This offer is still available through a business relationship manager. You don’t even have to visit a branch as per this data point on reddit. Applying through a BRM banker is also one of the ways to bypass Chase 5/24 restrictions.

Chase is celebrating Small Business Month with a best ever offer for the Chase Ink Preferred Card. You can earn a bonus of up to 160,000 Ultimate Rewards points, but the offer is available in branch only during the month of May. You need to spend a total of $50,000 to get the full bonus, but you also have the option to earn the public bonus of 100,000 points after spending $15,000.

Offer

• Earn 100,000 BONUS POINTS after you spend $15,000 on purchases in the first 3 months from account opening.
• Plus an additional 60,000 BONUS POINTS after you spend $50,000 on purchases in the first 6 months from account opening.
• $95 Annual Fee (Not waived)

Find your nearest Chase branch here.

Card Details

• Earn:
  • 3X points per $1 on the first $150,000 spent in combined purchases on shipping purchases, advertising purchases made with social media sites and search engines, Internet, cable and phone services, and travel each account anniversary year
  • 1X point all other purchases
• Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 towards travel. Plus 25% more value with Pay Yourself Back.
• Auto Rental Collision Damage Waiver
• Trip Cancellation/Trip Interruption Insurance
• Purchase Protection and Extended Warranty Protection
• Cell Phone Protection
• No Foreign Transaction Fees
• Annual Fee: $95
• Employee cards at no additional cost

Applying for the Card

Chase business cards do not report to your personal credit report, so will not affect your Chase 5/25 status. But, this card falls under the 5/24 rule itself, so it will be out of reach for many people.

Chase Ink Preferred 160K Bonus: Guru’s Wrap-up

The regular offer for the Chase Ink Preferred Business Card is 100,000 Ultimate Rewards points. You can still earn that bonus, but you also have the opportunity to spend an extra $35,000 within the first six months to get an additional 60,000 points. It works out to an additional 1.7X Ultimate Rewards on all purchases. That’s a pretty good deal, especially if the spending is in categories that earn 3X.

HT: prateek07