The Single Biggest Business Card Sign-Up Bonus

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There are a lot of great credit card bonuses out there, though there has been one card that has the single best publicly available sign-up bonus for over six months, and I haven’t written about it in a while. It’s also arguably one of the most compelling business credit cards out there.

A huge 80,000 point sign-up bonus

The Ink Business Preferred℠ Credit Card was launched last November, and is intended to be the business version of the Chase Sapphire Preferred® Card. The card has a massive sign-up bonus of 80,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months, and those points can be combined with the Ultimate Rewards points earned on other cards.

I value Ultimate Rewards points at 1.7 cents each, so to me the 80,000 points are worth ~$1,360.

The card has a very reasonable $95 annual fee, but for that you get an incredible return on spend and also some great purchase protection.

As a comparison, The Business Gold Rewards Card from American Express OPEN has been offering a 50,000 point welcome bonus after spending $5,000 in the first three months. The annual fee on the Amex is $195, though it’s waived for the first year.

Triple points on great bonus categories

The Ink Preferred Card offers triple points in the following categories:

  • Travel
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases made with social media sites and search engines

You earn triple points on the first $150,000 spent in combined purchases in the above categories each account anniversary year (which means they’re not using a January 1 through December 31 calendar, but rather it’s based on when you signed up).

That’s a huge return on spend, and makes this one of the most valuable business credit cards, in my opinion.

Great protection benefits

In addition to a huge sign-up bonus and great return on spend, the card also has some other valuable perks that you don’t see on many other business cards. Specifically, the Ink Preferred Card offers:

  • Primary collision damage waiver coverage
  • Trip cancelation and interruption coverage, of up to $5,000 per trip
  • Purchase protection for up to 120 days against damage or theft
  • Extended warranty protection, for up to a year on eligible purchases
  • Price protection if the price of a purchase drops within 90 days
  • Cell phone protection of up to $600 per claim

That last point is a very unique benefit you don’t see on many cards. The coverage is for up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Ink Preferred Card. You can make at most three claims in a 12 month period, and there’s a $100 deductible per claim.

This is huge, as I don’t know of any other card that offers such a generous cell phone benefit (and who hasn’t broken their cell phone at one point or the other?).

Of course terms and conditions apply to each of the above, so make sure you read the cardmember agreement to figure out all the rules associated with this.

This card lets you maximize the value of three no annual fee cards

While the Chase Sapphire Preferred® CardInk Business Preferred℠ Credit Card, and Chase Sapphire Reserve℠ Card are valuable alone, they also make other cards more valuable.

Specifically, Chase has three fantastic no annual fee cards that can help you earn more Ultimate Rewards points. I’m talking about the:

By having a card that earns Ultimate Rewards points, like the Ink Business Preferred, you can convert the points earned on the card (where one point is ordinarily worth a penny) into Ultimate Rewards points, which I value at ~1.7 cents each. So just having this card makes other cards more valuable as well.

Getting approved for the card

This is the only downside to the Ink Preferred Card. The card is subject to Chase’s 5/24 rule, meaning that you won’t typically be approved for the card if you’ve opened five or more new card accounts in the past 24 months.

So if you’re under the 5/24 limit, this is all the more reason to apply for the card now, so that you can get it while you’re eligible.

Bottom line

When it comes to credit cards I look for three things — the sign-up bonus, the return on spend, and the long term perks it offers. In all three areas, the Ink Preferred Card excels. If you don’t yet have this card and are eligible, I’d highly recommend applying.

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Comments

  1. You can get a 100k bonus if you go in branch and speak with a Business Banker. I just got it. I was over 5/24, too.

  2. I don’t totally understand why you would get this card if you already have the no annual fee Ink Business Cash card since you would get higher spending bonuses of 5x on ink business cash with internet, cable and phone services and office supply stores. i know there’s a limit to that but i personally don’t see myself hitting that limit of $25k in a year.

    i guess i might consider getting it and then canceling my chase sapphire preferred for the additional point on travels and ability to transfer points from the no annual fee chase cards but i think the travel spending on the chase sapphire preferred might be more broad since it includes parking

  3. Telling people to get credit cards is like telling a hot virgin how great sex is and how she should just go for it.

    Once you lose your 5/24 you will never get it back and the guy you sold you the story will move on the next virgin.

  4. @Debit – your analogy totally doesn’t work.

    once you lose your 5/24, you wait a few months, then you’re at 4/24. OR if you wait 24 months, you’ll be 0/24…

  5. I have too many points but dont have the time to travel. Now this one is tempting.

    Can I apply if I have a Chase Business Ink ?

    on a personal note, I had planned a trip in November to Japan and Korea. But I think it will be Hong Kong and Bangkok instead.

    What do you all do for a living?

  6. I’ll wait until this offer is at 100k again, they bump it up every year for a limited time.

  7. I do need 80,000 miles for my next trip.

    So help me here please, I’m a bit confused about the fine print; “When you use points to redeem for cash and gift cards, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. When you use points to redeem for travel, each point is worth $.0125 (one and a quarter cents), which means that 100 points is worth $1.25 in redemption value.”

    Thus 80,000 points = only 1000 miles redemption value?

    That’s it?

  8. Just applied. Have racked up 400,000 Amex points in the first 6 months of having the Business Gold Card, but have been looking for a supplementary card with good travel rewards to use for all of my company’s travel purchasing. This seems like the right choice.

  9. A grammar nazi writes:

    “That last point is a very unique benefit…”

    The word “unique” is like the word “pregnant”; you either are pregnant or you’re not. Yes, yes: I know “very pregnant” might take a meaning of “having gone through the majority of the normal pregnancy period”, but let’s forget that. Er…

    The word “unique” is like the word “virgin”. You are either a virgin or you’re not. Yes, yes, I know those mid-west girls stick to a rigid definition involving, er, front passages. But the point remains. Something is either unique, or it is not. “Very unique” makes no sense.

    There. I feel better now I’ve managed to get that out. Now, what were you saying…?

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