Chase Ink Preferred Has Lowered Its Minimum Spending Requirement for 100,000 Points

Steve Cummings

Chase Ink Preferred

Small businesses spend money to make money, and one of the best ways to get money back is through credit card points and cash back. The Chase Ink Preferred has lowered its minimum spending requirements by 100,000 points. That means more points for less. What would you do with 100,000 Chase Ultimate Rewards points?

The Chase Ink Preferred now has an offer of 100,000 Ulitmate Rewards points for spending $8,000 in the first three months. That is one great offer. The card was at one point 100,000 points after spending $15,000. Now the spending limit is half that making this one of the most incredible offers for a business credit card.

The Chase Ink Preferred is a great business card that gives many business owners great benefits for travel, and protections on purchases, and it comes with a low annual fee of $95. It is hard to beat this card with all that firepower. 

Chase Ink Preferred Overview:

The Chase Ink Preferred has been considered one of the best business credit cards for big spenders. At a $15,000 required minimum spending to hit the welcome bonus, it takes some big spending to hit that bonus. 

The great thing is not only will you get reward points from the welcome bonus, but you will also get bonus points for travel, shipping, advertising, and phone and internet. 

Think about the Chase Ink Preferred like the Chase Sapphire Preferred. It comes with a $95 annual fee, you can use the points to send to transfer partners, or you can use the points in the Chase travel portal at 1.25 cents per point. If you prefer to avoid traveling, no problem. The points can be used as cashback for 1 cent per point. That is at least a $1,000 value or even a value of $1,250 through the travel portal. 

  • New Cardmember offer: 100,000 after $8,000 minimum spend in three months after account opening. 
  • Earn 3x Ultimate Rewards Points: 3 points for every dollar spent on travel, advertising on social media or the internet, and shipping, phone & internet for the first $150,000.
  • Earn 1x Ultimate Rewards Points on every other dollar spent for the business.
  • Travel Protections: If a trip is canceled short, you can claim up to $5,000 for cancelations and nonrefundable items per person—$ 10,000 max per trip.
  • Rental Car Insurance: Primary rental car insurance when renting a vehicle
  • Purchase Protection: Up to $10,000 to cover damaged items in the first 120 days. A max of $50,000 for all claims per year. 
  • Cell Phone Insurance: If the car pays the cell phone bill, there is protection for up to $1,000 per claim on stolen or damaged phones. There is a limit to three claims per year and a $100 deductible. 
  • Foreign Transaction Fees: None
  • Annual Fee: $95

With these points alone, you could get 2 cents per point value, depending on how you use the points. The many transfer partners can offer some significant redemptions. 

Learn more about the Chase Ink Preferred

Redeeming Points From the Chase Ink Preferred

With that massive haul of points, finding a good use for them is not hard. The best value would be to use them for travel. The Ultimate Rewards points have many transfer partners to which you can transfer points. 

  • Aer Lingus
  • Air Canada
  • British Airways
  • Emirates
  • Flying Blue (Air France – KLM)
  • Iberian Plus
  • JetBlue
  • Singapore Air
  • Southwest
  • United
  • Virgin Atlantic
  • IHG
  • Marriott Bonvoy
  • World of Hyatt

With the flexibility of points, you are able to move on to one airline or hotel partner. You can even look at redemption rates on flights through different partners. Why pay 77,000 United miles for business class to Europe when you can pay 60,000 Air Canada Aeroplan miles for the same flight? 

Which Cards Compete With Ink Preferred?

There are a couple of cards that compete with the Chase Ink Preferred.

  • American Express Gold Business Card: The American Express Gold Business card costs $295 yearly. It gives 4x Membership Reward points for the two highest monthly category spends. The current bonus is 70,000 points for spending $10,000 in three months. 
  • Capital One Spark Miles: The Capital One Spark Miles is no thrill card with different bonus categories. It makes it simple to earn miles with unlimited 2x miles on every dollar spent. The annual Fee of $95 is waived after the first year, but the welcome bonus is only 50,00 miles after spending $4,500 in the first three months. 

If these two cards are different from the ones for you, then there are a couple more Chase Ink Business Cards that may fit what you are looking for. 

Choose Other Ink Cards For Your Business

The Chase Ink Preferred is not only one of the best business credit cards but one of four that you can add to the Chase Ink family. There are the Chase Ink Cash, the Chase Ink Unlimited, and the Chase Ink Premier. Each of these cards can be valuable to your business. 

Be wary of the Chase 5/24 rule, which constricts you from adding more than 5 cards in 24 months, but these business cards will not count as an additional card. If you have only gotten four cards, then you can add another, but it will not count for adding that fifth card. It can be a little confusing. 

Bottom Line:

As you earn and spend more with a business, it is time to take some rewards. Business cards can give you much-needed bonuses and points that can give you opportunities. You can use these points as cashback for one cent per point or for travel which can have anywhere from 1.25 cents per point up to even 10 cents per point. 

The Points Guy usually says Chase Ultimate Rewards points are valued at 2 cents per point, so do your math. Take advantage of the high point bonus and the low spend opportunity. The Chase Ink Preferred has a great deal!

Learn more about the Chase Ink Preferred

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