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The Chase Ink Preferred comes with 100k bonus points — here's how to get 150k Chase points for less effort

Sept. 15, 2021
8 min read
Hyatt Zilara Rose Hall beach
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The Ink Business Preferred Credit Card currently comes with one of the best travel credit card welcome bonuses in the credit card world: 100,000 Chase points after spending $15,000 on purchases within the first three months of account opening.

That's a sizeable spending requirement to achieve — and a tight window to achieve it. But the payoff is fantastic. TPG valuations peg Chase Ultimate Rewards at 2 cents each, making this bonus worth $2,000 in travel (and tons more if you know the best ways to use Chase points).

But there's a way to earn 50% more bonus points with (potentially) double the time frame to meet that lofty spending requirement. Oh, and you won't have to pay an annual fee, either. Note that the Chase Sapphire Preferred Card also offers 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. It's a personal card, while the Ink Business Preferred is for small businesses.

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The Park Hyatt Sydney costs 30,000 Hyatt points per night -- or 30,000 Chase points per night. (Photo courtesy of Hyatt)


Earn 100,000 Chase points with the Chase Ink Business Preferred

(Photo by John Gribben for The Points Guy)


I've been eyeing the Ink Business Preferred® Credit Card 100,000-point bonus for over a year now. If you were to transfer all those points to valuable Chase airline and hotel partners, you could fulfill just about any goal on your bucket list. For example, after meeting minimum spending requirements, you'd have enough rewards to:

  • Book three round-trip coach flights to Hawaii
  • Book four nights at a five-star all-inclusive hotel in the Caribbean, like the Hyatt Zilara Cancun
  • Book three lie-flat business class flights from the U.S. to Spain (one-way)
  • Book four round-trip coach tickets from the U.S. to Ireland
  • Fly round-trip to Japan in first class

As enticing a bonus as it is, the requirement to spend $15,000 in three months is a challenge for most of us. I just can't organically spend $5,000 per month. Cut that requirement in half, and then we'll talk.

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Let's talk: 50,000 more points and an easier spending requirement

Whether or not you can hit the $15,000 spending requirement in three months, there's another direction you should be looking to accrue Chase points quickly.

Both the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card come with their highest-ever bonuses. They offer $750 after spending $7,500 in the first three months of account opening. Opening both these cards would mean you'd earn 150,000 Chase points after spending $15,000 — the same figure you'd need to spend to achieve the Chase Ink Preferred bonus. Keep in mind, while Chase business cards don't count towards your 5/24 standing, If you are approved for a Chase business card, you must be below 5/24 to get approved for most Chase business cards.

Still, if you were to space out your applications, you could potentially have up to six months to achieve the $15,000 in spending. I say "potentially" because we don't know how long these monster 90,000-point bonuses will last. The Chase Ink Cash and Ink Unlimited are no annual fee credit cards, after all. These deals are seemingly too good to last — though they've been around for over a year now.

I plan to open one at the beginning of December and one at the end of February. Instead of spending $5,000 per month, I'll only need to spend $2,500 per month. If we get word that the bonuses are decreasing before late February, I'll just wait as long as possible to open my second card. If you subscribe to our newsletter, we'll alert you to the end date, as well.

Once you earn these two card bonuses, you could do all the things you could do with the Ink Business Preferred bonus and more. For example:

  • Spend five nights at the Park Hyatt Sydney, which regularly sells for $700+ per night
  • Fly round-trip in lie-flat business class to New Zealand
  • Stay four nights at the all-inclusive Hyatt Calala Island, a (nearly) private island off the coast of Nicaragua
  • Many other fun things
The Chase Ink Cash and Ink Unlimited sign-up bonuses can score you four nights at the Hyatt Calala Island. (Photo courtesy of Hyatt)


Spending $15,000 in six months

When you open a new travel credit card, you may be shocked at how easy it is to meet minimum spending requirements if you just shift all of your spending to that card each month. This $2,500 requirement shouldn't be too difficult to accomplish by funneling all bills through one card.

Here are the monthly expenses I'll be switching to my first Chase Ink card:

  • Rent/utilities - $1,700
  • Cell phone - $150
  • Car/renters Insurance - $180
  • Groceries - $400
  • Dining out - $250

This amounts to a little over $2,500 per month. You can pay many billers that don't accept credit cards by using Plastiq. This includes rent, car payments, tuition and more. There's a 2.85% fee from Plastiq (sometimes lower with promotions), so it's only a good idea when you're trying to meet spending requirements on a credit card.

It's also important to keep in mind that you can only transfer Chase points to partners if you have one of the following Ultimate Rewards earning cards:

Points earned from the Ink Cash and Ink Unlimited can only be transferred to partners by pooling your points together with one of the aforementioned cards.

Bottom line

The Ink Business Preferred® Credit Card currently offers 100,000 points after spending $15,000 within three months. You can think of that as earning at least 7.6 points per dollar (115,000 points/$15,000 in spending).

The combined bonuses and spending requirements of the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card are 150,000 points after spending $15,000 in six months. Think of this as earning at least 11 points per dollar (165,000 points/$15,000 in spending). That's more return per dollar, plus a much more manageable spending requirement.

It's also worth noting that you can have all three Ink cards at once. If you can swing the spending, do it. But if that Ink Preferred 100,000-point bonus is staring you in the face, and you're just not sure you can achieve it, then opening these two no-annual-fee Ink cards is the easier — and much more rewarding — option.

Application link: Ink Business Preferred Credit Card available for up to 100,000 bonus points.
Application link: Ink Business Cash Credit Card available for up to 75,000 bonus points.
Application link: Ink Business Unlimited Credit Card available for up to 75,000 bonus points.

Featured image by You can use Chase points to book Hyatt Zilara Rose Hall in Jamaica, an all-inclusive resort. (Photo by Benji Stawski/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

TPG Exclusive Offer
TPG Exclusive Offer
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 5X points
5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.

Intro offer

Earn 150,000 points120,000 points
The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

Annual Fee

$695

Recommended Credit

670-850
Good, Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.
Apply for The Business Platinum Card® from American Express
at American Express's secure site
Terms & restrictions apply. See rates & fees
TPG Exclusive Offer
TPG Exclusive Offer
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

5XGet 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
1.5XEarn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
1X1X points for each dollar you spend on eligible purchases.
  • Intro Offer
    The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.

    Earn 150,000 points
    120,000 points
  • Annual Fee

    $695
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Good, Excellent

Why We Chose It

It's hard to find a card that competes with the mile-long list of benefits that come with the Amex Business Platinum. While it's certainly not the card for the average consumer, a business owner with tons of expenses -- especially related to travel -- will find this card incredibly valuable. This card is similar to the consumer version that Amex offers, but with more business-oriented perks around statement credits and earning rates that are a better fit for business owners.

Pros

  • An up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years
  • Up to $400 annual credit for eligible U.S. Dell purchases (enrollment required)
  • Gold status at Marriott and Hilton hotels (enrollment required)
  • Access to the Fine Hotels & Resorts program and Hotel Collection
  • Extended warranty protection
  • International Airline Program and Cruise Privileges Program

Cons

  • Steep annual fee
  • Difficulty meeting $15,000 welcome offer for smaller businesses
  • Limited high-bonus categories outside of travel
  • The Points Guy Exclusive Offer: Earn 150,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card® within the first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.