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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

Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site

Rewards

1 - 10X points
10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases

Intro offer

Earn 10,000 Bonus Points
Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

Annual Fee

$95

Recommended Credit

Fair/Good
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

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site
Terms & restrictions apply. See rates & fees
Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases
  • Intro Offer
    Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

    Earn 10,000 Bonus Points
  • Annual Fee

    $95
  • 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.

    Fair/Good

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees