Purchases that qualify for 3x points with the Ink Business Preferred
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Editor’s note: This is a recurring post, regularly updated with new information and offers.
The Ink Business Preferred Credit Card is a popular card for small-business owners because it earns transferable Ultimate Rewards points in multiple common business spending categories. The Ink Preferred is currently offering an elevated 100,000-point sign-up bonus that will be useful for future travel once coronavirus concerns have subsided.
So, let’s take a closer look at the types of purchases that earn bonus points on the Ink Business Preferred Credit Card as well as the details of the elevated sign-up bonus.
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases with social media sites and search engines
If you spend $150,000 in these categories during an account anniversary year, you earn 450,000 Ultimate Rewards points on your purchases. Based on TPG’s valuation of Chase Ultimate Rewards points at 2 cents each, these points would be worth a whopping $9,000.
Even if you only value Ultimate Rewards points at the 1.25 cents of value you can get from the Chase Ultimate Rewards travel portal (1.5 cents if you transfer your Ultimate Rewards points to the Chase Sapphire Reserve), these points would still be worth $5,625 in travel — giving you a minimum return of 3.75% on your purchases.
Related reading: How to choose the right credit card for your business expenses
You may be wondering exactly which merchants are covered by the Ink Business Preferred’s 3x bonus categories. Luckily, Chase provides more guidance on its website. Here are the definitions:
Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.
Merchants that provide transportation and travel-related services are not included in this category; for example, real estate agents, educational merchants arranging travel, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, excursions, tourist attractions, boat rentals, merchants within hotels and airports, and merchants that rent vehicles for the purpose of hauling. The purchasing of gift cards, points or miles do not qualify in this category unless the merchant has set up such purchases to be classified in the travel category.
Merchants in the shipping category specialize in mailing packages, hauling freight, and transporting goods or documents. Shipping merchants include couriers, postal and freight shipping companies, express shipping services and mailbox stores.
Merchants who sell a wide variety of general goods but also ship items, including office supply stores that also mail packages will not be included in this category. The additional cost to ship something you buy, or using a third party (such as Amazon) for bulk warehousing and shipping will not qualify. Merchants that primarily sell boxes, packing tape, bubble wrap or other shipping supplies are also not included in this category.
Internet, cable and phone services
Only purchases for internet, cable, satellite television and radio, cellular, wireless data, and landline services will qualify.
Purchases of equipment are not included. If you purchase or pay for your internet, cable and satellite television, phone or related services in a merchant’s store that is not classified by the merchant in the applicable services category, the purchase or payment will not qualify; for example, phone bill payments in a merchant’s store that is classified as a telephone equipment store.
Advertising purchases with social media sites and search engines
Merchants in the social media and search engine advertising category include social media websites (such as Facebook and Twitter) and online search engines (such as Google AdWords and Microsoft Bing Ads) that advertise a business, brand, products or services.
Advertising purchases that are not made directly from a social media website or online search engine merchant may not qualify; for example, advertising purchases made through a third party such as an ad agency or web designer offering related services. Also, purchases from social media websites or online search engines that are not for advertising will not qualify; for example, subscription or app purchases.
Related reading: One year of earning and burning with the Ink Business Preferred Card
Currently, the Ink Business Preferred Credit Card offers a sign-up bonus of 100,000 bonus points after you spend $15,000 on purchases in the first three months. These 100,000 points are worth $2,000, according to TPG’s valuations, if you transfer them to airline and hotel transfer partners.
There are 10 airline and three hotel Chase Ultimate Rewards transfer partners, so you can snag many sweet spots when you utilize this redemption option. One valuable transfer partner is The World of Hyatt program for redemptions at low-category or high-category properties. Another popular option is to transfer to Iberia to redeem for distance-based, nonstop flights between the U.S. and Madrid. Finally, United Mileage Plus is a solid transfer choice for many U.S.-based travelers, even with last year’s removal of fixed-award charts.
Even if you plan to use your points to book travel through the Chase Ultimate Rewards travel portal at 1.25 cents per point of value (1.5 cents if you transfer your Ultimate Rewards points to the Chase Sapphire Reserve), the sign-up bonus would still be worth $1,250 in travel.
The Ink Business Preferred Credit Card opens the door to accelerated earning in the Chase Ultimate Rewards landscape with just a $95 annual fee. Now that you understand the 3x earning categories better, you can use the Ink Business Preferred alone or add other cards that earn Chase Ultimate Rewards like the Ink Business Cash Credit Card and the Ink Business Unlimited Credit Card to the mix to further maximize the points you earn.
Apply here for the Ink Business Preferred Credit Card
- A great all-around business card: Ink Business Preferred Credit Card review
- Best business credit cards
- The three credit cards you should use for Facebook and Google ad spending
- The best business and personal credit card combinations
- The best business cards that earn transferable points
- Chase Ink Business cards showdown: Cash vs. Unlimited vs. Preferred
Featured image by Wyatt Smith/The Points Guy.
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees