Chase Has Brought Back One of the Best Business Card Bonuses of the Year
If you run a small business or have a side hustle that generates even modest income, you need to pay attention to what Chase just put back on the table. The Chase Ink Business Preferred Credit Card is once again offering a massive 100,000-point welcome bonus, and it stands out as one of the most compelling bank card offers available to business owners right now. Whether you have been sitting on the fence about applying or you simply missed this bonus the last time it appeared, now is the time to act before it disappears again.
In the world of travel rewards and business credit cards, a six-figure welcome bonus is not something that comes around every day. When it does, the smartest thing you can do is understand exactly what you are getting, what it takes to earn it, and how to put those points to work. This guide breaks all of that down so you can make a confident, informed decision.
What Is the Chase Ink Business Preferred Credit Card?
The Chase Ink Business Preferred Credit Card is a small-business credit card issued by Chase, one of the largest and most respected banks in the United States. It earns Chase Ultimate Rewards points, which are widely regarded as among the most valuable and flexible points currencies available from any major bank. The card is designed specifically for business owners, freelancers, entrepreneurs, and anyone who has a legitimate side hustle generating income.
Despite offering premium-level benefits and a substantial welcome bonus, the Ink Business Preferred carries an annual fee of just $95. For context, that is considered low in the premium credit card space, especially when you factor in the potential value of the rewards on offer. Many competing cards with similar bonuses charge $250, $550, or even more per year just to hold the card.
Breaking Down the 100,000-Point Welcome Bonus
The headline offer here is 100,000 Chase Ultimate Rewards points after meeting the minimum spending requirement within the first three months of account opening. But what does 100,000 points actually mean in real-world value? The answer depends on how you use them, and the range is surprisingly wide.
At the most basic level, you can redeem those points for cash back or statement credits, typically at a rate of one cent per point. That puts the value of 100,000 points at $1,000 in straightforward cash value. That alone would make the offer worthwhile, particularly given the modest $95 annual fee. But the real power of Chase Ultimate Rewards points shows up when you transfer them to travel partners.
Chase has partnerships with a roster of highly valuable airline and hotel loyalty programs. When you transfer your points to these programs at a one-to-one ratio, the potential value can increase dramatically depending on how you book. Here are some of the standout transfer partners currently available:
- World of Hyatt: Hyatt points are considered among the most valuable hotel points in existence. A transfer of Chase points to Hyatt can unlock luxury hotel stays that would otherwise cost hundreds of dollars per night, often at a redemption rate of two cents per point or more.
- United MileagePlus: United miles transferred from Chase can be used to book award flights on United and its Star Alliance partners, which include dozens of international carriers. Business and first-class redemptions on international routes frequently offer the best value.
- Air France KLM Flying Blue: Flying Blue frequently runs monthly promotions with discounted award pricing on select routes, making it a go-to program for travelers headed to Europe, Africa, and beyond.
- British Airways Avios: Avios are particularly useful for short-haul domestic flights on American Airlines and Alaska Airlines, as well as for premium cabin awards on British Airways and Iberia long-haul routes.
- Singapore Airlines KrisFlyer: Singapore Airlines consistently ranks among the best airlines in the world, and its first-class and business-class products are legendary among frequent flyers. Transferring Chase points to KrisFlyer can unlock extraordinary experiences at a fraction of the cash price.
When you account for these transfer options, experienced points enthusiasts often value 100,000 Chase Ultimate Rewards points at anywhere from $1,500 to $2,500 or more, depending on how strategically those points are deployed.
Who Qualifies for the Ink Business Preferred?
A common misconception is that business credit cards are only for incorporated companies with employees and an established track record. In reality, Chase's definition of a business owner is broad enough to include a wide range of applicants. If you sell items on eBay, drive for a rideshare service, freelance as a writer or designer, tutor students, rent out property, or provide any service for compensation, you may qualify as a sole proprietor and apply for this card using your Social Security number.
You do not need to have a formal business entity, an employer identification number, or years of financial records. Many applicants are approved on the strength of their personal credit history alone, though Chase will ask about your business's annual revenue and how long you have been operating during the application process. Being honest and accurate in your application is always the right approach.
Key Card Benefits Beyond the Welcome Bonus
The 100,000-point bonus is the main attraction, but the Ink Business Preferred also comes with an ongoing benefits package that makes it worth keeping long after you have earned and spent the welcome offer. Some of the most notable perks include:
- Three points per dollar spent on the first $150,000 in combined purchases annually across categories like travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines.
- One point per dollar on all other purchases with no cap.
- Cell phone protection of up to $1,000 per claim (with a $100 deductible) when you pay your monthly phone bill with the card — a benefit that can easily save you money in the event of damage or theft.
- Trip cancellation and interruption insurance, covering you and your immediate family for up to $5,000 per trip when travel is disrupted for covered reasons.
- Primary rental car insurance when renting for business purposes, meaning you can decline the expensive coverage offered at the rental counter.
- No foreign transaction fees, making this a strong card to use when traveling internationally for business or leisure.
Why You Should Act Now
Chase has brought back the 100,000-point bonus, but history suggests this elevated offer will not last forever. Welcome bonuses at this level tend to cycle in and out, and the standard offer on the Ink Business Preferred has previously dropped to as low as 80,000 points or less. There is no guaranteed end date on this promotion, which means it could be pulled back at any time without much advance notice.
If you have been thinking about adding a business rewards card to your financial toolkit, the combination of a 100,000-point bonus, a $95 annual fee, and access to one of the most flexible points currencies from any bank makes this one of the clearest opportunities in the credit card market today. The value proposition is difficult to match, and for small-business owners who want to maximize every dollar they spend, acting sooner rather than later is the right call.
Do your research, check your credit profile, and if this card fits your spending habits and travel goals, submit that application before the offer changes. Opportunities like this one do not wait around forever.