Chase recently launched a new sign-up bonus on the Chase Ink Preferred. You can earn 100,000 Chase points after spending $15,000 in the first three months from account opening. This is a hefty spending requirement with only a small increase in points from the previous offer. Luckily, you can still get the old Chase Ink Preferred sign-up bonus. Here’s how.

Take Advantage of the Old Chase Ink Preferred Sign-up Bonus

100,000 Chase points may seem like a good deal, but a higher offer is not always better. I’d take the old 80,000 point offer for $5,000 in spend over this any day. With the new offer, you have to spend an additional $10,000 to earn only 20,000 more points. This could be very difficult for new businesses and those with few expenses.

For the time being, you can still get the old sign-up bonus from referral links. There’s no way of knowing when these links will expire, so I recommend signing up as soon as possible. If you don’t have a friend or family member who can refer you to the Chase Ink Preferred, please consider using my link.

How to Sign Up for the Chase Ink Preferred

In order to be eligible for this small business card, you need to have a business or be in the process of starting a business. The good news is you may already have a business without realizing it. For example, if you sell stuff on eBay, that counts. When signing up for Chase Ink Preferred with this type of small business, be sure to indicate that it is a sole proprietorship. Then you will use for social security number as the tax ID number.

Chase Ink Preferred Application

When filling out a credit card application, make sure to be truthful in what you report. You may have to call the reconsideration line to get the card open and you do not want to lie for the sake of opening the card.

Chase Ink Preferred Benefits

The Chase Ink Preferred has a $95 annual fee, but comes with some great benefits.

Points Earning Structure

With the Chase Ink Preferred, you can earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories:

  • Travel
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases 

All other purchases earn 1 point per $1.

Points Redemptions

Having the Chase Ink Preferred makes redeeming Chase Ultimate Rewards points more valuable. Like the Chase Sapphire Preferred, points redeemed on the Chase Travel portal are worth 1.25x more.

You will also be able to transfer points to Chase’s travel partners including Marriott, IHG, Hyatt, Southwest, JetBlue, United, Virgin Atlantic, Singapore Airlines, and more!

Travel Benefits

If you travel a lot, you may make use of the Chase Ink Preferred travel benefits.

The Auto Rental Collision Damage Waiver offers primary coverage when renting for business purposes or for personal reasons if renting outside of the country. This is rare for a rental car benefit from a credit card as most offer secondary coverage only. The benefit of primary coverage is that you do not need to file a claim with your insurer before filing a claim under the card benefit.

The Trip Interruption and Trip Cancellation Insurance benefit can cover up to $5,000 in pre-paid, non-refundable travel expenses if your trip is canceled or interrupted due to a covered reason. The Trip Delay Reimbursement provides up to $500 for incidentals for each ticket that is delayed more than 12 hours or overnight. Lastly, you can receive up to $100 per day for up to five days for purchasing essential items if your bags are delayed more than six hours thanks to the Baggage Delay Reimbursement.

Cell Phone Protection

Last but not least, if you pay for your phone bill with the Chase Ink Preferred, your phone is covered for theft, damage, and loss up to $600 in value. There is a $100 deductible and you can use this benefit up to three times per year.

Final Thoughts

The Chase Ink Preferred is one of the best small business cards out there. While Chase recently changed the sign-up bonus offer to require a hefting spending requirement, you can still get the old offer by using a referral link. However, you’ll need to act fast since we don’t know how long these links will last.

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