Update 6/26/24: This increased welcome offer on the Chase Ink Business Preferred card is now available in-branch.
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There is a new offer out for the Chase Ink Business Preferred that is good for 120,000 points after $8,000 in purchases in the first 3 months.
The Deal
- There is a new offer out for the Chase Ink Business Preferred card that awards 120,000 points after $8,000 in purchases in the first 3 months.
Quick Thoughts
The Ink Business Preferred is a perennially popular card since it offers an excellent new cardmember bonus and makes it possible for the cardholder to transfer points to airline and hotel partners. A newly increased bonus would be a welcome sight indeed given that the points can have terrific value when transferred to partners (See our recent Best uses of Chase Ultimate Rewards post for more ideas on how to use points).
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I thought this 120k offer would become public on 7/3 per FM initial comment when they broke this news. I got my p1 to send me a referral link off his Pref card but it is still saying 100k for the Pref 3mo/8k spend. So p1 gets 40k but p2 gets only 100k. It is possible to get 120 for p2 and 40 for p1?
I went in branch today. There is a 120k sub for ink unlimited BUT you need to do the docusign review, which could take two weeks. I opted for the Chase Ink Preferred. Apploed, got in review (not approved immediately). Spoke to Chase in the afternoon, got approved for my first Ink! You rock Frequent Miler
were you under 5/24?
Yep! Just got under 5/24 in July 1st. And also downgraded CSR and and got the CSP elevated bonus June 1st
I generally don’t apply if I’m at or over 5/24
I went in branch Friday and through the business manager there was also 120k sub for ink unlimited with 6k spend in 3 months and 0% apr for 12 months
If I got the card a month ago, and in its first statement period hit the spending target (currently still in that first period), seeing the points pending, do I have any chance of Chase matching the new bonus?
An update.. I wrote Chase via Secure Message, and after a few days of waiting, they responded back saying they’re adding 20,000 bonus points to my already achieved 100K signup bonus that is pending statement. Now it’s 120K pending 🙂
Can I get the bonus if I currently have a business ink card?
Thanks you guys for keeping us so updated with these! Just applied and got approved with the 120k bonus! You all are THE BEST!
This link doesn’t seem to work anymore. I applied for this card two days ago at 100k was hoping the link would still work and I could call and try and get the increased offer. I was approved with 12 recent inquires and at 5/24. Went to review and was approved in about 8 hours with out having to call recon.
This is not a new deal – I got a mailer for this about 4 months back but with only $6K spend. Did the $6K spend and got the 120K miles.
I went for it and applied for the 120k offer. I was turned down for the same card 45 days ago saying I had too many recent Chase cards. This time instead of using my company’s EIN#, I went with my SS# and made up a business name. Initially I got an email that they would need to review my app. It’s now an hour later and I just received an email stating I’m approved. Thanks for posting this!
Congratulations! Can you confirm the offer is indeed for 120k/$8k spend?
Also if you are comfortable can you share your 5/24 status and if you’ve had any recent inquiries on your credit report?
I assume you’ve not had this card before on under your SSN.
If I applied it would be my 5th. (I’ve product changed the other 4 so don’t hold any right now )
Sure, happy to give details. I’m was 2/24 and am now 3/24 after setting up for this card. For some reason the business cards I’ve been signing up for have been hitting Experian, or I have six recent inquiries. My other two reports have two or less inquiries. No, I’ve never had this card tied to my personal social security number. The best amount of my cards are through my company I own. I took a screenshot of the page showing the 120k/$8k promotion but of course the acceptance email from Chase does not list the terms signed up under.
This card will not increase your X/24 count.
This is a business card, so won’t affect your 5/24.
Good point! I was in such a rush to reply to the post that I didn’t stop to think of that.
thank you for this information. very helpful! I’m glad you got approved despite the six recent inquiries on Experian. hopefully this goes public and P2 can refer me and It’ll be a 160k point total for the 2 of us. I’ve been denied the Citi AA card and P2 the BofA AS biz card, so wasn’t sure how chase would be with those recent inquiries.
Also wanted to reply to say that it wouldn’t matter whether he has or has had this card before under his SSN. It is possible to get the same card for the same business again on the business side, even if you currently have it.
Good point, especially since I’ve done this 4x already under my SSN (don’t have an EIN).
Nick: any insight into what velocity Chase will allow you to churn these cards? I last got this card(my 4th time) in 3/23, got the SUB in 5/23 and product changed the card in 4/24. (prior to that I had the same card in 3/21).
Would applying again when the 120k offer with the 40k P2 referral goes live (hopefully) be too soon? Never know when “too soon” is as with chase I *thought* they stated (although not really enforced) a 12 month (or 24 month)? rule. perhaps I’m not remembering correctly
I just got approved for the 100k offer. I haven’t been targeted so probably won’t be able to push for the additional 20k.
never hurts to ask! Chase has been helpful to me in the past…
Will wait and see if it stacks with a referral offer. 160k pts in 2-player mode would be awesome.
I was hoping to do a referral too… doubtful it will happen though…
100k + 40k is still a better deal for most people, even if 40k get taxed. If elevated offer does not show up via referral, it might still be worth doing the referral and asking for a match.
Taxed???
When you refer someone for a personal or business card the bonus is considered a taxable income. That’s different from a SUB, which is treated as a rebate on the purchases.
I did a referral for SO at the 100K rate (I already have the 40K in my account), so I’m going to try to get them to match the offer (100K -> 120K) if it looks like this offer becomes a public one.
Please update here and let us know how it goes!