Honest Review: Chase Ink Preferred 80,000 Point Offer
RIP: Chase Ink Plus was one of the best cards for 5X categories. Yes, you earned 5X Chase Ultimate Rewards points at office supply stores, and on phone, cable, and internet service. And 2X on hotels and gas.
Um, what business is he in? Cuz I’d be all up in it
Chase Ink Plus is gone and in its place… the Chase Ink Preferred. But they nerfed the 5X categories! (And kept them on the Chase Ink Cash, thank gods.)
If you’ve opened more than 5 new cards in the last 24 months from ANY bank, go ahead and stop here. And read some of my other posts. Cuz its unlikely you’ll be approved for this one.
Or get one of these cards, which aren’t subject to the 5/24 “guideline”:
Chase British Airways
Chase Hyatt
Chase IHG
Chase Fairmont
Chase Marriott Business
Chase Ritz-Carlton
If you’re on the prowl for a card to use for your small business, the Chase Ink Preferred is still extremely worthwhile.
The short
Not as good as Ink Plus. Redundant if you have other Chase cards. Most of us can’t get it, anyway. But worth it if you spend even small amounts in the bonus categories.
The long
Link: Apply for a Business Credit Card
With the Chase Ink Preferred, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months after account opening. And you’ll get 3 points per $1 in these categories:
Travel
Shipping purchases
Internet, cable, and phone services
Advertising purchases made with social media sites and search engines
On the first $150,000 spent in combined purchases each account anniversary year. Mmmkay?
The Ink Preferred is a nice way to access these 3X bonus categories
This is an excellent card to have if you spend a lot on travel. And “travel” here is extremely broad. Think airfare, hotels, tolls, parking garages, subway passes…
Internet, phone, AND cable is another huge category for most people AND offices. So, another win there.
And if you ship a lot of items (perhaps for eBay or Amazon sales), or advertise your business, you’ll get 3X points for your efforts there, too.
If you spent the maximum of $150,000 in the bonus categories, you’d earn a staggering 450,000 Chase Ultimate Rewards points ($150,000 X 3). Which is enough to do… A LOT. Even if you don’t spend that much, 3X is still a strong earning rate.
However, if you have other Chase cards, like the Sapphire Reserve, you already get 3X on travel. And if you have the Ink Plus (no longer offered), you can still earn 5X on internet and phone. Which is pretty awesome. But if you don’t have either, the Ink Preferred is a nice way to access a lot of strong bonus categories.
Cell phone coverage
Another benefit of the Ink Preferred is your cell phone is covered for theft and damage, up to $600 per claim (max of 3 in a 12-month period). There’s a $100 deductible, so more like $500 per claim.
Wait what?
You have to pay your bill with the card to access the coverage. Which is great because hey, 3X bonus category.
I haven’t seen this feature on a lot of cards, so it’s nice to have. Especially if you’re accident prone. Or just clumsy. 
