How I Plan To Use 120k Points on the Ink Business Preferred’s Welcome Offer

Update:The offer mentioned below for the Ink Business Preferred^® Credit Card has expired and is no longer available.

I’ve been on the hunt for a new credit card for some time. I’ve had heaps of cards since I turned 18, many of which have restrictive guidelines on how many times you can earn the welcome bonus offer.

So, for the last year, I’ve found myself struggling to find cards worth applying for that I’m even eligible for. But, I came across the Ink Business Preferred^® Credit Card from Chase’s welcome bonus offer: Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months.

I knew it was an offer worth grabbing, so I applied with my LLC and was approved.

The welcome offer was enticing enough that the other benefits of the card were cheddar on top. Here’s how I plan to use the 120,000 bonus points once I earn them.

How I Plan on Using (And Earning) 120,000 Ultimate Rewards Points

I will have 120,000 Chase Ultimate Rewards points after meeting the spending requirements for the welcome bonus offer. But, I’ll likely be spending a good amount on one of the bonus categories in particular, as cardholders can earn 3x points per dollar on the first $150,000 spent:

• Travel (where I’ll likely be spending most)
• Shipping purchases
• Advertising purchases made with social media sites and search engines
• Internet, cable, and phone services

We estimate that Ultimate Rewards points are worth 2 cents apiece, meaning I will have $2,400 in value from spending and the welcome offer. Even considering the $95 annual fee on the card, I’ll project well over $2,000 in potential rewards value.

Once I’ve racked up the points, I’m planning on transferring them to World of Hyatt and using them for a stay at the Secrets, The Vine in Cancun, Mexico. Having 120,000 points should get me roughly 4 free nights, although I may need to top off my account by strategically buying Hyatt points.

Hyatt is regularly known as one of the best Chase transfer partners, and for good reason. Rates for this hotel can run upward of $500 per night, so getting a $2,000+ hotel stay to redeem these points is well worth it to me.

However, this doesn’t come without careful planning, as meeting the minimum spending can be challenging. After all, it’s best practice to keep my business and personal expenses on separate cards. But if I find myself not hitting the minimum, I can always put day-to-day expenses on there.

And if I’m really cutting it close, I could call friends and family to see if they have any large expenses coming up, and they write me a check for the expense. My grandfather recently had a $1,700 dental expense, and I was able to use my card for it, for instance.

Ink Business Preferred Card Benefits

The Ink Business Preferred card is a solid card for those who need a separate business credit card from their own personal expenses without a stark annual fee. But the real value comes in its ongoing benefits, which offer long-term perks and insurance protections like:

• Earn 5x points on Lyft rides through March 31, 2025
• Redeem points for travel at an elevated 25% rate through Chase Travel (worth 1.25 cents apiece)
• Trip cancellation and trip interruption insurance
• Cell phone insurance
• Purchase protection
• Rental car insurance
• Extended warranty protection
• No foreign transaction fees

Final Thoughts

Before applying for the Ink Business Preferred card, it’s recommended to check your Chase 5/24 application status, as well as devise a plan of how you’re going to spend the hefty spending requirement.

If you have a large purchase coming up you need to make for your business, it’s a great opportunity to earn extra points along the way. However, you should never overextend yourself financially just to earn extra credit card rewards.