The Chase Ink Preferred 80k bonus is no longer available. The card previously offered this bonus for spending $5,000 in the first 3 months. However, Ink Preferred recently upped its sign-up bonus for new accounts to 100,000 points. The new spending requirement is $15,000 in the first 3 months.
The Chase Ink Preferred bonus of 100,000 points is worth 1.25 cents per point toward travel purchases through the Chase Ultimate Rewards portal. You can also transfer rewards to participating travel loyalty programs at a 1:1 ratio. Alternatively, you can redeem rewards for cash back at a rate of 1 cent per point. Other redemption options include gift cards or Apple Ultimate Rewards Store purchases.
Chase Ink Preferred also offers a 100K referral bonus. You’ll earn 20,000 points for each of the first five small business owners you refer who are ultimately approved for the card. Unlike the new sign-up bonus, which is a one-time offer, you can earn a referral bonus of up to 100K points every year.
You can get a Chase Ink referral bonus by inviting other business owners to apply for any of the Ink Business credit cards; the Ink Business Preferred® Credit Card, the Ink Cash card, and the Ink Business Unlimited® Credit Card. If someone you refer is approved, you’ll receive 20,000 bonus points, worth $200 cash back or $250 toward travel booked through Chase Ultimate Rewards. You’re eligible for five referral bonuses (100,000 points total) each calendar year.… read full answer
So, the Chase Ink referral bonus makes for a nice addition to the cards’ initial bonuses: $750 after spending $7,500 within 3 months with the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card cards and 100,000 points if you spend at least $15,000 in the first 3 months from account opening with the Chase Ink Preferred card.
To invite people to apply for an Ink Business card, you must register online with Chase’s Refer-A-Business Program to receive a special link.
How to get a Chase Ink referral bonus:
Register for the Refer-a-Business program
You can register online from the Refer-A-Business page or through the Chase mobile app. Online, enter your name, zip code and last 4 digits of your Ink Business card number. Then, click “Get Started.” You should see your referral link and a list of options for sharing the link. From the mobile app, log in with your Chase online username and password. You should see the “Refer friends” option. The next page will include the referral link and your sharing options.
Share your referral link
Once you click the “Copy Link” button, you can send your link through text, e-mail or social media. You can always copy the referral link and e-mail it on your own. If you have a Facebook or Twitter account, you can post a general invitation link, too.
Wait for your referrals to be approved
The application deadline is set for later than the last day you can refer to allow the individual time to consider the offer. When a referral is approved for the Ink Business card using your referral link, you’ll receive 20,000 bonus points. If they are denied, you won’t receive the bonus. Rejected applications do not count against your five annual referrals limit.
Collect and redeem your bonus points
Your bonus points will post to your Chase Ultimate Rewards account within two months of your referral’s application being approved. Because of privacy concerns, Chase will not disclose information on the application status(es) of any referral(s).
Points do not expire as long as your account stays open. You can only refer people for the Chase card you own. If you refer them for the Ink Business card and they apply for another Chase card, you won’t receive a bonus.
Despite being called Chase Ink Cash, this card actually gives points that you can redeem for cash at a rate of 1 cent per point. You and authorized users on your card earn Chase Ink Cash points when you make purchases. You’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You also earn 2 points per $1 on gas and dining, up to $25,000 spent per year. And you get 1 point per $1 on all other purchases. There’s also a 500-point bonus when you spend $3,000 in the first three months.… read full answer
You can redeem Chase Ink Cash points for cash as a statement credit or a direct deposit to a checking or savings account. You can also redeem points for gift cards, travel, or other products and services available through the Chase Ultimate Rewards program. Points are worth one cent when redeemed, no matter what you use them for. You can combine or transfer points with other eligible Chase cards that use Ultimate Rewards.
Points earned during a monthly billing cycle usually post to your statement at the close of the cycle. And they’re available to use at the beginning of the next billing cycle. But some points earned near the end of a billing cycle may take up to an additional billing cycle before they are available.
Here is what you should know about Chase Ink Cash Points:
You’ll earn Chase Ink points when you or an authorized user use the Chase Ink Business Cash card to make purchases, minus any returns or refunds. 100 points gets you $1 in cash back.
Transactions that do not qualify as purchases and do not earn Chase Ink Cash points include, but are not limited to: balance transfers; cash advances; travelers checks, foreign currency and money orders; gambling; interest; unauthorized or fraudulent charges; and credit card fees.
With Ink Cash, you’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You get 2 points per $1 spent on gas and dining, up to $25,000 spent per year. Any purchases above the $25,000 threshold earn 1 point per $1. You earn 1 point per $1 on all other purchases.
The Ink Cash card also earns a 500-point bonus worth $500 cash back when you spend $3,000 in the first three months.
Chase Ink Cash points are worth one cent each when redeemed for cash, gift cards, travel, or other products and services available through the Chase Ultimate Rewards. You can redeem points for cash either as a statement credit or a direct deposit to a checking or savings account.
You can also combine or transfer points with other eligible Chase cards that use Ultimate Rewards. You can only transfer points to cards belonging to you, a household member, or business owner, if applicable. Eligible Chase cards are Chase Freedom and Freedom Unlimited; Sapphire Preferred and Reserve; and Ink Business Preferred.
Travel purchases eligible for points redemption include airline tickets, hotel rooms, car rentals, cruises and more. If you don’t have enough points to redeem for travel, you can charge the remaining cost of your booking to your Chase Ink Cash card.
Ink Cash points do not expire as long as your account is active. You will lose all unused points if your account is closed, regardless of the reason.
Chase Ink Cash points are even more valuable in that the card has no annual fee. You can spend and earn points without the pressure of meeting a specific threshold to offset the cost of annual fee.
Be careful with international purchases, though. Chase Ink Cash does charge a 3% foreign transaction fee on all purchases made outside of the United States or through internationally-based merchants. Any rewards earned on international purchases would be quickly eroded, if not wiped out, with a 3% surcharge tacked on.
The Chase Sapphire Preferred bonus is 80,000 points for spending $4,000 within 3 months of opening an account. Those Chase Sapphire Preferred bonus points are worth $800 when redeemed for a statement credit or $1,000 in travel booked through the Chase Ultimate Rewards portal. Either option will easily offset Sapphire Preferred’s $95 annual fee.… read full answer
In addition to the initial bonus points, Chase Sapphire Preferred offers rewards for everyday spending: 2 points for every $1 spent on travel and dining purchases, along with 1 point per $1 on everything else. Each point is worth 1.25 cents in travel or 1 cent toward a statement credit. Reward points never expire as long as your account is active.
Finally, you’ll have a chance to earn more Chase Sapphire Preferred bonus points through the Chase Refer-A-Friend program. You’ll get 15,000 bonus points for each friend you invite to apply for Chase Sapphire Preferred who gets approved for an account. You can refer up to five friends per year and earn up to 75,000 points. Visit Chase’s Refer-A-Friend website to get started.
It takes six to eight weeks for a Chase Sapphire Preferred bonus to show up in your account once you meet the spending requirement. So don’t stress if you don’t see it right away. That goes for both the initial bonus and referral bonuses. But you should see your bonus points from dining and travel purchases in your account after your statement closes each month.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.