What are the Chase Ink Preferred bonus categories? This question is about the Ink Business Preferred® Credit Card

The Chase Ink Preferred bonus categories are travel, shipping, advertising purchased on social media sites and search engines, internet, cable and phone services. Cardholders earn 3 points / $1 spent in these bonus categories, up to a combined $150,000 spent every year. All other purchases net 1 point / $1. Points never expire as long as your Chase Ink Preferred account remains open and in good standing. Here are the Chase Ink Preferred bonus categories: Travel: Broad category including everything from airlines to hotels, motels, timeshares, cruise ships, car rentals, limousines, toll roads and more. Tourist attractions and boat rentals are among the purchases that will not earn rewards. Shipping: Purchases are limited to specialized merchants such as couriers and freight shipping companies. Purchases at office supply stores that also mail packages do not qualify as shipping. Internet, Cable and Phone Services: Related equipment purchases not included. Bill payments that are not classified by the merchant in the applicable service category not included (e.g.: phone bill payments in a store classified as a telephone equipment store). Social media and search engine advertising: Purchases must be made directly from the specific platform. Subscription or app purchases are not included. Chase Ink Preferred rewards are worth 25% more when you redeem them for travel through Chase Ultimate Rewards .

Ad Disclosure Ad Disclosure

What are the Chase Ink Preferred bonus categories?

Answer Question Report Abuse

This question is about the Ink Business Preferred® Credit Card

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 05/13/22 This answer was first published on 05/07/21 and it was last updated on 05/13/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

The Chase Ink Preferred bonus categories are travel, shipping, advertising purchased on social media sites and search engines, internet, cable and phone services. Cardholders earn 3 points / $1 spent in these bonus categories, up to a combined $150,000 spent every year. All other purchases net 1 point / $1. Points never expire as long as your Chase Ink Preferred account remains open and in good standing.

Here are the Chase Ink Preferred bonus categories:

Travel: Broad category including everything from airlines to hotels, motels, timeshares, cruise ships, car rentals, limousines, toll roads and more. Tourist attractions and boat rentals are among the purchases that will not earn rewards.
Shipping: Purchases are limited to specialized merchants such as couriers and freight shipping companies. Purchases at office supply stores that also mail packages do not qualify as shipping.
Internet, Cable and Phone Services: Related equipment purchases not included. Bill payments that are not classified by the merchant in the applicable service category not included (e.g.: phone bill payments in a store classified as a telephone equipment store).
Social media and search engine advertising: Purchases must be made directly from the specific platform. Subscription or app purchases are not included.

Chase Ink Preferred rewards are worth 25% more when you redeem them for travel through Chase Ultimate Rewards.

Answer Question

Chase Credit Card Categories for Bonus Rewards

… read full answer

Chase Freedom Flex℠: Rotating categories that change every quarter and require activation, travel purchased through Chase, dining and drugstore purchases

Chase Sapphire Preferred® Card: Dining (including eligible delivery services) and travel

Chase Sapphire Reserve®: Travel and dining at restaurants (including eligible delivery services)

Whether a purchase falls into a card’s bonus categories depends on “Merchant Category Codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for “travel,” for example, purchases made at that merchant with cards that include “travel” as a bonus category will earn bonus rewards.

If you’re looking to get a rewards credit card from Chase, it’s a good idea to pick a card that offers the opportunity to earn bonus rewards in your most frequent purchase categories.

show less

How do I get the Chase Ink bonus?

To get a Chase Ink bonus, you must spend at least $7,500 within 3 months of opening an account. Plus, you must not have earned a sign-up bonus on that same Ink card in the past 24 months. The Chase Ink account must also be in good standing for the bonus to be paid out.… read full answer

Chase Ink Bonuses by Card

Ink Business Cash® Credit Card: $750 for spending $7,500 in the first 3 months.

Ink Business Unlimited® Credit Card: $750 for spending $7,500 in the first 3 months.

Ink Business Preferred® Credit Card: 100,000 points for spending $15,000 in the first 3 months.

Keep in mind that Chase Ink bonuses will post to a cardholder’s account within 6 to 8 weeks after meeting the card’s initial spending requirements.

Take note that you can earn all three Chase Ink bonuses if you get approved for all three Chase Ink cards. However, you can’t earn a bonus on the same Chase Ink card twice, unless it’s been 24 months since you earned a bonus on that card.

Other Chase Ink Bonuses

Other Chase Ink bonuses include ongoing bonus rewards-earning rates for purchases at restaurants, gas stations and office supply stores. Bonus rewards are also available for eligible travel purchases, shipping expenses, select advertising purchases, and cable, internet and phone services. There are also Chase Ink refer-a-friend bonus offers available.

show less

Does Chase Ink Business Preferred offer cash back?

No, Chase Ink Preferred doesn’t offer cash back because it is a points credit card. You can, though, convert the points you earn to cash back.

Here’s how to get cash back from your Chase Ink Preferred:

Cardholders earn 1 - 3 points per $1 per dollar spent on purchases. Those points are redeemable for cash either as a statement credit or through a direct deposit to a linked bank account. There’s no minimum amount required to redeem for cash back.… read full answer

When you redeem Chase Ink Preferred rewards for cash back, points are worth 1 cent apiece. However, points are worth 25% more if you redeem them for travel through the Ultimate Rewards portal. So, for maximum value, you may want to consider redeeming points for travel instead.

Chase Ink Preferred points never expire as long as the account stays open. Points are immediately lost if the account is closed for any reason.

Lastly, if you’re thinking of “cash back” as a way to simply withdraw money, keep in mind that credit card cash advances are extremely expensive. Chase Ink Preferred charges a hefty cash advance fee: Either $15 or 5% of the amount of each transaction, whichever is greater.. It also comes with a 25.24% (V) cash advance APR which doesn’t benefit from a grace period, so interest starts accruing immediately.

show less

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. This question was posted by WalletHub. 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.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.