Is This the Best Credit Card for Business Owners?
A few months ago, Chase stunned the credit card world with the introduction of the Chase Sapphire Reserve card. While that card, with its hefty signup bonus and long list of perks has quickly become one of the best on the market today, it's very clearly meant for individuals only. But now, business owners can reap similar benefits.
How? The Chase Ink Business Preferred card is offering an 80,000 point sign up bonus when you spend $5,000 in the first three months. This is the second-largest sign-up bonus for Ultimate Rewards points that I've ever seen, just behind behind Chase Sapphire Reserve's 100,000-point bonus.
These points can be used for a number of things, including 1:1 transfers to United, British Airways, and Hyatt. I personally use mine exclusively for British Airways Avios, which I can also use to book American Airlines flights, and Hyatt hotels.
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In addition, businesses will earn three points per dollar on travel, shipping, internet, cable, and phone services, and online advertising purchased through social media networks and search engines. All other purchases will earn one point per dollar.
You can also redeem these points in Chase's own travel site, which will make those 80,000 bonus points worth a cool $1,000.
Other benefits of card membership include free additional cards for employees, trip cancellation and interruption insurance, purchase protection, extended warranty protection, and cell phone protection. The annual fee for the Chase Ink Business Preferred card is $85.