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Today I got an email from Chase informing me that I could refer others to the Chase Ink Business Preferred Card and earn up to 100,000 Ultimate Rewards points in the process. I think this is both a great sign-up bonus and referral offer, but it came as a surprise because I don’t even have the Ink Business Preferred Card…yet.
If you aren’t familiar, the Ink Business Preferred card offers a whopping 80,000 sign-up bonus points after you spend $5,000 on the card in the first 3 months. It also awards 3x transferrable Ultimate Reward points on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year.
As with other transferrable Ultimate Reward points, you can use these points by transferring them to United, Hyatt, Southwest, Singapore, British Airways, Marriott, and several other partners. You can also use them at a fixed value to book travel via the Ultimate Rewards site if you don’t want to mess with award availability. If you use them in that manner those 80,000 points are worth at least $1,000 towards travel. If you also have the Sapphire Reserve card you can get even more value from them than that. This card is probably the next card I am targeting for myself.
Those that make the referrals for the Ink Business Preferred earn 20,000 points per successful referral, up to a 100,000 point cap per calendar year. That is a great referral bonus that is much higher than a typical referral bonus, and if you have a friend or family member who may want the card you should absolutely check to see if you are eligible to refer them. I only have an Ink Plus card at the moment and not an Ink Preferred, but so far it has let me make referrals for the Preferred version of the card. Being able to make referrals for a card you don’t actively have is pretty unusual in my experience. As to whether or not you can successfully refer yourself for this card, I don’t yet know for sure.
There is also a method whereby you can instantly share your own personal referral link with others via Twitter and Facebook instead of having to wait for the emailed referral to process.
Keep in mind this card is subject to the Chase 5/24 rules and there are some 100,000 point in-branch offers floating around out there, though not everyone seems to be able to access those. I was hoping for a widespread 100k offer for Small Business Week this week, but 80,000 points is already a pretty phenomenal sign-up bonus for a card with a $95 annual fee.
I’m thrilled there is now a way to earn 20,000 points for yourself when a friend or family member decides to add the Ink Business Preferred and its 80,000 point sign-up bonus to their wallets! I will put my referral link in the comments section in case anyone is interested, and you are more than welcome to do the same.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.