Chase Ink Preferred Card 160K Bonus
In celebration of Small Business Month, Chase is offering the best ever offer for the Chase Ink Preferred Card. The offer is available in branch only. If you have a location nearby, you can earn a bonus of 160,000 Ultimate Rewards points. Let’s see how this Chase Ink Preferred bonus works.
- Earn 100,000 BONUS POINTS after you spend $15,000 on purchases in the first 3 months from account opening.
- Plus an additional 60,000 BONUS POINTS after you spend $50,000 on purchases in the first 6 months from account opening.
$95 annual fee not waived. Offer valid in May 2021 only.
Chase Ink Preferred Card 160K Bonus Analysis
The public offer for the Ink Preferred is 100,000 Ultimate Rewards points, the same as the first part of this bonus. But with this in-branch offer you have the opportunity to earn another 60,000 points if you can manage to spend $50K within six months. That works out to an additional 1.7X points on all your extra spend of $35K that is required for the full bonus.
This is obviously a great bonus for those who can generate that kind of spend, especially if some of it is in categories that earn 3X.
Sadly this card falls under the 5/24 rule so it will be out of reach for many people. Even if you received the offer, you still can not get around this rule. Only pre-approved offers, not targeted offers, work to get you past it.
This is obviously a great offer and the highest ever on this card. We have seen a differently structured 160K bonus in the past, but it was through targeted mailers. The spending requirement for the full welcome bonus is $50,000, which is not something that everyone can easily do. So keep that in mind when applying.
Let us know what you think!