The previous offer already offered 100,000 points after spending $8,000 in the first three months of account opening. This new bonus of up to 120,000 points is even more impressive: Chase Ultimate Rewards® points earned on the Ink Business Preferred Card can be redeemed for 1.25 cents per point when used to book travel through Chase, a 25% increase over taking your rewards as cash back. That means those who meet the card’s minimum spending requirements can either earn $1,200 in cash back or use their reward to book $1,500 in travel through Chase.

Ink Business Unlimited® Credit Card

Introductory Bonus

Earn $750 cash back after you spend $6,000 in purchases in the first 3 months of account opening. Plus, 0% APR on introductory purchases for 12 months from account opening (after that, the variable APR will be 18.49% to 24.49%)

Annual subscription	$0
Regular APR	Variable annual interest rate from 18.49% to 24.49%

But this big catch looms even larger if you strategically transfer those points to one of the issuer’s travel transfer partners. Part of the appeal of flexible rewards like Chase’s Ultimate Rewards program is that you can transfer points directly, typically at a 1:1 ratio, to loyalty accounts at any of Chase’s 11 airline partners and three hotel partners. That can mean travel redemptions can potentially be worth even more than the 25% bonus you can get by booking through Chase.

For example, you could transfer 116,000 of those points to Air Canada’s Aeroplan, a Chase transfer partner, and fly business class one-way from San Diego to Montreal and ski Mont Tremblant in December 2024.

That ticket would cost over $1,800 if you paid cash, or about 135,000 Chase Ultimate Rewards with a 25% increase in value since booking through Chase Travel is tied to the cash price of a ticket.

As generous as the card’s amplified welcome offer is, it’s important to know that beyond that glittering bonus, the Ink Business Preferred is a great card for small business owners. For a $95 annual fee, the card earns 3x points per dollar spent (up to $150,000 combined) on purchases like shipping, internet, cable, phone, and advertising, and 1x point per dollar spent on all other purchases. Plus, through March 25, 2024, earn 5x points total per dollar spent on Lyft. Businesses that typically spend in these areas will find the annual fee worth it, especially if they’re looking to earn rewards to use for travel. The bonus on the Ink Business Preferred is now the best it’s ever been, so if you think the card is right for you, there’s never been a better time to apply.

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.
Please note that card information is accurate as of the date of publication, but is subject to change at any time at the issuer’s discretion. Please contact the card issuer to verify rates, fees and benefits before applying.

The previous offer already offered 100,000 points after spending $8,000 in the first three months of account opening. This new bonus of up to 120,000 points is even more impressive: Chase Ultimate Rewards® points earned on the Ink Business Preferred Card can be redeemed for 1.25 cents per point when used to book travel through Chase, a 25% increase over taking your rewards as cash back. That means those who meet the card’s minimum spending requirements can either earn $1,200 in cash back or use their reward to book $1,500 in travel through Chase.

Ink Business Unlimited® Credit Card

Introductory Bonus

Earn $750 cash back after you spend $6,000 in purchases in the first 3 months of account opening. Plus, 0% APR on introductory purchases for 12 months from account opening (after that, the variable APR will be 18.49% to 24.49%)

Annual subscription	$0
Regular APR	Variable annual interest rate from 18.49% to 24.49%

But this big catch looms even larger if you strategically transfer those points to one of the issuer’s travel transfer partners. Part of the appeal of flexible rewards like Chase’s Ultimate Rewards program is that you can transfer points directly, typically at a 1:1 ratio, to loyalty accounts at any of Chase’s 11 airline partners and three hotel partners. That can mean travel redemptions can potentially be worth even more than the 25% bonus you can get by booking through Chase.

For example, you could transfer 116,000 of those points to Air Canada’s Aeroplan, a Chase transfer partner, and fly business class one-way from San Diego to Montreal and ski Mont Tremblant in December 2024.

That ticket would cost over $1,800 if you paid cash, or about 135,000 Chase Ultimate Rewards with a 25% increase in value since booking through Chase Travel is tied to the cash price of a ticket.

As generous as the card’s amplified welcome offer is, it’s important to know that beyond that glittering bonus, the Ink Business Preferred is a great card for small business owners. For a $95 annual fee, the card earns 3x points per dollar spent (up to $150,000 combined) on purchases like shipping, internet, cable, phone, and advertising, and 1x point per dollar spent on all other purchases. Plus, through March 25, 2024, earn 5x points total per dollar spent on Lyft. Businesses that typically spend in these areas will find the annual fee worth it, especially if they’re looking to earn rewards to use for travel. The bonus on the Ink Business Preferred is now the best it’s ever been, so if you think the card is right for you, there’s never been a better time to apply.

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.
Please note that card information is accurate as of the date of publication, but is subject to change at any time at the issuer’s discretion. Please contact the card issuer to verify rates, fees and benefits before applying.