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January 30, 2018

Chase Ink Business Preferred Referral

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You can earn up to 100,000 bonus points per year by referring Chase Ink Business Preferred to business owners. Read on to learn how it works.

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The Chase Ink Business Preferred offers an excellent sign-up bonus, reward structure, and redemption options. It’s one of the best credit cards for small business owners.

And if you take advantage of the card’s Refer-A-Friend program, you can earn some serious bonus points.

How Chase Ink Business Preferred Works

You can use the Business Preferred for straightforward cash back rewards, or you can use it to score award flights and hotel stays. Here’s how it works:

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

How to Earn Referral Bonuses

Chase has a Refer-A-Friend program. When you refer a new eligible Chase card to friends or family, you get a nice bonus. For Chase Ink Business Preferred, each referral earns you 20,000 bonus points (up to 100,000 bonus points per year).

Here’s how you can earn those points:

  • Sign up for the Refer-A-Friend program. You’ll have to enter your last name, zip code, and the last 4 digits of your card. You’ll then receive your unique referral link.

  • Send or share your referral link. You can refer anyone to apply for the card. You can send your referral link directly to one person or share it over Facebook and Twitter for a broader reach.

    You can only refer people for the Chase card that you carry. If you refer them to apply for the Ink Business Preferred and they apply for a different Chase card, you won’t get a bonus.

  • Wait for your rewards. Once your friend’s application is approved, you will receive 20,000 bonus points. They should post to your Ultimate Rewards account within 8 weeks. If the person you referred is not approved for the card, you won’t receive a bonus.

  • Earn up to 100,000 bonus points per year. You can earn the referral bonus for the first 5 people you refer. That’s up to 100,000 points per year. With the Ink Business Preferred, that’s worth $1,250 toward travel booked through Ultimate Rewards.

This is a pretty simple program. You get the chance to earn valuable points with little work. Keep in mind that the Chase Ink Preferred is for small business owners.

Redeeming Ultimate Rewards Points

Ink Business Preferred offers great value when you redeem for travel.

Those travel redemption options can give you more value for your points than getting cash back or gift cards.

If you use your points to book travel through Ultimate Rewards, each 20,000-point referral bonus would be worth $250. Or, finding an award flight with one of Chase’s airline partners (including United, Southwest, British Airways, and more) could stretch your points even further.

Tip: 20,000 points might not sound like much in terms of frequent flyer programs. But it can be enough to book a round-trip domestic flight or even a one-way international flight with some carriers. For more info on maximizing your points toward travel, check out our full review of Chase’s airline and hotel transfer partners.

Common Questions

  • If someone I refer isn’t approved for the card, does that count against my annual limit of 5 referrals?
    No. You’re not limited by how many referrals you make, but by how many referral points you earn. For the Ink Business Preferred, that limit is 100,000 points a year. So, if someone you refer isn’t approved, you won’t earn bonus points. You won’t be any closer to reaching your annual referral bonus limit.

  • Can I earn the sign-up bonus and referral bonuses in the same year?
    Yes. Your annual referral bonus limit doesn’t affect your sign-up bonus. In theory—although it’d be a challenge—you could earn the 80,000-point sign-up bonus and 100,000 points in referral bonuses in the same year.

  • Can I refer people to multiple Chase cards?
    Yes, but only if you carry more than one Chase card that participates in the Refer-A-Friend program.

    You will receive a separate referral link for each card you hold. You’ll only receive a bonus if your friends apply for the correct card through its corresponding referral link.

The Bottom Line

Ink Business Preferred Credit Card
Apply for Ink Business Preferred Credit Card
At Chase's Secure Site
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.49% - 22.49% Variable
$95

Small business owners stand to reap massive benefits from this program. The referral bonuses could help you could cut down on some major business expenses. And even if you don’t use those points to travel, each referral bonus could bring you $200 in cash back or gift cards.

If you’re a small business owner—and especially if you travel frequently—it’s definitely worth taking a closer look at the Ink Business Preferred and its referral program.

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on January 30, 2018. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

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Ink Business Preferred Credit Card
Apply for Ink Business Preferred Credit Card
At Chase's Secure Site
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.49% - 22.49% Variable
$95

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