Chase Ink Business Preferred: 100,000 points, 3x on business costs, and the Hyatt change

The Ink Business Preferred is Chase's mid-fee business card. It earns the same Ultimate Rewards points as the Sapphire cards and is one of the few Chase cards whose points can go straight to airline and hotel partners. For a household with a real business, it can add a large welcome bonus without using one of your 5/24 slots. Here is what it offers, who it suits, and the October 2026 change to its Hyatt transfers.

The offer, in Chase's words

• Welcome bonus: "New Cardmember Bonus – 100,000 Points: To qualify, you must make $8,000 in purchases during the first 3 months from account opening."
• Annual fee: $95.

This is the offer as Chase showed it on October 1, 2026. Check the current offer before you apply.

Earning

• 3 points per $1 "for each $1 of the first $150,000 spent each account anniversary year on combined purchases in the following rewards categories: shipping; social media and search engine advertising; travel; internet, cable, and phone services."
• 1 point per $1 on everything else, "with no limit to the amount you can earn."

The $8,000 spend is the main hurdle. Spending it in the 3x categories earns 24,000 points on top of the 100,000-point bonus.

Two other benefits are worth knowing. Employee cards come "at no additional cost." And paying your phone bill with the card adds cell phone protection: "Get up to $1,000 per claim in cell phone protection against covered theft or damage for cell phones listed on your monthly cell phone bill when you pay it with your eligible credit card. Maximum of 3 claims in a 12-month period with a $100 deductible per claim."

Who can apply

It is a business card. Chase's application asks about your business, and Chase decides what qualifies. Answer its questions accurately. Slow Travel Retirement's planner only suggests business cards for a person you have marked as having a business; it never assumes one.

The bonus is once per card. Chase: "The new cardmember bonus may not be available to you if you have ever had this card. We may also consider factors pertinent to your business in determining your bonus eligibility."

5/24 still applies to you, but the card does not add to it. Chase does not publish its 5/24 rule; the points community reports it. One Mile at a Time reports that most business card applications, Chase's included, "don't count toward the 5/24 limit," because "business accounts opened with these issuers typically don't show on your personal credit report." It also reports the catch: "if you want to be approved for a Chase business card, you'll still need to be below the 5/24 limit." The same guide notes that the rule "no longer seems to consistently be enforced," so treat it as a pattern, not a guarantee. Our guide to Chase 5/24 and 2/30 for couples explains the count.

For a couple, that makes order matter. If one of you is close to five new accounts, the Ink is worth applying for before the personal cards that would push you over.

Hyatt transfers are 4:3 from October 1, 2026

Chase's page states the change: "Starting October 1, 2026, your Ultimate Rewards® points will transfer to World of Hyatt® at a rate of 4:3. That means if you transfer 1,000 Ultimate Rewards points, you will get 750 World of Hyatt points."

On the 100,000-point bonus alone, that is the difference between 75,000 Hyatt points at 4:3 and 100,000 at 1:1.

Move the points before you transfer them. The Sapphire Reserve is reported to keep transferring to Hyatt at 1:1. Chase allows points to move: "with an eligible Chase credit card, you may be able to transfer points to a spouse or somebody else in your household. In most cases, you can also transfer them between your own Chase accounts." In a household with a Reserve, Ink points can go to the Reserve holder first and on to Hyatt from there. Check what Chase allows for your accounts on the combine-points screen before you count on it. Our guide to the Chase to Hyatt transfer ratio by card covers the rates card by card.

Other partners are unchanged by this. Chase's page says to "log in to the Chase Ultimate Rewards portal to see transfer rates for all partners." Transfers move "in increments of 1,000" and "are final," so check the rate on the transfer screen each time.