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Home » The best Chase Ultimate Rewards® welcome bonuses: Large bonuses on Ink cards.

The best Chase Ultimate Rewards® welcome bonuses: Large bonuses on Ink cards.

Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.

Chase is currently offering its best-ever bonus on the Ink Business Preferred® Credit Card and it recently made the welcome bonus on the Ink Business Cash® Credit Card easier to earn. The Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card also offer decent welcome bonuses.

Here are the best Chase Ultimate Rewards® welcome bonuses currently available on each card that earns Ultimate Rewards®.

Current Ultimate Rewards® welcome bonuses

Ultimate Rewards® cardWelcome bonusFull welcome bonus details
Chase Freedom Flex card art
Chase Freedom Flex℠
Annual fee: $0
Earn $200 after $500 spent

Bonuses awarded as Ultimate Rewards® points.
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

More on the welcome bonuses of the Chase Freedom Flex℠.
Chase Freedom Unlimited® card art
Chase Freedom Unlimited®
Annual fee: $0
Earn $200 after $500 spent or an extra 1.5% on your first $20k

Bonuses awarded as Ultimate Rewards® points.
The Chase Freedom Unlimited currently has two welcome offers.
Standard offer: Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

Cash back match offer: bonus_miles_full

More on the welcome bonuses of the Chase Freedom Unlimited®.
Chase Sapphire Preferred® Card card art
Chase Sapphire Preferred® Card
Annual fee: $95
bonus_milesbonus_miles_full

More on the welcome bonus of the Chase Sapphire Preferred® Card.
Chase Sapphire Reserve® card art
Chase Sapphire Reserve®
Annual fee: $550
bonus_milesbonus_miles_full

More on the Chase Sapphire Reserve® welcome bonus.
Ink Business Cash® Credit Card card art
Ink Business Cash® Credit Card
Annual fee: $0
bonus_miles

Awarded as 75,000 Ultimate Rewards® points.
bonus_miles_full

More on the welcome bonus of the Ink Business Cash® Credit Card.
Ink Business Unlimited® Credit Card card art
Ink Business Unlimited® Credit Card
Annual fee: $0
bonus_miles

Awarded as 75,000 Ultimate Rewards® points.
bonus_miles_full

More on the welcome bonus of the Ink Business Unlimited® Credit Card.
Ink Business Preferred® Credit Card card art
Ink Business Preferred® Credit Card
Annual fee: $95
bonus_miles

Redeemable for $1,000 cash back or $1,250 toward travel.
bonus_miles_full

More on the welcome bonus of the Ink Business Preferred® Credit Card.
The best Ultimate Rewards® welcome bonuses.

My take on the best Chase Ultimate Rewards bonuses

There is a lot to like about the current crop of Chase Ultimate Rewards® credit card welcome bonuses.

If you want the most points, go for the Ink Business Preferred® Credit Card welcome bonus, but if you’re averse to paying an annual fee, the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card both offer large bonuses with no annual fee. The Ink Business Cash® Credit Card welcome bonus was recently made a bit easier to earn. Remember that you probably own a small business. Even if you occasionally sell things on eBay or Facebook Marketplace, your small business (however small) probably qualifies you to get a small business credit card.

I do like the low spending requirement of the $200 offer on the on the Chase Freedom Unlimited® and Chase Freedom Flex℠. I’m not terribly excited about the Chase Freedom Unlimited®‘s 1.5% extra bonus rewards on $20,000 of spending that’s currently being offered through affiliate networks, but I’ve included that as a secondary welcome bonus offer in case that works better for you.

The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® welcome offers are decent if you’re looking for one of these cards. Chase occasionally increases the welcome offer on these cards, but it’s been quite some time. You likely can get a better offer on the Chase Sapphire Preferred® Card in branch.

More about the best Chase Ultimate Rewards® welcome bonuses

Here’s a bit more about the best Chase Ultimate Rewards® welcome bonuses. You can learn more about these cards and apply through the links in this section.

Chase Freedom Flex℠ welcome bonus

Chase Freedom Flex℠ welcome bonus:

Before you apply through the link below, be sure to see our coverage of the best welcome bonus on this card. There may be a better offer in-branch.

Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

Click here to learn more and apply for the Chase Freedom Flex℠.

Our take on the welcome bonus: $200 after $500 is the standard welcome bonus on this card.

The link above is a referral link. Someone on our team may earn points if you apply and are approved to the link above. We always show you the best offer, and this is the best offer we know about on this card.

Chase Freedom Flex card art

Chase Freedom Flex℠ at a glance:
Annual fee: $0
Rewards: 5% in rotating categories (up to $1,500 in combined purchases per quarter). 5% travel through Chase. 3% dining. 3% drugstores. 1% other purchases.
Benefits: Extended warranty. Purchase protection. Cell phone protection.

About the Chase Freedom Flex℠

Chase Freedom Flex card art
Chase Freedom Flex℠

The Chase Freedom Flex℠ is Chase’s take on the 5% rotating category card, offering increased rewards in limited-time categories that are announced quarterly. The Chase Freedom Flex℠ has no annual fee.

The Chase Freedom Flex℠ offers 5% back on up to $1,500 spent each quarter in rotating bonus quarterly categories. Categories have historically included purchases at grocery stores, Amazon.com, gas stations and big box retailers. In addition, the card offers 3% cash back on restaurants and drugstore purchases and 1% cash back on everything else. All rewards are earned as Ultimate Rewards points, but can be redeemed for cash back.

In addition to cash back rewards, the Chase Freedom Flex℠ offers a generous suite of benefits for a card with no annual fee. The card protects your purchases with Purchase Protection, Extended Warranty Protection, and Cell Phone Protection and it offers protection for your travels with secondary auto rental collision damage waiver insurance and trip cancellation/interruption insurance.

Chase Freedom Unlimited® welcome bonuses

Chase Freedom Unlimited® Welcome bonuses

Before you apply through the links below, be sure to see our coverage of the best welcome bonus on this card. There may be a better offer in-branch.

Our take on the welcome bonuses: The $200 after $500 offer is the standard offer on this card. The 1.5% additional cash back offer can technically be maximized for more rewards, but you’ll need to spend $20,000 on the card over the course of the year to get the full value.

Offer #1: Chase Freedom Unlimited®: Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

The link above is a referral link. If you use this link, someone in our community may earn points. We always show you the best offer, regardless of our ability to earn a commission.

Offer #2: card_name: bonus_miles_full

The link above is our affiliate link. We are showing you this offer in addition to the 5% offer above because there are some people who might prefer this offer.

Chase Freedom Unlimited® card art

Chase Freedom Unlimited® at a glance:
Annual fee: $0
Rewards: 5% travel through Chase Travel℠. 3% dining. 3% drugstore. 1.5% all other purchases

About the Chase Freedom Unlimited®

Chase Freedom Unlimited card art
Chase Freedom Unlimited®

The Chase Freedom Unlimited® offers cardmembers 1.5% rewards on all purchases. It is the essential “everywhere else card” in the Chase Ultimate Rewards® ecosystem.

Although the Chase Freedom Unlimited® is marketed as a “1.5% everywhere” card, it offers plenty of bonus spending categories. You get 5% on travel purchased through Chase Travel℠, 3% on dining at restaurants including eligible takeout and delivery, and 3% on drugstore purchases. Although rewards are marketed as cash back, the card earns Chase Ultimate Rewards® points behind the scenes, which can be transferred to a premium Ultimate Rewards® card and redeemed for greater value.

For a card with no annual fee, the Chase Freedom Unlimited® comes with a healthy set of benefits, including purchase protection, extended warranty, secondary auto rental collision damage waiver insurance, and trip cancellation/interruption insurance.

Chase Sapphire Preferred® Card welcome bonus

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

Our take on the welcome bonus: It’s been almost a year since we saw a larger welcome bonus on the Chase Sapphire Preferred®. The current bonus is the standard bonus available online. You might be able to get an offer for 10,000 points more by applying in-branch.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Chase Sapphire Preferred® Card card art

Chase Sapphire Preferred® Card at a glance:
Annual fee: $95
Rewards: 5x hotels and car rentals through Chase Travel℠. 3x dining. 3x streaming. 3x online grocery. 2x other travel. 1x other purchases.
Benefits: Premium travel insurance benefits. 25% more value on travel redemptions. Point transfers.

About the Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card card art
Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is one of Chase’s flagship rewards cards. It offers elevated rewards in useful categories like travel, online grocery, dining, and select streaming services and best-in-class travel insurance protections. The Chase Sapphire Preferred® carries an annual fee of $95.

The card offers rewards of three points per dollar in several categories, including online grocery, select streaming providers, and dining. When you purchase travel through Chase Travel℠, you’ll earn five points per dollar. All other travel earns two points per dollar. Finally, the card also offers increased rewards for Lyft rides (5x) and Peloton purchases.

The Sapphire Preferred features travel insurance benefits like primary rental car insurance, baggage delay insurance and trip delay reimbursement coverage, making it an excellent choice to use for booking travel. Most importantly, the card offers transfers to Chase’s useful suite of travel partners, plus 25% increased value for your rewards when you redeem them for travel through Chase Travel℠.

Chase Sapphire Reserve® welcome bonus

card_name welcome bonus:

bonus_miles_full

Our take on the welcome bonus: It has been a long time since Chase offered a larger welcome bonus on the Chase Sapphire Reserve®. The last elevated bonus we know about ended in 2022. There’s probably little reason to wait on getting this card.

Click here to learn more and apply.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Chase Sapphire Reserve® card art

Chase Sapphire Reserve® at a glance:
Annual fee: $550
Rewards: 10x hotels and car rentals through Chase. 10x Chase Dining. 5x flights through Chase Travel℠. 3x dining. 3x other travel. 1x other purchases.
Perks: $300 annual travel credit. Priority Pass + Chase lounge access. Redeem points at 1.5c/point for travel. Transfer partners.

About the Chase Sapphire Reserve®

Chase Sapphire Reserve® card art
Chase Sapphire Reserve®

The Chase Sapphire Reserve® Card is Chase’s flagship travel card offering increased rewards, transferable points, airport lounge access, an annual travel credit and a robust suite of travel insurance protections. The card has an annual fee of $550.

The card earns increased points on a variety of travel and other categories of spending. When you book hotels and car rentals through Chase Travel℠, you’ll earn 10 points per dollar using the Sapphire Reserve. Flights booked through Chase Travel℠ earn five points per dollar. You’ll also earn three points per dollar on restaurants and on all other travel after the first $300 (which is automatically reimbursed thanks to the card’s annual travel credit.) Finally, the card earns one point per dollar on all other purchases.

The Sapphire Reserve is loaded with additional benefits. First, you’ll get an annual travel credit toward the first $300 of travel expenses you charge to the card. The card includes airport lounge access to Chase’s network of lounges. You’ll also get Priority Pass lounge access, including access to the Chase Sapphire Lounge by The Club. When traveling, you’ll get one of the most comprehensive suites of travel insurance protections available on a credit card, including trip cancellation/interruption insurance, primary auto rental collision damage waiver insurance, lost luggage reimbursement, and trip delay reimbursement. Finally, holding the Sapphire Reserve card makes all of your Ultimate Rewards points even more valuable. You’ll be able to redeem them for 1.5 cents each toward travel through Chase Travel℠ or transfer your points to airline and hotel partners.

Ink Business Cash® Credit Card welcome bonus

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

Previously, Chase required you to spend the entire $6,000 to earn the welcome bonus in three months. You now earn this bonus in two parts and you’ll earn the first $350 of the bonus after spending $3,000 within 3 months. You’ll earn the next $400 when you spend a total of $6,000 within 6 months. This makes the welcome bonus more accessible and we like changes like that. The Ink Business Cash is marketed as a cash back card, but earns Ultimate Rewards®.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Ink Business Cash® Credit Card card art

Chase Ink Business Cash® at a glance:
Annual fee: $0
Rewards: 5% on $25k spent at office supply stores, internet, cable, and phone services. 2% on $25k spent at gas stations and restaurants. 1% on all other purchases

About the Ink Business Cash® Credit Card

Ink Business Cash® Credit Card card art
Ink Business Cash® Credit Card

The Ink Business Cash® Credit Card is a cash back card for small business owners who want purchasing power combined with increased rewards on business purchases like office supplies, internet, cable, and phone services, gas, and restaurant purchases. The Ink Business Cash carries no annual fee.

The card’s biggest strength is its bonus cash back categories. The Ink Cash earns 5% cash back on the first $25,000 in combined purchases each account anniversary year at office supply stores and on internet, cable, and phone services. The card also earns 2% on $25,000 in combined purchases at gas stations and restaurants, plus 1% cash back on all other purchases. Although rewards are marketed as cash back, the card earns Chase Ultimate Rewards® points behind the scenes, which can be transferred to a premium Chase Ultimate Rewards® card and redeemed for greater value.

The Chase Ink Business Cash® credit card also offers a handful of benefits useful to small business owners, including primary auto rental collision damage waiver when renting for business, purchase protection and extended warranty protection.

Learn more about the Ink Business Cash® Credit Card from our overview of card.

Ink Business Unlimited® Credit Card welcome bonus

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

This card occasionally offers a higher welcome offer, so you might consider waiting for a better offer to come around. The current offer is the card’s business-as-usual offer. The Ink Business Unlimited is marketed as a cash back card, but earns Ultimate Rewards®.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Ink Business Unlimited® Credit Card card art

Chase Ink Business Unlimited® at a glance:
Annual fee: $0
Rewards: 1.5% on every purchase. 5% on Lyft rides through March 2025.
Benefits: Extended warranty. Purchase protection. Primary auto rental collision damage waiver insurance when renting for business.

About the Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card card art
Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card from Chase offers small business owners simple 1.5% cash back rewards on all their spending, with no caps or bonus categories to worry about. The card carries no annual fee.

The strength of the Ink Business Unlimited® card’s rewards is simplicity: You get 1.5% cash back on all of your spending. Chase markets the card’s rewards as cash back, but the card earns Chase Ultimate Rewards® points behind the scenes, which can be transferred to a premium Ultimate Rewards® card and redeemed for greater value.

The card offers a limited, but useful set of perks including primary auto rental collision damage waiver insurance when renting for business, purchase protection, and extended warranty protection.

Ink Business Preferred® Credit Card welcome bonus

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

Our take on the welcome bonus: One of the best welcome bonuses available on a single card and the best this card has ever seen.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Ink Business Preferred® Credit Card card art

Ink Business Preferred® Credit Card at a glance:
Annual fee: $95
Rewards: 3x shipping, internet, advertising with social media sites and search engines, travel (Up to $150k combined spend). 1x other purchases.
Benefits: Point transfers to travel partners. Premium travel protections. Redeem points for 1.25 cents each through Chase Travel℠.

About the Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card card art
Ink Business Preferred® Credit Card

The Ink Business Preferred® Credit Card offers small business owners rewards on business category purchases like travel, shipping, internet services, and advertising, plus essential protections like extended warranty and primary auto rental collision damage waiver insurance when renting for work. The card carries an annual fee of $95.

The card earns three points per dollar on the first $150,000 in combined purchases in its bonus categories, which include:

  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases with social media sites and search engines
  • Travel

Purchases beyond $150,000 in these categories and all other purchases earn one point per dollar. Rewards are earned as Ultimate Rewards points, which can be transferred to one of Chase’s 15 travel transfer partners.

The Ink Business Preferred comes with a robust set of travel and insurance benefits which, while not as generous as the Chase Sapphire Preferred, do cover the essentials. The card includes primary auto rental collision damage waiver when renting for business, baggage delay protection, and trip delay reimbursement as well as purchase protection and extended warranty protection

Additional pointers on Chase Ultimate Rewards® credit cards

Redeeming Ultimate Rewards®

The Ultimate Rewards® points you earn with your card can be transferred between your cards. If you hold multiple cards that earn Ultimate Rewards®, you can earn points on one card and use the enhanced redemption options of another card.

Here are the best Ultimate Rewards® redemption options by card:

Cards with no annual feePremium cardsHigh-tier premium cards
Chase Freedom Flex card art Chase Freedom Unlimited® card art
Ink Business Cash® Credit Card card art Ink Business Unlimited® Credit Card card art
Chase Sapphire Preferred® Card card art Ink Business Preferred® Credit Card card artChase Sapphire Reserve® card art
Chase Freedom Flex
Chase Freedom Unlimited®
Ink Business Cash®
Ink Business Unlimited®

Chase Sapphire Preferred®
Ink Business Preferred®
Chase Sapphire Reserve®
Cash back
1 cent per point
Travel through Chase Travel℠100% of cash value125% of cash value$150 of cash value
Transfers to travel partners
See list of transfer partners below.
Gift cards
1 cent per point, with occasional sales on select brands
Useful reward redemption options on Ultimate Rewards® credit cards

The Ink Business Premier® Credit Card is marketed as an Ultimate Rewards® card, but it doesn’t allow you to transfer points to other cards, so it is not included in this table.

Ultimate Rewards Transfer partners

Point transfers to Ultimate Rewards® transfer partners are widely believed to be the best way to get the most value from your Chase points. When you transfer points to a partner, your Ultimate Rewards® become point in that partner’s loyalty program. You can then redeem your points for awards offered by a partner loyalty program. Point transfers cannot be reversed, so be sure you know what you’re going to use your points for before transferring them.

Here are the airlines and hotels you can transfer to if you hold a premium Ultimate Rewards® credit card:

Transfer partnerProgram highlights
Air Canada AeroplanEasy-to-use Star Alliance awards, with the option to spend extra miles to make flights cancelable.
Air France-KLM Flying BlueGreat for monthly Flying Blue promo awards.
Avios
Aer Lingus AerClub
British Airways Executive Club
Iberia Plus
Distance-based programs with good value on shorter flights like USA-Ireland (AerClub) and short-haul flights on Oneworld partners (Executive Club).
Emirates SkywardsOne of the few ways to book Emirates first class with points.
JetBlue TrueBlueReward prices tied to cash prices of tickets, usually around 1.3 cents per point.
Singapore Airlines KrisFlyerOne of the few ways to book Singapore first class tickets with points.
United MileagePlusGood value off-peak international economy awards. Generous award change/cancel policies.
Virgin Atlantic Flying ClubSome opportunities to book good-value premium cabin awards with partners.
IHG One RewardsOffers a fourth night free on point redemptions if you hold an IHG-branded credit card, but generally not a good use of Ultimate Rewards® points.
Marriott BonvoyMay be a reasonable use if you need just a few points to top off an award, but generally not a good use of Ultimate Rewards® points.
World of HyattOffers excellent redemption value at some properties due to its award chart.
Airline and hotel transfer partners of Ultimate Rewards®
Redemptions options you shouldn’t use

The table above shows you the best Ultimate Rewards® redemption options. But there are some ways to redeem points that provide less value. Here are the redemption options you should avoid:

  • Most gift card redemptions only offer 1 cent per point. You’re not getting any additional value and you’re giving up the flexibility of cash when you redeem for gift cards. Only redeem for gift cards when select brands are on sale.
  • Pay with points usually offers less value than 1 cent per point. You can get more value from your points through a cash back redemption.
  • Shop with Apple only offers 1 cent per point. If you use your points for cash back and charge your Apple purchases to your card, you can earn rewards for your purchases.
  • Chase Dining only offers 1 cent per point. Use your points for cash back instead and get rewards on your dining purchases.

A few notes on applying for Chase cards

  • Chase generally won’t approve you if your credit report is showing 5 or more new credit card accounts opened in the last 24 months. This rule is knows as the 5/24 rule. If you’re unsure if you are “under 5/24” you should check your 5/24 status before applying for a Chase card. Note that recently this rule seems to have softened. See our coverage about Chase 5/24 for more.
  • How often you can earn a welcome bonus on a Chase card varies by card family.
    • Most cards allow you to earn a welcome bonus if it has been at least 24 months since your last received a welcome bonus on the same card.
    • Chase Sapphire-branded cards, such as the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, you can only earn a welcome bonus once every 48 months. (We published a separate article to help you determine if you can get a Sapphire welcome bonus.)
  • You can only hold one Chase Sapphire-branded card at a time.
  • If you apply for a Chase card and the bank offers a higher bonus within 90 days, you can send Chase a secure message or call them to have your welcome offer matched.
  • Chase business cards do not report to personal credit reports as long as they are current.

Frequently asked questions

Can I apply for both the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®?

No. Chase only allows you to have one Chase Sapphire card at a time. Even if you could have both cards, there would be little benefit to having both.

Can I apply for the higher Chase Sapphire Preferred® Card card welcome bonus and then product change to the Chase Sapphire Reserve®?

Chase requires you to stick with the same card for a year before requesting a product change. After a year, you can change your Chase Sapphire Preferred card to either a Chase Sapphire Reserve or a Chase Freedom Flex card.

How do I get the no-annual-fee Chase Sapphire card?

The Chase Sapphire card with no annual fee is available only as a product-change option for Chase Sapphire Preferred® Card and Chase Sapphire Reserve® cardholders. To get this card, you must hold one of these other cards for a year or more and request a product change. The Chase Sapphire (no-annual-fee) is not available to new cardmembers.

Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.