The last new business card Chase introduced was the Ink Business Preferred Credit Card, debuting a year and a half ago.

The card has the best signup bonus out there — a bit number but more importantly highly valuable points — 80,000-point signing bonus after $5000 spend within 3 months. And the points transfer to:

• Airlines: United, Korean, Singapore, Virgin Atlantic, British Airways, Air France KLM, Iberia, Aer Lingus, Southwest
  
• Hotels: Marriott, Ritz-Carlton, Hyatt, IHG

Park Hyatt Aviara

Earning is 3 points a dollar on the first $150,000 spend on “travel, telecommunications, shipping and advertising on social-media and search engines.” And it comes with $600 cell phone protection against theft or damage when you pay your bill with the card.

In some ways the Ink Business Preferred Credit Card is the business version of the Chase Sapphire Preferred Card.

Chase will be adding a new card to the Ink family, that seems more the equivalent of the Freedom Unlimited, offering 1.5 points per dollar on all spend as reported by Bhatdj on reddit they’re going to limit cardmembers to two guests on each visit. (HT: @IadisGr8)

That’s a good bonus, no annual fee is attractive, but points won’t transfer to miles. For that — and for as long as the ability lasts — you need to transfer points from the new card to a Chase Sapphire Preferred Card or Ink Business Preferred Credit Card and then to miles and points.

Presumably like other Chase Ultimate Rewards cards the new product will be subject to ‘5/24’ meaning most people won’t be approved if they’ve already signed up for 5 or more new cards within the past 24 months.