Update 8/19/18: 3X on Plastiq payments with the Chase Ink Business Preferred stopped working on 8/16/18. So the method below doesn’t work any more. I’m glad I kept my trusty Chase Ink Plus after all!
There’s a bit of a known secret about the Chase Ink Business Preferred card – you earn 3X Chase Ultimate Rewards points on ALL Plastiq payments (that is, the ones you can use a Visa card for).
I currently have the old Chase Ink Plus card (no longer available) that earns 5X at office supply stores, and on cable, internet, and phone service.
But month after month, I find myself spending way more on Plastiq payments than on “office supplies” or my internet bills. I’m heavily considering converting to the Ink Business Preferred to get that sweet 3X. When I run the numbers, I know I can earn more Chase Ultimate Rewards points this way. But, I’m afraid:
- Chase will change the 3X any second now
- Of losing the Chase Ink Plus card – once I convert, I can never go back
Is it worth a risk long-term for a short-term gain? Ah, isn’t that always top of mind with this hobby (and everything, really)?
Along the same thinking, would it be worth opening the Chase Ink Preferred to earn 3X on Plastiq payments… for as long as the gettin’s good?