As its name implies, this card is intended for small business owners. Solo entrepreneurs and freelancers may also qualify; however, keep in mind that it doesn’t include business-specific perks.
With its generous sign-up bonus, strong rewards rates, flexible redemption options and unique perks, this business credit card stands out as a top pick among others in its class.
Earn 3X points on up to $150,000 in purchases in popular business spending categories each account anniversary year.
With its generous sign-up bonus and numerous card benefits, the Ink Business Preferred delivers immense value. Redeem your 100,000 Chase Ultimate Rewards points through its travel portal or transfer them 1:1 ratio to Chase airline and hotel partners; your points could easily outstrip its $95 annual fee!
As part of your Ink Business Preferred card’s rewards, you can accumulate 3X points on up to $150,000 of purchases each year in popular business categories like shipping-related expenses; advertising costs on social media or search engines; internet, cable and phone services; or travel. Your earnings will then drop down to one point per dollar spent thereafter and there are no foreign transaction fees applied when using it abroad.
If you’re an avid traveler, the Ink Business Preferred Card could be worth considering. Your points can be used to pay for flights, hotels and rental cars via Chase Travel Portal; alternatively you could convert them to gift cards and merchandise at a fraction of their actual value.
The Ink Business Preferred card not only offers generous rewards in key spending categories, but it also boasts other helpful perks and features, including trip cancellation and interruption insurance and primary auto rental coverage when renting for business purposes. Furthermore, quality purchase protection covers your new items against damage or theft while extended warranty protection extends their warranties by an extra year for eligible U.S. manufacturer warranties of three years or less.
The Ink Business Preferred is one of the most robust business credit cards on the market, ideal for anyone who spends heavily in bonus categories to maximize rewards potential. If your spending falls outside its spending requirements, other strong business cards offer higher earning rates such as Amex Business Gold’s 5X points up to $250,000 purchase limit and come with even better welcome offers than its own offer.
Earn 1X points on all other purchases.
For cardholders who don’t spend heavily in bonus categories, the Ink Business Preferred offers a standard base rewards rate of one point for every dollar spent across all other purchases. That may provide some value; if you want to maximize its potential however, consider pairing it with one of Chase’s Ultimate Rewards-earning cards with more robust earning rates on non-bonus spending.
Chase Sapphire Reserve card provides 3X points on travel and dining spending and 2X on entertainment spending, along with a $300 annual airline credit, airport lounge access, elite status benefits and an annual fee of $695.
But if a significant portion of your business budget goes toward flights, hotels, and rental cars – this card may help offset its extra annual fee with its benefits. For instance, when renting cars for business use with this card, cardholders on the account can enjoy primary rental car coverage which reimburses damages or theft up to $50,000.
Use your Ultimate Rewards points to book airfare, hotel stays and rental cars through Chase’s travel portal at 1.25 cents each; alternatively transfer them at 1:1 ratio into 14 different airline and hotel loyalty programs.
Travel-related benefits available to Ink Business Preferred cardholders include trip cancellation and interruption insurance, which reimburses up to $5,000 of nonrefundable expenses due to covered events, and cellphone protection that protects both you and your employees when paying monthly bills with this card. Find out in less than 60 seconds if you prequalify!
Get a free year of primary rental car insurance.
The Ink Business Preferred is an excellent business card, boasting high scores in some spending categories and offering substantial benefits that outweigh its annual fee. It is ideal for small business owners who spend significantly in bonus categories and travel frequently; otherwise, another card might be more suitable.
The Ink Business Preferred card provides car rental collision damage insurance when paying in full with it and declining rental company coverage, potentially saving your business hundreds in case of an accident. Furthermore, there’s $600 worth of cell phone protection when bills are paid with this card – three claims per year with $100 deductibles can also be filed! Plus it comes equipped with purchase protections including extended warranty protection that adds one extra year onto manufacturer warranties three years or less!
If you already own another Ultimate Rewards-earning card from Chase, the points earned with it can be combined and used toward redemption of gift cards, merchandise and cash back; furthermore, these rewards never expire so long as your account remains active.
Credit card companies frequently employ the 5/24 rule in order to prevent people with multiple recent applications from getting approved for additional cards. While Chase does not impose this restriction on applications submitted within 24 months of each other, we still review each application individually before issuing you with one.
Get a free year of extended warranty protection.
The Ink Business Preferred is an ideal card for businesses that rely heavily on Chase’s bonus categories, including travel, shipping, advertising and telecom providers. With an exceptional welcome offer and low annual fee as well as money-saving features like cell phone protection, primary rental car coverage and extended warranty protection you can save big with the Ink Business Preferred. Furthermore, Ultimate Rewards points can be transferred to more than two dozen airlines and hotels for outsized redemption values on award travel awards.
Ink Business Preferred currently offers an outstanding sign-up bonus of 100,000 bonus Ultimate Rewards points after spending $8,000 within three months of opening an account, making this an exceptional business credit card offer to consider if your spending falls in one or more bonus categories and you prioritize travel perks.
Ultimate Rewards points can be redeemed for airfare, hotels, car rentals at up to two cents each via Chase’s online portal and mobile app at up to 2 cents each. Plus, this card comes equipped with travel and shopping protections like primary rental car coverage, trip cancellation/interruption insurance and purchase protection – providing peace of mind as you explore.
Although you won’t get high-level benefits such as a $200 annual airline credit and complimentary airport lounge access from cards earning Membership Rewards, the Ink Business Preferred offers more than enough perks to justify its $95 annual fee. Also, given that business credit cards don’t afford consumers as many consumer protections, it is imperative that applicants understand and fully consider all aspects of any contract before applying.
The Ink Business Preferred is ideal for anyone who’s interested in collecting and redeeming Ultimate Rewards points for travel, although cash back options might prove more rewarding elsewhere. Chase’s 5/24 rule prevents qualification if you possess more than five cards from other issuers – any issuer.
Get a free year of cell phone protection.
Today’s smartphones are indispensable tools, yet it can be easy to mishandle them. That’s why the Ink Business Preferred offers cell phone protection that reimburses up to $600 per incident and three claims within 12 months for damages or theft on purchases made with your card – this benefit even covers any employees listed on your monthly cell phone bill!
Ink Business Preferred is one of the only cards to offer this level of protection for new cellphone purchases, including purchase protection that protects against damage and theft for 120 days and extended warranty protection that adds an extra year onto eligible manufacturer warranties of three years or less length.
As part of Chase Ultimate Rewards travel portal, you can maximize the value of this credit card even further by redeeming points through it. While cash back redemption will still give fair value, using Ultimate Rewards portal could earn 25 percent more on travel bookings.
The Ink Business Preferred is an exceptional and cost-effective business credit card with an economical annual fee. Offering generous sign-up bonuses and premium benefits and insurance protection, its generous sign-up bonus makes this card a fantastic choice for entrepreneurs looking to maximize returns from purchases, travel, and entertainment expenses.
Not every business owner will find this credit card worthwhile, but if your spending falls in one or more 3X bonus categories and you plan to take advantage of all its perks and benefits, Ink Business Preferred may be an ideal solution. Just be sure to weigh all of its benefits before applying.