The Ink Business Preferred offers businesses who spend in its bonus categories significant rewards; however, this card may not be suitable for everyone.
This card boasts an attractive welcome offer, excellent points-earning categories and valuable travel protections that we estimate exceed its $95 annual fee.
1. Travel Protection
The Ink Business Preferred is among the most lucrative business credit cards due to its generous welcome bonus and exceptional points-earning categories, not to mention travel and purchase protection benefits that further boost its worth.
As an example, when booking travel with this card you will benefit from several trip cancellation and interruption insurance policies that cover non-refundable expenses like airfare and hotel rooms in case you become sick before your trip or otherwise are unable to travel as planned. We value this perk conservatively at $150 but it could potentially help cover significant out-of-pocket costs in case something unexpected comes up on the road.
If you use the Ink Business Preferred card to pay foreign currency invoices or charge items in different currencies, there won’t be a 3% fee levied like other business cards do. If your international purchases are frequent, this feature can come in handy.
Purchase protection is another underrated perk offered with the Ink Business Preferred, providing eligible items purchased using it with protection against damage or theft for up to 120 days – this covers items purchased at restaurants and hotels and covers up to $10k annually with just a $100 deductible per claim – making this card ideal for frequent travelers and/or worrying about losing important equipment while travelling for work.
Cellphone protection is another valuable perk available with the Ink Business Preferred, providing up to $600 of protection per claim for damaged or stolen devices listed on your monthly cell phone bill. Up to three claims per year can be filed; in order to qualify you’ll need to make payments via your card every month and pay your monthly bill using it as payment. At Upgraded Points we believe this benefit makes up more than its annual fee of $95.
The Ink Business Preferred card also offers primary car rental insurance when you decline the rental company’s collision damage waiver and charge the full cost of your trip on it – an invaluable benefit for frequent car renters as it can protect against costly collision charges if an accident or theft should arise.
2. Purchase Protection
The Ink Business Preferred is one of the best cards available for small business owners, providing many valuable benefits that make it one of the top cards available today. Earning a massive 100,000-point welcome bonus is great, while it also lets you transfer Ultimate Rewards points directly to partner airlines and hotels and use them toward airfare or hotel stays.
Moreover, the Ink Business Preferred card also comes equipped with purchase protection benefits to safeguard you against unexpected expenses. For instance, this card provides one year manufacturer’s warranty extension on purchases made with it that have a manufacturer’s warranty of three years or less; saving money should something go wrong with an expensive piece of office equipment or furniture purchased with this card.
Additionally, this card also offers lost bag coverage when booking flights, providing up to $3,000 in reimbursement if your luggage goes missing on domestic or international flights – an invaluable benefit when travelling for work purposes.
Cell phone protection can come in very handy for businesses that use smartphones and other mobile devices for work-related reasons, as it offers up to $1,000 compensation per incident if damage or theft of your phone causes injury to yourself and/or those listed on its monthly bill. Businesses using phones for professional purposes can find this feature particularly advantageous.
The Ink Business Preferred also eliminates foreign transaction fees, making this benefit extremely helpful to small-business owners who travel overseas or pay invoices in a different currency. We conservatively value this benefit at $100; however, for business owners who regularly transact outside the U.S. this benefit could be much greater.
The Ink Business Preferred is an ideal option for small-business owners who spend heavily in its bonus categories, such as office supplies, gas stations and internet/cable/phone services. Furthermore, this card provides primary car rental insurance coverage against loss, damage and theft – something many other cards cannot provide.
3. Cell Phone Protection
The Ink Business Preferred is one of our premier business credit cards for travel, offering an attractive sign-up bonus and multiple opportunities to rack up points. Furthermore, its flexible redemption options enable owners to transfer Ultimate Rewards points directly to 14 travel partners while taking advantage of purchase protection features like cell phone insurance.
This business credit card’s unique cell phone protection benefit provides up to $600 of coverage per claim against damage or theft with only a $100 deductible per claim, making this card ideal for you and all employees listed on your monthly cell phone bill. Simply pay each recurring wireless carrier bill with your Ink Business Preferred each month and you are covered!
Note that this coverage should only be seen as an add-on to existing insurance policies such as homeowners or renter’s policies, or your wireless carrier plan’s own device protection plan. In order to receive coverage, any lost or stolen phone must be reported within 48 hours after its incident if possible.
Not only does this business credit card offer cell phone protection perks, but also provides other valuable purchase protections that can help to safeguard purchases and investments. Eligible new purchases are protected against damage or theft for 120 days with this credit card; additionally, an extended manufacturer warranty on select items can be added at no cost.
The Ink Business Preferred is an outstanding business credit card for travel, featuring no foreign transaction fees and high earnings rates on both airfare and hotel stays. Furthermore, its threex points earning rate makes it ideal for purchasing technology and services such as internet/cable/phone service and advertising purchases through social media sites and search engines. But to make an informed decision regarding which card best meets your business needs before making a commitment we created a free tool to show how much a card may be worth based on individual spending patterns and point values.
4. Primary Car Rental Insurance
Your company requires investments for business cell phones, computer equipment and office supplies – investments which may need protecting. The Ink Business Preferred and its sister cards offer comprehensive purchase protection – reimburses up to $50,000 of certain purchases that become damaged or stolen within 120 days from purchase date, up to $50k total annually. In addition, additional warranty coverage may also apply if an item charged to your card goes missing – we value this perk at $200.
The Ink Business Preferred and its companion cards offer primary car rental insurance, which protects up to the actual cash value of any rental car used for business reasons worldwide if an accident or theft occurs, provided you pay with this card and decline any collision damage waiver offered by rental agencies. This feature is rarely found among business credit cards but provides extra peace of mind while traveling in unpredictable environments where accidents are more likely.
Chase Ultimate Rewards points can also be transferred at a 1:1 ratio with various airline and hotel partners such as United MileagePlus, British Airways, Southwest Rapid Rewards, Marriott Bonvoy and World of Hyatt programs to make the most of your points – this makes using them for elite status upgrades, free hotel stays and flight upgrades much simpler!
Finally, the Ink Business Preferred card offers no foreign transaction fees to save money if you often travel overseas for work or pay invoices in currencies other than dollars. Other features of the card include fraud protection, zero liability protection, purchase/extended warranty protection and cell phone protection.
The Ink Business Preferred card is ideal for small-business owners who seek to maximize points in categories like travel, shipping and online advertising while taking advantage of valuable card perks such as purchase protection, cell phone coverage and primary auto rental insurance. However, for those not typically spending $15,000 in three months and earning the generous welcome bonus or preferring cards with flexible earning structures in specific categories – other top business credit cards may provide more benefits.