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If you’re in the market for a business credit card, you should check out the Chase Ink Business Preferred credit card and its 80,000 point sign-up bonus. 80,000 Ultimate Rewards points is worth at least $1,000 in travel! You must spend $5,000 in 3 months on the Chase Ink Business Preferred card to receive the 80,000 Ultimate Rewards point sign-up bonus. You will also receive other benefits like 3x points per $1 on select categories, no foreign transaction fees, car rental coverage, and more.
Learn more: Chase Ink Business Preferred
Many will argue that Chase currently holds the crown in the personal credit card arena because of the Chase Sapphire and Freedom credit card families that earn Chase Ultimate Rewards, although their various co-branded travel rewards cards aren’t too shabby either. Chase’s Ink business credit card offerings are very competitive as well and Chase has directly challenged the Business Gold Card from American Express and other Amex business cards with its Ink Business Preferred which it launched late last year.
Here are the Chase Ink Business Preferred’s Details
Sign-Up Bonus: Chase Ink Preferred
The sign-up bonus for the Chase Ink Preferred will be 80,000 Ultimate Rewards points after spending $5,000, that can be worth $1,000 when redeemed for travel rewards through Chase’s website. This bonus is the highest public Chase credit card bonus for their Ultimate Rewards branded products.
The annual fee for the new Ink Preferred will be $95 annually.
With the Ink Business Preferred, Chase is paying out a flat reward rate of 3 UR points per $1 on the first $150,000 spent on the following categories:
- Travel Purchases
- Similar to the Chase Sapphire Preferred or Sapphire Reserve that earn points on airfare, rental car, hotels, taxis, etc.
- Shipping Purchases
- Advertising on search engines and social media
- Select internet, TV, or Phone Services
All other purchases, plus additional purchases made from the bonus categories after maximizing the spending bonus, will earn 1 point per dollar spent.
When redeemed for travel rewards, each Chase point will be worth 1.25 cents each, the same value as the Chase Sapphire Preferred, and 1 cent for all other rewards.
Additional Benefits of the Chase Ink Business Preferred
In addition to the sign-up bonus and purchase rewards, Chase Ink Preferred cardholders will also have the opportunity to enjoy the following benefits:
Cell Phone Insurance
Can receive up to $1,800 in coverage if you pay for any cell phone line with the Chase Ink Business Preferred. A $100 deductible applies, but, eligible expenses can be related to theft or damage. Chase will permit up to three claims per year per cardholder. As Chase pays 3 points for cell phone expenses, this is a benefit that an overwhelming majority of cardholders will have access to, and makes the Ink Preferred a great card to purchase the new iPhone with.
Primary Rental Car Collision Damage Waiver Insurance
Another handy perk offered by other top-tier credit cards, CDW insurance is a benefit that is increasing in popularity. It can help you save money on rental cars and an additional incentive to book all future rental car purchases with the Ink Preferred, in addition to the opportunity to earn 3 bonus points in the bonus travel reward category.
This benefit will probably be identical or very similar to the Sapphire Preferred or Sapphire Reserve that includes trip cancellation/interruption insurance that reimburses up to $10,000 per trip and trip delay insurance that begins offsetting certain incidental expenses after 6 hours of delay (Sapphire Reserve) or 12 hours (Sapphire Preferred).
Chase Purchase Protection
Cardholders will also enjoy the purchase protection benefits offered by Chase included the extended warranty for 3 years after the initial purchase, price protection if the price drops within the first 90 days of purchase, protection from damage, theft, or rejected merchant returns.
Full Marketing Details for the Chase Ink Business Preferred:
- Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
- Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
- Redeem points for travel, cash back, gift cards and more – your points don’t expire as long as your account is open
- No foreign transaction fees
- Employee cards at no additional cost
- $95 Annual Fee
Summary of the Chase Ink Business Preferred
It’s safe to say that the small business clients that like to earn credit card points will probably be excited to apply for the Chase Ink Preferred. Remember, if you’ve applied for 5+ credit cards in the last 24 months you will most likely be denied approval.
The Chase Ink Business Preferred card has a tremendous bonus of 80,000 points worth at least $800 in gift cards, cash back, or $1,000 in travel. The Chase Ink Preferred also comes with the nice perk of earning 3x points per $1 on select categories, no foreign transaction fees, car rental insurance, and cell phone protection. It’s a no-brainer if you’re looking for a rewarding business credit card.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.