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Editors Note: Chase announced a new Ink Business Preferred 100,000 point offer. This is an increase from 80,000 points.
If you’re in the market for a business credit card, you should check out the Ink Business Preferred℠ Credit Card and its 100,000 point sign-up bonus. Even better, 100,000 Ultimate Rewards points are worth at least $1,250 in travel! You must spend $15,000 on purchases in the first 3 months of account opening to earn the 100k 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.
The information for the Ink Business Preferred℠ Credit Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Chase Ink Business Preferred Review
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
The sign-up bonus for the Ink Business Preferred℠ Credit Card will be 100,000 Ultimate Rewards points after spending $15,000 in the first 3 months, which can be worth $1,250 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 Ink Preferred is $95 annually.
With the Ink Business Preferred℠ Credit Card, Chase is paying out a flat reward rate of 3 Ultimate Rewards (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, cable, and 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.
In addition to the sign-up bonus and purchase rewards, Chase Ink Business Preferred℠ Credit Card 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 Business Preferred℠ Credit Card 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.
Summary of the Chase Ink Business Preferred Review
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 Ink Business Preferred℠ Credit Card. Remember, if you’ve applied for 5+ credit cards in the last 24 months you will most likely be denied approval.
The Ink Business Preferred℠ Credit Card has a tremendous bonus of 100,000 points worth at least $1,250 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.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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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.