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If you’re in the market for a business credit card, you should check out the Ink Business Preferred® Credit Card. It has several benefits and a 100,000 points sign-up bonus 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. Cardholders also earn 3x points on select business purchases, a 25% travel redemption bonus, car rental coverage, and more.
100k Bonus (Worth $1250 in travel): Ink Business Preferred® Credit Card
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. Chase has directly challenged the American Express® Business Gold Card and other Amex business cards with its Ink Business Preferred® Credit Card.
Chase Ink Business Preferred’s Details
The sign-up bonus for the Ink Business Preferred® Credit Card is the ability to earn 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 the Chase Ultimate Rewards portal. This bonus is the highest public Chase credit card bonus for their Ultimate Rewards branded products and one of the best credit card offers.
Plus, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. So, 100,000 points are worth $1,250 toward travel with the 25% benefit for travel redemption.
The Ink Business Preferred® Credit Card has a $95 annual fee but no foreign transaction fees. If cardholders are able to use the card’s benefits and take advantage of the transfer partners, this annual fee can easily be offset. If you are looking for a Chase business card with no annual fee, the Ink Business Unlimited® Credit Card and the Ink Business Cash® Credit Card might be more up your alley.
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
- 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. Learn more about Chase’s rewards categories on the Chase site.
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 continuing this Ink Business Preferred review, let’s review one of the most exciting aspects of a travel credit card—redemption options! There are several ways cardholders can redeem their points, including for travel, on Apple purchases, gift cards, and cash back. But, you will maximize your points most if redeemed for travel, due to the 25% benefit and 1:1 transfer value.
You can transfer your Ultimate Rewards points to participating frequent travel programs at full 1:1 value. So, that means one Chase Ultimate Rewards point equals one partner mile/point. Chase has several travel partners, including:
- Aer Lingus AerClub
- Air Canada Aeroplan (expected in late 2021)
- Air France/KLM Flying Blue
- British Airways Executive Club
- Emirates Skywards
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
As you can see, there are plenty of options with some of the biggest names in travel. This can make it easy when traveling both domestically and abroad.
This Ink Business Preferred review wouldn’t be complete without talking about the additional benefits that some cardholders may not be aware of. 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.
Cardholders can redeem points for cash back, gift cards, travel, and more (points are worth 25% more when redeemed for travel through Chase Ultimate Rewards). Points don’t expire as long as the account is open. Additionally, cardholders get fraud protection and zero liability. Purchase protection covers new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
Cell Phone Insurance
Cardholders receive up to $1,800 in coverage when paying for any cell phone line with the Chase Ink Business Preferred Credit Card. 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. This makes the Ink Business Preferred® Credit Card a great card to purchase a 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. This is on top of the opportunity to earn 3 bonus points in the bonus travel reward category.
This benefit is similar to the Chase Sapphire rental car insurance benefits. It 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.
If you’d like to request additional cards for employees, there is no extra charge to do so. Employers can set individual spending limits on employee cards. Employee cards also earn rewards.
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 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 due to the Chase 5/24 rule. You will also need good to excellent credit for this card.
The Ink Business Preferred® Credit Card has a tremendous bonus of 100,000 points worth at least $1,250 in travel. The Chase Ink Business 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.
100k Bonus (Worth $1250 in travel): Ink Business Preferred® Credit Card
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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 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
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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.