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The Ink Business Preferred® Credit Card is arguably the best business credit card for travel available. While there are many reasons to like the Ink Preferred, these are my five favorite reasons why the Ink Business Preferred® Credit Card is my go-to business credit card. If you want to earn travel rewards, flexible point redemption options plus a few other perks, keep on reading.
You will never pay a foreign transaction fee with the Ink Business Preferred® Credit Card. If you currently own the Chase Sapphire Preferred, you’ll be very familiar with the Ink Preferred. In fact, I call it “the business card version of the Chase Sapphire Preferred.”
1:1 Point Transfers and 25% Travel Redemption Bonus
While I appreciate cash back rewards for their simplicity and having a lower monthly statement, redeeming your purchase rewards points for award travel can always be worth at least 1.25 cents each. Your Ultimate Rewards points are only worth one cent each when redeemed for cash statement credits or gift cards.
Redeeming your points for award travel through the Chase travel portal makes them worth 1.25 cents each for any type of award travel from plane tickets, hotel rooms, cruise fares, to rental cars and tour excursions.
The 25% redemption bonus is a valuable redemption benefit, but I prefer the 1:1 point transfers instead as you can transfer points in 1,000 point increments to some of these travel loyalty programs:
- Southwest Airlines
- Aer Lingus
By transferring your Ultimate Rewards points, you can easily get at least 2 cents per point, which is double the redemption value of most other credit card rewards programs. If you’re going to travel for business, the Ink Preferred can easily be the most affordable way to get from Point A to Point B without busting your travel budget.
How hard is it to squeeze two points from each Ultimate Rewards point? It’s actually not as hard as you think if you travel with one of the travel partners mentioned above.
Using your points for airlines is usually the easiest way to get at least two cents per point. This is because award flights are so competitive and you have more options. Whether you fly coach or first class, you should have no problem getting two cents per point. In fact, you might decide to only keep your points for 2+ cents per point.
An Awesome Sign-Up Bonus
The Ink Business Preferred® Credit Card also happens to have the largest public sign-up bonus for any credit card that earns Chase Ultimate Rewards points. You’ll earn 100,000 bonus points that are worth $1,250 in award travel, although the value can be higher when you transfer them to an Ultimate Rewards travel partner.
Yes, you do need to spend $15,000 in the first three months to receive the bonus. Although this spending requirement is relatively high, even for a business credit card, it’s still one of the most valuable bonus offers you’ll see.
Earn Up to 3 Points on All Travel and Business Purchases
Each year, you’ll earn 3 points per $1 on the first $150,000 in combined spending for these purchases:
- Shipping purchases
- Internet, phone, and cable services
- Social media and search engines advertising purchases
All purchases exceeding the $150,000 annual spending cap will earn an unlimited 1 point per $1. As always, your non-bonus spending categories will earn an unlimited 1 point per $1 as well.
Additional employee cards are also free and count towards the 3/1 tiered purchase rewards too. This saves you a second credit card application. Plus, you know you’re earning the most rewards points possible.
Combine Your Ultimate Rewards Points
Do you own other Chase credit cards that earn Ultimate Rewards in the Chase Sapphire or Chase Freedom families? If so, you can “pool” your Ultimate Rewards balance between all your different credit cards to earn award travel sooner.
There are several advantages to have a Chase credit card combo to earn more points per $1 on bonus categories:
- Earn 3 points on travel with the Ink Preferred vs. 2 points per $1 with the Sapphire Preferred
- Earn 5 points on the Chase Freedom bonus categories instead of 1 point per $1 with an Ink or Sapphire card
- Pool your Chase Ink Cash and Ink Preferred bonus points for travel rewards
You can transfer your Ultimate Rewards points between accounts in an instant to increase the redemption value of your points.
Purchase Protection Benefits
Another reason I like the Chase Ink Preferred is that accidents happen. With the Ink Preferred, you can enjoy purchase and travel protection benefits.
- Up to $600 reimbursement per damaged or stolen cell phone
- Primary rental car collision damage waiver coverage
- 24/7 Roadside assistance
- Trip cancellation insurance reimburses up to $5,000 in non-refundable travel
- Extended warranty protection
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.
As a small business owner, every penny counts. Having to pay for damages stemming from a car accident or rearranging your travel plans and paying the difference can erase your profits for an entire month or two. That’s money you were counting on to pay your regular bills.
Although you will hopefully never need to use these additional card benefits, life likes to throw an occasional curveball. If it happens, the Chase Ink Preferred has you covered.
Summary of the Chase Ink Preferred
For these five reasons, you should consider applying for the Ink Business Preferred® Credit Card. For $95 a year, you get a credit card that offers the following benefits:
- Earn bonus points for travel and business purchases
- Redeem your points for award travel, cash, and gift cards
- Receive the most valuable Chase Ultimate Rewards sign-up bonus
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.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. 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.
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.