Chase Ink Business Preferred<sup>®</sup>‎ Credit Card - Comprehensive Review Chase Ink Business Preferred<sup>®</sup>‎ Credit Card - Comprehensive Review

Chase Ink Business Preferred®‎ Credit Card - Comprehensive Review

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The Ink Business Preferred® Credit Card is one of the best small-business cards on the market, thanks to a solid lineup of benefits, 3X earning on select business categories, and a fantastic rewards program. If your goal is travel, the Ink Preferred can help you turn your business spending into huge savings on your next trip.

Ink Business Preferred® Credit Card
Ink Business Preferred® Credit Card
Annual Fee$95
Welcome Offer Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
The most valuable Ultimate Rewards signup bonus on offer and our top pick for small business rewards cards. Business owners earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. Plus, earn up to 450,000 points per year on a wide range of 3X bonus categories.
  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed 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 Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
  • 1X point per $1 on all other purchases

Ink Business Preferred® Credit Card Signup Bonus – 100,000 Points!

The Ink Preferred launched with an impressive 100,000 point signup bonus after you spend $15,000 on purchases in the first 3 months from account opening. Earning the minimum 1 point/$1 spent to reach the signup bonus, cardmembers will receive 115,000 Ultimate Rewards points worth $1,437.50 towards travel rewards when redeemed through Chase Ultimate Rewards.

Points earned with the Ink Preferred can be combined with points earned across the entire family of Ultimate Rewards earning cards, which includes:

If you also hold a Sapphire Reserve, the points earned by achieving the minimum $15K spend and receiving the welcome bonus for the Ink Preferred will be worth $1,725 when redeemed through the Ultimate Rewards travel portal. (115,000 points @ 1.5¢ each after you combine your points)

Earn More Points with Ink Preferred Bonus Categories

Ink Preferred Bonus Categories

Replacing the Ink Plus Card, a longtime favorite of points aficionados earning 5X and 2X points on up to $50K for each select bonus category, Chase has simplified the rewards structure on the new Ink Preferred.

Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:

  • Travel
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases made with social media sites and search engines

Earn 1 point per $1 on all other purchases, with no limits on the number of points you can earn

The increased limit of $150K on combined purchases will appeal to a huge number of business operators. The 3X points on travel place the card in the same earning category as the Sapphire Reserve, with less than a quarter of the annual fee.

And the bonus points for online advertising, shipping, and Internet/phone services make the Ink Preferred perfect for any business operating online, particularly e-commerce companies, Amazon/eBay store owners, and any business that utilizes online advertising. The addition of these bonus categories is a huge attraction to business owners that likely have significant expenses in these categories.

Redeeming Points Earned with the Ink Preferred

Similar to the Sapphire Preferred, you can redeem points earned with your Ink Preferred card for 1.25¢/point towards travel through Chase Ultimate Rewards, or for a penny apiece when redeeming for gift cards or cashback via a statement credit.

Alternatively, you can spend your Ultimate Rewards points directly on Amazon for gifts, essentials, or luxury items delivered straight to your door.

The best way to maximize the value of Ultimate Rewards earned with your Ink Preferred card is transferring points to Chase’s Ultimate Rewards travel partners.

Partner ProgramTime for Points to Transfer
Aer Lingus AerClub (Avios)Instantly
Air Canada AeroplanInstantly
Air France/KLM Flying BlueInstantly
British Airways Executive Club (Avios)Instantly
Emirates SkywardsInstantly
Iberia Plus (Avios)Instantly
JetBlue TrueBlueInstantly
Singapore Airlines KrisFlyer17 hours
Southwest Rapid RewardsInstantly
United MileagePlusInstantly
Virgin Atlantic Flying ClubInstantly
World of HyattInstantly
IHG One Rewards5 hours
Marriott Bonvoy1 day

Catch our comprehensive breakdown of transfer partners and redemption options where you’ll find 20 ways to redeem Ultimate Rewards points for maximum value.

Ink Business Preferred® Credit Card Benefits

As with the Sapphire Preferred, the benefits received for the $95 annual fee on the Ink Preferred are second to none.

Auto Rental Collision Damage Waiver

The Auto Rental CDW will cover you up to the cash value of most rental vehicles for damage caused by a collision or if the car is stolen. The Auto Rental CDW on the Ink Preferred is primary coverage when renting for business purposes, meaning you do not need to file a claim with any other insurer before claiming under the card benefit, and secondary for private rentals. You must decline the rental company’s insurance and pay for the full cost of the rental on your Ink Preferred for coverage to be in effect. So, when you're renting for work, use this card. When you're renting a car for personal reasons, use your Sapphire Preferred or Sapphire Reserve.

Ink Preferred Trip Interruption / Trip Cancellation Insurance

The trip interruption and cancellation insurance offered by the Ink Preferred will cover up to $5,000 in pre-paid or non-refundable travel expenses if a trip is canceled or cut short by a covered situation as per the benefits guide. The policy covers the cardholder, immediate family members, and also persons employed by the company for which the Ink Preferred account is issued, meaning you can claim on employee trips that go awry. It also covers trips purchased using UR points from the account which will be reimbursed a 1¢/point.

Ink Preferred Trip Delay Reimbursement

Receive up to $500 for each purchased ticket if your trip is delayed by a covered hazard for more than 12 hours or overnight. A great way of covering incidentals.

Ink Preferred Baggage Delay Reimbursement

Will cover up to $100 reimbursement per day, for a maximum of 5 days, for the purchase of essential items such as clothing, toiletries, and charging cables for cellular telephones, if your flight is delayed by more than 6 hours for a covered delay.

Ink Preferred Cell Phone Protection

One of the standalone benefits of the Ink Preferred, which is not currently offered by any other business rewards credit card, is the cell phone protection. Pay the full monthly account of each phone with your Ink Preferred, and the phone is covered for theft, damage, and loss up to the value of $600. Note: This benefit does not cover phones that you lease or on a month to month payment plan with; you much purchase the device outright and pay its monthly service with this card to receive the benefit.

Cardholders can claim this benefit up to 3X per year, or a total of $1,800 per annum, and earn 3X points for every dollar spent on telephone services in the process. There is a $100 deductible on each successful claim.

Ink Preferred Purchase Protection

The Purchase Protection Benefit will cover new items purchased on the Ink Preferred against fire and theft up to $10K per claim, up to $50K per account. Covers new purchases for up to 120 days.

Ink Preferred Extended Warranty

Purchase an item on your Ink Preferred with an eligible U.S. manufacturers repair warranty of three years or less, and extend the warranty by a further year up to a value of $10K per claim, and $50K per account.

Final Thoughts

We've had plenty of time since Chase launched the new Ink Business Preferred® Credit Card to tease out all its secrets, and this is an outstanding business card that will work as a perfect companion for the $0 annual fee Ink Business Cash® Credit Card.

As with most Chase rewards cards, the points earning potential is only half the attraction. The Ink Preferred has a number of high-value benefits, including some that are unique to the card like the Cell Phone Protection for business accounts.

With an annual fee of just $95, you have to give the Ink Preferred the edge as the new business credit card to beat!

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  • My wife recently applied for this card for her business and was denied. Apparently they didn’t like the fact that two months ago she got the Chase Sapphire Preferred card. Is there a timeframe we should adhere to when applying for new cards in the Chase family?

  • I am a small business owner with a federal tax ID, but to make the initial $5000 to get the bonus, I would have to charge personal as well as business expenses to the card. Would that be something Chase would have an issue with?

    • Business cards are designed to be used for business expenses only, and if you read through your terms and conditions you’ll see language stating something similar. Any questions about using the card and receiving the associated bonuses should be directed to Chase.

      That said, I know many small business owners that use their personal cards for business expenses and vice-versa, without issue.

  • Nice write-up; this card is definitely going on the to-get list!

  • I want this card SOOOOO bad for the cell phone protection and obviously the bonus points. Its too bad that 5/24 is in full effect with this card and its too bad that Chase is so stingy when extending business credit. I wish they would extend business credit as easily as Amex does, my online application for the SPG Business card took 2 seconds to fill out and was approved automatically. With that being said, I’ve had luck with in-branch pre-approvals at Chase banks so hopefully a pre-approval will be enough. And if that doesn’t work a little tax history from my business should help too. If all else fails, well I already have the CSR, CFU, and CF so I’m already pretty well stacked in the UR world.

  • This card sounds like a great product. What is defined as advertising purchases?