AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.

The Ink Business Preferred℠ Credit Card is the latest business credit card from Chase and effective replacement for perennial rewards favorite, the Ink Plus® Business Credit Card. The Ink Preferred is aimed squarely at the SME market, with a few tweaks from its predecessor.

Sporting a simplified rewards structure and a stellar list of bonus categories, this card will appeal to e-commerce operators and any business that utilizes online advertising or social media marketing.

Ink Business Preferred℠ Credit Card


    • 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

Ink Business Preferred℠ Credit Card Signup Bonus – 80,000 Points!

Ink Business Preferred℠‎ Credit Card Signup Bonus

The Ink Preferred launched with an impressive 80,000 point signup bonus after you spend $5,000 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 85,000 Ultimate Rewards points worth $1,062.50 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 $5K spend and receiving the welcome bonus for the Ink Preferred will be worth $1,275 when redeemed through the Ultimate Rewards travel portal. (85,000 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, 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 places 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 Business Preferred℠‎ Credit Card

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 a piece when redeeming for gift cards or cash back 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 France/KLM Flying BlueInstantly
British Airways AviosInstantly
Iberia Plus (Avios)Instantly
Singapore Airlines KrisFlyer1 Day
Southwest Rapid RewardsInstantly
United MileagePlusInstantly
Virgin Atlantic Flying ClubInstantly
World of HyattInstantly
IHG Rewards Club1 Day
Marriott Rewards2 Days

Catch our comprehensive breakdown of transfer partners and redemption options where you’ll find 19 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!

Chase Ink Business Preferred℠‎ Credit Card – Comprehensive Review
4.8 (96%) 10 votes
AwardWallet Tip of The Day
Did you know that with a wide display you are able to expand the AwardWallet window to see the Last Updated column? You can easily see the last time your balance was checked by AwardWallet.
Show me how

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.

Comments

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

  • 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.

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

  • 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.

  • 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?

Leave a Reply

Your email address will not be published. Required fields are marked *

**You may receive 5 bonus AAdvantage miles for leaving a comment (Details/FAQ)