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You would need to search far and wide for a better ‘bang-for-buck’ small business rewards card than the Ink Business Preferred℠ Credit Card. The card currently offers the highest available signup bonus of any Ultimate Rewards earning-card, an affordable minimum spend, a modest $95 annual fee, and includes top-value benefits such as cell phone insurance and primary CDW for rental cars used for business rentals.

As part of the Chase Ultimate Rewards family of credit cards, the Ink Preferred earns some of the most valuable rewards points you can collect. They transfer to travel partners at a 1:1 ratio (airline / hotel), are redeemable through the Ultimate Rewards Travel Portal for $1,000 of flights or hotels, or, if you don’t travel, would net you $800 cash back as a statement credit against this years Christmas shopping.

Chase Ultimate Rewards Logo

With a massive signup offer of 80,000 bonus points, the Ink Preferred provides enough Ultimate Rewards points for round-trip, business class flights to Europe. It is currently the highest Ultimate Rewards signup bonus out there, and with an annual fee of just $95 per year, we think it’s the best Ultimate Rewards earning-card on the market.

Bonus tip: Close to 5/24? While the Ink Preferred is subject to 5/24, it won’t count against your 5/24 total. So you can apply for the Ink Preferred without it impacting your chances of getting a personal Chase card for that particular reason.

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

Travel Worth $1,000+ with No Blackout Dates

One of the best features of the Ultimate Rewards program is its flexibility. You can redeem your points through the Chase Travel Portal for a fixed-value, or transfer your points to high-value travel partners and redeem them for premium travel experiences that are typically out of reach for most travelers.

The value you receive through the portal changes depending on the card you hold, with values ranging from a static 1¢ per point for Chase’s no-annual-fee cards, rising to 1.25¢ per point for the Ink Preferred and Sapphire Preferred and topping out at 1.5¢ per point for the Chase Sapphire Reserve®.

Park Hyatt Siem Reap Banyan Tree Courtyard
The signup bonus on the Ink Preferred is enough for five nights at the Park Hyatt Siem Reap in Cambodia

The Ink Preferred offers 80,000 bonus points after meeting the minimum spend, which is worth $1,000 when redeemed through the Chase Travel Portal, or potentially much more when transferred to partners for premium cabin redemptions.

So why would you redeem points through the portal when you could get higher value via transfer? Flexibility!

Redemptions through the portal are treated, for availability purposes, the same as a revenue booking. If there is a seat or room available for cash, you can purchase it through Chase using your Ultimate Rewards.

That means no searching for open award space, the ability to redeem your points with airlines or hotels that you can’t transfer points to, and you can avoid blackout dates, dynamic award pricing, and seasonal fluctuations commonly found in award charts. It also allows you to take advantage of the low-cost airfares now so prevalent on budget carriers, both domestically and abroad.

Maximize Your Rewards by Combining with Other Chase Cards

If you hold other Chase cards from the Ultimate Rewards family, you can maximize your rewards by combining points earned across all your cards, and redeem through the highest earning card you hold. For example:

  • Earn 5x points on bonus categories with your Chase Freedom®
  • Earn 3x points on bonus categories with your Ink Preferred
  • Combine points to your Sapphire Reserve and redeem at 1.5¢ per point through the Ultimate Rewards travel portal

When you combine the points from the Freedom Card bonus categories with your Sapphire Reserve and redeem through the portal, you’re essentially getting 7.5% back on your spend which is an incredible return. If you hold both the Ink Preferred and the Sapphire Reserve you could redeem the 80K point signup bonus for $1,250 worth of travel through the Ultimate Rewards Travel Portal!

Transfer Ultimate Rewards to Partners for Top Value

If you want to get the highest return on your points, you need to go down the path of transferring those points to Chase travel partners, and redeeming them for high-value premium cabin flights or hotels. What can 80,000 Ultimate Rewards get you through transfer partners? Here’s a small sample:

  • 3 nights at a category 5 Hyatt property @ 20,000 points per night
  • 17 flights under 650 miles in economy outside the US via British Airways Avios @ 4,500 miles each

These are just a small sample of the value you can get with Ultimate Rewards points by transferring to partners, something we delve deeper into in the linked posts and in our award chart sweet spots.

Final Thoughts

We think the Ink Preferred is the best value small business card currently on the market. It offers an 80,000 point signup bonus with great perks and the ability to combine points from all your UR earning cards for life-changing travel experiences.

You can transfer Ultimate Rewards points to partners or redeem them through the Ultimate Rewards Travel Portal, so it doesn’t matter what level of experience you have, you can have fantastic award travel adventures paying just pennies on the dollar.

Unsure if you qualify for a business card? Read Howie’s guide to how (almost) anyone can qualify a business rewards card; you may already be eligible without even knowing!

Already have the Ink Preferred? Let us know your favorite feature in the comments.

Travel Worth $1,000+ Without Searching for Award Availability
5 (100%) 13 votes
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