Chase Ink Business Preferred Card Basics For November 2023
The Ink Business Preferred® Credit Card is the all-around best and most well-rounded business credit card out there, in my opinion. The card has an incredible sign-up bonus, reasonable annual fee, excellent bonus categories, and valuable perks. So, let’s look at the details of the card.
This is a massive bonus, and one of the best credit card welcome bonuses out there(100,000). Combined with travel partners I’ve recently got rewards as high as $8,000 worth, that is 8 cents/point, far above 1.25 that is industry average value!!!!!!
Chase Ink Preferred $95 Annual Fee
The Chase Ink Business Preferred has a $95 annual fee, which is among the most reasonable annual fees you’ll find on a premium business card. You can add employees to your card at no extra cost, meaning you can also earn points for their spending at an accelerated rate.
Earning Points With The Chase Ink Business Preferred
One of the things that makes the Chase Ink Preferred Card so great is that it offers a lucrative points earning structure, as you can earn up to triple points on many purchases.
Chase Ink Preferred 3x Points Categories
The Chase Ink Business Preferred offers 3x Ultimate Rewards points in the following categories:
- Travel
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
Those are some extremely useful and widespread bonus categories for most businesses. The “travel” category covers all kinds of things, from flights to hotels to rental cars to parking to ridesharing.
A lot of businesses have internet and phone service expenses, so you can earn triple points in those categories as well. If you’re a business that spends a lot on social media or search engine advertising (i.e., Facebook or Google), that could pay off very nicely as well.
In my opinion there’s not a more well-rounded business card out there in terms of the rewards you’ll get, and this card “only” has a $95 annual fee.
Chase Ink Preferred $150,000 Annual Bonus Limit
You’re capped on earning 3x points with the Chase Ink Business Preferred on the first $150,000 spent in the above categories combined every account anniversary year. That means Chase isn’t using a January 1 through December 31 calendar, but rather it’s based on a rolling 12 months from when you opened your account.
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Chase Ink Preferred No Foreign Transaction Fees
The Chase Ink Business Preferred has no foreign transaction fees, so it’s an ideal card for purchases abroad.
Redeeming Chase Ink Business Preferred Points
The Chase Ink Preferred Card earns Chase Ultimate Rewards points, and there are two ways you can efficiently redeem those toward travel rewards:
- Points can be redeemed for 1.25 cents each toward the cost of a travel purchase through the Chase Ultimate Rewards Travel Portal
- Points can be transferred at a 1:1 ratio to over a dozen airline and hotel partners
The Ultimate Rewards airline and hotel partners include the following:
| Airline Partners | Hotel Partners |
| Aer Lingus AerClub | IHG One Rewards |
| Air Canada Aeroplan | Marriott Bonvoy |
| Air France-KLM Flying Blue | World of Hyatt |
| British Airways Executive Club | |
| Emirates Skywards | |
| Iberia Plus | |
| JetBlue TrueBlue | |
| Singapore Airlines KrisFlyer | |
| Southwest Rapid Rewards | |
| United MileagePlus | |
| Virgin Atlantic Flying Club |
Chase Ultimate Rewards transfer partners
In general my favorite use of Ultimate Rewards points is transferring them to airline and hotel partners, where you can get outsized value for aspirational redemptions. For example, you can redeem for first and business class tickets that would cost thousands and thousands of dollars if paying cash, or for luxury hotels that would cost $1,000+ per night.
Learn How To Transfer Points To Partners Here
Chase Ink Business Preferred Card Benefits
As you can see above, the Chase Ink Preferred Card offers an incredible sign-up bonus, and huge 3x points earning categories. But the benefits of this card go way beyond that.
Let’s look at some of the other benefits the Ink Business Preferred offers, ranging from rental car coverage to an amazing cell phone protection plan (in all cases you’ll want to consult your cardmember agreement for full details).
Chase Ink Preferred Cell Phone Protection
With the Chase Ink Business Preferred, get up to $1,000 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred. You can have a maximum of three claims in a 12 month period with a $100 deductible per claim.
Chase Ink Preferred Rental Car Coverage
The Chase Ink Business Preferred offers an excellent primary auto rental CDW (collision damage waiver) benefit:
- This is valid when renting globally for business reasons, and is valid outside the United States when renting for personal reasons as well
- Decline the rental company’s collision insurance and charge the entire rental cost to your card
Chase Ink Preferred Extended Warranty Protection
With the Chase Ink Business Preferred you can extend the time period of a United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
Chase Ink Preferred Trip Cancellation & Interruption Insurance
The Chase Ink Business Preferred offers potentially valuable travel coverage. If your trip is cancelled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Bottom Line
The Chase Ink Business Preferred Card is the single most well-rounded business credit card out there, in my opinion. The card offers a massive welcome bonus, incredible 3x points categories for common spending categories for businesses, and amazing protection, ranging from rental car damage to cell phone protection to purchase protection.
While I’d say this card isn’t worth it for someone strictly looking for cash back, otherwise you simply can’t go wrong with the Chase Ink Business Preferred, in my opinion.
Apply now for the Chase Ink Business Preferred with a bonus of 100,000 points!
No Business No Problem
Consider Personal Card: Chase Sapphire Preferred
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