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Chase Ink Business Preferred® Credit Card

If you’re a business owner looking for a credit card that offers excellent rewards and valuable benefits, the Chase Ink Business Preferred® Credit Card might be a perfect fit. This card is designed to help you manage your business expenses while earning points that can be redeemed for travel, cashback, and more. This review will cover everything you need about the Chase Ink Business Preferred® Credit Card, including its features, benefits, pros, cons, and whether you should apply.

What is the Chase Ink Business Preferred® Credit Card?

The Chase Ink Business Preferred® Credit Card is a business credit card that offers high rewards on common business expenses, valuable travel perks, and a range of other benefits. It’s part of Chase’s Ink Business credit card lineup, which is known for providing excellent value to small business owners.

Welcome Bonus

Earn 100,000 bonus points

APR

21.24%–26.24% variable

Annual Fee

$95

Pros and Cons of the Chase Ink Business Preferred® Credit Card

Pros

Big Welcome Bonus: Get 100,000 bonus points (worth $1,000 cash or $1,250 for travel) after spending $8,000 in the first 3 months.

High Earning Rates: Earn lots of points on everyday business spending.

Flexible Rewards Redemption: Use points for travel, cash back, or gift cards.

Comprehensive Travel Benefits: Get travel insurance, no foreign transaction fees, and help while traveling.

Cell Phone Protection: If you pay your bill with the card, your phone is covered for theft or damage.

Cons

High Annual Fee: $95 annual fee, but the rewards can compensate for it.

Spending Requirement for Welcome Offer: You must spend a lot to get the bonus, which may be hard for some businesses.

Category Limitations: Only certain types of purchases get the highest rewards.

Benefits of the Chase Ink Business Preferred® Credit Card

  • Lucrative Welcome Offer

    One of the biggest attractions of the Chase Ink Business Preferred® Credit Card is its lucrative welcome offer. Earn 100,000 Chase Ultimate Rewards® Points after you spend $8,000 on purchases in the first 3 months from account opening. This welcome bonus can provide a great start to your rewards-earning journey and help you save on future expenses.

  • High Earning Rates on Business Categories

    The card offers impressive earning rates on purchases in key business categories, such as:

    • Travel: Earn 3 points per dollar on travel purchases, including flights, hotels, car rentals, and more.
    • Shipping: Earn 3 points per dollar on shipping expenses.
    • Advertising: Earn 3 points per dollar on advertising purchases made with social media sites and search engines.
    • Internet, Cable, and Phone Services: Earn 3 points per dollar on these essential services.

    Earn 1 point per $1 on all other purchases, with no limit.

  • Flexible Rewards Redemption

    Points earned with the Chase Ink Business Preferred Credit Card® can be redeemed in various ways, giving you flexibility in using your rewards. Options include:

    • Travel: Use your points to book flights, hotels, car rentals, and other travel-related expenses through the Chase Ultimate Rewards portal. When redeemed for travel, your points are worth 25% more. For example, 100,000 points are worth $1,250 towards travel.
    • Cashback: Redeem your points for cashback, which can be used to offset your credit card balance.
    • Gift Cards: Choose from various gift cards from popular retailers and restaurants.
    • Products and Services: Redeem points for merchandise or services through the Chase Ultimate Rewards® portal.
  • Comprehensive Travel Benefits

    The card offers several travel benefits that can enhance your business trips:

    • Travel Insurance: Coverage for trip cancellations, interruptions, and delays.
    • No Foreign Transaction Fees: Save money on purchases made outside the U.S. by avoiding foreign transaction fees.
    • Travel Assistance Services: Access to 24/7 travel assistance for emergencies, including medical and legal referrals.
  • Cell Phone Protection

    Pay your monthly cell phone bill with the Chase Ink Business Preferred® Credit Card, and you’ll receive cell phone protection. This benefit covers theft or damage to your phone up to $1,000 per claim, saving you money on repairs or replacements. 

    **There is a $100 deductible per claim, and you can make a maximum of 3 claims in a 12-month period.

Is the Chase Ink Business Preferred® Credit Card Right for Your Business?

The Chase Ink Business Preferred® Credit Card is a strong contender for business owners looking for a card that offers high rewards, flexible redemption options, and comprehensive benefits. However, whether it’s the right card for your business depends on your needs and spending habits.

Consider the Chase Ink Business Preferred® Credit Card if:
  • You Want a Lucrative Welcome Offer: The card’s generous welcome bonus can significantly boost your rewards balance.
  • You Spend a Lot in Business Categories: If your business has high expenses in categories like travel, shipping, advertising, and internet services, you can earn points quickly.
  • You Value Travel Benefits: The travel perks, including no foreign transaction fees and travel insurance, can make your business trips more comfortable and cost-effective.
  • You Need Cell Phone Protection: Paying your cell phone bill with the card gives you coverage for theft or damage, providing peace of mind.
Look for Other Options if:
  • You Prefer a No-Fee Card: If you’re uncomfortable paying an annual fee, you might want to consider a card with no annual fee, although it may offer fewer benefits.
  • Your Business Spending Doesn’t Align with the Card’s Categories: If your business expenses don’t fall into the high-earning categories, you might not get as much value from the card.

Final Thoughts

The Chase Ink Business Preferred® Credit Card is an excellent choice for business owners who want to maximize their rewards and enjoy various benefits. With its generous welcome offer, high earning rates, flexible redemption options, and comprehensive travel benefits, this card can be a powerful tool for managing your business finances.

Consider your business’s spending patterns, travel needs, and expense management preferences to determine if the Chase Ink Business Preferred® Credit Card fits you. With the right strategy, this card can help you earn rewards, save on expenses, and enjoy premium services that support your business’s growth and success in 2024 and beyond.

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Chase Ink Business Preferred® Credit Card

Editorial Disclosure

Opinions  expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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