Ink Business Preferred℠ Credit Card

Advertiser & Editorial Disclosure

A strong member of Chase’s stable of point-earning cards, the is made to work for your business. With a generous welcome offer, relevant earning categories, and a variety of ways to spend your points, this is a solid choice for qualifying business owners. Pros Generous welcome offer Flexibility when redeeming… Continue

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Great for Rewards in the Form of Points

Ink Business Preferred℠ Credit Card

Intro APR N/A
Annual Fee $95

Rates and Fees

Terms, Rates & Fees

Intro APR N/A
Purchase APR 18.24% - 23.24% Variable
Annual Fee $95
Welcome Offer Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Rewards Rate Earn 3 points per $1 in select business categories.

Details

  • 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

Nav's Verdict

Bottom Line A good option for businesses that spend a lot in the bonus categories and enjoy rewards in the form of points.

A strong member of Chase’s stable of point-earning cards, the Ink Business Preferred℠ Credit Card is made to work for your business. With a generous welcome offer, relevant earning categories, and a variety of ways to spend your points, this is a solid choice for qualifying business owners.

Pros

  • Generous welcome offer
  • Flexibility when redeeming points
  • Relevant spending categories for earning points
  • Low annual fee ($95)
  • No foreign transaction fees

Cons

  • High spending threshold for welcome offer.

Welcome Offer

A strong welcome offer is a draw for most business credit cards, and this one is about as generous as they come. Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening..

This can be a plus or a deterrent, depending on your business’ current spending habits. For some, $5,000 goes before you finish this sentence, for others, spending around $1,600 a month for three months can be a bit of a stretch.

With this card’s rewards structure, those 80,000 points become about $1,600, making it a very generous return on your spending if you meet the threshold within those three months.

Earning Points

Some business cards have very limited or niche earning categories, not so with the Ink Business Preferred℠ Credit Card. Earn 3 points per $1 in select business categories.. These categories include travel (including airfare, hotels, rental cars, train tickets, and taxis), shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines.

Earning Categories:

  • Travel, including airfare, hotels, rental cars, train tickets and taxis
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases made with social media sites and search engines

With categories relevant to most any business owner, you’ll earn points for simply operating your business and making typical purchases with the card.

You’ll earn 3 points for every dollar spent up to $150,000. These 450,000 potential points are worth around $9,000 with the options set up, a great return for your spend.

Redeeming Points

Where, then, will you be able to spend your points? Again, some cards may restrict your spending to very specific airlines or hotels, but this is not the case with the Ink Business Preferred℠ Credit Card.

This card gives you access to Chase’s Ultimate Rewards portfolio, which includes 13 transfer partners, with nine airlines and four hotel groups:

Airlines:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Flying Blue (Air France-KLM)
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Hotels:

  • HG Rewards Club
  • Marriott Rewards
  • Ritz-Carlton Rewards
  • World of Hyatt

Without the restrictive rewards policies that other cards may feature, you have more power and flexibility to use your hard-earned points. There’s also no wait for point transfers for most partners, meaning you won’t miss out on any deals because of a delay.

This flexibility and ease of transfer is really the highlight of the Ink Business Preferred℠ Credit Card card. Most other cards will restrict where you can redeem your points and lock you into one single airline or hotel group. The Ultimate Rewards structure allows you to stay loyal to your bottom line, rather than a single airline.

Other Perks

Cell phone protection

If you charge your phone bill to the Ink Business Preferred℠ Credit Card card, not only will you earn three points for every dollar, you’ll also qualify for phone protection. You and qualifying employees will receive up to $600 per claim if a phone is damaged or stolen. You’ll be limited to three claims over a 12-month period, and each claim will require a $100 deductible.

Purchase Protection

When an eligible item is lost or stolen within 120 days of purchase, you’ll be covered up to $10,000 per claim. This can be a big safety net when a purchase doesn’t work out, and can definitely be a boon to your business, when every dollar counts.

Primary Car Rental Coverage

When you’re out using your points to travel using Chase’s Ultimate Rewards connections, you can also enjoy the perks for your rental car. If you rent a car using your Ink Business Preferred℠ Credit Card card, you’ll be covered for theft and damage in most countries. Because you won’t have to submit a claim to your coverage, you’ll keep your rates from rising and you’ll be covered up to the cash value of the car you’re renting.

Trip Cancellation/Interruption Insurance

Instead of feeling anxiety when you skip out on the trip insurance for your flights, you’ll be able to sleep better knowing that you’re covered up to $5,000 for nonrefundable travel expenses when you book using the Ink Business Preferred℠ Credit Card card.

Ink Business Preferred vs. AmEx Business Gold

By way of comparison, the closest competitor is the American Express® Business Gold Card. Here’s the nitty gritty on how they compare.

Welcome Offer

The Business Preferred offers 80,000 points if you spend $5,000 in the first three months, a valuation of about $1,600.
Business Gold offers a year free of G Suite and ZipRecruiter, valued at around $3,200.

In terms of dollars, Business Gold offers the greater return. However, your specific business needs will dictate which welcome offer is truly worth more for you.

Earning Structure

The Ink Business Preferred℠ Credit Card card allows cardholders to earn three points for every dollar spent in four rewards categories: travel, shipping expenses, advertising, and internet, phone, and cable services.

American Express® Business Gold Card offers a more personalized system. Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year. These include commercial airfare, advertising costs, computer hardware, software, and cloud computing purchases, gasoline, restaurants, and shipping costs.

While the American Express® Business Gold Cardoffers more points per dollar spent, the restriction to two categories makes it, perhaps, more difficult to reach the $150,000 threshold. The Ink Business Preferred℠ Credit Card may allow business owners to spend more freely without taking too much mind of where and what they’re purchasing.

Annual Fee

Ink Business Preferred℠ Credit Card wins and it’s not really close. With a $95 annual fee, Business Preferred easily trumps American Express® Business Gold Card‘s $295 price tag.

Point Redemption

In sheer number of transfer partners, American Express® Business Gold Card takes the cake here. Their 21 partners to Chase’s 13 may seem like an easy win, but specifics are everything here. Be sure to look at both to see which is best for your business before making your final choice.

Last Word

The Ink Business Preferred℠ Credit Card card is worth the attention of any business owner. With a tremendous welcome offer, relevant earning categories, and a flexible and dynamic point redemption structure, it’s an easy win for anyone who qualifies.

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