Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Chase Ink Business Preferred® Credit Card

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Chase Ink Business Preferred® Credit Card Review

Earn 100,000 bonus points after spending $8,000 on purchases in the first 3 months from account opening.

Chase Ink Business Preferred® Credit Card Review

Chase Ink Business Preferred® Credit Card

Learn More

Earn 100,000 bonus points after spending $8,000 on purchases in the first 3 months from account opening.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

The Chase Ink Business Preferred® Credit Card stands out in the realm of small business cards, offering a powerful combination of substantial rewards and a hefty sign-up bonus. Tailored for the modern entrepreneur, this card transforms everyday business expenses into valuable rewards. With a focus on common business spending categories like travel, advertising, and internet services, it ensures that your business’s regular expenditures don’t just cost, but also pay back. The card’s generous points system, particularly in these categories, coupled with one of the largest sign-up bonuses available, positions it as a formidable tool in any business’s financial arsenal. Despite an annual fee, the benefits and potential savings make it a compelling option for business owners looking to optimize their spending and rewards.

Welcome Bonus

The Chase Ink Business Preferred® Credit Card stands out prominently in the competitive landscape of business credit cards, particularly because of its generous welcome bonus and the value it offers to business owners. Currently, the card offers a substantial welcome bonus of 100,000 bonus points, which cardholders can earn after spending $15,000 on purchases in the first 3 months after account opening. This bonus is notably higher than what’s typically offered by many business credit cards, underscoring the Chase Ink Business Preferred’s appeal to small business owners and entrepreneurs looking to maximize their reward potential.

This welcome bonus is especially lucrative when considering the versatility and value of Chase Ultimate Rewards points. These points are highly regarded for their flexibility, as they can be redeemed for travel through Chase’s travel portal with a 25% bonus, effectively making the 100,000 points worth $1,250 toward travel. Additionally, points can be transferred to a variety of airline and hotel partners, often yielding even more value when booked for international business-class flights or luxury hotel stays.

Beyond the welcome bonus, the Chase Ink Business Preferred card offers a rich rewards program, including 3 points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable, and phone services, and advertising purchases made with social media sites and search engines each account anniversary year. This makes the card an excellent choice for businesses with high spending in these categories.

The significance of Chase Ink Business Preferred’s welcome bonus cannot be overstated for businesses looking to leverage their spending into meaningful rewards. The bonus, combined with the card’s comprehensive rewards structure, positions it as a top contender for businesses aiming to optimize their credit card strategy for travel, advertising, and telecommunications spending.

Earning Rewards

The Chase Ink Business Preferred Credit Card excels at making your business spending more rewarding, especially in categories that align with common business needs. The card offers a tiered rewards system, providing different levels of points for different types of purchases.

One of the standout features is the high reward rate in select business categories. Cardholders earn multiple points per dollar spent on travel and other key business categories, which may include online advertising, telecommunications, and shipping, among others. This makes the card particularly valuable for businesses that have significant expenditures in these areas, turning every dollar spent into a rewarding investment.

However, the reward rate isn’t uniform across all spending. For purchases outside of the bonus categories, the card provides a standard rate of points per dollar spent. While this rate is lower, it ensures that all business expenses, regardless of the category, contribute towards earning rewards.

It’s worth noting that there is a cap on the higher reward rate. The card limits the amount of spending in the bonus categories that can earn the elevated rate of points each account anniversary year. Once this cap is reached, the rewards rate for these categories drops to the standard rate until the next anniversary year begins. This cap is set at a level that is generally accommodating to small and medium-sized businesses, but it’s an important consideration for businesses with very high annual expenditures in the bonus categories.

The rewards earned with the Chase Ink Business Preferred Credit Card are part of the Chase Ultimate Rewards program, which is known for its flexibility and value. Points can be redeemed for a variety of rewards, including cash back, travel, and more, providing businesses with the versatility to choose how they benefit from their spending.

In conclusion, the rewards structure of the Chase Ink Business Preferred Credit Card is designed to maximize the value of business spending, particularly in categories that are essential for modern businesses. With a generous rewards rate in key categories, a reasonable cap, and a flexible rewards program, the card can significantly enhance the financial efficiency of business operations.

Redeeming Rewards

The Chase Ink Business Preferred Credit Card distinguishes itself with its robust and flexible rewards redemption options, ensuring that the points you earn can be leveraged in a manner that best suits your business’s needs and preferences. The card is part of the Chase Ultimate Rewards program, renowned for its versatility and value.

  1. Chase Ultimate Rewards Travel Portal: One of the most compelling options for redeeming your points is through the Chase Ultimate Rewards Travel Portal. When you book travel through this portal, your points are worth 25% more, enhancing the value of each point. This bonus can significantly reduce the cost of business travel, whether you’re booking flights, hotels, or car rentals.
  2. Transfer to Airline and Hotel Partners: For those seeking even greater value, points can be transferred at a 1:1 ratio to a variety of leading airline and hotel partners. This option can unlock exceptional value, particularly for premium travel bookings such as business or first-class flights and luxury hotel stays. Partners include major airlines and hotel groups, providing a wide array of choices for international and domestic travel.
  3. Other Redemption Options: While travel redemptions generally offer the best value for your points, the program also provides flexibility with other options. Points can be redeemed for cash back, gift cards, and merchandise, though these options typically offer a lower value per point compared to travel redemptions.

The card’s reward redemption options are not only diverse but also user-friendly. The Chase Ultimate Rewards platform is intuitive, making it easy for cardholders to manage their points and explore the various redemption opportunities.

In conclusion, the Chase Ink Business Preferred Credit Card’s redemption options are a standout feature, offering both high value and flexibility. Whether your preference is for travel or other rewards, the program ensures that the points you earn can provide real, tangible benefits to your business.

Perks and Benefits

The Chase Ink Business Preferred Credit Card offers a rich array of perks and benefits designed to cater to the diverse needs of business owners, ensuring not only a rewarding experience in terms of points earned but also comprehensive coverage and convenience across various aspects of business operations.

  1. Cell Phone Protection: One of the most notable benefits is the cell phone protection the card offers. When you use the card to pay your monthly cell phone bill, it provides coverage against theft or damage, safeguarding an essential asset for modern businesses. This coverage extends to phones listed on your bill, ensuring that your key communication tools are protected.
  2. Travel Perks: The card excels in providing travel-related benefits, making business travel smoother and more secure. With no foreign transaction fees, it’s an ideal companion for international travel. Additionally, it offers primary rental car insurance, providing peace of mind when renting vehicles for business trips. The card also includes trip cancellation and interruption insurance, offering financial protection against unforeseen events that disrupt your travel plans.
  3. Purchase Protections: The Chase Ink Business Preferred extends its protective umbrella to your business purchases as well. With extended warranty protection, it adds an extra layer of security to your purchases, enhancing the manufacturer’s warranty on eligible items. Purchase protection safeguards your new purchases against damage or theft, ensuring that your investments are secure.
  4. Employee Cards and Spending Management: Understanding the dynamics of business operations, the card allows you to add employee cards at no additional cost. This feature not only enables you to extend the card’s benefits to your team but also comes with tools to track and control spending, ensuring that business finances are always under scrutiny and managed efficiently.

These benefits are in addition to the robust rewards program, making the Chase Ink Business Preferred not just a tool for earning points, but a comprehensive financial instrument tailored for the nuanced needs of businesses. The card’s perks and protections are designed to provide a sense of security and control, ensuring that business owners can focus on growth and operations, knowing that their financial tool is working hard behind the scenes.

Pros and Cons

The Chase Ink Business Preferred Credit Card, while packed with features and benefits, comes with its own set of advantages and drawbacks. Understanding these can help business owners make informed decisions based on their specific needs and spending habits.

Pros:

  1. Generous Sign-Up Bonus: The card offers one of the most substantial sign-up bonuses in the business credit card category, providing a significant points boost after meeting the initial spending requirement.
  2. Rewarding Bonus Categories: The card offers a high reward rate on common business expenses like travel, telecommunications, and online advertising, making everyday business spending more rewarding.
  3. Valuable Redemption Options: Points earned are part of the Chase Ultimate Rewards program, known for its flexibility and high-value redemption options, especially for travel through the Chase portal or by transferring to airline and hotel partners.
  4. Comprehensive Perks and Protections: The card comes with a suite of benefits, including cell phone protection, travel insurance, no foreign transaction fees, and primary car rental insurance, adding value beyond just rewards.
  5. Employee Cards and Spending Management: The ability to add employee cards at no additional cost, complete with tools to monitor and control spending, makes it easier to manage business expenses.

Cons:

  1. Annual Fee: The card comes with an annual fee, which, while reasonable compared to many premium cards, is still a cost to consider against the benefits received.
  2. Targeted Bonus Categories: While the bonus categories are lucrative, they are specific. Businesses that do not spend heavily in these areas might not benefit as much from the card.
  3. No Intro APR Offer: Unlike some other business cards, the Chase Ink Business Preferred does not offer an introductory APR on purchases or balance transfers, which might be a drawback for businesses looking to make large initial purchases or transfer balances.
  4. Cap on Higher Rewards Rate: The elevated rewards rate applies only up to a certain spending cap each account anniversary year, after which the rewards rate drops to a standard rate.

In conclusion, the Chase Ink Business Preferred Credit Card is a robust option for businesses that align with its bonus categories and can make the most of its rewards and perks. However, it’s important to weigh these benefits against the annual fee and consider how well the card’s offerings match your business’s spending profile and financial strategies.

Comparison to Other Cards

The Chase Ink Business Preferred Credit Card offers a compelling package for small to medium-sized businesses, but how does it stack up against its peers? Here’s a comparison with other popular business credit cards to help you gauge their relative strengths and weaknesses.

  1. Rewards and Spending Categories: One of the card’s standout features is its high rewards rate in select business categories, including travel and online advertising. However, it’s worth noting that these lucrative categories may not align with every business’s spending patterns. Cards like the American Express® Business Gold Card and the Business Platinum Card® from American Express offer different reward structures that might better suit other types of business expenses.
  2. Annual Fee: The Chase Ink Business Preferred has a reasonable annual fee of $95, which is significantly lower than some premium business cards like the Business Platinum Card® from American Express. However, for businesses wary of any annual fees, there are options like the Ink Business Unlimited® Credit Card and the Ink Business Cash® Credit Card that offer robust rewards with no annual fee.
  3. Sign-Up Bonus: The substantial sign-up bonus of the Chase Ink Business Preferred is one of the highest in the market. While other cards also offer attractive bonuses, the balance between the bonus size, the spending requirement, and the annual fee makes the Chase Ink Business Preferred particularly appealing.
  4. Additional Perks: The Chase Ink Business Preferred shines with its suite of perks, especially in travel and purchase protections. While other cards also offer various protections and benefits, the combination of no foreign transaction fees, cell phone protection, and primary rental car coverage is especially beneficial for businesses with travel needs.
  5. Flexibility and Redemption Options: The Chase Ultimate Rewards points that you earn with the Chase Ink Business Preferred are known for their flexibility and value, especially when redeemed for travel. While other cards also offer rewards programs, the ability to transfer points to a wide range of airline and hotel partners at a 1:1 ratio is a standout feature.

Conclusion

The Chase Ink Business Preferred Credit Card emerges as a compelling choice for businesses seeking to maximize their spending efficiency. Its substantial sign-up bonus, high rewards rate in key spending categories, and an array of valuable perks make it a powerhouse card, especially for businesses with significant expenses in travel, telecommunications, and online advertising. While the annual fee and specific bonus categories warrant consideration, the card’s benefits are designed to offset these costs for the right business profile. Ultimately, for companies aiming to convert their everyday expenses into meaningful rewards and enjoy a range of protective benefits, the Chase Ink Business Preferred stands as a strong contender in the business credit card arena.

Frequently Asked Questions

1. How does the Chase Ink Business Preferred Credit Card’s rewards program work? The card offers multiple points per dollar spent on specific business categories like travel, telecommunications, and online advertising, and a standard rate on all other purchases. Points can be redeemed for travel, cash back, or transferred to various airline and hotel partners.

2. Is the annual fee for the Chase Ink Business Preferred Credit Card worth it? The value of the annual fee depends on your business spending habits. If your business spends heavily in the card’s bonus categories and you utilize the rewards and perks effectively, the fee can be outweighed by the benefits received.

3. Can I use the points earned on the Chase Ink Business Preferred for international travel? Yes, points can be used for international travel bookings through the Chase Ultimate Rewards portal or transferred to a variety of international airline and hotel partners.

4. What protections does the Chase Ink Business Preferred offer for business travelers? The card offers a range of travel protections, including trip cancellation/interruption insurance, primary rental car insurance, and no foreign transaction fees, making it a solid choice for business travel.

5. How can I manage employee spending with the Chase Ink Business Preferred Credit Card? The card allows for adding employee cards at no extra cost. You can set individual spending limits for each employee and monitor their expenditures, making it easier to control and track business expenses.

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