The Ink Business Preferred® Credit Card from Chase is a fantastic choice if you own a small business. Why? Because it rewards you for spending on everyday business essentials like travel, communication, digital ads, and shipping. There’s a $95 annual fee, but don’t let that put you off. You get a super generous sign-up bonus that could get you up to $1,250 towards travel if you spend at least $8,000 on eligible purchases in the first three months.
This card is a superb option if you’re a small business owner often traveling, buying online ads, or shipping goods frequently. It’s an upgrade from the Chase Ink Plus business card and a step up from the no-annual-fee Chase Ink Business Cash Credit Card. Even if you’re a freelancer or sole proprietor with no employees or physical office, you could still qualify. Just affirm that you’re the owner or representative of a formally incorporated business and plan to use the card exclusively for that business.
So, what are some of the key features of this card? Here’s a rundown:
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Sign-up Bonus: Spend at least $8,000 in eligible purchases within the first three months, and you’ll earn 100,000 bonus Ultimate Rewards points. That’s worth $1,250 for travel purchases on Chase Travel℠, and $1,000 for cash back or general merchandise.
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Earning Rewards: You earn three points per dollar spent on telecommunications, travel, certain types of digital advertising, and shipping purchases. Note, the 3x rewards rate is capped at a combined annual spending limit of $150,000 across all these categories. All other purchases earn one point per dollar spent.
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Redeeming Rewards: You can redeem your points for a wide range of goods and services in Chase’s Ultimate Rewards marketplace, including travel, general merchandise, cash and cash equivalents, gift cards, bespoke experiences, and more.
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1-to-1 Point Transfer: You can transfer your Ultimate Rewards points on a 1-to-1 basis to popular frequent travel programs, including Marriott Rewards, Southwest Airlines Rapid Rewards, and British Airways Executive Club.
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Ink Mobile App: Cardholders get access to the free Ink mobile app, which enables easy record-keeping, tracking of authorized card users’ spending patterns, one-click changes to authorized users’ spending limits, real-time alerts for purchases, and more.
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Important Fees: There’s a $95 annual fee, no foreign transaction fee, and charges for cash advances and balance transfers. There’s no fee for additional employee cards, which earn rewards at the same rate as the primary cardholder’s card.
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Insurance Benefits: The card comes with trip interruption/cancellation insurance, a purchase protection plan, extended warranty coverage, and cell phone protection.
There are plenty of advantages to the Chase Ink Business Preferred® Credit Card. It offers a generous sign-up bonus, 1-to-1 point transfer with many loyalty programs, a high spending limit in 3x categories, 25% more value for points when redeemed for travel, no fees for employee cards, no foreign transaction fee, and no minimum threshold for cash redemptions.
On the downside, the card charges an annual fee and has high fees for balance transfers and cash advances.
In the end, if you’re a business owner who loves to travel, the Chase Ink Business Preferred® Credit Card could be an excellent choice. Its 1-to-1 point transfer ratio means you could stretch your points and dollars much further. Consider signing up today and start earning!
