Review: Chase Ink Business Preferred® Credit Card
Going has partnered with CardRatings for our coverage of credit card products. Going and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author's alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of all of the card offers that appear on this page are from advertisers; compensation may affect how and where the cards appear on the site; and Going does not include all card companies are all available card offers.
Table of Contents
Who is the Ink Business Preferred® Credit Card for?
If you're a business owner, freelancer, or entrepreneur who wants to earn travel rewards on common business expenses, the Ink Business Preferred® Credit Card is a great card to consider.
Ink Business Preferred® Credit Card Quick Facts
Thinking about the Ink Business Preferred® Credit Card? Here's what you need to know:
card_name
Annual fee: annual_fees
Foreign transaction fee: foreign_transaction_fee
Earning rate:
- 3X points per $1 on the first $150,000 spent in the following categories each account anniversary:
- Shipping
- Ads on social media or search engines
- Internet, cable, and phone services
- Travel
- 1X point per dollar spent on all other purchases
Welcome offer: bonus_miles_full
Pros and cons
Pros:
- Points can be redeemed with transfer partners
- Comparatively low annual fee
- Bonus categories for common business expenses make earning Ultimate Rewards® points easy
Cons:
- Chase offers several no-annual-fee business cards that may earn at a higher rate, depending on spending category
- No travel credits, like Global Entry or TSA PreCheck
- Subject to Chase’s 5/24 rule
Our take
Ink Business Preferred® Credit Card Review
The Ink Business Preferred® Credit Card is one of the best small business travel credit cards available. For a low annual fee, you have the ability to earn bonus points on common business expenses and redeem those points for travel through Chase’s network of transfer partners.
Earning points with Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card earns Chase Ultimate Rewards ® points. You’ll earn:
- 3X points per $1 on the first $150,000 spent in the following categories each account anniversary:
- Shipping
- Ads on social media or search engines
- Internet, cable, and phone services
- Travel
- 1X point per dollar spent on all other purchases
Redeeming points with Ink Business Preferred® Credit Card
When you redeem Chase Ultimate Rewards points through the Chase Travel(SM) Portal with this card, they’re worth 1.25 cents per point.
To get more value out of your points, your best bet is to transfer them to an airline partner (or hotel partner) and redeem for an award seat.
You can also redeem the points for gift cards, statement credit, or eligible products, but this is not going to provide maximum value.
Ink Business Preferred® Credit Card Benefits
- No foreign transaction fee
- Points transfer 1:1 to Chase airline and hotel partners
- Employee cards at no additional cost. You can set employee spending limits.
- Trip cancellation and trip interruption insurance.
- Cell phone protection
- Auto rental collision damage waiver: Rent a car with peace of mind.
- Purchase protection and extended warranty protection
Alternatives to Ink Business Preferred® Credit Card
Ink Business Cash® Credit Card
American Express® Business Gold Card
Complementary cards to Ink Business Preferred® Credit Card
Frequently asked questions about the Chase Ink Business Preferred Card
Is Chase Ink Business Preferred worth it?
How much are Chase Ink Business Preferred points worth?
Going has partnered with CardRatings for our coverage of credit card products. Going and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author's alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of all of the card offers that appear on this page are from advertisers; compensation may affect how and where the cards appear on the site; and Going does not include all card companies are all available card offers.
Published January 11, 2024
Last updated March 14, 2024
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