Chase Ink Business Preferred℠ Credit Card Review

Best for: businesses with a lot of expenses in shipping, travel, utilities and digital advertising

If you own a business and you’re not using a rewards card, you’re leaving money on the table. The Chase Ink Business Preferred card is a perfect example. Their signup bonus alone is worth $1,000 (provided you hit their spending minimum and put your points towards travel). And if the bulk of your expenses fall within the triple-points reward categories associated with this credit card, this Chase Ink option can help your business rack up rewards fast. Let’s review the basics of the Chase Ink Business Preferred.

The basics of the Chase Ink Business Preferred Credit Card® 

• APR: 18.24%-23.24% variable 
• Annual Fee: $95
• Reward Rates: Three Ultimate Rewards points per dollar spent on up to $150,000 of purchases categorized as travel; shipping; internet, cable and phone services and advertising with social media sites and search engines. Earn one point per dollar spent on all other purchases. The one-point-per-dollar reward is unlimited. 
• Intro Offer: Get 80,000 bonus points when you spend $5,000 in the first three months with your Chase Ink Business Preferred card.

The Ink Business Preferred’s standout features

• Flexible Chase Ultimate Rewards® Redemption: Chase has a range of airline and hotel partners that offer one-to-one point transfer, meaning you get one mile or hotel point for every Chase reward point you’ve earned. While your points are worth up to 25% more when you put them towards travel, you can also use your Ultimate Rewards points for Apple® purchases, gift cards from over 150 retailers, or cash back. 
• Cell Phone Protection: The Chase Ink Business Preferred credit card includes up to $600 of protection for covered damage (yes, damage!) and theft for any cell phones listed on the monthly bill you pay for with your Chase Ink card. This protection comes with a $100 deductible. 
• Trip Coverage: Sickness or bad weather might ruin your trip, but it doesn’t have to bust your budget. Chase offers trip cancellation and interruption insurance, reimbursing you up to $5,000 if your trip gets canceled or cut short for a covered reason.
• Free Employee Cards: Give your employees plastic without any additional cost for your business. And Chase lets you set the spending limit for each card so you can rest easy.

The best way to use your Chase Ink card

To make the most of a Chase Ink Business Preferred card, first make sure you hit the $5,000 spend benchmark in the first three months to unlock your 80,000 bonus points. 

To help you get there and to help your business earn more points in perpetuity, use it for all purchases in the triple-point categories. To refresh, they are:

• Travel expenses
• Shipping purchases
• Advertising purchases with search engines and social media sites  
• Internet, cable and phone services

When you get your Chase Ink card, start by switching the billing from your digital advertisers and communication utility providers over to your new Chase credit card. Set up auto-pay with the card and you’ll rack up three Ultimate Rewards points per dollar you spend. And don’t forget to use it whenever you book travel. 

Once you land those sign-up bonus points or any other points, redeem them for travel through Chase Ultimate Rewards and they’ll be worth 25% more. 

In a nutshell

If your business books a lot of travel, the Chase Ink Business Preferred card benefits you in two ways. First, you earn three Ultimate Rewards points per dollar you spend booking travel. Then, when you redeem those points to book travel, you maximize their value. 

For businesses with regular travel looking to score $1,000 in rewards value (by making $5,000 worth of purchases in the first three months), this Chase credit card is ideal. And even when you don’t spend within the triple-point categories, your business still earns one Ultimate Rewards point for every dollar it spends. 

The low annual fee and flexible rewards redemption options make the Chase Ink Business Preferred card a good fit for any business. But to truly unlock its full potential, you’ll need to have some travel on the docket.