Is The Ink Business Preferred Card Worth It?
Just because you’re a small business owner doesn’t mean you don’t have big expenses. So why not earn big points on the purchases you make every month to redeem for awards that can make your life easier?
With the Ink Business Preferred® Credit Card, you get points for all of your spending and even more in certain business categories where you probably tend to spend the most.
Thinking of expanding your business? The right credit card can help cover those costs, as well as any unexpected business expenses.
Let’s see if the Ink Business Preferred is worth it for your business.
- 3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
- Cell phone protection
- Purchase protection
- Trip cancellation and interruption insurance
- Rental car insurance
- Extended warranty coverage
- No elite travel benefits like airport lounge access
Ink Business Preferred Card — Snapshot
- Welcome Bonus & Info (Partner Content)
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed 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 Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account
- $95 Annual Fee
- Card Categories:
- Rewards Center
- Customer Service Number1-800-935-9935 (Available 24/7)
- Login Link
- Related Articles
The Ideal Cardholder
Since the Ink Business Preferred card is a business credit card, naturally, the ideal cardholder is a business owner.
But this card isn’t limited to brick-and-mortar business owners. If you own an online business, work as a freelancer, or even if you’ve made a business out of selling things on eBay, you’re eligible for the Ink Business Preferred card.
The card is also perfect for individuals who tend to be rough with their cell phones. The Ink Business Preferred card is one of the few on the market to offer cell phone protection. Cardholders can receive up to $600 per claim, with up to 3 claims per 12 months.
If you’re a savvy business owner that has a lot of travel, shipping, or advertising needs — or you’d like a card that keeps you covered with purchase protection or cell phone insurance — then the Ink Business Preferred card could be a great option for you.
The Ink Business Preferred card purchase protection covers new purchases against damage or theft for 120 days. This benefit covers up to $10,000 per claim with a maximum of $50,000 per year.
Cell Phone Protection
This benefit will protect your cell phone, plus the cell phones of those employees listed on your monthly bill, against loss or damage. To activate this benefit all you need to do is pay your phone bill with your Ink Business Preferred card — and don’t forget, you’ll also be earning 3x points.
Each claim has a $100 deductible. Claims are capped at $600 each and you can submit up to 3 claims per year.
Trip insurance is something that many of us won’t pay for, but it’s a nice perk to have built into your credit card. The Ink Business Preferred card offers trip cancellation and interruption insurance.
This means that you’re covered if your trip is canceled or cut short by illness or severe weather. You can be reimbursed up to $5,000 for prepaid, non-refundable expenses like tickets, tours, and hotels.
Car Rental Insurance
If you’re renting a car with your Ink Business Preferred card for business purposes, you’re eligible for primary car rental insurance. This means you don’t have to file a claim with your other insurance first. This coverage provides reimbursement for theft or damage for most cars up to the actual cash value of the car.
To activate this coverage, be sure to pay for the entire rental with your Ink Business Preferred card and decline the collision insurance provided by the rental agency.
Free Employee Cards
The Ink Business Preferred card is a great choice for small business owners because you can get cards for your employees at no additional charge.
The annual fee for this card is $95, but being able to add authorized users for free can make the cost well worth it. Keep in mind, though, that you’re responsible for their spending, so only add trusted employees to your account.
Extended Warranty Protection
When you purchase an item with your card, it extends the U.S. manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Great Card If
- You’re a business owner who spends a lot on travel, shipping, and advertising expenses
- You want a card with great purchase and travel protections
- You want a card with a cell phone protection plan in case of theft or damage
- You want a card with flexible point redemption options
Don't Get If
- You prefer a card with no annual fee
- Your business spending does not fall within the bonus categories
- You prefer cash-back rewards over points
Ink Business Preferred Card — Fees
- Annual Fee
- Foreign Transaction Fees$0
- Interest Rates
- 15.99% to 20.99% variable
- Late fees
- Penalty APR: Up to 29.99% Variable
- Balance Transfers
- 15.99% to 20.99% variable
- Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
- Cash Advance APR
- 24.99% variable
- Fee: Either $15 or 5% of the amount of each transaction, whichever is greater.
How To Earn More Chase Points
With the Ink Business Preferred card, you’ll earn 3x points per $1 on up to $150,000 in combined purchases on internet, cable, and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites.
So if your business has expenses that fall into one or more of these categories, you could be earning a huge return on your spending in the form of Chase Ultimate Rewards points.
Hot Tip: If you’re curious what counts toward “travel purchases,” Chase has a very broad definition. The 3x points will be applied to purchases on airfare, hotels (including Airbnb), cruises, discount travel sites, trains, buses, taxis (including Uber and Lyft), and much more.
Chase Shopping Portal
It’s no secret that nowadays many people prefer to do their shopping online. Luckily, Chase has made it easier for you to earn even more points for the products you were planning to purchase anyway.
If you do your online shopping through the Chase Ultimate Rewards shopping portal, you can earn anywhere from 1x to 20x points per $1 with companies like Macy’s, Nike, and Sephora.
Adding More Ultimate Rewards-Earning Cards
If you’re wanting to earn even more value from your business expenses, you should consider adding more cards from the Ultimate Rewards ecosystem.
For example, the Ink Business Unlimited® Credit Card earns 1.5x Ultimate Rewards points per $1 on all purchases. If used in combination, this card could help you earn 50% more points on every purchase outside of the Ink Business Preferred card bonus categories (and on every purchase after you hit the $150,000 threshold).
How To Use Chase Points for Max Value
If you’re able to maximize your 3x points per $1 by spending $150,000 in the combined bonus categories, you’ll be earning a staggering 450,000 Ultimate Rewards points every year.
So how can you redeem all those points for their max value?
Transferring To Airline and Hotel Partners
One of the main reasons Chase Ultimate Rewards points are so valuable is that they can be transferred to a large number of airlines and hotels that Chase partners with. This can allow for some exceedingly large values when redeeming those points for near free business and first class flights or hotel stays.
You may be under the impression that it’s simply too difficult to bother with transfer partners, or that there is no incentive for you to do so. This couldn’t be further from the truth.
Here at Upgraded Points, utilizing transfer partners is by far our favorite redemption method — and it’s how we’re able to have incredible travel experiences for just pennies on the dollar.
Hot Tip: Need help getting started? We’ve got you covered! Check out our guide on Chase’s transfer partners (and how to use them).
Redeeming Points Through the Chase Ultimate Rewards Travel Portal
This method is best suited for cardholders looking for a quick and easy way to redeem their points. When booking through the Ultimate Rewards travel portal, the number of points required for the redemption is directly tied to the cash price (meaning there’s no need to worry about transfers, award space, or blackout dates).
In addition, with the Ink Business Preferred card, you receive a 25% bonus to the value of your points when you redeem through the portal — making each point worth a fixed 1.25 cents each. This means if you have 100,000 Ultimate Rewards points, they can be redeemed for $1,250 in travel purchases through the Ultimate Rewards travel portal.
If it’s simplicity and flexibility you’re after, then the Ultimate Rewards travel portal may be the way to go. It’s quick and easy — and you can rest assured that you’re still receiving some additional value out of your Ultimate Reward points.
Hot Tip: Since the number of Ultimate Reward points needed for a redemption through the travel portal is tied to the cash price, booking through the portal is considered a cash fare. This means that if you use Ultimate Reward points to purchase a flight with United through the travel portal, you’ll receive United MileagePlus miles for doing so.
Redeeming for Gift Cards
Though we don’t recommend it, Chase also allows you to redeem your Ultimate Rewards points for gift cards from over 150 different brands. This method almost always earns you 1 cent per point in value, unless a specific promotion is being run with a certain brand.
Redeeming for Cash-Back
If you have no interest in travel rewards or are simply too busy to travel, you have the option to redeem your Ultimate Rewards points for cash-back at a rate of 1 cent per point.
You can utilize this as a statement credit to erase purchases you’ve made with your card, or you can have cash deposited straight into the Chase business checking account you have linked with the card.
Use Points With Amazon or Apple
If you have your Ink Business Preferred card linked as a payment method with your Amazon or Apple account, you can use points instead of charging the item to your card. If you use this redemption, your points are again worth just 1 cent each (so a $250 Apple purchase would cost 25,000 Ultimate Reward points).
Chase Experience Portal
Through the Chase Experiences portal, you can redeem your Ultimate Reward points for VIP access to a variety of sports, entertainment, and dining experiences. These experiences are only available to Chase credit cardholders.
However, it’s better to use cash to purchase these experiences — when using points, you’ll usually just receive 1 cent per point in value (which isn’t great).
Chase Airline Transfer Partners
|Chase Airline Transfer Partner||Min Transfer||Transfer Ratio|
(Chase > Airline)
|Aer Lingus AerClub||1,000||1:1||Almost Instant|
|British Airways Executive Club||1,000||1:1||Almost Instant|
|Flying Blue AIR FRANCE KLM||1,000||1:1||1 hour|
|Emirates Skywards||1,000||1:1||Almost instant|
|Iberia Plus||1,000||1:1||Almost Instant|
|Singapore Airlines KrisFlyer||1,000||1:1||1-2 days|
|Southwest Airlines Rapid Rewards||1,000||1:1||Almost Instant|
|United Airlines MileagePlus||1,000||1:1||Almost Instant|
|Virgin Atlantic Flying Club||1,000||1:1||Almost Instant|
Chase Hotel Transfer Partners
|Chase Hotel Transfer Partner||Min Transfer||Transfer Ratio||Transfer Time|
|World of Hyatt||1,000||1:1||Almost Instant|
|IHG Rewards Club||1,000||1:1||1 day|
|Marriott Rewards||1,000||1:1||2 days|
Alternatives To the Ink Business Preferred Card
|Credit Card||Key Benefits & Info|
|American Express® Business Gold Card|
(at Amex's secure site)
The Amex Business Gold card recently received a makeover and now earns 4x points per $1 on your top 2 select spending categories on a monthly basis. This is capped at $150,000 per year, giving you the potential to earn 600,000 Membership Rewards points if you hit the spending threshold each year.
So, if you’re intrigued by these business offerings, you like the card’s earning structure, or you prefer the American Express Membership Rewards ecosystem, this could be the card for you.
If you’re looking for a credit card in the Ultimate Rewards ecosystem, but prefer one with no annual fee and a simple rewards earning structure, then it is likely that you’ll love the Ink Business Unlimited card. With it, you’ll earn 1.5% back on all purchases you make, no matter what category they fall in, with no limit to how much you can earn.
We’ve also compared the Ink Business Preferred card to a number of other popular business cards:
- Ink Business Preferred vs. Ink Business Cash® Credit Card
- Ink Business Preferred vs. Ink Business Unlimited Card
- Ink Business Preferred vs. The Business Platinum Card® from American Express
- Ink Business Preferred vs. Amex Business Gold Card
- Ink Business Preferred vs. Chase Sapphire Reserve® Card
For rates and fees of the Amex Business Gold Card, please click here.
Frequently asked questions
What is the Ink Business Preferred card? Why should I get it?
This card offers small business owners the opportunity to earn points for spending in multiple categories.
Cardmembers earn 3 points per $1 for purchases up to $150,000 in categories such as travel, internet, phone, cable, shipping, and advertising through social media or search engines. All other purchases are worth 1 point per $1.
Points can be redeemed through the Chase reward portal for travel, gift cards, statement credit, direct deposit, or on Amazon.com.
Small business owners who don’t mind the $95 annual fee can also enjoy benefits such as free employee cards, cell phone insurance, and purchase protection.
The Ink Business Preferred card and other Chase Ultimate Rewards credit cards can be used in combination to cover all bonus categories. Then points can be pooled into 1 Ultimate Rewards account for redemption.
Does the Ink Business Preferred card have an annual fee?
The annual fee is $95.
Is the Ink Business Preferred card a 0% APR card?
No, the card has a variable APR (see card fees above).
What is the bonus for signing up for the Ink Business Preferred card?
The sign-up bonus is shown in the Ink Business Preferred Card — Snapshot section above.
What are the benefits of the Ink Business Preferred card?
There are many benefits for cardholders, including 25% more value for redeeming points for travel through the Chase Ultimate Rewards portal. For instance, 50,000 Ultimate Rewards points becomes worth $625 to be used toward travel purchases.
The card can also be combined with other Chase Ultimate Rewards credit cards such as the Ink Business Cash card, Chase Freedom Flex℠ Credit Card, Chase Freedom Unlimited® card, Chase Sapphire Reserve card, and Chase Sapphire Preferred® Card to earn even more points.
The card comes with travel insurances as well.
Which travel partners are associated with the Ink Business Preferred card?
Cardholders can transfer points at a 1:1 ratio with the following travel loyalty programs in 1,000-mile increments:
Airline partners include Air France/KLM, British Airways, Iberia, Aer Lingus, JetBlue, Singapore Airlines, Southwest Airlines, United Airlines, and Virgin Atlantic. Hotel partners include Hyatt, IHG, and Marriott.
When do the points earned post to my account?
Points from your purchases appear on your card credit card statement at the end of each month. However, bonus points can take longer to post. Travel partner points take up to a week to transfer.
How much are the Ink Business Preferred card points worth?
When used directly, points are valued at $0.01 — but when transferring to partner airlines and redeemed for international travel, they can be worth upwards of $0.02.
How do you redeem Chase points for rewards?
To redeem your points, log into your Chase credit card account and click on Ultimate Rewards. From this site, you also have the option to switch your view to other Chase credit cards in the program or to transfer points between cards.
When do Chase points expire?
As long as your account is active and in good standing, your Ultimate Rewards points will not expire.
Are there any foreign transaction fees with the Ink Business Preferred card?
No, the card has no foreign transaction fees.
How do I log in to my Ink Business Preferred card account?
Log in to your account at chase.com.
Which is the better credit card, the Ink Business Preferred card or the Ink Business Cash card?
The Ink Business Cash card earns cash-back as points in the Ultimate Rewards program.
Earn 5% cash-back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year. Also, earn 2% cash-back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
The maximum earning cap is higher for the Ink Business Preferred card, but the Ink Business Cash card offers a 0% intro APR for 12 months on purchases and balance transfers (then a variable APR; see issuer’s terms).
Both cards can be used simultaneously to take advantage of all the benefits.
What are all available Chase Ultimate Rewards credit cards?
- Ink Business Preferred card
- Ink Business Cash card
- Freedom Flex card
- Freedom Unlimited card
- Chase Sapphire Preferred card
- Chase Sapphire Reserve card
What is the Ink Bold® Business Card?
The Ink Bold card was an older version of a Chase Ultimate Rewards credit card that is no longer available for applications.
What are the Ink Business Preferred card bonus categories?
With the Ink Business Preferred card, you can earn 3 points per dollar (up to $150,000 in combined purchases each year) in the following categories: travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites or search engines.
Do you have to be a business owner to get the Ink Business Preferred card?
Yes, the Ink Business Preferred card is for business owners. However, you may be surprised at what qualifies as a business. You don’t need to have a big corporation or even employees to be a business. Even something as simple as selling crafts on Etsy can be considered a business. If you aren’t sure if you should apply for a business credit card, check out our guide to applying for a small business credit card.
Is the Ink Business Preferred card worth the $95 annual fee?
While a card’s value can vary from person to person, the Ink Business Preferred card will be a solid choice for most business owners. You can easily make up the $95 annual fee with the Ultimate Rewards points earned through your everyday spending. Plus the card comes with many other benefits like cell phone insurance, purchase protection, and trip cancellation and interruption insurance.