The card’s 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 $1,000 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
This 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.