Chase Ink Business Preferred card review: Full details

The Ink Business Preferred Credit Card is a top choice for business owners looking to maximize their earning potential and unlock valuable rewards through the Ultimate Rewards program. With a $95 annual fee, it offers a sizable sign-up bonus and the ability to earn Ultimate Rewards points on various business expenses.

One of the standout features of the Ink Business Preferred is its welcome offer. If approved for the card, you can earn a sign-up bonus of 100,000 Ultimate Rewards points after spending $8,000 in the first three months from account opening. This is one of the highest sign-up bonuses available from Chase or any business credit card. The bonus points alone are worth $2,050, and can be transferred to various travel partners or redeemed directly for travel through Chase Ultimate Rewards.

The earning rates on the Ink Business Preferred are also impressive. You’ll earn 3 Ultimate Rewards points per dollar on the first $150,000 spent in combined purchases each year in categories such as travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines. Beyond that threshold, you’ll earn 1 point per dollar spent on all other purchases. With a value of 2.05 cents per point, this can result in a fantastic return on your spending.

In addition to its earning potential, the Ink Business Preferred offers several valuable benefits. These include cellphone protection, purchase protection, trip cancellation/interruption insurance, trip delay reimbursement, primary car rental coverage, and extended warranty protection. These perks can provide great peace of mind and save you money in various situations.

When it comes to redeeming your points, the Ink Business Preferred offers multiple options. You can redeem them at a fixed rate of 1.25 cents per point for travel purchases through the Chase Ultimate Rewards portal. Alternatively, if you have the Chase Sapphire Reserve, you can transfer your points to that card and redeem them at a fixed rate of 1.5 cents per point toward travel. Another option is to transfer your points to any of Chase’s 14 hotel and airline partners, where you may get the most value from your points.

Overall, the Ink Business Preferred Credit Card is a top choice for business owners who want to earn valuable rewards on their business expenses. With its generous sign-up bonus, impressive earning rates, and valuable benefits, it offers a lot of value for its $95 annual fee. Whether you’re a small business owner or a freelancer with a side gig, this card is definitely worth considering.

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