Is the Ink Business Preferred Credit Card Right for Me?

Ariana Arghandewal
By Ariana Arghandewal 
Edited by Mary M. Flory

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If you’re on the hunt for a business rewards credit card, chances are you’ve heard of the Ink Business Preferred® Credit Card. Issued by Chase, this card earns valuable points that can be transferred to programs like United MileagePlus, World of Hyatt, Southwest Rapid Rewards and many more.

How do you know if the Ink Business Preferred® Credit Card is right for you? If you recognize yourself in the descriptions below, it could be worth a look.

You’re a business owner

If you’re a business owner looking for a rewarding credit card, the Ink Business Preferred® Credit Card is a great choice. In addition to a large sign-up bonus and generous category bonuses, you can request employee cards at no additional charge. That’s a nice way to rack up additional miles on everyday business expenses.

You’re looking for a big sign-up bonus

If you’re looking to give your Chase Ultimate Rewards® balance a boost, the Ink Business Preferred® Credit Card is a good choice. The card currently offers a hefty sign-up bonus: 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®.

If that sounds good and you’ve got a few awesome redemptions in mind, you should consider applying for this card.

You want a card with purchase protection

The Ink Business Preferred® Credit Card is also a solid option if you’re looking for lots of travel and purchase protection. One of the best benefits is cell phone protection, which covers up to $600 per claim if your cell phone is damaged or stolen. This benefit applies to you and any employees listed in your monthly cell phone bill as long as you pay it using the card, and it covers up to three claims per 12-month period with a $100 deductible. Considering how expensive it can be to fix or replace a smartphone these days, this coverage could be incredibly useful.

Cardholders also qualify for car rental collision damage waiver coverage. You know that extra insurance they try to sell you at the rental car desk so you won’t be liable for damage to the car if you get into an accident? If you decline the rental agency’s policy and put the rental cost on your card, that insurance is covered by your Ink Business Preferred® Credit Card.

The card also provides trip cancellation and interruption insurance of up to $5,000 per trip, roadside assistance and 120 days of purchase protection. If something you purchase with your Ink Business Preferred® Credit Card gets stolen or damaged, Chase will reimburse you up to $10,000 per claim (up to $50,000 per account).

You want generous category bonuses

If you want to go beyond earning 1 point per $1 spent on all purchases, the Ink Business Preferred® Credit Card offers several category bonuses to help you maximize your spending. Cardholders earn 3 points per $1 on their first $150,000 spent in the following categories:

  • Travel.

  • Shipping.

  • Internet, cable and phone services.

  • Advertising purchases (on social media sites and search engines).

These bonus categories could be helpful for business owners across a variety of industries, depending on what your biggest expenses are.

You want your points to go farther

It’s no secret that Chase Ultimate Rewards® is among the most useful transferable points currencies. Between the ability to transfer points to a myriad of partners at a 1:1 ratio and an awesome line-up of credit cards, Ultimate Rewards® has a lot going for it.

But if you’re not satisfied with earning 1 to 3 points per $1 spent and want your points to go farther, you’ll like this feature of the Ink Business Preferred® Credit Card: You get 25% more value when you redeem points through the Chase Ultimate Rewards® travel portal.

The travel portal is a booking site where you can redeem your points for flights, hotels, rental cars, activities and lots of things in between. With the Ink Business Preferred® Credit Card, your points are worth 1.25 cents each toward travel. That’s particularly useful for those times when redeeming points via a transfer partner doesn’t make sense because paid bookings are so cheap.

You don’t mind the annual fee

The Ink Business Preferred® Credit Card has a $95 annual fee, which is pretty standard for a rewards credit card. However, there are lots of business credit cards that offer different options. For example, The Blue Business® Plus Credit Card from American Express has a $0 annual fee and earns 2 Membership Rewards points per $1 spent on the first $50,000 every year.

But if you’re looking for a card that earns Ultimate Rewards® points and don’t mind the annual fee, then the Ink Business Preferred® Credit Card is a good choice for you.

To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Planning a trip? Check out these articles for more inspiration and advice: Find the best travel credit card for you Best small-business credit cards Compare small-business lenders

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