Why I Love my Ink Business Preferred Credit Card

Alex CramerSep 9, 2020

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I’ve been a big collector of Chase Ultimate Rewards points for a few years now, and although I possess over a half dozen different travel rewards credit cards, the Ink Business Preferred® Credit Card is one of the go-to cards in my lineup.

A high sign-up bonus, combined with versatile bonus spending categories and a low annual fee means that this is one card that will always be useful.

Epic sign-up bonus

For most travel rewards credit card holders, there are few feelings more satisfying than the moment you log in to your account and see that a massive sign-up bonus has finally cleared and turbo-charged your point stash.

Ink Business Preferred® Credit Card holders can qualify for one of the largest sign-up bonuses offered by any Chase card: 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®

I was able to hit my minimum spend quickly because I used my Ink Business Preferred® Credit Card to help pay for my wedding. Then once the bonus hit, I was able to use those points to help pay for my honeymoon.

Chase travel portal bonus

Chase will give you a 25% bonus for every point you spend through their Chase travel portal. That means every 10,000 points is worth $100 in cash but worth $125 in the travel portal. So a large sign up bonus can really shoot your value up if you use your points to pay travel expenses through Chase.

Having extra money to spend on travel meant that I was able to upgrade to an ocean view hotel room when my wife and I traveled to Maui for our honeymoon.

I also love how the Ink Business Preferred® Credit Card boosts the point collecting I do on all of my cards because I can transfer Ultimate Rewards points from any Chase card onto my Ink Business Preferred® Credit Card and benefit from the bonus on those points as well.

So the 2 points I earn for every dollar I spend on gas with my Ink Business Cash® Credit Card are actually worth 2.5 points once I transfer them to my Ink Business Preferred® Credit Card account.

Triple points on travel

Another perk I love about my Ink Business Preferred® Credit Card is that it offers triple points per dollar spent on travel (which of course comes out to 3.75 points per dollar if used through the Chase travel portal).

Most people think of travel spending as just flights and hotels, but Chase offers a much more generous understanding of what’s covered under travel, which means I barely have to leave home to take advantage of it.

Not only are rideshares such as Uber and Lyft covered, but so are valets, parking garages and even parking meters. As someone who lives in a major city, I can barely leave my house without paying someone $10 to park my car, so it’s nice to know that at least some of that money is coming back to me through triple points.

Great bonus spending categories

The key to spending categories is that you want them to match up as closely as possible to what your everyday spending is like. If your card offers 5 points back on dining out, but you always cook at home, then it's not much use to you.

However, almost everyone pays internet, cable and cell phone bills, which makes triple points on those categories highly valuable.

The best part is that I spend enough on those categories that the point bonus alone is usually enough to offset the cost of my annual fee of $95.

The card also offers triple points on shipping purchase and advertising purchased through social media sites or search engines. While I don’t use this perk often, it is a good example of how versatile this card can be.

Cell phone insurance

I’ve dropped more than one cell phone on the ground only to pick it up and stare into my lovely new cracked screen. Fortunately, I pay my phone bill with my Ink Business Preferred® Credit Card, which means that I automatically have cell phone insurance.

The best part is that it doesn’t matter if you bought the phone with your Ink Business Preferred® Credit Card or not. As long as your last bill payment before you make your claim was done on the card, you’re eligible (and with triple points per dollar on cell phone bills, you should be doing this anyway)

The insurance will cover up to $600 of damage or theft and has a $100 deductible.

The bottom line

A massive sign-up bonus is a great starting point for why I love my Ink Business Preferred® Credit Card, but this card offers up value long after you’ve spent your bonus. High-value and easy-to-use bonus spending categories and bonus points for travel redemptions mean that this is an every day go-to card for me.

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 2021, including those best for:

Planning a trip? Check out these articles for more inspiration and advice: Find the best travel credit card for you How to redeem Chase Ultimate Rewards What is the ‘Chase trifecta’?

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