If you have a business, it’s important to make sure you have a credit card that’s serving you well. Business credit cards offer perks and points-earning opportunities that are, rightfully, geared toward businesses.
Some factors to consider when you’re looking for a business card are the categories of spend that earn the most points, the welcome bonus, how you can use your rewards, and additional perks of the card. If that seems like a lot to consider, never fear. We’ve broken down the details to help you figure out whether the Ink Business Preferred® Credit Card is the business credit card match you’ve been waiting for.
Ink Business Preferred® Credit Card at a glance
Annual fee: $95.
Sign-up bonus: New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
Points: 3 points per dollar on categories including travel, shipping, phone, internet and cable, search engine and social media advertising, and 1 point per dollar on all other purchases.
Here are a few signs that the Ink Business Preferred® Credit Card might be right for you:
You’re a small-business owner
The Ink Business Preferred® Credit Card provides 3 Ultimate Rewards® points per $1 spent on up to $150,000 of combined spending per year in the following categories: travel, shipping, internet, cable, phone services and advertising on search engines/social media advertising. If you spend more than $150,000 per year, you’ll still earn 1 point per $1 spent in all of these categories.
It also offers 1 Ultimate Rewards® point per $1 on all other purchases. For a small-business owner (or the solo entrepreneur operating their own side hustle), the Ink Business Preferred® Credit Card provides bonus points in categories likely to benefit your business.
» Learn more: Full review of the Ink Business Preferred
You’re a frequent traveler
Frequent travelers will love the 25% bonus on points when redeemed through the Chase Ultimate Rewards® travel portal, making each point worth 1.25 cents. In addition, the card offers trip cancellation and interruption insurance for tours, hotels, and airfare, up to $5,000 per trip.
Furthermore, Chase Ultimate Rewards® points are transferable at a 1:1 ratio to a number of airline and hotel programs:
- Airlines: Aer Lingus AerClub, British Airways Executive Club, Air France/KLM Flying Blue, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club.
- Hotels: IHG Rewards Club, Marriott Rewards, Ritz-Carlton Rewards, World of Hyatt.
This 1:1 transfer could be useful for members of the above loyalty programs if used wisely. Ultimate Rewards® points are worth 1 cent when redeemed for cash without the 25% bonus, or 1.25 cents when redeemed through the Chase Ultimate Rewards® center. If you’re thinking about transferring your points to another program, use NerdWallet’s loyalty program point valuations to optimize your transfer to a program where you’ll maximize your reward value — and always be sure to check award availability before you transfer, so you’re sure you can book the flights or hotels you think you can.
» Learn more: 6 ways to maximize the benefits of business travel
You can spend $15,000 in the first three months
The Ink Business Preferred® Credit Card offers a generous sign-up bonus: New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
If you can’t take advantage of the travel rewards bonus, those points will still net you $1,000 in cash-back at Amazon or as gift cards.
» Learn more: Chase 5/24 rule explained
You’re rough on your cell phone
The Ink Business Preferred® Credit Card offers additional, non-reward perks to make paying the $95 annual fee more comfortable. One of these perks is cell phone protection. Along with earning 3 points per $1 on your cell phone bill, never fear a damaged or stolen cell phone again. This card offers $600 back per claim for you and your employees.
» Learn more: Credit cards with cell phone insurance
If cell phone theft and destruction isn’t the concern keeping you up at night, the Ink Business Preferred® Credit Card also adds an additional year to the warranties of eligible purchases and provides purchase protection of up to $10,000 a claim for the damage and theft of your credit card purchases, all of which can help a savvy business owner.
How to maximize your rewardsYou want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
- Airline miles and a large bonus: The Chase Sapphire Preferred® Card
- No annual fee: The Wells Fargo Propel American Express® card
- Flat-rate rewards with no annual fee: The Bank of America® Travel Rewards credit card
- Premium travel rewards: The Chase Sapphire Reserve®
- Luxury perks: The Platinum Card® from American Express
- Business travelers: The Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice:
Find the best travel credit card for you
Who can apply for a small-business credit card?
NerdWallet’s best small-business cards