It’s simple enough to compare APRs and annual fees, but when you’re determining your next business credit card, there are some less quantifiable perks that may just add up to better value for your business.
Between purchase protections, welcome bonuses, point value, and more, we’ve done the work for you to break down the most valuable aspects of the Ink Business Preferred® Credit Card so you can decide if it’s the right card for your spending habits.
The 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 on the first $150,000 combined in annual spending, and 1 point per dollar on all other purchases.
Unlike the items to follow on this list, you can only earn the sign-up bonus once. With the welcome bonus after meeting the qualifying spend on your Ink Business Preferred® Credit Card, this one time perk is more than worth it.
Each Ultimate Rewards® point is worth 1 cent when redeemed for cash back, meaning those points from your welcome bonus are worth a minimum of $1000. In other words, the welcome bonus can easily cover your $95 annual fee more than eight times over.
But you’re even better off using your points for travel through Chase Ultimate Rewards® portal, because in that case the welcome bonus will be worth a whopping $1,250 dollars, thanks to the 25% redemption bonus when redeemed for travel.
» Learn more: Chase 5/24 rule explained
Point bonus categories
Some credit cards offer rotating categories for bonus points — one quarter you might earn points or cash back at gas stations or restaurants, the next you might save on travel or utilities. This rotating bonus means cardholders have to strategize purchases to maximize their rewards and constantly be on top of what categories offer rewards at any given time. It can also be harder to utilize some bonus categories compared to others. Depending on the nature of your business, you may not spend much at restaurants or gas stations, meaning months featuring those categories have less potential for rewards.
The Ink Business Preferred® Credit Card, on the other hand, offers 3 points per $1 on the first $150,000 in annual spending in the following business-friendly categories — all year:
- Advertising with search engines and on social sites.
The consistent bonus categories in areas popular for businesses make it easy to pay your regular bills without having to think too much about maximizing. And since your points never expire as long as your account is open and in good standing, you can watch your bank of Ultimate Rewards® points grow.
Business travelers will love the perks that come with using the Ink Business Preferred® Credit Card.
The card’s trip cancellation and interruption protection will have your back in the case of travel delays or trips that need to be canceled for covered reasons as long as you book your travel with your card. Combine that peace of mind with these other travel-friendly perks:
- 3 points per $1 spent on travel.
- 1:1 points transfers to popular frequent traveler programs like Hyatt and United.
- Rental car theft and collision coverage on car rentals for business purposes.
- 25% bonus on points when redeemed for travel with Chase Ultimate Rewards®.
» Learn more: 4 best credit cards for travel insurance benefits
Valuable protections don’t start and end with travel. The Ink Business Preferred® Credit Card also provides the following purchase protection benefits:
- Add an additional year to eligible warranties with extended warranty protection.
- Enjoy 120 days of protection against damage and/or theft of purchases for up to $10,000 per claim.
- Receive $600 per claim in cell phone protection against theft and/or damage for you and your employees.
Still not sure if the Ink Business Preferred® Credit Card is for you? When comparing card perks, make sure you look at the benefits you will actually use, especially when it comes to your business expenses. With its practical perks, you might find that the Ink Business Preferred® Credit Card is exactly what you need.
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:
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