While choosing a credit card for your business can be a complicated mess, sometimes a card comes along that makes the process a little simpler. With great rewards and value, the Ink Business Preferred® Credit Card is one of those cards that makes the decision easier for you.
Here are five reasons to get the Ink Business Preferred® Credit Card.
1. The welcome bonus
Welcome bonuses on business credit cards tend to be generous, and the Ink Business Preferred® Credit Card is no exception. This card offers the following welcome 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®.
2. Great points redemption value
The value of Chase Ultimate Rewards® points varies depending on how you use them, but a point is worth at least 1 cent. In other words, those points from your welcome bonus are worth the equivalent of at least $800 in rewards via gift card at over 70 retailers, cash back or statement credit, or at Amazon.
But if you redeem your Ultimate Rewards® points for travel through Chase’s travel portal, they’re worth even more. The bonus will net you $1,250 in travel rewards thanks to a 25% bonus for redeeming points through Chase Travel. With a value of 1.25 cents per point, it’s hard to imagine redeeming them for anything less than a vacation.
If you want even more flexibility, you can transfer your Ultimate Rewards® points at a 1:1 ratio to Chase’s hotel and airline transfer partners like Hyatt and United. Before you transfer, it’s always a good idea to compare prices and availability to make sure you’re getting a better deal than you would by booking through Chase Travel.
» Learn more: How to redeem Chase Ultimate Rewards
3. Solid bonus categories
For most spending categories, you’ll receive one point per dollar. However, with merchants coded as travel, shipping, internet, cable, phone, and advertising purchases with search engines and social media websites, you’ll earn 3 points per $1 spent.
For most businesses, these categories make up key, regular business expenses. In other words, you can get reliable and predictable use out of your bonus categories, unlike credit cards with rotating cash back categories.
Your first $150,000 spent annually in those categories is eligible to earn 3 points per $1, but even if you crack that threshold, you’ll still be earning 1 point per $1.
4. Cell phone protection
An essential for nearly any business is a reliable phone. With the Ink Business Preferred® Credit Card, you’ll earn 3 points per $1 on your phone plan and receive cell phone protection. If your phone or the phones of your employees are damaged or stolen, Chase will give you $600 per claim, with a $100 deductible.
This perk only applies when you pay the cell bill with your card, and there are limitations on the number of claims you can make within a 12-month period. Still, some protection is better than none, especially when you don’t have to pay extra for it, and this is an enticing reason to consider the card.
» Learn more: Top credit cards that offer cell phone insurance
5. Perks that make the annual fee worthwhile
With a nominal $95 annual fee, the perks you get quickly outweigh the cost of the card.
Additional benefits include:
Employee cards at no additional fee
Assign as many cards as you like to your employees and watch the rewards rack up.
Zero foreign transaction fees
No matter where your business takes you, don’t worry about pesky foreign transaction fees.
Trip cancellation and interruption insurance
For the frequent traveler, this card offers trip cancellation and interruption insurance on nonrefundable airfare, tours and hotels.
Auto rental coverage
If you’re traveling for business purposes, you can feel free to decline the additional insurance offered by rental companies. This waiver covers reimbursement up to the cash value of the vehicle in the case of theft and collision.
In a world where credit cards are increasingly getting rid of their more lucrative perks, a business card with purchase protection is the safety net you hope you’ll never need. Ink Business Preferred® Credit Card offers 120 days of protection against damage and/or theft for up to $10,000 per claim on purchases made with the card.
Extended warranty protection
Decline that expensive extended warranty when you pay for your big purchase with the Ink Business Preferred® Credit Card. This protection adds an additional year to eligible warranties.
» Learn more: Full review of the Ink Business Preferred
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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