Our Take
The bottom line:
A big sign-up bonus, high ongoing rewards in common business spending categories and an array of perks make this card well worth the modest annual fee.
Ink Business Preferred® Credit Card
Annual fee
$95
Regular APR
21.24%-26.24% Variable APR
Intro APR
N/A
Apply now
on Chase's website
More details from Chase
- Earn 100k bonus points after you spend $8,000 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 Travel℠
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros & Cons
Pros
- New cardholder bonus offer
- Bonus categories
- Transfer partners
Cons
- Has annual fee
- No intro APR offer
Compare to Other Cards
at Chase | at American Express | at American Express |
Annual fee $95 | Annual fee $375 | Annual fee $695 |
Regular APR 21.24%-26.24% Variable APR | Regular APR 19.49%-28.49% Variable APR | Regular APR 19.49%-28.49% Variable APR |
Intro APR N/A | Intro APR N/A | Intro APR N/A |
Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
Full Review
The
Ink Business Preferred® Credit Card
is one of the best — and most accessible — travel cards for small businesses thanks to the card’s balance of perks, rewards and value.Annual fees are standard practice for business travel cards, but the
Ink Business Preferred® Credit Card
's $95
annual fee falls on the low end of a spectrum that can swing as high as $695. Yet the Chase Ink Business Preferred
still delivers a better welcome offer than some of its pricier peers and it matches or bests their rewards rates.All of that makes the
Ink Business Preferred® Credit Card
a simple, practical business credit card for business owners who want to earn travel rewards on everyday business expenses like shipping, advertising and internet. The Ink Business Preferred® Credit Card is best for small-business owners who:
- Spend primarily on travel, shipping, advertising and telecom.
- Prefer travel points to cash back.
- Can book business travel via the Chase Travel℠ portal.
- Don’t want to pay a higher fee for travel credits or other perks.
You might prefer the
Capital One Venture X Business
instead if: You’re aiming for status and luxury perks, like travel credit and airport lounge access. The Venture X Business delivers these without fully breaking the bank, thanks to an annual travel credit that almost offsets the card’s $395
annual fee. (See rates and fees.)You might prefer the
Capital One Spark Miles for Business
instead if: Your business spending doesn’t align with the Ink Business Preferred’s bonus categories. The Spark Miles for Business earns a flat 2 miles per $1 on all purchases and the $95
annual fee is waived for the first year. (See rates and fees.)Ink Business Preferred® Credit Card: Basics
Card type: Small business.
Annual fee:
$95
.Sign-up bonus:
Earn 100,000 bonus points after you spend $8,000 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 Travel℠.
Rewards:
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year, Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
.Bonus categories currently include:
- Travel.
- Shipping purchases.
- Advertising purchases made with social media sites and search engines.
- Internet, cable and phone services.
You can redeem points for cash, gift cards, travel and eligible products or services. Points are generally worth about a penny each, with one notable exception: When you redeem your points for travel booked through Chase Travel℠, they're worth 1.25 cents apiece.
APR:
The ongoing APR is 21.24%-26.24% Variable APR
.Foreign transaction fee: None.
Other perks:
- Earn a total of 5X points on Lyft rides through March 2025.
- Points are worth 1.25 cents apiece when redeemed for travel booked through Chase Travel℠.
- Primary auto collision coverage on rental cars in the U.S. and abroad when renting for business and paid with your Ink Business Preferred card. Terms apply.
Why you might want the Ink Business Preferred® Credit Card
A huge sign-up bonus
The
Chase Ink Business Preferred
offers one of the best sign-up bonuses for a business credit card:Earn 100,000 bonus points after you spend $8,000 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 Travel℠.
That’s because the points earned with your
Ink Business Preferred® Credit Card
are worth 25% more (1.25 cents apiece) when you redeem them for travel booked through Chase. That stretches the value of your welcome bonus, as well as any points you earn, if you redeem them for airfare, accommodations and more through Chase's portal. You can also combine points earned on other Chase credit cards (personal and business). High rewards in common business spending categories
Several business travel cards offer bonus categories, but the
Ink Business Preferred® Credit Card
is one of the few that earns bonus points on non-travel related spending.In addition to travel expenses, you’ll earn 3 points per dollar on the first $150,000 in combined annual spending in these categories:
- Shipping.
- Internet, cable and telephone services.
- Advertising purchases with social media sites and search engines.
All other spending earns a base rate of 1 point per dollar.
Compare that to the
Capital One Spark Miles for Business
, which only earns bonus points on hotels and rental cars, and only when booked via Capital One’s travel portal.Transfers to airline and hotel programs
You have the flexibility of transferring points on a 1:1 basis to a dozen popular airline and hotel loyalty programs. Depending on which partner you choose and how you redeem those points, transferring may offer outsized value.
NerdWallet values World of Hyatt points at
2.3
cents each, compared with 1.25 cents per point earned on the Ink Business Preferred® Credit Card
, for example. So 10,000 Chase Ultimate Rewards® points would be worth $125 if redeemed for travel via the Chase Travel ℠ portal. But if you transferred those points to your World of Hyatt account, those same 10,000 points would be worth $230.Partners include:
- Aer Lingus AerClub.
- Air France/KLM Flying Blue.
- British Airways Executive Club.
- Emirates Skywards.
- Iberia Plus.
- JetBlue TrueBlue.
- Singapore Airlines KrisFlyer.
- Southwest Airlines Rapid Rewards.
- United MileagePlus.
- Virgin Atlantic Flying Club.
- IHG Rewards Club.
- Marriott Bonvoy.
- World of Hyatt.
Travel protections
The card’s travel protections can spare you some headaches and money when your travel plans derail. Trip cancellation and interruption insurance reimburses you for prepaid, nonrefundable travel expenses (including passenger fares and hotels) when your trip is canceled due to sickness, severe weather conditions and other qualifying scenarios. Per person and per trip coverage limits apply.
The
Ink Business Preferred® Credit Card
also includes rental car collision coverage, which reimburses you when a car rented for business purposes is damaged or stolen. The Ink Business Preferred’s coverage is primary — meaning it kicks in first, before your commercial auto insurance — if your rental car is damaged. To qualify, you must pay for the car rental with your Ink Business Preferred and decline the car rental agency’s collision insurance. Other terms apply.Why you might want a different credit card
The
Ink Business Preferred® Credit Card
is an excellent card, but it's not perfect, or even appropriate, for every business. Here are some possible reasons why you may want a different business credit card.There's an annual fee
The
Ink Business Preferred® Credit Card
’s $95
annual fee is certainly on low end for a business travel card, but there are a few no-annual-fee options.The
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
, for example, has no annual fee and offers 1.5
points per $1 spent on all purchases. If you already have a Bank of America business checking account, you might qualify for an even higher rewards rate thanks to the bank’s Preferred Rewards for Business program. Gold tier members get a 25% rewards boost on Business Advantage credit cards; Platinum members get a 75% rewards boost.The
U.S. Bank Business Altitude™ Connect World Elite Mastercard®
is another top-notch option. This card does have an annual fee ($95
), but it’s waived for the first year. And you’ll earn 4x points on travel, including at gas stations and EV charging stations, up to the first $150,000 in combined annual spending. No other business travel card delivers that level of travel rewards.» MORE: Best gas cards for business.
There's no introductory 0% APR period
Business travel cards typically don’t offer an intro APR period.
The Blue Business® Plus Credit Card from American Express
is an exception. You'll get an introductory 0% intro APR on Purchases for 12 months, and then the ongoing APR of 18.49%-26.49% Variable APR
. This card earns AmEx Membership Rewards points: Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms Apply.
You can redeem points for travel or cash back, without losing any value (see rates and fees).Its bonus categories might not match your spending
If you don't travel much or spend money in the other bonus categories (advertising, shipping and internet, cable and phone services), you'll miss out on most of the ongoing value of the
Ink Business Preferred® Credit Card
. The Ink Business Unlimited® Credit Card
offers a flat cash-back rate of 1.5%
on all purchases, making it easy to earn a top rate no matter what your business spends on. There’s also a long intro APR period, no annual fee and stellar welcome offer: Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
Want a flat-rate travel card instead? The
Capital One Spark Miles for Business
card gives you an unlimited 2
miles per dollar on every purchase. This card has an annual fee ($0 intro for the first year, then $95
) and a decent welcome offer: Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.
(See rates and fees.)Your business spends HEAVILY on travel
The Business Platinum Card® from American Express
may merit a closer look if your business spends a lot of money on travel annually. It has a $695
annual fee, but the long list of perks and benefits can offset the cost as long as you use them. It earns 5 Membership Rewards points per $1 spent on flights and prepaid hotels booked through amextravel.com; 1.5 points on eligible purchases at U.S. construction material and hardware suppliers, electronic goods retailers and software and cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year; and 1 point for each dollar you spend on eligible purchases. Terms apply (see rates and fees). (Learn more about the difference between
The Business Platinum Card® from American Express
and Ink Business Preferred® Credit Card
.)Is the Ink Business Preferred® Credit Card right for you?
The
Ink Business Preferred® Credit Card
checks about as many boxes as a card can for business travelers without charging an annual fee in the hundreds of dollars. Check your books to see how well your expenses jibe with the bonus categories. If there's a lot of overlap, don't be afraid to pull the trigger.Apply now
on Chase's website
Frequently Asked Questions
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year, Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
.Yes, the Chase Ink Preferred is a business travel card. In fact, it’s one of the best business travel cards available, with a low annual fee, huge sign-up bonus and bonus points on travel and common business expenses.
While the points you earn with the Ink Business Preferred card can be redeemed for statement credit, they're worth 25% more when you use them to book travel through Chase. You can transfer points to airline and hotel partners.
If you use them to book travel through Chase — such as for airfare, hotels, rental cars or cruises — points are worth 1.25 cents each. If you redeem them for cash, they’re worth 1 cent apiece. If you transfer your points to an airline or hotel program, the value you get depends on how you redeem them in those programs.
Yes. The annual fee is
$95
.The primary difference between the
Ink Business Preferred® Credit Card
and the Ink Business Cash® Credit Card
is that the Preferred is a business travel card while the Ink Business Cash is technically a cash-back business card. There are also some slight differences in bonus categories between the two cards: For the Ink Business Preferred® Credit Card
they're travel, shipping, telecom and advertising; for the Ink Business Cash® Credit Card
, they're office supply stores, telecom, gas stations and restaurants. The Ink Business Cash® Credit Card has a $0
annual fee, while the Ink Business Preferred® Credit Card has a $95
annual fee, but offers a larger welcome offer and additional perks.Any business owner can apply for and get a business credit card, including the
Ink Business Preferred® Credit Card
, provided they have a good personal credit score (a FICO score of 690 or higher). You don’t need a formal business structure or even business revenue, in most cases, making it a good business credit card for new businesses, as well as freelancers and folks with side hustles. But keep in mind that card issuers also take into account your personal income, existing debts and other information when reviewing your application.Yes. You can combine your points from multiple Chase cards you hold — including small-business and consumer cards. Plus you can transfer points to one member of your household. If you hold a Chase card like the
Ink Business Preferred® Credit Card
, you can transfer your points to a variety of travel partners.
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