Chase Ink Business Preferred Pricing & Features Overview- Subscribed.FYI
Credit Cards

Chase Ink Business Preferred

The Chase Ink Business Preferred Credit Card rewards small business owners with points on business purchases, featuring a large sign-up bonus, ongoing rewards, travel benefits, employee cards, and business insurance. Ideal for frequent travelers and points maximizers.

Overview

What is the Chase Ink Business Preferred Credit Card?

The Chase Ink Business Preferred Credit Card is a rewards credit card designed for small business owners who want to earn points on everyday business purchases and maximize their travel rewards. It offers a generous sign-up bonus, bonus points in several spending categories, and travel-focused redemption options.

Why Use the Chase Ink Business Preferred Credit Card?

Here are some of the key benefits of the Chase Ink Business Preferred Credit Card:

  • Large Sign-up Bonus: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. This bonus can be redeemed for valuable travel rewards or cash back.
  • Ongoing Rewards: Earn 3x points on the first $150,000 spent in combined purchases in select business categories each account anniversary year. These categories include travel, shipping, internet, cable and phone services, and advertising on social media and search engines.
  • Travel-Friendly: Redeem points for travel through Chase Travel for 25% more value, effectively increasing your points earning potential. You can also transfer points to several airline and hotel partners for added flexibility.
  • Employee Cards: Add authorized users at no additional cost, allowing you to earn rewards on employee spending and streamline business expenses.
  • Business Insurance: Card benefits include cell phone coverage and purchase protection, offering some built-in insurance for common business needs.

Who is the Chase Ink Business Preferred Credit Card Right For?

The Chase Ink Business Preferred Credit Card is ideal for:

  • Small Business Owners: This card caters to small businesses that spend money on travel, shipping, advertising, and other covered categories.
  • Frequent Travelers: Business owners who travel frequently can benefit from the bonus points, travel redemption options, and built-in travel insurance.
  • Points Maximizers: The signup bonus and ongoing rewards can be lucrative for maximizing travel or cashback rewards potential.

The Chase Ink Business Preferred Credit Card offers a compelling combination of rewards potential, travel benefits, and business-centric features. For small business owners who value flexible rewards and travel perks, the Chase Ink Business Preferred Credit Card is a strong contender.

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Pricing and Features

Product Tier
Pricing
Features

Chase Ink Business Preferred

Annual Fee

$95

Annual Percentage Rate

21.24%–26.24%

  • 100,000 Bonus Points: After spending $8,000 in the first 3 months.
  • 3X Points Categories: Earn 3 points per $1 on select purchases.
  • 1X Points on All Other Purchases: Unlimited points on other purchases.
  • Flexible Redemption: Cash back, gift cards, travel, and more.
  • 25% More in Travel: Points worth more for travel.
  • 5X Points on Lyft: Until March 2025.
  • Employee Cards: At no additional cost.
  • No Foreign Transaction Fees: For international transactions.
  • 1:1 Point Transfer: Transfer points for travel or other rewards.

Experience

Cancellation

Simplifying Your Business Rewards Strategy: Concluding Your Chase Ink Business Preferred Card

As your business needs and spending habits evolve, or as you explore alternative rewards programs for your business expenses, Chase offers a clear and efficient process to close your Ink Business Preferred Card account. To ensure a smooth transition and avoid any outstanding charges, please visit this page.

Read More

Product FAQ

What kind of rewards does the Chase Ink Business Preferred® Credit Card offer, and are they suitable for my business?

This card emphasizes points for travel and everyday purchases:

  • Bonus Points: Earn a substantial welcome bonus of points after meeting spending requirements in the first few months. This initial point boost can jumpstart your rewards earning.
  • Ongoing Points Earning: Enjoy points on everyday business purchases across various categories, potentially including office supplies, shipping, internet services, and travel. Analyze your typical business expenses to see if these categories align with your spending patterns.
  • Points Redemption: Redeem your points for valuable travel rewards through Chase Ultimate Rewards®, potentially including booking flights, hotels, and car rentals. Alternatively, you can redeem points for statement credits or cash back, offering some flexibility depending on your needs.

Consider your business’s travel frequency and how well the bonus categories align with your spending to determine if the rewards program is a good fit.

Are there any annual fees associated with the Chase Ink Business Preferred® Credit Card, and are the rewards worth it?

The Chase Ink Business Preferred® Credit Card has an annual fee:

  • Annual Fee: The card has an annual fee, so it’s crucial to evaluate if the potential rewards outweigh the annual cost. Consider your estimated annual spending and the value you can extract from the points to determine if the fee justifies the benefits.
  • Reward Potential: With a high bonus offer and points on various spending categories, the card has the potential to earn significant rewards for businesses that spend heavily in the bonus categories. However, if your business doesn’t align well with these categories or has lower overall spending, the rewards might not offset the annual fee.

Carefully weigh the annual fee against the potential rewards you can earn from your business spending to decide if the card offers good value.

What additional benefits does the Chase Ink Business Preferred® Credit Card offer beyond points?

This card goes beyond just points and offers perks that can enhance your business operations:

  • Travel Coverage: Enjoy travel insurance benefits like trip cancellation/interruption coverage and rental car damage waiver, potentially offering peace of mind for business travel.
  • Purchase Protection: Benefit from purchase protection against theft or damage for eligible purchases made with the card.
  • Employee Cards: Add employee cards to your account, allowing you to delegate spending and potentially track employee expenses more efficiently.

These additional benefits can add value to the card beyond just the points earning potential.

Does the Chase Ink Business Preferred® Credit Card offer any travel lounge access benefits?

The Chase Ink Business Preferred® Credit Card does not directly offer complimentary airport lounge access:

  • Limited Lounge Access: The card itself doesn’t grant automatic access to airport lounges. However, you might be eligible for complimentary entry through other programs, such as Priority Pass memberships earned through certain travel rewards programs or cards co-branded with airlines or lounge networks (separate enrollment and eligibility requirements might apply).

If lounge access is a priority for your business travel, explore the card’s potential for earning points that can be transferred to travel partner programs that offer lounge access benefits.

How does the Chase Ink Business Preferred® Credit Card handle foreign transaction fees, and are there other international travel considerations?

The card offers some benefits for international business travel:

  • No Foreign Transaction Fees: Enjoy the convenience of using the card internationally without incurring additional foreign transaction fees, potentially saving you money on purchases made in foreign currencies.
  • Chip and PIN Technology (potential): The card might utilize chip and PIN technology for added security when making international transactions (chip and PIN usage might vary depending on the merchant’s terminal capabilities).

The absence of foreign transaction fees and potential chip and PIN technology can be valuable assets for business owners who travel internationally. However, it’s still recommended to check with Chase regarding any specific requirements or limitations for international card usage.