Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
The Ink Business Preferred® Credit Card offers small business owners rewards on business category purchases like travel, shipping, internet services, and advertising, plus essential protections like extended warranty and primary auto rental collision damage waiver insurance when renting for your small business. The card carries an annual fee of $95.
Here’s what you need to know about the Ink Business Preferred® Credit Card.
Ink Business Preferred® Credit Card at a glance
Rewards
| 5x | Lyft rides through March 2025. | |
| 3x | Travel. Shipping purchases. Internet, cable, and phone services. Advertising purchases with social media sites and search engines. Limited to $150,000 in spending per year across all 3x bonus categories. | |
| 1x | All other purchases. |
Rewards of the Ink Business Preferred® Credit Card are earned as Chase Ultimate Rewards® points.
Benefits
| Consumer insurance benefits Cellular telephone protection. Purchase protection. Extended warranty. | |
| Travel insurance benefits Primary auto rental collision damage waiver when renting for business. Trip delay reimbursement. Baggage delay insurance. Lost luggage reimbursement. Travel accident insurance. Trip cancellation and interruption insurance. |
Other important terms
| Annual fee: $95 | |
| Regular APR: reg_apr,reg_apr_type | |
| Balance transfer fee: balance_transfer_fees | |
| Cash advance fee: cash_advance_fee | |
| Cash advance APR: cash_advance_apr | |
| Foreign transaction fee: None |
Ink Business Preferred® Credit Card sign-up bonus
Learn how to apply.
Annual fee: annual_fees
Ink Business Preferred® Credit Card sign-up bonus
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This the largest Chase Ultimate Rewards® welcome bonus available on a single card. The card is a great choice for small business owners who travel.
More about this card
Benefit highlights:
Trip cancellation/trip interruption insurance.
Cell phone protection.
Roadside dispatch.
Purchase protection.
Auto rental collision damage waiver.
Extended warranty protection.
Transfers to travel partners.
Redeem points for 25% more value through Chase Travel℠.
Rewards:
3x on the first $150,000 spent in combined purchases each year
– Travel.
– Internet, cable and phone services.
– Shipping
– Advertising purchases made with social media sites and search engines
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards®.
Learn more:
Learn more about Chase Ultimate Rewards® or find the best Ultimate Rewards welcome bonuses.
Our take on the Ink Business Preferred®
We like the Ink Business Preferred® Credit Card for its excellent rewards on travel purchases, coupled with a solid suite of travel insurance protections and consumer insurance benefits.
The card includes an essential suite of travel insurance protections, including auto rental collision damage waiver, baggage delay insurance, lost luggage reimbursement, travel accident insurance, trip cancellation/interruption insurance, and trip delay reimbursement. The card’s auto rental collision damage waiver coverage extends primary coverage when renting for business purposes. If you have employees who book travel with your card, the card’s travel insurance protections extend to employees of your company.
Your purchases are also protected when you use you Ink Business Preferred® Credit Card card. You’ll get an extra year of warranty coverage through the card’s extended warranty protection and coverage for 120 days against damage or theft with purchase protection. The card also offers cellular phone protection, which can reimburse you up to $1,000 per claim, for up to 3 claims per year—one of the most generous cell phone protection benefits available.
Pros
- Excellent suite of travel insurance benefits.
- 3x rewards on travel.
- Ultimate Rewards® points are very usable for cash, travel, or point transfers
Cons
- Earns only 1x rewards on other purchases.
- No return protection benefits.
- 3x rewards are limited to $150,000 of spending each year.
Who is the Ink Business Preferred® best for?
The Ink Business Preferred® Credit Card is best for the small business owner who travels. Here’s who will benefit most from the Ink Preferred:
- Small business owners who travel (or have employees who do.) Not only will you earn 3x on your first $150,000 in travel purchases, but you and your employees will enjoy some of the best travel protections available at the card’s pricepoint.
- Small business owners who collect Ultimate Rewards® points. If you’re collecting Ultimate Rewards points, you can get an instant 25% boost to your points’ value when you hold the Ink Business Preferred® Credit Card and redeem your points for travel through Chase Travel℠.
Cards that complement the Ink Business Preferred®
The Ink Business Preferred® Credit Card earns Ultimate Rewards® points. Picking up additional cards that earn increased points in other categories can increase the number of points you earn on your small business purchases. And since you can transfer points between cards that earn Ultimate Rewards, the points you earn on other cards can also be used for 25% more value through Chase Travel℠ or transferred to Chase’s travel partners.
Here are the cards we think would be useful if you hold the Ink Business Preferred:
- Ink Business Unlimited® Credit Card: Earns unlimited 1.5% cash back (1.5x Ultimate Rewards), boosting your rewards on non-category purchases by 50%.
- Ink Business Cash® Credit Card: Earns 5% cash back (5x Ultimate Rewards) on the first $25k spent in combined purchases at office supply stores, and on internet, cable and phone services each account anniversary year.
Additionally, here are a few personal cards that you could consider:
- Chase Freedom Flex℠: Earns 5% cash back (5x Ultimate Rewards) on up to $1,500 spent in categories that rotate quarterly.
- Chase Freedom Unlimited®: Earn 1.5% cash back (1.5x Ultimate Rewards) on general purchases, plus increased rewards on dining and at drugstores.
Frequently asked questions
Is the Ink Business Preferred® Credit Card worth it?
The Ink Business Preferred® Credit Card can be worth the annual fee if you travel for your small business. You’ll earn 3x rewards on your travel purchases and enjoy excellent travel insurance protections for you and your employees.
How much is the Ink Business Preferred® Credit Card annual fee?
The Ink Business Preferred® Credit Card carries an annual fee of $95/year. The annual fee is not waived in the first year.
Do I need an LLC for Chase Ink?
You do not need an LLC for to get a Chase Ink card, but you do need to have a business. You probably have qualifying small business if you do most anything toward the end of making money outside of a W2 job. (And if you’re paid as a 1099 contractor, that counts!) See our article on what counts as a small business.
Does the Ink Business Preferred® count against 5/24?
The Ink Business Preferred® Credit Card is a small business card. Historically, Chase has not reported Ink cards to personal credit reports, as long as they are current. And these cards have not counted toward 5/24. Learn more about Chase and the 5/24 rule.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
