Ben Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other publications and companies in the financial and travel sp.
Ben Luthi ContributorBen Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other publications and companies in the financial and travel sp.
Written By Ben Luthi ContributorBen Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other publications and companies in the financial and travel sp.
Ben Luthi ContributorBen Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other publications and companies in the financial and travel sp.
Contributor Dylan Pearl Credit Cards EditorOver a decade of editorial experience across a number of publications and more than 60 countries visited have given Dylan Pearl a wealth of travel knowledge, and the tools to effectively communicate that knowledge to others. Dylan has made it his mis.
Dylan Pearl Credit Cards EditorOver a decade of editorial experience across a number of publications and more than 60 countries visited have given Dylan Pearl a wealth of travel knowledge, and the tools to effectively communicate that knowledge to others. Dylan has made it his mis.
Dylan Pearl Credit Cards EditorOver a decade of editorial experience across a number of publications and more than 60 countries visited have given Dylan Pearl a wealth of travel knowledge, and the tools to effectively communicate that knowledge to others. Dylan has made it his mis.
Dylan Pearl Credit Cards EditorOver a decade of editorial experience across a number of publications and more than 60 countries visited have given Dylan Pearl a wealth of travel knowledge, and the tools to effectively communicate that knowledge to others. Dylan has made it his mis.
| Credit Cards Editor
Updated: Jul 11, 2024, 1:14pm
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
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The Ink Business Preferred® Credit Card is a solid card for small business owners, with a stellar welcome bonus, multiple bonus rewards categories and flexible redemption options.
Whether you’re considering the Ink Business Preferred® Credit Card or you already have it, here’s what you need to know about making the most of what it offers.
Featured Partner Offer
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Chase Bank USA, NA's WebsiteUp to 3X Reward Rate
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and Read More
Earn 90,000 bonus points
Excellent, Good (700 - 749)
Editorial ReviewFrequent business travelers who spend generously within the bonus categories will find extreme value in this card.
Pros & ConsEarn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Here’s a quick summary of what you can expect when you get the Ink Business Preferred® Credit Card from Chase.
As a new cardholder, the Ink Business Preferred offers 90,000 bonus points after spending $8,000 on purchases in the first 3 months from account opening.
You’ll also earn 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year and 1 point per dollar on all other purchases.
When redeeming your rewards, you’ll have plenty of options, including travel, cash back, gift cards, Apple products and more. Using your rewards to book travel through Chase Travel℠ will give you a 25% bonus, making your points worth 1.25 cents apiece.
Alternatively, you can transfer your rewards to one of Chase’s airline or hotel partners and potentially get even more value. Partners include:
The card also offers a handful of insurance protections, including:
The card charges a $95 annual fee, but it doesn’t charge foreign transaction fees.
If used the right way, the Ink Business Preferred® Credit Card presents you with the opportunity to squeeze a lot of extra value out of your points. Here are some of the best ways to maximize the rewards you earn.
If you’re booking a business trip, you’ve got a few options. If you’re short on points, you can earn 3 points per dollar on your purchase and compare multiple flight options through Chase Travel℠.
If you have enough points, you can book your flight through Chase Travel and get 1.25 cents per point. For a $1,000 flight, for instance, you’d only need 80,000 points, whereas most other general travel rewards programs may require 100,000 points or miles. You can also use them for a portion of your purchase if you don’t have enough for the entire trip.
Alternatively, you can transfer your points to one of Chase’s airline partners. For short-haul flights, you might be able to score a cheap award flight with United Airlines. If you’re traveling abroad, several international airlines offer excellent value on business-class award flights.
As with flights, you can earn 3 points per dollar when you book a hotel stay with your Ink Business Preferred® Credit Card, or you can get 1.25 cents per point when you redeem rewards for a stay through Chase.
Depending on your trip, you may get more value by transferring your points to a hotel partner. In particular, World of Hyatt can offer around 2 cents per point on hotel stays.
Chase only allows transfers to select airline and hotel loyalty programs, but you can also get 1.25 cents per point on other travel reservations by booking them through Chase. Options include:
Don’t forget that you’ll get solid insurance protections for your trip. If you rent a car for business purposes, for instance, your auto rental collision damage waiver acts as primary coverage, so you don’t have to worry about buying the car rental agency’s collision damage waiver—though it’s still a good idea to buy the liability coverage if you don’t have a personal policy to protect you.
And if you have to cancel or interrupt your trip for a covered reason, you can get up to $5,000 per person (up to $10,000 per trip) in reimbursements for prepaid, non-refundable travel expenses.
If you want even more value on travel redemptions, you may consider pairing the Ink Business Preferred® Credit Card with the Chase Sapphire Reserve®, which offers 1.5 cents per point on travel redemptions through Chase Travel℠.
Chase makes it easy to transfer points earned with the Ink Business Preferred® Credit Card to the Sapphire Reserve. The Reserve also offers luxury travel perks, including airport lounge access, an application fee credit for Global Entry, TSA PreCheck or NEXUS and a $300 annual travel credit, helping elevate your travel experience.
When you use your Ink Business Preferred® Credit Card to pay your phone bill, you’ll get 3 points per dollar and cellphone protection. If your phone is stolen or damaged, you can get up to $1,000 in coverage per claim with a $100 deductible. You can file up to three claims per 12-month period.
The Ink Business Preferred® Credit Card offers a lot of value through its versatile rewards program and insurance perks. Before you start using your card, consider your spending habits and travel goals to determine how you can best maximize the card’s features.
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ContributorBen Luthi is a freelance personal finance and travel writer. He started earning credit card rewards in 2013 and leveraged his passion into a writing career. He's contributed to dozens of other publications and companies in the financial and travel spaces.
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