Guide to Chase Ink Business Preferred Credit Card Benefits

Learn more: Our selection of the best business credit cards.

Below are some of the key Chase Ink Business Preferred benefits that prospective and current cardholders should know about.

Ink Business Preferred® Credit Card

Introductory bonus

Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months of account opening, equal to $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠.

annual fee	95$
Regular annual percentage rate	21.24%–26.24% variable

Our statement

The Chase Ink Business Preferred® Credit Card is a business rewards powerhouse, offering a welcome bonus that’ll keep you on the edge of your seat, plus bonus rewards on common business expenses—all for an affordable annual fee. But depending on your business’s spending profile, it may not be the right fit.

Reward

Premium rates

• 3-fold3x points per $1 (up to $150,000 total) spent on purchases such as mail order, internet, cable, phone and advertising
• 1x1x point per dollar spent on all other purchases
• 5x5x points for Lyft rides until March 31, 2025

Card details

• • Additional benefits: Free employee cards, trip cancellation/interruption insurance, comprehensive insurance for rental cars, cell phone coverage

• • Foreign transaction fee: None

Learn more

at Cardratings.com

Earning potential for bonuses

One of the main benefits you can maximize with Ink Business Preferred is earning Chase Ultimate Rewards points on purchases. You’ll earn 3x points per $1 (up to $150,000 total) you spend on shipping purchases, internet, cable, phone, and advertising on social media sites and search engines. You’ll earn 1x point per $1 on all other purchases. And through March 31, 2025, you’ll earn 5 points per $1 on Lyft rides.

The Chase Ink Business Preferred is a great choice for a small business with significant annual purchases in these categories. If your spending falls into other categories, you may prefer a different card with a rewards program better tailored to your business’s spending.

When you open an Ink Business Preferred account, you can earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months of account opening. That’s $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠. Assuming you can reach that threshold, 100,000 points is a windfall rewards win that you can redeem for your company’s travel needs or simply as cash back.

Travel benefits

The Chase Ink Business Preferred is ideal for companies that frequently travel for business. Ultimate Rewards are a coveted, flexible rewards currency that you can transfer to airline and hotel partners or redeem for bookings through Chase Travel.

And thanks to Ink Business Preferred’s comprehensive range of protection, you’ll be fully covered when traveling should anything happen to you along the way.

Transfer partners and redemptions at travel portals

While points are usually worth 1 cent as cashback, you can 25% more when you redeem travel through Chase Travel℠. You can also transfer your points to more than a dozen airline and hotel loyalty programs at a 1:1 ratio. For those willing to invest some time in researching award travel deals, this is often a great way to maximize the value of your rewards.

In addition, when you book directly with the airline or hotel, you can enjoy all the status benefits you are entitled to in that program, which is not usually the case when booking through the Chase portal.

You can transfer your points to the following airlines and hotels:

• Aer Lingus AerClub
• Air Canada aircraft
• British Airways Executive Club
• Emirates Skywards®
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards®
• United MileagePlus®
• Virgin Atlantic Flight Club
• IHG® One Rewards Club
• Marriott Bonvoy®
• World of Hyatt

No fees for foreign transactions

The card does not charge any foreign transaction fees, so you can use it when traveling abroad for business without worrying about incurring additional charges for each purchase.

Travel protection

The Chase Ink Business Preferred offers valuable travel protection.

First, you can rest easy knowing that trips booked with the card come with trip cancellation and interruption insurance that covers up to $5,000 per person and $10,000 per trip if the trip is canceled or interrupted due to illness, severe weather, or other covered circumstances. Covered expenses include non-refundable flights, tours, and hotels.

You can also benefit from comprehensive insurance, which protects you in the event of theft or collision when renting a car for business purposes.

Business benefits

A solid business credit card should offer benefits that make billing more efficient and provide protection for purchases made with the card. The Ink Business Preferred meets these requirements.

Here are some of the benefits you can enjoy as a small business owner.

Build business credit

Business and personal credit are two different things, so a business credit card can be one piece of the puzzle if you want to build a positive credit history. (A business card alone isn’t enough, though. You’ll also need to incorporate your business as a separate entity, get an Employer Identification Number from the IRS, and register for a Dun & Bradstreet number.)

If you need a loan in the future, having a good credit score can be helpful.

Learn more: Which business credit cards report to Dun & Bradstreet?

Even if you don’t have employees and are self-employed, you’ll appreciate being able to separate your business and personal expenses. When it comes time to file your taxes, keeping things separate makes accurate reporting much easier.

Accounting tools

Chase Ink provides useful insights for your business, including quarterly reports to help you manage your finances more effectively. You can also integrate the card with accounting software, making it easier than ever to keep track of your spending.

Free employee cards

You get employee cards at no extra cost, so you can earn points on your employees’ spending as well as your own. You can also set individual spending limits on these cards to protect yourself from purchases you haven’t authorized your employees to make.

Purchase protection

If you use your card to pay your monthly cell phone bill for yourself or your employees, you are covered against theft or damage for up to $1,000 per claim. You can make a maximum of three claims in a 12-month period and are subject to a $100 deductible per claim.

Additionally, Chase Ink Business Preferred covers new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 per account. For purchases that come with a valid U.S. manufacturer’s warranty, your card extends the manufacturer’s warranty for an additional year for warranties of three years or less.

Taking away

The Chase Ink Business Preferred offers tons of benefits for a modest $95 annual fee. To get the most out of the card’s benefits, make sure your spending falls within the bonus categories and that you meet the spending requirements to receive the welcome offer.

If you have one of the Chase Sapphire personal credit cards (the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®), you’re already familiar with Chase’s popular Ultimate Rewards program, which allows you to take advantage of the added value you get from using points to book through the Chase Travel portal and the ability to transfer points to partners.

In short, if you’re looking for a business travel card that offers convenient business benefits at an affordable price, the Ink Business Preferred is an attractive option. But if you don’t travel for work, those benefits may not be very useful—and you’d probably be better off with another card that better suits your needs. In that case, consider the Ink Business Unlimited, with a $0 annual fee and unlimited flat-rate rewards on all spending.

Please note that card details are correct at the date of publication but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees and benefits before applying for a card.