90,000 bonus points after you spend $8,000 on purchases in the first 3 months after account opening.
5X points per $1 on Lyft rides through March 31, 2025
3X points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year: Shipping purchases, Advertising purchases made with social media sites and search engines, Internet, cable and phone services, Travel
Ink Business Preferred®
Unlock powerful perks with the Ink Business Preferred® card. Earn 3x points on travel and select business categories, maximizing your rewards. Enjoy a generous sign-up bonus and flexible point redemption options. Benefit from comprehensive travel and purchase protections, plus no foreign transaction fees, making it an ideal choice for frequent travelers and business owners seeking value and convenience.
Application Pending? Check your status online at Chase.com/Customer-Center/Check my app status or by calling 1-888-609-7805 or 1-888-338-2586. Sometimes, all they need is a quick verification.
Application Declined? You have 30 days to request reconsideration by calling 1-888-609-7805. If you call the same day you applied, there won’t be another hard credit check. Keep in mind, if it's due to the Chase 5/24 rule, they likely won’t reconsider.
Approval Rules: Chase typically declines if you’ve opened 5 new credit cards in the last 24 months. They usually approve up to 2 Chase cards within 30 days, counting business and personal cards separately. Read more about the Chase 5/24 rule and how to review your report.
The Chase Ink Business Preferred card can be downgraded to the Chase Ink Cash ($0), or to the Chase Ink Unlimited ($0). Please note, Chase will only allow you to downgrade the card after 12 months of account opening.
When applying for a new credit card, keep your balances below 10% of your limit on each existing card. Pay down balances and wait for each card's closing date, avoiding new charges. Some banks let you update balances anytime by phone, and Chase will automatically report a $0 balance after payment.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Trip Cancellation Insurance
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Roadside Assistance
If you have a roadside emergency, call 1-800-847-2869 anytime to dispatch the help you need ' anything from a tow or jumpstart to a tire change, lockout service, winching or gas delivery. Roadside service fees will be provided when you call and will be billed to your card.
Purchase Protection
Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Extended Warranty
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Cell Phone Protection
Get up to $1,000 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Maximum of 3 claims in a 12 month period with a $100 deductible per claim.
Auto CDW Insurance
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Extra Redemption Value
Points are worth 25% more when you redeem for travel through Chase Travel℠. For example, 100,000 points are worth $1,250 towards travel.
Extra Redemption Value
Transfer your Chase Travel℠ points to participating frequent travel programs at full 1:1 value ' that means one Chase Travel℠ point equals one partner mile/point.
The points can be redeemed as cashback for 1 penny per point.
If you only have the Ink Business Preferred® Credit Card then you can get 1.25 cents per point on Chase Travel℠
If you also have the Chase Sapphire Reserve then you can transfer your points from your Ink Business Preferred® Credit Card to the Reserve to redeem 1.5 cents per point on Chase Travel, to book flights, car rentals, hotels, and more.
Why We Like it
The Chase Ink Business Preferred® card offers exceptional value for business owners:
- Maximize Your Spending: Earn 1 point per dollar, with points worth 25% more when redeemed for travel through Chase Travel℠.
- Versatile Points Transfer: Transfer points at a 1:1 ratio to loyalty programs like United MileagePlus and Marriott Bonvoy.
- Protect Your Trips and Purchases: Includes Trip Cancellation/Interruption Insurance, Roadside Dispatch, Auto Rental Collision Damage Waiver, Purchase Protection, and Extended Warranty.
- Extra Perks for Your Phone: Cell Phone Protection against theft or damage.
The Chase Ink Business Preferred® card supports smart, safe, and efficient business management.
Considerations
The Chase Ink Business Preferred® card offers valuable benefits for business owners, but there are some drawbacks to consider:
- Annual Fee: There's a $95 annual fee, which might be a consideration for budget-conscious small businesses.
- High Spending Requirement for Bonus: Achieving the sign-up bonus requires a relatively high spending threshold.
- Credit Score Requirement: Typically requires a good to excellent credit score, which might not be feasible for all business owners.
- Capped Rewards Categories: Bonus points categories are capped, which could limit earning potential for businesses with high expenses in those areas.
- No Intro APR Offer: Lacks an introductory APR offer on purchases or balance transfers, which some other business cards provide.
Despite these points, the Chase Ink Business Preferred® card offers substantial value through its comprehensive rewards program and travel benefits.