Points, Miles & Credit Cards

Review: Chase Ink Business Preferred® Credit Card

January 11, 2024

7 min read

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Table of Contents

Who is the Ink Business Preferred® Credit Card for?

If you're a business owner, freelancer, or entrepreneur who wants to earn travel rewards on common business expenses, the Ink Business Preferred® Credit Card is a great card to consider.

Ink Business Preferred® Credit Card Quick Facts

Thinking about the Ink Business Preferred® Credit Card? Here's what you need to know:

Annual fee: annual_fees

Foreign transaction fee: foreign_transaction_fee

Earning rate:

Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year.
Earn 1 point per $1 on all other purchases

Welcome offer: bonus_miles_full

Pros and cons

Pros:

Points can be redeemed with transfer partners
Comparatively low annual fee
Bonus categories for common business expenses make earning Ultimate Rewards® points easy

Cons:

Chase offers several no-annual-fee business cards that may earn at a higher rate, depending on spending category
No travel credits, like Global Entry or TSA PreCheck
Subject to Chase’s 5/24 rule

Our take

The ability to earn bonus points on common business expenses, plus the ability to redeem points for travel, make the modest annual fee on the card_name worth it.

Ink Business Preferred® Credit Card Review

The Ink Business Preferred® Credit Card is one of the best small business travel credit cards available. For a low annual fee, you have the ability to earn bonus points on common business expenses and redeem those points for travel through Chase’s network of transfer partners.

This card comes with a host of perks useful to businesses, like employee cards at no additional cost, purchase and extended warranty protection, and cell phone protection.

Learn more about the card_name

Welcome offer on the Ink Business Preferred Credit Card

bonus_miles_full

Here's what that can get you in free travel:

Two roundtrip business class tickets to Spain (transfer to Iberia)
One roundtrip business class ticket to Paris—or three roundtrip economy tickets (transfer to Flying Blue Air France)
Two roundtrip economy tickets to Tokyo (transfer to British Airways, fly American)
Two roundtrip economy tickets to Hawaii (transfer to Air Canada Aeroplan, fly United)
One roundtrip economy ticket to Sydney (transfer to United)
Five nights stay at an all-inclusive resort in Cabo San Lucas, Mexico (transfer to Hyatt)

Earning points with Ink Business Preferred® Credit Card

The Ink Business Preferred® Credit Card earns Chase Ultimate Rewards ® points. You’ll earn:

3X points per $1 on the first $150,000 spent in the following categories each account anniversary:
- Shipping
- Ads on social media or search engines
- Internet, cable, and phone services
- Travel
1X point per dollar spent on all other purchases

Redeeming points with Ink Business Preferred® Credit Card

When you redeem Chase Ultimate Rewards points through the Chase Travel(SM) Portal with this card, they’re worth 1.25 cents per point.

To get more value out of your points, your best bet is to transfer them to an airline partner (or hotel partner) and redeem for an award seat.

You can also redeem the points for gift cards, statement credit, or eligible products, but this is not going to provide maximum value.

Ink Business Preferred® Credit Card Benefits

No foreign transaction fee
Points transfer 1:1 to Chase airline and hotel partners
Employee cards at no additional cost. You can set employee spending limits.
Trip cancellation and trip interruption insurance.
Cell phone protection
Auto rental collision damage waiver: Rent a car with peace of mind.
Purchase protection and extended warranty protection

Alternatives to Ink Business Preferred® Credit Card

Ink Business Cash® Credit Card

If you balk at paying an annual fee, or just want to earn at a higher rate on telecommunications expenses, then consider the card_name. This card offers 5% cash back on internet, cable, and phone services, plus 5% back at office supply stores (on the first $25,000 spent in combined purchases) and 2% cash back at gas stations and restaurants (on the first $25,000 spent in combined purchases). Travel expenses aren’t a bonus categories with this card, however.

Read our review

American Express® Business Gold Card

If you’re not scared of a higher annual fee, the card_name (See Rates and Fees) could be even more rewarding—especially if travel, shipping, and telecom services aren’t your main business expenses. With the American Express® Business Gold Card, you have the opportunity to earn 4X Membership Rewards® points on the 2 categories where your business spends the most in each billing cycle. The six possible categories are: US purchases on advertising, US purchases at restaurants, US purchases from electronics goods retailers and software or cloud service providers, US purchases at gas stations, transit, and wireless telephone services in the US.

Complementary cards to Ink Business Preferred® Credit Card

The card_name is part of Chase’s suite of business credit cards. Here’s the others:

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Frequently asked questions about the Chase Ink Business Preferred Card

Is Chase Ink Business Preferred worth it?

If you have a business and are looking to earn travel rewards, the Chase Ink Business Preferred Card offers high bonus rates for a modest annual fee. If you are looking for a business card but already have the Chase Sapphire Preferred or Chase Sapphire Reserve, though, you might want to consider a no-annual-fee business card instead. That’s because the Sapphire cards already allow you to transfer the points you redeem to travel partners, and no-annual-fee business cards may earn at higher rates.

How much are Chase Ink Business Preferred points worth?

When you use your points with Ink Business Preferred to book a hotel or flight through Chase Travel, they are worth 1.25 cents a point. That means that a $1,250 roundtrip flight would cost you 100,000 points.

See Rates and Fees for the card_name