The Ink Business Preferred Card from Chase can help you do just that. This guide will show you how to make the most of this powerful credit card. You’ll learn how to earn more and make your business run smoother.
Key Takeaways
- Earn 3X points on popular business spending categories like travel, shipping, internet, cable, and phone services.
- Take advantage of the generous sign-up bonus to jumpstart your rewards journey.
- Leverage the card’s versatile redemption options, including travel, cash back, and partner transfers.
- Enjoy valuable travel perks like comprehensive insurance coverage and no foreign transaction fees.
- Streamline your business expenses with seamless integration into your accounting software.
What is the Ink Business Preferred Card?
The Ink Business Preferred Card is a top-tier business credit card from Chase. It’s known for its strong rewards programs. It’s perfect for small business owners and entrepreneurs to earn valuable Chase Ultimate Rewards points.
Overview of Key Features
The Ink Business Preferred Card has many great features for today’s businesses. Some key highlights include:
- Generous Rewards Program: You earn 3 points per $1 spent on the first $150,000 in combined annual purchases. This includes travel, shipping, internet, cable, and phone services, and advertising with social media and search engines.
- Lucrative Sign-up Bonus: New cardholders get a big sign-up bonus of 100,000 Chase Ultimate Rewards points. This is after spending $15,000 on purchases in the first 3 months.
- Annual Fee: The card has an annual fee of $95. It’s a good deal considering the rewards and benefits it offers.
Eligibility Requirements
To get the Ink Business Preferred Card, you need to be a small business owner or entrepreneur. You must have a valid business entity like a sole proprietorship, partnership, or corporation. You also need a good to excellent credit score and to show your business’s creditworthiness. Remember, the card isn’t for those with other Ink business credit cards from Chase.
“The Ink Business Preferred Card has been a game-changer for my small business. The rewards program has helped us save substantially on our business expenses, and the additional perks have made managing our finances much easier.”
– John Smith, Owner of ABC Enterprises
Earning Points with the Ink Business Preferred Card
The Ink Business Preferred Card from Chase lets you earn valuable Chase Ultimate Rewards points on your business expenses. It covers everyday spending and specific categories. This card offers a great rewards program to help you earn points quickly.
Categories That Earn 3X Points
The Ink Business Preferred Card gives you 3X points on the first $150,000 spent annually. This is for purchases in these key areas:
- Travel
- Shipping purchases
- Internet, cable, and phone services
- Advertising purchases made with social media sites and search engines
Bonus Points Opportunities
There are also chances to earn extra points. For instance, you get a 25% bonus when you redeem points for travel through the Chase Ultimate Rewards portal.
Annual Spending Bonuses
Cardholders might get annual spending bonuses. These bonuses depend on your business expenses throughout the year. They can make your Chase Ultimate Rewards points even more valuable.
“The Ink Business Preferred Card has been a game-changer for my business. The 3X points on key spending categories have helped us earn rewards faster and reinvest those savings back into our operations.”
– John Smith, Small Business Owner
Redeeming Points: Getting the Most Value
If you own the Ink Business Preferred Card, you’re earning Chase Ultimate Rewards points every day. Now, it’s time to see how much value you can get from those points. There are many ways to use them.
Travel Redemptions
Using your points for travel is a great way to get the most value. The Chase Ultimate Rewards portal lets you book flights, hotels, and more. You’ll often get a better deal than other options.
Cash Back and Statement Credits
For a simpler option, you can get cash back or statement credits. While it might not be as valuable as travel, it’s easy to use. It helps pay off business expenses.
Transferring Points to Travel Partners
For the best value, transfer your points to travel partners. These include top airlines and hotels. You can get even more value, especially for luxury travel.
Knowing how to use these options can help you get the most from your Ink Business Preferred Card. This way, you can enjoy the best of your business travel perks.
“Redeeming my points through the Chase Ultimate Rewards portal has allowed me to book luxurious business class flights and high-end hotel stays for my team’s travels, making our trips more comfortable and productive.”
Travel Benefits of the Ink Business Preferred Card
As a savvy business owner, you know how to get the most out of your company’s expenses. The Ink Business Preferred Card offers a range of travel benefits. These can make your business trips more efficient and cost-effective.
Comprehensive Travel Insurance
Using your Ink Business Preferred Card for business travel gets you a strong travel insurance package. It covers trip cancellation and interruption, and protects your baggage and personal effects. This security lets you focus on your work, knowing your investments are safe.
No Foreign Transaction Fees
Doing business abroad can mean dealing with foreign transaction fees. But the Ink Business Preferred Card doesn’t charge these fees. This means you can buy things overseas without extra costs. It’s a big plus for business travel, helping you save money.
Trip Cancellation and Interruption Coverage
Unexpected events can ruin even the best-planned business trips. The Ink Business Preferred Card offers coverage for trip cancellation and interruption. If your trip is disrupted by illness or severe weather, you can get reimbursed for non-refundable expenses. This protection helps reduce the financial hit of unexpected events.
Using the Ink Business Preferred Card’s travel benefits can help you get the most out of your business travel. It protects your investments and lets you focus on your company’s success. Check out these features and see how this card can support your business journey.
Managing Your Business Expenses
As a business owner, it’s key to manage your business expenses well. The Ink Business Preferred Card helps a lot with this. It makes tracking your expenses easy and connects well with your accounting software.
Tracking Spending with Expense Reports
The Ink Business Preferred Card gives you detailed expense reports. These reports help you sort and watch your business spending. They show you all your transactions, helping you find ways to save money and plan your budget better.
Integrating with Accounting Software
Another great thing about the Ink Business Preferred Card is its accounting integration. You can link your card to accounting tools like QuickBooks, Xero, and Expensify. This makes your bookkeeping easier, keeps your financial records right, saves time, and cuts down on mistakes.
| Feature | Benefit |
|---|---|
| Detailed Expense Reports | Gain a clear understanding of your business spending patterns, identify areas for cost optimization, and improve budgeting. |
| Accounting Integration | Automate the flow of financial data, ensuring accurate bookkeeping and streamlining your accounting processes. |
Using the Ink Business Preferred Card’s tools, you can manage your business expenses better. This lets you make smart financial choices and grow your business with confidence.
Additional Perks of the Ink Business Preferred Card
The Ink Business Preferred credit card from Chase offers more than just rewards and travel benefits. It also comes with extra perks that can improve your business and employee experiences.
Employee Cards and Their Benefits
One great feature of the Ink Business Preferred card is the ability to add employee cards. This lets you give your team their own cards. It makes tracking and managing business expenses easier. Plus, employee cards have the same rewards and benefits as the main card, helping your whole team earn points.
Access to Exclusive Events and Experiences
As an Ink Business Preferred cardholder, you get to join exclusive events and experiences. These are made for business owners and entrepreneurs. You’ll find networking chances and educational seminars that can help your business grow.
Purchase Protection and Extended Warranty
Keeping your business safe is key, and the Ink Business Preferred card helps with that. It offers strong purchase protection and extended warranty coverage. This means your purchases are safe from damage or theft, and warranties are longer, giving you peace of mind.
Using the Ink Business Preferred card’s full range of benefits can help you empower your employees, access special opportunities, and protect your business purchases. Discover the many perks and see how this card can boost your company’s financial management and growth.
Comparing the Ink Business Preferred Card to Other Business Cards
Choosing the right credit card is crucial for a business. The Chase Ink Business Preferred Card is a top choice. But how does it compare to other business cards on the market?
Differences with the Chase Ink Business Cash Card
The Ink Business Preferred and Ink Business Cash cards are both from Chase. But they differ in earning rates and fees. The Preferred card earns 3 points per dollar in select categories, while the Cash card earns 2 points. The Preferred card also has a $95 annual fee, while the Cash card has no fee.
How It Stacks Up Against Competitors
The Ink Business Preferred Card is known for its rewards and travel benefits. For example, it offers 3 points per dollar in select categories. This is similar to the American Express Business Platinum Card, but the Platinum has a much higher $595 annual fee.
| Card | Annual Fee | Earning Rate | Travel Benefits |
|---|---|---|---|
| Ink Business Preferred | $95 | 3X on first $150,000 spent in select categories | Travel insurance, no foreign transaction fees, trip cancellation/interruption coverage |
| American Express Business Platinum | $595 | 5X on airfare and hotel purchases | Lounge access, hotel elite status, airline fee credit |
| Capital One Spark Cash Plus | $150 | 2% cash back on all purchases | No foreign transaction fees, purchase protection, extended warranty |
The Ink Business Preferred Card offers great rewards and benefits at a reasonable fee. It’s a solid choice for businesses wanting to make the most of their spending and travel.
Tips for Maximizing Your Ink Business Preferred Rewards
As a business owner, getting the most out of your Ink Business Preferred Card can really help your business grow. By spending wisely and using the card’s bonus categories well, you can reach the card’s full potential. This can be a big win for your business.
Strategic Spending Strategies
To get the most rewards, try these spending tips:
- Focus on the 3X bonus categories: Spend more on travel, shipping, internet, cable, phone services, and social media and search engine ads. This way, you earn 3X points on those purchases.
- Leverage the annual spending bonus: Try to spend at least $15,000 on your Ink Business Preferred Card each year. This will get you a 25,000-point bonus, a great way to boost your rewards.
- Combine the card with other Chase Ultimate Rewards-earning cards: Using the Ink Business Preferred with a personal Chase Sapphire Preferred or Chase Sapphire Reserve card can help you pool points. This opens up more redemption options.
Utilizing Bonus Categories Effectively
The Ink Business Preferred Card’s bonus categories are made to reward you for your business expenses. To get the most from these categories:
- Analyze your business spending patterns to find where you can earn 3X bonus points.
- Consider automating recurring bills in the bonus categories to earn higher rewards consistently.
- Look for ways to shift your spending towards the bonus categories without hurting your business.
By using these smart spending strategies and the Ink Business Preferred Card’s bonus categories, you can improve your rewards optimization and make the most of your business expenses.
Common Questions About the Ink Business Preferred Card
As a business owner, you might wonder about the Ink Business Preferred Card from Chase. It’s great for your business. People often ask about credit limits and customer support. Let’s look into these questions.
What If I Exceed My Credit Limit?
The Ink Business Preferred Card has a big credit limit. But, it’s key to spend wisely. If you’re close to or over your limit, don’t panic. Chase can help.
Just talk to Chase about your needs. They can increase your credit limit or help you spend smarter. Their team is ready to assist you.
How to Contact Customer Support
The Ink Business Preferred Card has a dedicated support team. They’re here to answer your questions. You can reach them in several ways:
- Calling the number on the back of your card
- Visiting the Chase website and using the secure messaging feature
- Scheduling a call back through the Chase mobile app
Chase’s support team is available 24/7. They can help with account management, Chase Ultimate Rewards points, and more. They aim to make your experience with the card smooth.
The Ink Business Preferred Card is a valuable tool for your business. Knowing its features and how to handle any issues can help your company grow.
Success Stories: Businesses Thriving with Ink Business Preferred
As a small business owner, getting the most out of rewards and making things easier can really help. The Ink Business Preferred credit card has helped many entrepreneurs reach their goals. Their stories are both inspiring and full of useful insights.
Examples of Effective Points Use
Dana Pollack, CEO of Dana’s Bakery, uses the Ink Business Preferred card to manage her business costs. She earns points on things like office supplies and advertising. This lets her put those points back into growing her bakery business.
Testimonials from Business Owners
“The Ink Business Preferred card has been a game-changer for my small business. The rewards program has allowed me to offset the costs of critical business expenses, freeing up capital to invest in new opportunities and initiatives. I highly recommend this card to any entrepreneur looking to maximize their rewards and streamline their operations.”
– Jessica Chen, Founder of Acme Office Solutions
| Business Owner | Testimonial | Rewards Utilization |
|---|---|---|
| Dana Pollack, CEO of Dana’s Bakery | “The Ink Business Preferred card has been invaluable in helping me manage the day-to-day expenses of running my bakery. The rewards program has allowed me to reinvest in my business, from purchasing office supplies to funding marketing campaigns.” | Office supplies, advertising, business expenses |
| Jessica Chen, Founder of Acme Office Solutions | “The Ink Business Preferred card has been a game-changer for my small business. The rewards program has allowed me to offset the costs of critical business expenses, freeing up capital to invest in new opportunities and initiatives. I highly recommend this card to any entrepreneur looking to maximize their rewards and streamline their operations.” | Business expenses, new initiatives, growth |
These success stories show how the Ink Business Preferred card helps small business owners. It makes operations smoother and helps grow the business through smart rewards use. By using the card’s features, entrepreneurs can open up new possibilities for their companies and reach their goals more easily.
Conclusion: Is the Ink Business Preferred Card Right for You?
When you think about your business needs and goals, the Ink Business Preferred Card might be just what you need. It offers a great welcome bonus, high earnings in important spending areas, and useful travel perks. This card can boost your rewards and open up new chances for your business to grow.
Evaluating Your Business Needs
Think about what your business really needs and spends money on. If you often pay for travel, ads, shipping, or phone bills, this card’s 3X points can really help. It also comes with strong travel and purchase protection, giving you peace of mind while running your business.
Final Thoughts on Reward Maximization
Using the Ink Business Preferred Card to its fullest can unlock the Chase Ultimate Rewards program’s full potential. You can use your points for travel, cash back, or a mix of both. This card can help you achieve your business goals and improve your rewards strategy.
FAQ
What is the Ink Business Preferred Card?
The Ink Business Preferred Card is a top business credit card from Chase. It has a great rewards program, travel perks, and tools for managing expenses.
What are the key features of the Ink Business Preferred Card?
It offers a sign-up bonus and 3X points on certain business categories. You also get no foreign transaction fees and access to the Chase Ultimate Rewards program.
What are the eligibility requirements for the Ink Business Preferred Card?
You need a small business or be self-employed to get the card. This includes sole proprietorships, partnerships, and corporations. You must also have a good credit score and meet Chase’s credit requirements.
What types of purchases earn 3X points with the Ink Business Preferred Card?
You earn 3X points on the first $150,000 spent annually on travel, shipping, internet, cable, phone services, and advertising. This includes purchases made with social media and search engines.
How can I redeem the points I earn with the Ink Business Preferred Card?
You can redeem points for travel through the Chase Ultimate Rewards portal, where they are worth 25% more. You can also get cash back, gift cards, or transfer points to airline and hotel partners for more value.
What travel benefits does the Ink Business Preferred Card offer?
The card offers comprehensive travel insurance, including trip cancellation and interruption coverage. It also has no foreign transaction fees for international trips.
How can the Ink Business Preferred Card help me manage my business expenses?
The card provides detailed expense reporting and integrates with popular accounting software. This makes it easier to track and categorize your business spending.
What additional perks come with the Ink Business Preferred Card?
The card offers rewards and travel benefits, plus the ability to issue employee cards. You also get access to exclusive events and experiences, and purchase protection and extended warranty coverage.
How does the Ink Business Preferred Card compare to other business credit cards?
Compared to the Chase Ink Business Cash Card, the Preferred version has higher earning rates and more valuable travel redemptions. It also beats many competitors in rewards, benefits, and value for business owners.
How can I maximize my rewards with the Ink Business Preferred Card?
To maximize rewards, focus on bonus categories and optimize your business expenses. This way, you can earn the most points possible.
What should I do if I exceed my credit limit on the Ink Business Preferred Card?
If you exceed your credit limit, contact Chase customer support for help. They can assist you in managing your account and staying within your credit limit.