The Chase Ink Preferred Card is a great tool for this. It offers lots of rewards and travel perks to make your business better and your work trips easier.
This top business credit card rewards you for the everyday costs of running your business. You earn points on things like office supplies, internet, travel, and dining. Plus, it has a big sign-up bonus and travel features that make your work trips better and more fun.
Key Takeaways:
- Earn 3X points on the first $150,000 spent annually in key business categories
- Enjoy a generous sign-up bonus of 100,000 points after meeting the minimum spending requirement
- Redeem your points for valuable travel rewards, including flights, hotel stays, and more
- Benefit from a suite of travel protections and insurances to safeguard your professional trips
- Annual fee of $95 that can be offset by the card’s valuable perks and rewards
Overview of the Chase Ink Preferred Card
The Chase Ink Preferred Card is a top choice for business owners. It offers great travel perks and lets you earn business rewards on key expenses. It’s perfect for entrepreneurs and small business owners looking to improve their financial strategy.
What Makes This Card Stand Out?
This card shines with its amazing travel benefits and focus on business. You can earn up to 3 points per dollar in important business areas like travel and advertising. It’s great for companies with lots of employee cards and regular expenses.
Who Is It Best For?
It’s perfect for businesses that travel a lot or spend a lot on marketing. Entrepreneurs and small business owners will love earning points for future trips and rewards.
Key Features to Consider
- Earn 3 points per $1 spent on travel, advertising, internet, cable, and phone services
- Receive 25% more value when redeeming points for travel through Chase Ultimate Rewards
- Enjoy premium travel protections, including trip cancellation/interruption insurance and primary car rental coverage
- No foreign transaction fees, making it a great choice for international business travel
The Chase Ink Preferred Card is a top pick for businesses wanting a versatile card. It maximizes travel perks and business rewards. Its features and earning structure are great for companies with big expenses in key areas.
Earning Rewards with the Chase Ink Preferred Card
The Chase Ink Preferred Card has a great rewards program. It lets you earn points on your business spending. Knowing how points work and the bonus categories can help you get the most out of this card.
How Do Points Accumulate?
With the Chase Ink Preferred Card, you earn 3 points per $1 spent in certain categories:
- Travel
- Shipping purchases
- Internet, cable, and phone services
- Advertising purchases made with social media sites and search engines
For other purchases, you get 1 point per $1 spent. There’s no cap on points, and they never expire if your account stays open.
Bonus Categories Explained
The Chase Ink Preferred Card’s bonus categories match common business expenses. This makes it easy to earn business rewards on your daily spending limits. By spending in these categories, you can quickly earn a lot of points. These points can be used for travel, cash back, or other great rewards.
| Bonus Category | Earn Rate |
|---|---|
| Travel | 3 points per $1 spent |
| Shipping | 3 points per $1 spent |
| Internet, cable, and phone services | 3 points per $1 spent |
| Advertising purchases on social media and search engines | 3 points per $1 spent |
| All other eligible purchases | 1 point per $1 spent |
Redemption Options for Your Points
As a savvy business owner, you’ll find many redemption choices with your Chase Ink Preferred Card. You can choose from travel perks or cash back. This card helps you get the most out of your business rewards.
Travel Benefits and Partnerships
Redeem your points for travel expenses like airfare and hotel stays through the Chase Ultimate Rewards portal. The card also has partnerships with top airlines and hotels. This lets you transfer points for more redemption power.
Cash Back vs. Travel Rewards
For cash back, the Chase Ink Preferred Card is easy to use. You can get a statement credit or direct deposit. But, travel rewards might offer more value, especially through the Chase Ultimate Rewards portal or partner loyalty programs.
Best Practices for Maximizing Points
- Match your spending with the card’s bonus categories to earn more points per dollar.
- Use the card’s travel benefits like trip cancellation insurance to save money and feel secure.
- Check out the Chase Ultimate Rewards portal and partner transfer options for the best redemption deals.
| Redemption Option | Value per Point | Pros | Cons |
|---|---|---|---|
| Travel Rewards | 1.25 to 1.5 cents | Greater redemption value, flexibility to book travel | Requires planning and research to maximize |
| Cash Back | 1 cent | Simple, straightforward redemption | Lower redemption value compared to travel rewards |
Knowing all the redemption options and best practices for your Chase Ink Preferred Card can unlock your business rewards potential. This way, you can get the most value from your spending.
Annual Fees and Other Costs
When looking at a business credit card like the Chase Ink Preferred, it’s key to know the annual fee and other costs. This card has a $95 annual fee. At first, this might seem high. But, the business rewards and travel perks it offers can make it worth it for many small business owners.
Is the Fee Worth the Benefits?
The $95 annual fee for the Chase Ink Preferred card is lower than many other premium cards. Cardholders get a big sign-up bonus, high spending limits on key business categories, and travel perks. These benefits can save money on future trips, making the fee worthwhile.
Foreign Transaction Fees
With the Chase Ink Preferred, you don’t have to worry about foreign transaction fees. This card doesn’t charge extra for purchases made outside the U.S. It’s perfect for business owners who travel a lot internationally. This can save a lot of money, especially for those with a lot of business rewards spending abroad.
| Annual Fee | Foreign Transaction Fees |
|---|---|
| $95 | $0 |
In summary, the Chase Ink Preferred’s annual fee is fair for its benefits. By understanding the costs and comparing them to the rewards, small business owners can decide if this card fits their spending limits and needs.
Travel Insurance and Protection Features
Running a business means you’re always on the move. The Chase Ink Preferred Card offers top-notch travel insurance and protection. It keeps your business rewards and travel perks safe while you’re away.
Trip Cancellation Insurance
The Chase Ink Preferred Card has amazing trip cancellation insurance. It covers your pre-paid travel costs if your trip gets canceled or cut short. This could be due to illness, bad weather, or a family emergency. It’s a big help for business owners who have to change or cancel plans at the last minute.
Car Rental Insurance Overview
Use your Chase Ink Preferred Card for a rental car, and you can skip the rental company’s insurance. The card’s car rental insurance covers damage or theft, plus any fees. It saves you money and stress.
Purchase Protection Benefits
- The card also has purchase protection. It covers items damaged or stolen within 120 days of buying. This is great for business owners who buy a lot for their work.
- Plus, it extends the warranty on eligible purchases by a year. This protects your business investments and ensures you get the best value from your buys.
With the Chase Ink Preferred Card’s travel perks and business rewards, you can grow your business worry-free. You’ll have the confidence that comes with solid insurance and protection.
Comparing the Chase Ink Preferred to Other Business Cards
The Chase Ink Preferred is known for its business rewards and travel perks. But how does it compare to other business credit cards?
Similar Card Options
The American Express Blue Business Plus and the Ink Business Cash are similar to the Ink Preferred. They all offer rewards on business spending. But the Ink Preferred gives the most points.
The Ink Preferred also excels in travel benefits. It offers more value for travel points and includes trip cancellation insurance and primary rental car coverage.
Unique Advantages of the Ink Preferred
- Earns 3x points on the first $150,000 spent in select business categories annually
- Provides a 25% bonus when redeeming points for travel through Chase Ultimate Rewards
- Includes cell phone protection and extended warranty coverage for business purchases
“The Chase Ink Preferred is an excellent choice for business owners who want to maximize rewards on their spending and enjoy valuable travel benefits.”
| Feature | Chase Ink Preferred | American Express Blue Business Plus | Ink Business Cash |
|---|---|---|---|
| Annual Fee | $95 | $0 | $0 |
| Rewards Rate | 3x on first $150,000 in select categories | 2x on first $50,000 in purchases | 5x on first $25,000 in select categories |
| Travel Benefits | 25% bonus on travel redemptions | None | None |
| Cell Phone Protection | Yes | No | No |
The Chase Ink Preferred is a top pick for business owners. It offers great rewards and travel perks. Its unique features make it stand out from other business credit cards.
User Experience: Reviews and Testimonials
The Chase Ink Preferred card has gotten a lot of feedback. People love its business features but sometimes face issues. This mix of opinions helps those thinking about getting the card.
What Users Are Saying
Many business owners love the Chase Ink Preferred card. They say it offers great value. One person said, “The bonus categories on this card are a game-changer for my business. I’m able to earn business rewards at a rate that far surpasses other cards I’ve used.”
Another user likes how flexible the card is. They said, “The flexibility to redeem my points for travel or cash back has been incredibly useful for managing my employee cards and business expenses.”
Pros and Cons Based on Feedback
| Pros | Cons |
|---|---|
| Generous bonus categories for business rewards | Annual fee of $95 |
| Valuable travel benefits and partnerships | Occasional issues with customer service |
| Flexibility in redeeming points | Stricter eligibility requirements for employee cards |
| Comprehensive purchase and travel protections | – |
Even though some users mention downsides like the annual fee and customer service issues, many benefits outweigh these. The card’s business rewards program, travel perks, and flexible points use are big pluses for most.
How to Apply for the Chase Ink Preferred Card
Applying for the Chase Ink Preferred card is easy. It can give you great business rewards and a big signup bonus. First, know what you need to apply and how to do it.
Eligibility Requirements
To get the Chase Ink Preferred card, you must:
- Have a valid business, like a sole proprietorship or corporation
- Have a good to excellent credit score, usually 700 or higher
- Be able to share your business’s financial details, like income and expenses
- Be a U.S. resident and at least 18 years old
Application Process Steps
After checking if you qualify, here’s how to apply:
- Go to the Chase Ink Preferred card page and click “Apply Now”
- Give your personal info, like name, address, and Social Security number
- Share your business details, such as its name, industry, and yearly income
- Read and agree to the card’s terms and conditions
- Submit your application and wait a few business days for a decision
The signup bonus and business rewards from the Chase Ink Preferred card are worth it. Make sure you meet the requirements and apply carefully.
Frequently Asked Questions
As you explore the Chase Ink Preferred Card, you might have some questions. Let’s tackle some of the most common ones about this business credit card.
Common Concerns Addressed
Many people wonder if you can add employee cards to the Ink Preferred. The answer is yes, which is great for your team. They can enjoy the card’s employee cards and rewards. Just remember, any spending limits you set will apply to the whole account.
Another question is about how applying for the card affects your credit score. The Ink Preferred does require a hard credit pull, which can lower your score temporarily. But, many find the card’s rewards and perks make up for this short-term drop.
Tips for New Cardholders
- Maximize the card’s bonus categories to earn 3X points on select business purchases.
- Take advantage of the valuable travel protections, such as trip cancellation/interruption insurance and primary rental car coverage.
- Explore the Ink Preferred’s extensive list of airline and hotel transfer partners to get the most value from your rewards.
By understanding the card’s features and benefits, new Ink Preferred cardholders can confidently navigate the program. They can unlock its full potential for their business.
“The Chase Ink Preferred Card has been a game-changer for my business. The generous rewards and travel perks have made it a valuable addition to my wallet.”
– John Doe, Small Business Owner
Conclusion: Is the Chase Ink Preferred Right for You?
The Chase Ink Preferred Card is a top choice for business credit cards. It offers great rewards and travel perks. You can earn 3x points on travel, shipping, and internet services, which helps you earn more.
With the Chase Ultimate Rewards program, you can use your points for amazing travel experiences. This makes the Ink Preferred Card a flexible choice for many business owners.
Final Thoughts on Choosing a Business Card
Whether the Chase Ink Preferred is right for you depends on your business needs. If you travel a lot or spend on shipping and advertising, this card is a great choice. But, if your spending is different, another card might be better.
Encouragement to Explore Other Options
It’s important to think about what your business needs and compare different cards. For example, check out the Chase Ink Preferred vs. Chase Sapphire. By doing your research, you can find the best card for your company.
FAQ
What are the key features of the Chase Ink Preferred Card?
The Chase Ink Preferred Card offers a great rewards program. You earn 3X points on travel, shipping, and internet services. It also gives you points on advertising purchases and a sign-up bonus.
It has travel benefits like trip insurance and car rental coverage. These benefits make it a top choice for business owners.
Who is the Chase Ink Preferred Card best suited for?
It’s perfect for business owners who spend a lot on travel and advertising. It’s great for those who want to earn points quickly. It’s especially good for travel rewards.
How can I earn rewards with the Chase Ink Preferred Card?
You earn 3X points on travel, shipping, and internet services. You also get points on advertising purchases. All other spending earns 1X point per dollar.
What are the redemption options for the Chase Ink Preferred points?
You can use your points for travel through the Chase Ultimate Rewards portal. Your points are worth 25% more there. You can also transfer points to airline and hotel partners for more value.
What are the costs associated with the Chase Ink Preferred Card?
The card has a $95 annual fee. But, its benefits and rewards can make it worth it. It’s especially good if you use the bonus categories and travel perks. There are no foreign transaction fees.
What travel insurance and protection benefits does the Chase Ink Preferred Card offer?
The card offers great travel insurance and protection. This includes trip cancellation insurance and car rental coverage. It also has purchase protection and extended warranty coverage.
How does the Chase Ink Preferred Card compare to other business credit cards?
The Chase Ink Preferred Card has higher earning rates and more travel benefits. It also lets you transfer points for more value. It’s a top choice among business credit cards.
What are some common user reviews and feedback for the Chase Ink Preferred Card?
Users love its rewards program and travel benefits. They find it easy to redeem points. Some mention the high annual fee, but most think it’s worth it for frequent travelers.
What are the eligibility requirements for the Chase Ink Preferred Card?
You need a valid business to apply. This includes sole proprietorships and corporations. You must also meet Chase’s credit requirements, like a good credit score.
What are some common concerns and tips for new Chase Ink Preferred Cardholders?
New cardholders might wonder about employee cards and spending limits. It’s key to understand the card’s features and benefits. This includes adding employee cards and spending in bonus categories to earn more points.