Chase Ink Business Preferred card review: Full details

Editor’s notice: It is a recurring put up, often up to date with new data and presents.

The Ink Business Preferred® Credit Card is a superb all-around enterprise bank card, providing a large sign-up bonus and the power to earn precious Final Rewards factors on a wide range of enterprise bills. These rewards can then be transferred to 14 airline and resort companions or redeemed straight for journey at a fee of 1.25 cents per level by Chase Travel℠. Card score*: ⭐⭐⭐⭐½

*Card rating is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

The Ink Business Preferred Credit Card is a TPG favourite.

Though there are various strong business credit cards accessible, the Ink Enterprise Most well-liked has distinctive perks that make it engaging for enterprise house owners trying to maximize their incomes potential and unlock precious rewards by the Ultimate Rewards program.

The cardboard has a $95 annual price, making it very attainable for many. For the very best possibilities of approval, you may need a credit score of not less than 670.

Let’s take a better have a look at the Ink Enterprise Most well-liked so you’ll be able to determine if it is a good match for your online business.

If accredited for the Ink Business Preferred, you may be eligible to earn a sign-up bonus of 90,000 Final Rewards factors after spending $8,000 within the first three months from account opening. This is not fairly the highest sign-up bonus we’ve seen on this card, however it meets our standards of when to use.

Based mostly on TPG’s January 2025 valuations, the bonus factors alone are value a whopping $1,845. That is primarily as a result of the factors may be transferred to numerous journey companions, together with British Airways, United Airlines and Hyatt.

To unlock the welcome supply, you may must spend a median of $2,667 monthly within the first three months. For a lot of small companies, this stage of spending could also be a non-issue. Moreover, small companies with a number of staff can request limitless free worker playing cards to assist meet the spending requirement.

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Nonetheless, freelancers or those that need a enterprise bank card to earn rewards on bills associated to a aspect gig could not have the ability to realistically hit the bonus. And you do not need to violate TPG’s sixth commandment for bank cards: Thou shalt not miss out on a sign-up bonus.

Associated: Who is eligible for the Chase Ink Business Preferred card?

• Cellphone protection: In case you’re liable to damaging your cellphone, the Ink Business Preferred might be a fantastic card to have. Whenever you cost your month-to-month cellphone invoice to the cardboard, you and eligible staff on the plan can obtain as much as $1,000 per declare for harm or theft of cellphones. You are restricted to 3 claims in a 12-month interval and should pay a $100 deductible per declare. However, it is a terrific profit that’s comparatively uncommon amongst bank cards.
• Purchase protection: Moreover cellphone safety, you are lined for different purchases. If an eligible merchandise is broken or stolen inside the first 120 days after buy, you are lined as much as $10,000 per declare ($50,000 per account). I’ve happily by no means had to make use of this sort of perk, however it may be a lifesaver if one thing goes improper with that new buy.
• Trip cancellation/interruption insurance: In case you should cancel or reduce a visit brief due to a lined situation (corresponding to sickness or extreme climate), you are eligible for as much as $5,000 of protection per particular person for pay as you go, nonrefundable journey bills, which gives nice peace of thoughts when sudden issues come up.
• Trip delay reimbursement: If a lined journey is delayed by a lined hazard for 12 or extra hours — or lengthy sufficient to require an in a single day keep — you may be eligible for reimbursement, as much as $500 per ticket in affordable bills. This will prevent in conditions like poor climate, the place the airline typically will not present any compensation. Notice that you just solely must cost a part of your common-carrier fare to the cardboard to make use of this profit, so you may be covered on award tickets in the event you put the taxes and charges on the cardboard.
• Primary car rental coverage: Renting a automotive generally is a dangerous (and costly) proposition, however in the event you use the Ink Enterprise Most well-liked card for the whole rental value and are touring for enterprise functions, you are lined for theft and harm within the U.S. and most nations around the globe. Keep in mind that this does not supply any legal responsibility protection, however you’re lined as much as the precise money worth of the automobile you are renting.
• Extended warranty protection: Purchases with a U.S. producer’s guarantee of three years or much less will get protection for an additional 12 months. This may be extraordinarily useful when an merchandise stops working shortly after its scheduled guarantee ends.

The Ink Enterprise Most well-liked additionally presents varied enterprise instruments, together with account insights, bookkeeping integration and account alerts. Probably the most precious advantage of this card remains to be in all probability cellphone safety. Not many playing cards supply this perk, and contemplating the Ink Enterprise Most well-liked additionally presents 3 factors per greenback on cellphone companies, it is a win-win.

The Ink Enterprise Most well-liked does not supply a lot in the way in which of journey credit, lounge entry, or different luxurious advantages that opponents have, corresponding to the Business Platinum Card® from American Express with its $695 annual price (see rates and fees). Nonetheless, for less than a $95 annual price, this card presents lots of worth to cardholders.

Associated: Is the Ink Business Preferred worth the annual fee?

In terms of incomes factors, the Ink Business Preferred presents a wide range of bonus classes that may be fairly profitable to small-business house owners. You will earn 3 Final Rewards factors per greenback on the primary $150,000 spent in mixed purchases every year within the following classes:

• Journey
• Transport purchases
• Web, cable and cellphone companies
• Promoting purchases made with social media websites and engines like google

This $150,000 threshold is predicated in your account anniversary 12 months, so it should reset every year whenever you renew your card. Since TPG’s January 2025 valuations peg the worth of Chase Ultimate Rewards points at 2.05 cents apiece, you may get a incredible return of 6.15% on purchases in these classes. And in the event you max out these classes by spending the complete $150,000, you may take dwelling a complete of 450,000 Final Rewards factors, which TPG’s January 2025 values peg at $9,225.

As soon as you’ve got surpassed that mark, your purchases within the aforementioned classes will drop to match the incomes fee of all different purchases: 1 level per greenback spent. Although that is not too thrilling, you are still over a 2% return, which is not dangerous for a card with a $95 annual fee.

One TPG reader introduced particular consideration to only what number of factors they might earn with the Ink Enterprise Most well-liked:

“A number of factors for the most important journey decisions.” – Karey Ok by way of a TPG e-newsletter survey

Notice: Reader-submitted responses haven’t been edited, reviewed or accredited by the issuers nor replicate TPG’s opinions of those playing cards.

Associated: Is the Ink Business Preferred worth the annual fee?

Incomes a giant haul of factors is one factor; redeeming them for max worth is a wholly totally different story. Like most playing cards that earn transferable factors, you get essentially the most worth whenever you redeem your Ink Business Preferred rewards for journey by transferring them to any of Chase’s 14 resort and airline companions or reserving journey straight by Chase Journey.

You possibly can redeem these factors at a set fee of 1.25 cents apiece for journey purchases like flights, resorts and rental automobiles that you just book through Chase Travel. Or, if in case you have the Chase Sapphire Reserve®, you might switch your factors to that card and redeem them at a set fee of 1.5 cents apiece towards journey.

Although you may get lower than TPG’s January 2025 2.05-cent valuation of Final Rewards factors with this redemption choice, it is easy and does not require a lot effort. Keep in mind that whenever you redeem Final Rewards factors straight for airfare, you’ll earn full miles and elite credit score, simply as you’d on an everyday paid ticket. Nonetheless, that is typically not the case with resort bookings.

Associated: Should you book directly or through a portal?

You even have the choice to switch your factors to any of Chase’s 14 resort and airline companions. You will doubtless get essentially the most worth out of your factors by going this route, because of robust switch companions like Air France-KLM Flying Blue, United MileagePlus and World of Hyatt.

As well as, most of those transfers post instantly, guaranteeing you will not have to attend for the factors or miles to reach and miss out on the redemption you need.

TPG bank cards editor Emily Thompson prefers to maximise her Final Rewards factors by transferring them to Southwest Rapid Rewards to make the most of their flash gross sales to get nice worth on home flights.

No matter which associate you select, the ability of the Final Rewards program (and actually any transferable point currency) is the pliability it permits. You are not locked right into a single airline or resort rewards program, and you’ll wait till you are able to guide to switch factors. In some circumstances, you’ll be able to even pit applications in opposition to each other.

Associated: Maximizing the Chase Ultimate Rewards program

With a low annual price, precious factors, profitable incomes charges and strong advantages, the Ink Business Preferred is a good choice for a lot of small companies. Nonetheless, there are a couple of different choices that might be a greater match to your firm:

• If you would like extra customizable bonuses: The American Express® Business Gold Card carries a better annual price of $375 (see rates and fees), however you may earn 4 factors per greenback spent in your highest two spending classes every billing cycle (on the primary $150,000 in mixed purchases every calendar 12 months, then 1 level per greenback after). If you cannot maximize the Ink Enterprise Most well-liked’s classes or your spending varies from month to month, this can be a greater choice. For extra data, learn our full review of the Amex Business Gold.
• In case you do not need to fear about bonus classes: The Capital One Spark Miles for Business card presents not less than 2 miles per greenback spent on all purchases, and the $95 annual price is even waived for the primary 12 months (see rates and fees). You continue to have entry to transfer partners through Capital One, although you may sacrifice extra perks. For extra data, learn our full review of the Capital One Spark Miles card.
• If you don’t need an annual price: The Ink Business Unlimited® Credit Card earns 1.5% again on each buy at no annual price, plus fundamental perks like buy safety and the choice so as to add worker playing cards at no extra value. For extra data, learn our full review of the Ink Business Unlimited.

For added choices, take a look at our information to the best business credit cards.

Associated: Ink Business Preferred vs. Capital One Spark Miles for Business

In case you’re simply beginning out, I would extremely suggest beginning with this card, particularly in the event you can pair it with different playing cards, such because the Chase Sapphire Reserve and Chase Freedom Unlimited®, to maximise your rewards throughout much more purchases.

Apply right here: Ink Business Preferred Credit Card

For charges and charges of the Amex Enterprise Platinum, click on here.
For charges and charges of the Amex Enterprise Gold, click on here.

Associated: How to meet minimum spending on the Ink Business Preferred