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Chase Ink Business Preferred Review

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Date Established
New York City, New York


Ink Business Preferred is Chase’s flagship business credit card. Introduced in 2016, Ink Business Preferred replaced Ink Plus, another popular, now discontinued, business credit card from Chase. This is one of the most popular business cards around and is recommended by many experts. After taking a look for ourselves, doing the math, and comparing it to the competition, we have concluded that Chase Ink Business Preferred lives up to its reputation.

If you own the right type of business, this card might be a good choice for you. Ink Preferred offers three points per $1 spent on common business expenses such as travel, shipping, and internet, cable, and phone purchases. Points can be redeemed for cash back, travel, or even transferred to other travel rewards programs.

Should you apply for an Ink Business Preferred credit card from Chase? Read on for more details and to see how it compares to other business credit cards.


Ink Business Preferred At A Glance

Chase Ink Business Preferred

Apply Now 

Annual Fee:



Purchase APR:

18.24% - 23.24%, Variable

  • Annual Fee: $95
  • Bonus Offer: 80,000 points (if you spend at least $5,000 within the first three months of opening your account)
  • Purchase APR: 18.24% – 23.24%, Variable
  • Introductory Purchase APR: None
  • Introductory Balance Transfer APR: None
  • Rewards:
    • 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet/cable/phone services, and advertising purchases made with social media and search engines each account anniversary year
    • 1 point per $1 on all other purchases
  • Notable Perks & Benefits: 
    • Points are worth 25% more if redeemed for travel via Chase Ultimate Rewards
    • Points can be transferred to other travel programs on a 1:1 point basis
    • Points do not expire while your account is open
    • No foreign transaction fees
    • Employee cards at no additional cost
    • Cell phone protection


Applicants typically must have good to excellent credit in order to be approved for Ink Business Preferred.

Rewards & Fees

  • The annual fee is $95, so you’ll have to earn at least 9,500 points each year to offset that cost. That said, if you earn the signup bonus you’ll already be saving money, despite the annual fee.
  • The bonus offer is generally worth about $800 (depending on how you choose to redeem your rewards), but it is worth $1,000 if redeemed for travel via Chase Ultimate Rewards.
  • Businesses can earn up to 450,000 points before maxing out the 3x point category — a value of $4,500 cash back or $5,625 if redeemed for travel via Chase Ultimate Rewards. All other purchases are worth one point. Points are generally worth $0.01, or $0.0125 if redeemed for travel via Chase Ultimate Rewards.

Chase charges an annual fee of $95 for Ink Business Preferred, and it does not waive the fee the first year. While the annual fee is somewhat pricey, it’s comparable to or better than what you’d get from many similar credit cards. To negate the cost of the fee, you have to earn at least 9,500 points each year.

That said, business owners who spend at least $5,000 during the first three months after opening an account already come out ahead: Chase offers a bonus offer of 80,000 points. At a value of about $800 (or $1,000 if redeemed through Chase Ultimate Rewards), that’s one of the highest bonus offers available on the market right now.


Cardholders earn three points per $1 spent in four categories combined: travel, shipping, internet/cable/phone services, and advertising on social media and search engines. If you don’t spend much money in those categories, this probably isn’t the card for you. However, if you do have a lot of expenses in these categories, this card is worth thinking about. Note that the 3x point category caps off at $150,000 per account anniversary year.

Ink Business Preferred is especially worth considering if you do a lot of travel — on top of the fact that cardholders earn three points per $1 spent on travel, points are worth 25% more than usual if they are redeemed for travel via Chase Ultimate Rewards. Additionally, points can be transferred to some other travel rewards programs on a 1:1 point basis, including programs such as United MileagePlus and Marriott Rewards.

Apply Now for Chase Ink Business Preferred

Redeeming Rewards

Rewards points earned on your Ink Business Plus card are redeemable via Chase Ultimate Rewards. Points can be redeemed for cash back, travel, or other rewards, and are usually worth $0.01 each, though they might be worth more or less depending on how you choose to redeem your rewards. If you choose to redeem rewards for travel via Chase Ultimate Rewards, they are worth 25% more than the standard, at $0.0125 each.

Chase also offers the option to transfer points to other travel rewards programs, such as Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, and Marriott Rewards.


Aside from earning rewards points, Ink Business Preferred cardholders have access to many other perks, including travel and shopping benefits. This card also comes with one fairly uncommon benefit: cell phone protection.

These travel benefits are available to Ink Preferred cardholders:

  • Auto rental damage collision waivers
  • Trip cancellation/trip interruption insurance
  • Lost luggage insurance
  • Trip delay reimbursement
  • Baggage delay insurance
  • Travel accident insurance
  • Travel and emergency assistance services
  • Roadside dispatch

Additionally, this card has no foreign transaction fees. 

Shopping benefits include:

  • Purchase protection
  • Extended warranty protection
  • Price protection
  • Return protection

While most business credit cards come with a few of the perks above, Ink Business Preferred cards offer most standard travel and shopping benefits. Additionally, as I mentioned above, the card comes with cell phone protection, a bonus that is rarely offered by business credit cards. If you, your family, or your employees lose or damage a cell phone, Chase will pay up to $600 (after a $100 deductible) to replace the phone. This benefit can be used three times per year.

Once your account is open, Chase will send you a full guide to benefits, which explains all your benefits and how to use them.

Chase Ink Business Preferred

Apply Now 

Annual Fee:



Purchase APR:

18.24% - 23.24%, Variable

Final Verdict

All in all, Ink Preferred is one of the most versatile business credit cards currently on the market. Its rewards program is excellent, whether you’re using it for traveling or for simply earning points for cash back or other rewards.

As stated above, this card is not the best choice for large or small business owners who don’t spend much on travel, shipping, or internet advertising. If you spend the majority of your money elsewhere, such as on gas or restaurants, there are other cards available that will be easier for you to earn rewards points.

However, for businesses that do spend a lot of money on the categories covered by Ink Business Preferred, this card can offer valuable rewards. On top of the unusually high signup bonus, points can be redeemed in a variety of different ways or transferred to multiple other programs, so diligent business owners will be able to save a significant amount of money by using Chase Ink Preferred over other business credit card options.

The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

Bianca Crouse

Bianca Crouse

Bianca Crouse has been writing about business loans and finance for three years. In addition to Merchant Maverick, she has appeared in Startup Nation and, among others. She has a BA in English from George Fox University and lives in the Pacific Northwest.
Bianca Crouse
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