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Ink Business Preferred® Credit Card

Credit needed
Excellent, Good
APR
Variable: 15.99%-20.99%
Annual Fee
$95

Card Summary

For $95 annually, the Ink Business Preferred Credit Card offers business owners many benefits as well as a flexible credit card rewards program. Cardholders who spend business expenses can earn triple points and get $1250 cash back or travel reimbursement through Chase Ultimate Rewards.

The benefits include roadside assistance and trip cancellation insurance. You also get extended warranty protection and purchase protection up to $10,000 for each claim.

You and your employees will also get $600 worth of cellphone protection when you use this card to pay your phone bill.

Ink Business Preferred Credit Card Review:

This card has an annual fee. However, business owners who are willing to spend large amounts in bonus categories or who want to benefit from the flexibility of points and cellphone protection might find this card a great fit.

The pros:

Purchases up to 3 points. Cardholders who are new to the card will receive a generous introductory bonus.

Chase points can be used to book travel via Chase and offer 25% greater value than cash.

Cardholders can transfer points to their travel partners.

Card Summary - Cons

Annual fee: A potential high annual percentage rate Caps bonus rewards.

It's great for:

Cardholders who have a high spending habit in bonus areas.
Traveling executives.
Annual fees are not a problem for cardholders.

This is not the place for:

Principals who would prefer to receive cash back.
People who do not spend much in card bonus categories.
Users who are not afraid of paying fees for credit cards.

Rates and fees

Issuer Name
Chase
Penalty APR
Maximum 29.99%
Credit Needed
Excellent, Good
Balance Transfer Fee
The transfer amount must be either $5 or 5%, depending on which is higher.
Annual Fee
$95
Cash Advance Fee
The amount for each transaction is either $15 or 5%, depending on which one you prefer.
APR
Variable: 15.99%-20.99%
Foreign Transaction Fee
$0
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The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $15,000 in your first three months of account opening, earn 100k bonus point. Chase Ultimate Rewards will give you $1,000 cash back and $1,250 towards travel.

Each year, earn 3 points for every $1 spent on travel or select business categories. All other purchases earn 1 point Fraud Protection will monitor your transactions for suspicious activity. This is done using real-time fraud monitoring.

You won't have to pay any unauthorized charges for your account or card information. Zero liability You can redeem points to get cash back or gift cards. Chase Ultimate Rewards allows you to redeem points for travel.

Purchase protection covers new purchases up to $50,000 and $10,000 each claim for damage.

Benefits

Comparative Analysis with Other Cards

What is the Ink Business Prepaid Credit Card's Comparability to Other Popular Credit Cards.

Ink Business Preferred Credit Card and the Ink Business Cash Credit card:

Both of these Chase Ink cards are great for business. However, it is up to you which card you choose.

Annual Fee: Ink Business Preferred Credit Card charges $95 annually, while Ink Business Cash Credit Card does not charge an annual fee.

Reward: For the first $150,000 in annual purchases of shipping, travel, internet and cable services as well as advertising purchased with search engines and social media sites, Ink Business Preferred Credit Card earns 3 points per dollar. After that, it earns an unlimited 1 point per dollar Ink Business Cash Credit Card gives you cash back, not points. The card earns cash back of 5% on purchases made at office supply shops and internet, cable, and telephone services. It also receives cash back of 2% on purchases made at restaurants and gas stations.

Sign up bonus: Ink Business Cash Credit Card holders are eligible for 100,000 bonus points. This is $1,000 cash back and $1,250 towards Chase Ultimate Rewards travel rewards.

After spending $7500 in three months, Ink Business Cash Card card holders will earn $750 cash back.

Benefits: The benefits of both cards include an auto rental collision damage waiver and roadside dispatch. They also offer purchase protection, extended warranty protection, and protection against theft.

Ink Business Preferred Credit Card offers additional benefits than Ink Business Cash Credit Card: phone protection and trip cancellation or interruption insurance.

Ink Business Preferred Credit Card vs. American Express Business Platinum Card:

These business credit cards can earn you points on purchases. When deciding whether to apply for one of these cards, potential cardholders need to consider their spending habits and the annual fees.

Annual Fee: For the Ink Business Preferred Credit Card, there is a $95, and for The Business Platinum Card of American Express, $595 (or $695 if you apply after 1/1/2022).

Reward: For the first $150,000 in annual purchases of shipping, travel, internet and cable services as well as advertising purchased with search engines and social media sites, Ink Business Preferred Credit Card earns 3 points per dollar. After that, it earns an unlimited 1 point per dollar American Express' Business Platinum Card earns you five points for every dollar spent on flights or prepaid hotels through AmExTravel.com. You can also get 1.5 points per $1 on qualified purchases within key business categories. There is a cap. You can earn one point for every dollar spent on eligible products.

Sign-up bonus: Ink Business Platinum Credit Card Holders can receive 100,000 bonus points for signing up after they spend $15,000 in the first three months. American Express Cardholders with the Business Platinum Card can get 120,000 Membership Rewards, if they spend $15,000 for eligible purchases within their first three months.

Benefits: The cards offer trip cancellation and interruption insurance as well as cellphone protection, an extended warranty and purchase protection.

Additional benefits include a fee credit to Global Entry and TSA Pre Check as well access to American Express Global Lounge Collection. Additionally, the Business Platinum Card of American Express offers up to $200 annually in airline fee credits.

The Ink Business Preferred credit card:

How to earn rewards?

The card offers triple rewards for bonus categories and could prove to be an attractive option for those who have a large business. For larger companies that spend more than $150,000, the bonus reward cap may be a problem. Remember that your reward's value can be affected by the annual fee of the card and interest charges.

You can earn 100k bonus points as a new card holder by spending $15,000 within the first three months of account opening. Chase Ultimate Rewards will give you $1,250 towards travel or $1,000 cash back.

The Ink Business Preferred Card Credit Card:

How To Redeem Rewards?

Chase Ultimate Rewards U.S. News Research Your points can be used to shop on Amazon.com. However, they are only worth 0.8% each when redeemable that way.

How much is the Ink Business Preferred credit card?

Annual Fee: $95 for the Ink Business Preferred credit card. There is no foreign transaction fee for this card.

Balance transfer fee: Ink Business Preferred Credit Card charges a $5 per transfer or 5% for each.

Cash advance fee: The card charges a $15 cash advance fee or 5% for each transaction.

Late payment fees: Ink Business Preferred credit card has a late payment fee of $40.

Return payment fee: The card comes with a $40 fee for returning payment.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Do You Need the Ink Business Preferred Card Credit Card?

You can spend a lot of money in the bonus sections. I like the concept of maximizing rewards value by partnering with transfer partners. You don't have to pay an annual fee.

Questions about the Ink Business Prefer Credit Card

What is a Chase Ink card?  What Chase Ink card is the best?

Every Chase Ink offer is different. You will need to decide whether an annual fee is necessary, what introductory APR you require and which rewards category your company spends most.

Is Chase Ink available for purchase without a business?

To be eligible for the Chase Ink Business Card, you must have a business. When you apply, your company tax ID number will be required. If you are a sole proprietor or freelancer, however, your Social Security Number can be used as your tax identification number.

Does the Ink Business Prepaid Credit Card offer a great credit card?

A Ink Business Preferred Credit Card may be the right credit card for small business owners. They don't have to pay an annual fee, and they plan on maximizing the bonus points that are earned when they make purchases. Cardholders with Chase Ultimate Rewards points may find it especially useful. U.S. News gives this card a rating of 4.25 stars out of 5 in the Business Credit Cards Category.

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