Ink Business Preferred℠ Credit Card

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Last updated on November 10th, 2021

Ink Business Preferred Credit Card

Earn 100,000 Bonus Points

Ink Business Preferred Credit Card
  • Regular Purchase APR 15.99% to 20.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer APR 15.99% to 20.99% variable based on creditworthiness and Prime Rate
  • Cash Advance APR 24.99% variable based on the Prime Rate
  • Annual Fee $95
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening
  • Earn 3 points per $1 on the first $150,000 spent in combined purchases on shipping, select advertising, travel, and phone/internet/cable purchases each account anniversary year
  • Earn unlimited 1 Point Per $1 spent on all other purchases
  • Redeem points through Chase Ultimate Rewards for an added 25% in value
  • No additional cost for issuing employee cards
  • No foreign transaction fees
Rates & Fees
  • Regular Purchase APR: 15.99% to 20.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer APR: 15.99% to 20.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 24.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each transaction, whichever is greater
  • Penalty APR: Up to 29.99% variable based on the Prime Rate
  • Annual Fee: $95
  • Late Payment Penalty Fee: $40
  • Return Payment Penalty Fee: $40
Credit Card Deals

At a Glance

The Ink Business Preferred℠ Visa Credit Card is a versatile small business credit card that simultaneously helps propel your business forward and rewards you for using it often.

Ideal for Those Who:

  • Own a business
  • Travel often, especially work-related travel
  • Make recurring purchases for your business
  • Have excellent credit personally, or with their business
  • Are part of a Chase-partnered frequent travel program

Ink Business Preferred℠ Credit Card Review

Chase Bank tailors the Ink Business Preferred℠ Card for the traveling small business owner. The card easily passes the quality test by rewarding holders with points for the dollars you spend with it. Plus, the card surpasses typical business credit card expectations by netting excellent earnings for travel purchases.

Enjoy a Huge Introductory Bonus

The Ink Business Preferred℠ Card from Chase comes with an impressive welcome bonus. That bonus, 100,000 points, has a cash value of approximately $1,250 when you redeem through Chase Ultimate Rewards. For those 100,000 points, however, businesses will need to spend heavily – to the tune of $15,000 in the first three months. Fortunately, the card earns points so effortlessly that medium-to-large companies likely won’t bat an eye at that minimum spend requirement.

Earn Impressive Points with Every Purchase

Cardholders 3X points per dollar on travel expenses, as well as on shipping costs, Internet, cable and phone services, and advertising purchases involving social media and search engine accounts. Since these are average costs that business owners will have to pay anyway, the triple rate of points earned is a welcome benefit.

Additional Value Through Chase Ultimate Rewards

This card also shines when the time comes to redeem your stockpile of points. Through Chase’s proprietary Ultimate Rewards® program, you’ll be able to squeeze an additional 25% value out of your points for travel redemption.

This means 100,000 points will be worth $1,250 rather than the usual $1,000. If you’d prefer redeeming your points through a different frequent travel program, Chase offers a 1:1 transfer rate for partnered brands. You’re potentially earning points for over a dozen different loyalty programs, and you have the choice to select any of them. Those partners include:

  • Aer Lingus
  • Air France/ KLM
  • British Airways
  • Emirates
  • Iberia
  • JetBlue
  • Singapore Airlines
  • Southwest Airlines
  • United Airlines
  • Virgin Atlantic
  • IHG Rewards
  • Marriott Bonvoy
  • World of Hyatt

For those who prefer other reward options to travel, the program also provides other award choices. These options include:

  • Shopping
  • Statement credits
  • Donations
  • Gift Cards

Other Things to Consider

Because of the impressive rewards and perks, companies will require excellent credit to get the Ink Business Preferred℠. The card also carries a $95 annual fee, but the earned rewards points can quickly offset it. Fortunately, the card also offers extra employee cards at no additional cost, plus a suite of business protection and monitoring tools. Even better, the card has no annual fee.

Should You Apply for the Ink Business Preferred℠ Credit Card from Chase?

The Ink Business Preferred℠ Credit Card differs from other Ink products in that it is a travel rewards card and not a cash back card. That said, the card still offers the same excellent business tools and complimentary employee cards.

Where it differs from the other Ink Business Cards is the annual fee ($95) and the considerable spend requirements for the signup bonus of 100,000 points. For larger companies, or those who travel often, however, this spend probably won’t be a huge concern. And, since Chase Ultimate Rewards are so valuable, the $15,000 spend may well be worth it for those who regularly fly for work. The additional 25% value on Ultimate Rewards travel bookings is another great perk.

Keep in mind that Chase Bank has stringent credit score requirements with their credit cards. Chase does not offer secured credit cards for personal or small business use. The Ink Visa requires good or excellent credit scores for approval. Make sure to check your business’ credit score – if it needs boosting, consider applying for the Ink Business Preferred with your personal credit score.    

Overall, the Ink Business Preferred℠ Credit Card is an excellent option for the company that often travels – and uses their credit card to do so.

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