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The Ink Business Preferred® Credit Card is part of Chase's Ultimate Rewards program, allowing small business owners and entrepreneurs to earn travel rewards on all their company expenses. There's a lot to like about this card, and it's a fantastic alternative to the more expensive premium credit cards. Dive into the pros and cons in this Ink Business Preferred® Credit Card review -- so you can find out if it's right for you.
Ink Business Preferred® Credit Card
Great for: Business travel
On Chase's Secure Website.
On Chase's Secure Website.
Good/Excellent (670-850)
Intro APR N/A
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.24%-26.24% Variable
Rewards Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.
Earn 3 points per $1 in select business categories
Annual Fee N/A
$95
Welcome Offer Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Earn 100,000 bonus points
This business card gets you access to the Chase Ultimate Rewards ecosystem, and you'll start with 100,000 Ultimate Rewards points by qualifying for its eye-popping welcome bonus. Earning 3x points per $1 on popular business expenses means you can cover your bills and be generously rewarded in the process.
This credit card is a good fit for: Business owners with high spending in advertising, shipping, and travel, as well as internet, cable, and phone services.
This Chase business credit card has several great benefits, including excellent bonus offers.
You earn 100,000 bonus points by spending $8,000 on purchases within the first 3 months of having the card. That's one of the biggest sign-up bonuses you'll find. It's worth $1,250 in travel through Chase's travel portal, and potentially even more if you transfer your points.
SEE MORE GREAT BONUSES: Best Sign-Up Bonus Credit Cards
This card earns 3 points per $1 on the first $150,000 you spend per account anniversary year on the following expenses:
It also earns 5 points per $1 on Lyft rides through March 2025. Other purchases earn 1 point per $1.
COMPARE TOP CARD OPTIONS: Best Business Credit Cards
As part of the Chase Ultimate Rewards program, this business card offers great ways to redeem your points. You can transfer points to any of Chase's airline and hotel partners to make an award booking.
Alternatively, you can use points to book cash travel purchases through the Chase Travel portal. You get 25% more value per point this way over the standard cash back value ($0.01 per point). That means you get $0.0125 per point.
LEARN MORE: Definitive Guide to Chase Ultimate Rewards Points
Protections this card offers include:
That last coverage, cellphone insurance, is an underrated perk that many credit cards don't have. You just need to pay your monthly cellphone bill with your Ink Business Preferred® Credit Card for this protection to apply. Even better, it also covers any employees listed on your bill.
If you have any employees who need company credit cards, you can make them authorized users and get cards for them free of charge. Their cards will have the exact same benefits and rewards rate.
LEARN MORE: How to Add an Authorized User With Chase
The Ink Business Preferred® Credit Card has a couple downsides to know about.
This Chase credit card has an annual fee of $95. Considering the perks it offers, you can easily come out ahead in terms of value. See if you'll be able to use those benefits to figure out whether the card is a good deal.
The sign-up bonus alone is worth $1,250 toward travel. Cellphone insurance for you and any employees with company phones can save you $100 per year or more. And if your business has high spending in this card's bonus categories, the extra points you earn could save you hundreds to thousands of dollars every year.
READ MORE: Is Your Credit Card Annual Fee Worth It?
Some business credit cards include a 0% intro APR on purchases, which is nice if you want to finance big expenses. The Ink Business Preferred® Credit Card doesn't have this kind of offer. It only makes sense to apply for this card if you'll be able to pay your bill in full every month and avoid interest charges.
The sign-up bonus is incredible, but it does come with that steep spending minimum in a relatively short amount of time. If your business doesn't spend at least $2,667 per month, then the Ink Business Preferred® Credit Card probably wouldn't be a good choice. In that case, check out other credit card reviews to find one with a lower spending minimum on its welcome bonus.
MORE OPTIONS: Best Business Credit Cards for Startups
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
A FICO® Score of 670 or higher is suggested to apply for the Ink Business Preferred® Credit Card. Cardholders usually have good credit or excellent credit. However, your credit score isn't the only important factor, and it doesn't guarantee an approval or a denial.
This is a business credit card, but businesses of all sizes and types qualify. You could get it with a traditional small business or as a freelancer.
Before you apply, make sure you understand Chase's 5/24 rule. Chase generally rejects all applicants who have already opened five or more credit cards within the previous 24 months.
LEARN MORE: A Guide to Chase's 5/24 Rule
You want a business credit card with ample bonus opportunities that costs under $100 per year. Here are a few good signs the Ink Business Preferred® Credit Card could be a winner for you:
Assuming you spend enough to get the sign-up bonus, this card deserves a place near the top of your list. With a wide range of benefits and a reasonable annual fee, it's not just a great business card, it's right up there with the very best credit cards that we've found. Anyone interested in a travel rewards card should give the Ink Business Preferred® Credit Card a look.
READ MORE: Best Business Credit Cards for Travel
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Ink Business Preferred® Credit Card | Ink Business Cash® Credit Card | Costco Anywhere Visa® Business Card by Citi |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Apply Now for Ink Business Preferred® Credit Card
On Chase's Secure Website. |
Apply Now for Ink Business Cash® Credit Card
On Chase's Secure Website. |
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Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Excellent (740-850) |
Welcome Offer: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Earn 100,000 bonus points |
Welcome Offer: Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. Earn up to $750 bonus cash back |
Welcome Offer: N/A |
Rewards Program: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn. Earn 3 points per $1 in select business categories |
Rewards Program: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. Earn 5% cash back in select business categories |
Rewards Program: 4% back on gas and EV charging ($7,000 annual spending cap), 3% back on restaurants and travel, 2% back on Costco purchases, 1% back on other purchases 1% - 4% back |
Intro APR: N/A Purchases: N/A Balance Transfers: N/A |
Intro APR: 0% Intro APR on Purchases Purchases: 0% Intro APR on Purchases, 12 months Balance Transfers: N/A |
Intro APR: Purchases: N/A Balance Transfers: N/A |
Regular APR: 21.24%-26.24% Variable |
Regular APR: 18.49% - 24.49% Variable |
Regular APR: 20.49% (Variable) |
Annual Fee: N/A $95 |
Annual Fee: N/A $0 |
Annual Fee: $0 for Costco members |
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Apply Now for Ink Business Preferred® Credit Card
On Chase's Secure Website. |
Apply Now for Ink Business Cash® Credit Card
On Chase's Secure Website. |
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At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
The minimum starting credit limit for the Ink Business Preferred® Credit Card is $5,000. Credit limits depend on a cardholder's income and credit history, and they can range from $5,000 to over $20,000. Chase may request additional information for a credit line of more than $25,000.
No, the Ink Business Preferred® Credit Card does not charge a foreign transaction fee.
This card is harder to get than most Chase credit cards. It's aimed at applicants with good or excellent credit, and Chase tends to be more selective about approvals for its business credit cards. If you have a FICO® Score of at least 670, then you have a good chance of approval.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The Motley Fool owns shares of and recommends Visa.