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The Chase Ink Business Preferred credit card has great points earning rates, valuable benefits and comes with a generous welcome bonus.
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The Chase Ink Business Preferred Credit Card is one of the most popular business cards and for good reason. Chase Ink Business Preferred has great points earning rates, valuable benefits and comes with a generous welcome bonus. All its benefits and very reasonable $95 annual fee make this card a keeper.
The card doesn’t have foreign transaction fees and is accepted around the world, making it perfect for any business owner who loves to travel.
Generous Sign-Up Bonus
The Ink Preferred card comes with a welcome bonus of 100,000 bonus points after you spend $15,000 on purchases in the first three months after account opening. That’s at least $1,250 toward travel when you redeem the bonus points through Chase travel portal.
However, because Ultimate Rewards points are one of the most valuable transferable currencies and because Chase has great transfer partners such as Hyatt and United, the signup bonus could be worth much more than $1,250 if you transfer Ultimate Rewards to one of the partners.
For example, you can fly one-way to Europe in business class and have enough points leftover for a couple of nights’ stay at a nice Hyatt property just using the points from the signup bonus!
Chase Ink Preferred Bonus Categories
The Chase Ink Preferred card earns 3X points per dollar in these categories on the first $150,000 in combined purchases each account anniversary year:
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
The card earns 1X on all other purchases.
The Ink Preferred is a great card for any business that spends a lot on social media advertising or shipping. When you are earning 3X in these categories, it’s very easy to rack up a good stash of Ultimate Rewards points.
Transfer Points to Travel Partners
Chase has some of the most valuable airline transfer partners that include airlines in all three major airline alliances, as well as non-alliance airlines like Southwest and Virgin Atlantic. You can travel pretty much anywhere in the world if you have Ultimate Rewards points.
For maximum value, transfer Ultimate Rewards to one of Chase’s airline or hotel partners. The partners include some of the world’s best and biggest airlines and major hotel chains – you can travel far and wide with the help of Ultimate Rewards points.
These are Chase Ultimate Rewards airline transfer partners:
|Airline Transfer Partners|
|Aer Lingus AerClub||JetBlue TrueBlue|
|Air France/KLM Flying Blue||Singapore Airlines KrisFlyer|
|British Airways Executive Club||Southwest Airlines Rapid Rewards|
|Emirates Skywards||United Airlines MileagePlus|
|Iberia Plus||Virgin Atlantic Flying Club|
Ultimate Rewards points transfer to airline partners instantly or almost instantly.
Because each transfer airline has “sweet spots”, the points are extremely valuable. For example, you can transfer 120,000 Ultimate Rewards points to Virgin Atlantic and book a round-trip first class ticket from the East Coast and the Midwest to Tokyo on its partner ANA.
Or you can transfer 34,000 Ultimate Rewards to Iberia and fly one-way in business class on off-peak dates from several east coast cities (and Chicago) to Madrid, Spain.
Chase also has hotel transfer partners and the Ultimate Rewards points transfer to Hyatt, Marriott and IHG. Generally, we only recommend transferring the points to Hyatt unless you just need to top off your Marriott or IHG account for a particular redemption.
The points transfer to all travel partners at a 1:1 ratio.
Chase Travel Portal
Ultimate Rewards points are one of the most flexible credit card points. One way to redeem points for travel is to use Chase’s travel portal. Ink Preferred cardholders can redeem points at 1.25 cents each on the Chase portal.
Sometimes, like when the ticket prices are low, it might make sense to redeem the points through the portal at 1.25 cents per point. So, for example, a $100 flight will cost 8,000 points. Always compare prices for economy flights, or even inexpensive business class flights, on the portal with what transfer partners would charge.
Another great way to redeem Ultimate Rewards is to book hotels through Chase’s travel portal. The portal has lots of great non-chain or local chain hotels, so check the price before transferring the points to Hyatt. Hotel loyalty programs usually allow you to redeem points for a standard room for two guests. However, if you are using the portal, you can book rooms for more than two people or larger suites.
Chase allows you to combine points from multiple Ultimate Rewards earning accounts, both personal and business. So if you have any of Chase’s personal no-fee cards, such as Chase Freedom or Chase Freedom Unlimited cards, you can combine points earned with these cards with points earned with your Ink Preferred card.
If you have a no-fee Ultimate Rewards earning business cards, you can combine points earned with the Chase Ink Business Cash Credit Card or the Ink Business Unlimited Credit Card. This will turn cash back into travel points that can be transferred to a transfer partner or used on the Chase travel portal.
If you also have Chase Sapphire Reserve Credit Card, you can combine points earned with your Ink Preferred and redeem them at 1.5 cents per point through the travel portal.
Likewise, you can combine points among family members that live at the same address.
No Foreign Transaction Fees
There are no foreign transaction fees on purchases made with Chase Ink Preferred card. So when you use the Ink Preferred card abroad, you are saving 1-3% in fees that many other cards charge.
Trip Cancellation and Trip Interruption Insurance
If your trip is cancelled or cut short by sickness, severe weather or other covered situations, you can be reimbursed up to $5,000 per trip for your prepaid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If the flight is delayed 12 hours or more, trip interruption insurance will reimburse up to $500 in hotels, meals and transportation expenses. Make sure to get the documentation from the airline to verify the flight delay and keep all the receipts.
To be eligible for this benefit, you’ll need to purchase the ticket or pay the taxes and fees on an award ticket with the Ink Preferred card.
Travel Accident Insurance
The Ink Business Preferred card provides travel accident insurance for travel booked with your card. This includes severe injuries such as dismemberment, loss of sight, hearing, or speech, or death due to a covered accident on a common carrier during your trip. You and your traveling companions are covered up to $500,000.
Lost Luggage Reimbursement
If you paid for your trip with the Ink Preferred card, each traveler is covered up to $3,000 per person per trip for the loss of either checked or carry-on baggage. Reimbursement is limited to $500 for jewelry, watches, cameras and electronic equipment.
The coverage is extended to cardholders and the immediate family members.
Baggage Delay Insurance
You will be reimbursed for the emergency purchase of essential items, such as toiletries, clothing, and chargers for electronic devices (limit one per device), when your bags are delayed at least six hours. This is limited to $100 per day, up to a maximum of five days.
The baggage delay benefit applies if your bags are delayed or misdirected for more than six hours and for each additional 24 hour period your baggage is delayed for a maximum of five days. Both the cardholder and the immediate family members are covered.
You must book your plane tickets with your Ink Business Preferred card to be eligible for this benefit.
Rental Car Coverage
The Ink Preferred card comes with auto rental collision damage waiver available in the U.S. and most countries (coverage is unavailable is Jamaica, Israel, Republic of Ireland and Northern Ireland). When you need a rental car on a business trip, just decline the rental company’s collision damage waiver and charge the entire rental cost to your Chase Ink Business Preferred card. The car will be covered for physical damage and theft, towing and loss of use charges up to the full value of the vehicle.
If the car’s rented for business purposes, the coverage that comes with the card is a primary coverage and you won’t need to file a claim with your personal insurance company.
Cell Phone Protection
This is one of the most valuable benefits of Chase Ink Preferred. You can get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill if you pay your entire bill with your Ink Business Preferred. There’s a $100 deductible per claim for the maximum of three claims in a 12 month period.
5X Points for Lyft Rides
Through March 2022, Ink Preferred cardholders will earn 5X points every time they take a Lyft ride. You don’t need to activate this benefit, just add your Ink Preferred card to your Lyft account and use it to pay for your Lyft rides.
If something you purchased with your Ink Business Preferred card is damaged or stolen within 120 days of purchase, you may be eligible for reimbursement.
You can be reimbursed up to the total purchase price of your item with your Chase Ink Business for a maximum of $10,000 for each claim and up to $50,000 dollars for each account. To be eligible for coverage, you must charge some portion of the price of the purchased item to your Ink Preferred card.
Some items, such as antiques and collectibles, aren’t covered.
Extended Warranty Protection
Extended Warranty Protection extends the time period of the original manufacturer’s warranty by one additional year on eligible warranties of three years or less, up to a maximum of $10,000 dollars per claim, and a $50,000 maximum per account. To be eligible for coverage, you must charge some portion of the item’s purchase price to your account.
Some items such as boats, automobiles, aircraft or medical equipment are not covered by extended warranty protection benefits.
Final Thoughts on Chase Ink Business Preferred
The Ink Business Preferred card is one of the most valuable business credit cards in the market today. It has a very reasonable annual fee and comes with a generous welcome offer. The card has great travel benefits, such as trip interruption insurance, making it perfect for any business owner who loves to travel. The bonus categories make it easy to collect a good stash of Ultimate Rewards points and convert business expenses into amazing trips!
Cards in This Article
Chase Ultimate Rewards Points
after you spend $15,000 on purchases in the first 3 months after account opening
Editors Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.