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The Chase Ink Business Preferred Credit Card is a fantastic card for any business owner that loves to travel. The card comes with a generous welcome bonus, great bonus earning categories, and excellent benefits.
Ultimate Rewards are some of the most valuable and flexible points in the miles/points market. The points transfer to a number of great travel partners and could also be used to book travel through the Chase Travel portal.
The benefits include rental car coverage when traveling for business, no foreign transaction fees, and excellent cell phone insurance.
In This Article
|Generous welcome bonus||$95 annual fee (not waived the first year)|
|No foreign transaction fees||High APR|
|Travel protection benefits|
As a new Chase Ink Preferred cardholder, you’ll receive a generous welcome bonus of 100,000 Ultimate Rewards points after spending $15,000 on purchases in the first 3 months after account opening. The points are worth at least $1,250 toward travel when you redeem through the Chase travel portal and potentially a lot more when you transfer the points to one of the travel partners.
The card earns 3X on all travel, 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.
Ink Preferred is an excellent card for any business that spends a lot on social media advertising or shipping. With the card earning 3X in these categories, it’s easy to rack up a good number of Ultimate Rewards.
Ultimate Rewards points are extremely flexible and are very easy to use. The points are worth 1 cent each when used as a statement credit. This is not the best way to use Ultimate Rewards, however.
Points redeemed through the Chase Travel Portal are worth 1.25 cents each. The welcome bonus alone is worth $1,250 when redeemed through the portal. Chase’s travel portal is operated by Expedia and is an online travel agency. You can use the portal to book flights, hotels, rental cars and activities.
One of the best ways to use Ultimate Rewards points is to transfer them 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 anywhere in the world 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|
And these are Chase Ultimate Rewards hotel transfer partners:
|Hotel Transfer Partners|
|IHG Rewards Club|
|World of Hyatt|
All point transfer rates are 1:1 and can be completed in increments of 1,000 points.
By transferring Ultimate Rewards points to one of the travel partners, you can often get a much better value than 1.25c/point. You can book some of the best (and most expensive) business class tickets that cost thousands of dollars, or amazing hotel rooms at some of the world’s premier destinations.
Sometimes it’s better to transfer points to one of the travel partners, and sometimes using the points through the portal makes more sense.
(You can check out our guide to using the Chase Ultimate Rewards Travel Portal here).
You should transfer Ultimate Rewards points to one of the partners if you’d like to book an expensive business class ticket, if cash prices are high or if you can find lower than usual award rates.
If you are booking a ticket in economy, compare the number of points you’ll need when redeeming through the portal to what an airline would charge.
If an airline has a good sale going, the prices in the portal might be lower than the number of points you’ll need when booking through the partner airline. This applies to both economy and business class tickets on sale.
Sometimes you need to fly on specific dates but there’s no award availability on a partner airline. In that case, booking through the portal would be better.
Booking non-chain hotels or other types of accommodations through the portal is also a great use of Chase Ultimate Rewards points. You can book a hotel in the exact location you want and get a room that accommodates more than two guests.
Chase partnered with some of the best and most valuable airline and hotel partners. If you like to stay at Hyatt properties, then earning Ultimate Rewards is one of the best ways to get free Hyatt stays.
United Airlines only partnered with Chase and there are no other transferable credit card points that can be turned into United miles. United is one of the largest partners in Star Alliance, the world’s largest airline alliance. You can get anywhere in the world, on some of the best airlines such as Swiss, by booking partner award tickets with United miles.
Chase Ink Preferred offers a piece of mind when you use it to pay for some or all of your travel purchases.
If the trip is canceled or cut short by one of the covered situations, such as sickness or severe weather, you can be reimbursed up to $5,000 per person and $10,000 per trip for prepaid, non-refundable travel expenses including airfares, tours, and hotels. This applies to immediate family members and the main cardholder.
The card comes with primary auto-rental insurance if you rent a car for business purposes and decline rental car company’s Collision Damage Waiver (CDW). With primary rental car insurance you won’t have to file a claim with your own car insurance if your rental car is damaged.
This is one of the most valuable benefits of Ink Preferred. The card offers up to $600 in cell phone insurance for you and any employees listed on your monthly bill after paying a $100 deductible.
Considering how expensive cell phones are, this card can save you hundreds of dollars in case you, or anyone on your cell phone plan, damages their phone. In order to be covered, you need to pay your entire cell phone bill with the card.
Chase Ink Preferred is an excellent card in its own right. However, if you need more points to take your entire family on a trip, it’s very easy to combine Ultimate Rewards points from different personal and business accounts.
A great no annual fee card to compliment Ink Preferred is the Ink Business Cash credit card. The card earns 5X on all office supply stores and internet, phone, and cable.
Another great business credit card that has no annual fees is the Ink Business Unlimited credit card. It earns 1.5X on all purchases. Points earned with Ink Cash or Ink Unlimited can be redeemed for travel only if you also have one of the premium cards (i.e. a card with an annual fee), such as Ink Preferred.
More than 400 stores offer bonus points if you click through the Chase Shopping portal. All you need to do is log in to your Chase Ultimate Rewards account and click on the shopping bag.
This is a very easy way to earn more Ultimate Rewards points for things you buy anyway. It could be especially useful if you need to top up your stash of Ultimate Rewards for a particular award redemption.
You can refer fellow business owners, friends, and family and earn a 15,000 referral bonus for each approval. This is one of the best ways to offset the annual fee – you can earn up to 75,000 points a year!
Let’s compare the Ink Preferred to another popular business card, the American Express Business Gold.
(You can also check out our recent article that goes in depth on this comparison here)
Amex Business Gold comes with a 35,000 welcome bonus after spending $5,000. The card earns 4X on two select categories. You can choose any two among the following:
- Airfare purchased directly from airlines
- U.S. purchases for advertising in select media (online, TV, radio)
- U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
- U.S. purchases at gas stations
- U.S. purchases at restaurants
- U.S. purchases for shipping
The annual fee is $295, not waived the first year.
As you can see, there’s an overlap in some spending categories but the annual fee is quite a bit higher. Another thing to consider is your 5/24 status with Chase. If you are under 5/24, i.e. you haven’t applied for more than five personal cards in the last two years, we recommend that you get Chase Ink Preferred first.
Ultimate Rewards are easier to use for a wider variety of travel purchases. Amex points can’t be used for hotels or activities, only for flights.
Chase Ink Preferred is a great card for any business owner who loves to travel. The generous welcome bonus alone could be enough to take a family of four to Hawaii. The annual fee is easily offset by the welcome bonus, great travel benefits when traveling for business and the ability to refer other business owners.
The card earns valuable Ultimate Rewards points, which are one of the best and most flexible “currencies” out there. The points can be used to purchase any travel through the travel portal and the transfer partners are excellent. You can travel anywhere in the world and stay at some of the best hotels by transferring Ultimate Rewards to a partner airline or a partner hotel chain.
The card also has an excellent earning structure for a business with heavy spending in one of the bonus categories. These benefits include cell phone protection and are well worth the very reasonable annual fee.
Every business owner with a love of travel should strongly consider getting this card. The very generous welcome bonus and the ongoing perks, such as cell phone protection, all make the card one of our top picks.
The flexible rewards and a myriad of redemption options make this card very attractive for any business owner with a love of travel.
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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.