The Chase Ink Business Preferred® Credit Card is an exceptional choice for small business owners seeking a rewards card with robust earning potential, travel perks, and flexible redemption options.
Designed with businesses in mind, this card offers valuable points for common business purchases, a lucrative sign-up bonus, and comprehensive travel protections.
This guide explores the key features, benefits, drawbacks, application requirements, fees, and answers to frequently asked questions about the Chase Ink Business Preferred Credit Card.
Card Overview
The Chase Ink Business Preferred® Credit Card is tailored for entrepreneurs and small business owners who want to earn Chase Ultimate Rewards® points on their business expenses.
It stands out for its generous rewards structure, offering 3 points per $1 spent on travel, shipping purchases, internet, cable, phone services, and advertising on social media and search engines (up to $150,000 in combined purchases per year).
All other purchases earn 1 point per $1.
Cardholders can also take advantage of a 100,000-point sign-up bonus (worth up to $1,250 when redeemed for travel through Chase Ultimate Rewards) after meeting the spending threshold.
With no foreign transaction fees and travel protections, this card is particularly attractive to business owners who frequently travel or spend internationally.
Reasons to Choose the Chase Ink Business Preferred Credit Card
Here are some compelling reasons to consider this card for your business needs:
1. Lucrative Sign-Up Bonus
- Earn 100,000 bonus points after spending $8,000 on purchases in the first 3 months from account opening.
- This bonus is equivalent to $1,250 in travel when redeemed through Chase Ultimate Rewards.
2. High Rewards Potential
- Earn 3 points per $1 on the following categories (up to $150,000 per year in combined purchases):
- Travel.
- Shipping purchases.
- Internet, cable, and phone services.
- Advertising purchases on social media platforms and search engines.
- Earn 1 point per $1 on all other purchases.
3. Flexible Redemption Options
- Points can be redeemed for:
- Travel through Chase Ultimate Rewards for a 25% bonus.
- Cash back, gift cards, or statement credits.
- Transfer to Chase’s travel partners, such as United Airlines, Southwest Airlines, and Hyatt, for potentially even greater value.
4. Comprehensive Travel Benefits
- Travel protections include:
- Trip cancellation/interruption insurance (up to $5,000 per person).
- Auto rental collision damage waiver (primary coverage).
- Baggage delay insurance and trip delay reimbursement.
- No foreign transaction fees, making it ideal for international business trips.
5. Employee Cards at No Additional Cost
- Add employee cards to your account for no extra charge and set spending limits for better expense management.
6. Business-Focused Features
- Integration with tools like QuickBooks makes it easy to track and categorize business expenses.
- Expense management tools simplify reporting and reconciliation.
7. Fraud and Purchase Protections
- Enjoy peace of mind with features like fraud alerts, purchase protection, and extended warranty coverage.

Drawbacks of the Chase Ink Business Preferred Credit Card
While the card offers impressive benefits, it also has a few potential downsides to consider:
1. Annual Fee
- The card charges a $95 annual fee, which may not suit businesses with lower spending needs.
2. Spending Requirement for Sign-Up Bonus
- To earn the 100,000-point sign-up bonus, you must spend $8,000 in the first 3 months. This may be challenging for some small businesses.
3. Category Spending Cap
- The 3x points categories are capped at $150,000 in combined purchases per year. After reaching this limit, purchases in these categories earn just 1 point per $1.
4. No Introductory APR
- Unlike some other business credit cards, the Chase Ink Business Preferred Credit Card does not offer a 0% APR introductory period on purchases or balance transfers.
5. Requires Excellent Credit
- Applicants typically need excellent credit (700 or higher) to qualify, which might be a barrier for some business owners.
What Are the Requirements to Apply?
To qualify for the Chase Ink Business Preferred Credit Card, applicants must meet the following criteria:
1. Business Ownership
- You must own a business or have a side hustle, whether as a sole proprietor, LLC, or corporation.
2. Good to Excellent Credit Score
- A credit score of 700 or higher is typically required for approval.
3. Proof of Income and Business Revenue
- Applicants must demonstrate sufficient income and revenue to handle credit line obligations.
4. Age Requirement
- You must be at least 18 years old to apply.
5. U.S. Residency
- Applicants must provide a valid Social Security number or Taxpayer Identification Number (TIN) and reside in the United States.
Fees and Costs
Understanding the card’s fees and costs is essential to determine if it aligns with your business’s budget:
- Annual Fee: $95.
- Foreign Transaction Fee: None.
- APR: Variable APR based on creditworthiness.
- Employee Card Fee: $0.
- Late Payment Fee: Up to $40.
- Balance Transfer Fee: 5% of the amount transferred or $5, whichever is greater.
- Cash Advance Fee: 5% of the amount advanced or $10, whichever is greater.
Frequently Asked Questions about the Chase Ink Business Preferred Credit Card

1. What makes the Chase Ink Business Preferred® Card unique?
The card stands out for its high rewards potential in business categories, flexible redemption options through Chase Ultimate Rewards, and comprehensive travel protections.
2. How does the sign-up bonus work?
Earn 100,000 bonus points after spending $8,000 within the first 3 months. This is equivalent to $1,250 in travel when redeemed through Chase Ultimate Rewards.
3. Can I transfer points to travel partners?
Yes, Chase Ultimate Rewards points can be transferred to Chase’s travel partners, such as United Airlines, Marriott Bonvoy, and Hyatt, for potentially higher value.
4. Does the card have a foreign transaction fee?
No, the card has no foreign transaction fees, making it ideal for international business use.
5. Is there a limit on 3x points categories?
Yes, the 3x points categories are capped at $150,000 in combined spending per year. After reaching this limit, you’ll earn 1 point per $1.
6. Can I get employee cards?
Yes, you can add employee cards for no additional cost and set spending limits for better expense control.
Conclusion
The Chase Ink Business Preferred Credit Card is an excellent option for small business owners looking to maximize their spending through a robust rewards program, flexible redemption options, and valuable travel benefits.
Its 100,000-point sign-up bonus, 3x points on business categories, and comprehensive travel protections make it a top-tier choice for businesses with significant travel and advertising expenses.
While the card’s $95 annual fee and high spending requirement for the sign-up bonus might deter some, the overall value it offers far outweighs these costs for most businesses.
If you’re a business owner looking for a versatile, rewards-focused credit card that supports your spending and travel needs, the Chase Ink Business Preferred Credit Card deserves serious consideration.




