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Ink Business Preferred® Credit Card

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  • Our Rating 4.5/5 How our ratings work
  • APR21.24% - 26.24% (Variable)
  • Annual Fee$95 More info

    This fee includes extra cards for authorized users, such as employees, at no additional charge.

  • Sign Up Bonus 120,000Chase Ultimate Rewards Points More Info

    Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $2,760 (120,000 Chase Ultimate Rewards Points * 0.023 base)

Those with travel and advertising expenses will like the high earning rates in these categories, plus cardholders can eke out even more value with fully transferable rewards through the Chase Travel℠ portal. One drawback is the modest annual fee, though many can offset this with the card’s earning potential.


This card offers a whopping 120,000 bonus points after you spend $8,000 in the first three months — with the card’s 25% bonus on travel booked through Chase, that’s worth $1,500. But you could potentially get more through one of the bank’s transfer partners. The rewards you earn from the Ink Business Preferred Card can be transferred to 10 different airline partners including United, Southwest, Virgin Atlantic, Singapore and British Airways, as well as hotel partners Hyatt, Hilton and Marriott.

Unlike the other two Ink Business cards, you can use this card to transfer your rewards directly to airline miles and hotel points. Travelers may also like this card’s cellphone protection policy that will cover up to $600 per claim.


  • 3x points on 5 different categories (up to $150,000)
  • Robust travel, purchase and cellphone protections
  • Ability to earn transferable points to use on travel partners
  • No additional charge for extra cards for additional authorized users


  • $95 annual fee
  • Businesses that don't spend on the category bonuses won't benefit

The Ink Business Preferred credit card is consistently ranked one of the best business cards, and for a good reason. The card leads the pack when it comes to welcome bonuses, rewards potential, travel protections and currency value. If you’re looking to boost your Ultimate Rewards balance, there’s usually no better way to do it than with this card. The annual fee is downright reasonable compared to other business cards, and what you get in return far outweighs this cost. 

If you’re in the market for a new business card, here are five reasons to apply for the Ink Business Preferred.

1. One of the Best Sign-Up Bonuses 

The Ink Business Preferred credit card offers its highest welcome bonus ever. Chase Ultimate Rewards points are hard to come by, with just a few cards and the limitations of the 5/24 rule. If you qualify for the Ink Business Preferred, this is an excellent opportunity to stock up on one of the most valuable rewards currencies.

At the very least, you can for $1,200 in cash back or $1,500 in travel rewards. Transfer your points to one of 13 airlines and hotels, and you’ll get even more value out of them. For example, you can often get at least 1.7 cents of value out of your Hyatt points. Transfer Ultimate Rewards to World of Hyatt, and you’ll increase their value and get access to an impressive portfolio of budget, luxury and all-inclusive hotels. 

Also of note, rising costs across the economy can lead to potential devaluations—such as airlines and hotels inflating their award charts to match demand. Investing in a transferable rewards program like Chase’s can make your rewards balance virtually devaluation-proof. If one transfer partner hikes redemption rates, you have 12 others to choose from. 

Compare Chase Ink Business Credit Cards

Credit Card Intro Bonus Annual Fee Rewards Rate Learn More

Ink Business Unlimited® Credit Card

$750Cash Bonus More Info

Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening

$0 1.5%Cashback More Info

Earn unlimited 1.5% cash back on every purchase made for your business. The advertised rewards type is cash back, but it’s important to note that you’re technically earning Chase Ultimate Rewards points (which can then be converted to cash back).

Ink Business Cash® Credit Card

$750Cash Bonus More Info

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

$0 1% - 5%Cashback More Info

Earn 5% cash back on your first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also offers you 2% cash back on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.

Ink Business Preferred® Credit Card

120,000Chase Ultimate Rewards Points More Info

Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $2,760 (120,000 Chase Ultimate Rewards Points * 0.023 base)

$95 More info

This fee includes extra cards for authorized users, such as employees, at no additional charge.

1x - 3xPoints More Info

Earn 3x points on the first $150,000 of combined spending in a number of key business categories

Ink Business Premier® Credit Card

$1,000Cash Bonus More Info

Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.

$195 Up to 2.5%Cashback More Info

Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.

2. Generous Category Bonuses

retail store preparing packages for shipping


Welcome bonuses are great, but the true mark of an excellent business card is earning potential on everyday spending. The Ink Business Preferred® credit card offers generous rewards on common business spending categories. Cardholders earn 3 points per dollar on the first $150,000 spent in combined purchases on shipping, travel, internet, cable, phone services and advertising purchases made with social media sites and search engines. All other purchases earn 1 point per dollar spent. 

If your business has expenses in these categories, you’ll likely benefit from having an Ink Business Preferred, and you can get free employee cards to further ramp your point earnings. 

3. Travel Protections Galore

With service disruptions due to weather or operational inefficiencies, travel insurance is as pertinent as ever. The Ink Business Preferred provides a host of travel protections when you charge your expenses to the card. These will come in handy when your flight is delayed, your trip is canceled, or you have an accident in your rental car:

  • Trip cancellation and interruption insurance: Cardholders get up to $5,000 per person in trip cancellation and interruption insurance. Coverage is limited to $10,000 per trip and applies to prepaid and nonrefundable travel expenses. You can request reimbursement for airfare, hotels and tours if your trip is canceled for a covered reason.
  • Auto rental collision damage waiver: The card provides primary auto rental collision coverage, so you won’t have to go through your own insurance to file a claim. Nor do you have to pay a daily fee to the rental car company to get your rental vehicle properly insured.
  • Roadside dispatch: If you’re stuck on the side of the road with a flat tire or empty gas tank, your Ink Business Preferred can connect you with roadside assistance. The service also covers towing, a jumpstart and lockout. Call the designated roadside emergency line and have your card on hand to pay the service fees.

4. Cellphone Protection

cracked phone repair


We’ve all been there: You got a pretty cellphone case to protect your shiny new phone, but you drop it and the screen shatters. With the Ink Business Preferred, you don’t need AppleCare or hundreds of dollars to repair the damage. Cardholders get cellphone protection, which covers up to $1,000 per claim. 

You’ll have to pay a $100 deductible per claim, but that’s a small price compared to the cost of repairing or replacing a phone. You can file up to three claims within 12 months. The only stipulation is that you must pay your cellphone bill with your Ink Business Preferred card to qualify for this coverage.

5. Combine With Other Cards for Higher Rewards

If you have a Chase card that earns cash back, like the Chase Freedom Unlimited or Chase Freedom Flex, adding an Ink Business Preferred to your wallet could be even more rewarding. That’s because pairing an Ultimate Rewards-earning card lets you convert cash back to Ultimate Rewards points. Why is that so lucrative? Because the Freedom cards already earn bonus rewards on personal spending categories. The Freedom Unlimited even offers 1.5% cash back (doubled for a limited time) on non-bonus spending. 

By pairing an Ink Business Preferred with one of these cards, you’ll increase your overall earning potential and convert your cash-back rewards to valuable Ultimate Rewards points. And since the Freedom cards don’t have annual fees, all it will cost you is $95 per year. 

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Bottom Line

From time to time, you may take stock of your credit card portfolio and decide what stays and goes. The Ink Business Preferred is an excellent card whether you run a small or large business. The card’s welcome bonus is a nice incentive, but the generous category bonuses and travel protections make it valuable in the long term. Factor in a best-in-class rewards currency, and you’ll go far even when travel costs rise.

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Ariana Arghandewal

Ariana Arghandewal is a rewards travel expert and founder of Pointchaser, an online publication dedicated to rewards travel topics. She brings over a decade of experience writing about travel, points, miles and credit cards. Her expertise includes her roles as an editor for distinguished travel and finance publications such as NerdWallet, The Points Guy and FlyerTalk. She has also authored many articles featured in major financial news & travel channels like Forbes, U.S. News Weekly, Business Insider & Fodor’s Travel.